The Global Vehicle Technology Market was valued at USD XX million in 2016, and is expected to grow at a CAGR of XX% by 2025. Demand for commercial vehicles is also expected to surge across emerging markets, driven by recovering economic conditions. In particular, growth in construction activity in these markets will drive the demand for heavy trucks, buses and other commercial vehicles.
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The market is driven by increasing awareness regarding stringent safety regulations and increasing demand for luxury cars in developing countries.
The increase in regulations with respect to environmental and safety standards will raise costs but also increase complexity, as they need to be managed apart from domestic markets.
Smaller vehicle classes are growing more strongly than others, particularly in fast-growing emerging markets. Finally, OEMs need to prepare for the Chinese aftersales market, which will grow an estimated 20 percent per year.
On the one hand, conventional ICE-powered vehicles have to be optimized with the help of engine control systems, downsizing, and lightweight or automatic transmissions. On the other hand, there are the long-term possibilities of the various electric powertrain alternatives and these have not been core competencies of most OEMs.
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Rising safety concerns and developments in automotive technologies have led to market penetration and acceptance of driverless cars and trucks by governments of various countries, such as U.S., Germany, China, and Japan.
Some of the key players operating in this market include Audi AG; BMW AG; Daimler AG (Mercedes Benz); Ford Motor Company; General Motors; Google LLC; Honda Motor Corporation; Nissan Motor Company; Tesla, Inc.; Toyota Motor Corporation and Others.
Key Benefits of the Report:
* Global, Regional, Country, End User, and Machine Types Market Size and Forecast from 2014-2025
* Detailed market dynamics, industry outlook with market specific PESTLE, Value Chain, Supply Chain, and SWOT Analysis to better understand the market and build strategies
* Identification of key companies that can influence this market on a global and regional scale
* Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies
* Detailed insights on emerging regions, Machine Types & End User, and competitive landscape with qualitative and quantitative information and facts
Target Audience:
* Vehicle Technology providers
* Traders, Importer and Exporter
* Raw material suppliers and distributors
* Research and consulting firms
* Government and research organizations
* Associations and industry bodies
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The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as white papers government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical scenario, consumer behavior, and end use industry trends and dynamics , capacity production, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs) which typically include:
* Original Equipment Manufacturer,
* Component Supplier,
* Distributors,
* Government Body & Associations, and
* Research Institute
TABLE OF CONTENT
1 Executive Summary
2 Methodology And Market Scope
3 Vehicle Technology Market — Industry Outlook
4 Vehicle Technology Market Product Type Outlook
5 Vehicle Technology Market End User Outlook
6 Vehicle Technology Market Regional Outlook
7 Competitive Landscape
End of the report
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