(MENAFN- PR Newswire)
Download an Illustrative overview:
Browse in-depth TOC on " Global Automotive industry Outlook "
10 - Tables
66 - Figures
66 - Pages
Hybrid Electric vehicles are anticipated to witness significant growth in 2025
The growth in sales of Hybrid electric cars with enhanced ranges is shifting the trends in the automotive market. Numerous OEMs have announced to expand their hybrid vehicle portfolio, including Toyota (Japan), Honda (Japan), Volkswagen (Germany), Ford (US), and General Motors (Germany). OEMs such as General Motors and Ford have revived plans for introducing new HEV and PHEV models form 2026-27 onwards.
Asia Pacific is expected to be the largest market in 2025
Asia-Pacific region holds the major share in the sales volume of PV combined. The major factor is the intensive manufacturing and export of cars in China. The Chinese market is the world's largest market in terms of vehicle sales as well as production. In 2024, China's sales volume for light vehicles was over 26 million units, with a share of around 50% globally. China is the most dominant nation in the automotive industry regarding supplying raw materials, manufacturing, and sales. China has the most potent supply chain of EV batteries . Over 50% of the EV batteries are manufactured in China. Moreover, around 75% of the components of EV batteries are manufactured in China. These Chinese manufacturers want to expand their services and acquire additional market share worldwide. The Asia region has seen growth in automobile production in 2023 and 2024. Continuing this trend, the Asia region will dominate the market in 2025.
Luxury car and Premiumisation of cars takes centre stage
There has been a constant increase in sales of luxury and ultra-luxury cars in regions like Asia-Pacific. OEMs are developing and trying to incorporate more ultra-luxury features and are monetizing many such features as a service model. The rise in sales of such cars is due to the increasing number of high-net-worth individuals in this region. This trend is expected to continue and flourish in 2025 as well.
Key Market Players Global Automotive Outlook :
Prominent players in the Global Automotive Outlook
include as General Motors (USA), Tesla (USA), Volkswagen (Germany), Ford (USA), BYD (China), Toyota (Japan) Hyundai (South Korea)
Get 10% Free Customization on this Report:
This report provides insights on:
Analysis of key Trends in 2024 and 2025 (Rise in Hybrid Vehicle Sales, Stability in vehicles sales in 2025, Online component sales expected to boom, Luxury vehicle sales rise and emergence integrated powertrains).
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the automotive market
Market Development: Comprehensive information about lucrative markets – the report analyses the automotive market across varied regions
Market Diversification: Exhaustive information about diversification of supply chains, untapped geographies, recent developments, and investments in the automotive market
Competitive Assessment: Assessment of market shares, growth strategies and service offerings of leading players like across light vehicle segments which are then dirther divided into ICE and electric among others in the automotive market strategies. The report also helps stakeholders understand the pulse of the autonomous vehicle market and provides them information on key market drivers, challenges, and opportunities.
Related Reports:
Electric Commercial Vehicle Market
EV Battery Market
Electric Vehicle Market
Get access to the latest updates on
Global Automotive Industry Outlook Companies and
Global Automotive Outlook Industry Growth
About MarketsandMarketsTM:
MarketsandMarketsTM has been recognized as one of America's best management consulting firms by Forbes , as per their recent report.
MarketsandMarketsTM is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStoreTM (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit TM or follow us on Twitter , LinkedIn and Facebook .
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
Email: [email protected]
Visit Our Website:
Logo:
SOURCE MarketsandMarkets
MENAFN09012025003732001241ID1109072449
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.