Global Motor Vehicles Sales Market by Type (Cars, Buses, Trucks, Motorcycles), By Application (Household, Commercial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Motor Vehicles Sales Market size is projected to grow at a CAGR of 4.7% during the forecast period and reach USD 5,590 billion by 2028. The rising demand for personal transport in developing economies such as India and China is driving the growth of this market.

Motor vehicles are self-propelled wheeled vehicles that can be used on land, water, and air. This definition includes cars, buses, trucks, motorcycles, and more. The industry of motor vehicles consists of the manufacture or importation of these devices for personal transport use in an urbanized environment such as automobiles (including light trucks) or buses. The industry is divided into two general categories: passenger cars and commercial vehicles (buses, trucks).

On the basis of Type, the global motor vehicles sales market is segmented into passenger vehicles and commercial vehicles.

Passenger Vehicle:

The first segment of the global motor vehicles sales market is passenger vehicles. Passenger vehicle segments are classified on the basis of types such as cars, buses, and trucks. Passenger car segments include sub-segments like sports utility vehicles (SUVs), light commercial vehicles (LCVs), or medium commercial vehicles (MCVs). Bus segment comprises different categories but their main characteristic is that they have more than 12 seats in a row with at least one seat behind another. The truck segment includes heavy-duty & special purpose trucking which falls under this category owing to its unique characteristics related to weight capacity, power requirement, and riding comfort.

Commercial Vehicle:

On the other hand, commercial vehicle segments are categorized according to applications such as delivery vans; service providers for companies like taxi companies, courier companies; trucking for goods delivery and logistics. The truck segment includes heavy-duty and special-purpose trucking which falls under this category owing to its unique characteristics related to weight capacity, power requirement, and riding comfort. On the other hand, commercial vehicle segments are categorized according to applications such as delivery vans; service providers for companies like taxi companies, courier companies; trucking for goods delivery and logistics. The passenger car segment is also split into different categories depending on whether they have four wheels or more than four wheels (such as SUVs); cars with a sports-car style design versus those designed primarily for family use; vehicles with two rows of seats in front of one another compared with vans that typically offer three rows of seating space.

On the basis of Application, the global motor vehicles sales market is segmented into household and commercial.

Household:

Household applications consist primarily of personal transportation such as automobiles or bicycles while commercial applications encompass business-related uses such as delivery vans or service providers to businesses like taxi services, bus lines, couriers etcetera. The difference between both segments lies mainly in driving needs that vary from carrying heavy loads to transporting passengers at high speeds.

Commercial:

Commercial application of motor vehicles includes various small business and commercial establishments. Commercial applications include delivery vans, service providers to businesses like taxi services or bus lines, couriers etcetera. The difference between this segment is mainly in driving needs that vary from carrying heavy loads to transporting passengers at high speeds.

On the basis of Region, the global motor vehicles sales market is segmented into global motor vehicles market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North American countries account for the largest share in terms of volume in 2018 due to huge demand from commercial segments like couriers etcetera. The region has also captured a major share in emerging markets such as India and China which are projected to contribute significantly towards worldwide growth. America’s total output was more than that of Europe by about 24% owing primarily to higher production rates among developing nations such as Brazil (2013) while European producers continued on their downward trend owing mainly to an aging population with less need for vehicles. The steady shift of manufacturing facilities into low-cost Asian economies has been causing rapid growth in the demand for car manufacturing. The mature markets such as North America and Europe have reached saturation levels while emerging markets like China and India continue their growth trend. In order to meet this requirement manufacturers will need increased investment into research & development activities coupled with rising investments being made towards research & development activities.

Growth Factors For The Global Motor Vehicles Sales Market:

The automotive industry is a highly competitive sector. The key growth driver for the car manufacturing market has been outsourcing of production to low-cost economies and increasing demand from emerging markets such as China and India. In order to meet this requirement manufacturers will need increased investment into research & development activities coupled with rising investments being made towards research & development activities. However, there are other factors that impact the growth of this market that may be less predictable in nature or difficult to measure at an accurate rate including natural disasters, technology advancements, etc., influencing economic conditions on consumer purchasing decisions.

Up Market Research published a new report titled “Motor Vehicles Sales Market research report which is segmented by Types (Cars, Buses, Trucks, Motorcycles), By Applications (Household, Commercial), By Players/Companies Toyota, Volkswagen Group, Daimler, Ford, General Motors, Honda, Fiat Chrysler Automobiles, BMW, Nissan, Hyundai, PSA, Renault, Suzuki, Geely”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Motor Vehicles Sales Market Report Segments:

The market is segmented by Type Cars, Buses, Trucks, Motorcycles and By Application Household, Commercial.

Some of the companies that are profiled in this report are:

1. Toyota
2. Volkswagen Group
3. Daimler
4. Ford
5. General Motors
6. Honda
7. Fiat Chrysler Automobiles
8. BMW
9. Nissan
10. Hyundai
11. PSA
12. Renault
13. Suzuki
14. Geely

Motor Vehicles Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Motor Vehicles Sales Market

Overview of the regional outlook of the Motor Vehicles Sales Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Motor Vehicles Sales Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Motor Vehicles Sales Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Cars

                2. Buses

                3. Trucks

                4. Motorcycles

                1. Household

                2. Commercial

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Motor Vehicles Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Motor Vehicles Sales Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.