Passenger Vehicle Market Insights and Growth by 2031
The Passenger Vehicle Market is expected to register a CAGR of 8.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Compact, Midsize, Luxury, Others); Body (MPV, SUV, Hatchback, Sedan, Others); Application (Personal, Commercial, Electric); Fuel Type (Petrol, Diesel, CNG). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the Report
The report Passenger Vehicle Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Passenger Vehicle Market Segmentation
Type
- Compact
- Midsize
- Luxury
- Others
Body
- MPV
- SUV
- Hatchback
- Sedan
- Others
Application
- Personal
- Commercial
- Electric
Fuel Type
- Petrol
- Diesel
- CNG
Fuel Type
- Petrol
- Diesel
- CNG
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Passenger Vehicle Market: Strategic Insights
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Passenger Vehicle Market Growth Drivers
- Urbanization and Mobility Needs: With the expansion of urban areas and population growth, there is a growing need for personal transportation solutions. In such a scenario, personal vehicles are the most convenient option. Currently consumers are looking for convenience, flexibility, and comfort, which personal vehicles offer.Automakers are reacting to this by creating small and fuel-efficient cars, designed for city driving, and ensuring that they meet the changing needs of urban consumers who need mobility in their daily lives.
- Economic growth in developing regions: The overall economic growth has led to an increase in disposable incomes. As more people enter the middle class, owning a personal vehicle becomes possible and even desirable. This economic shift results in massive growth in the car sales business as customers are not averse to spending on improving their lifestyle and mobility capabilities. Car manufacturers are exploring this opportunity by bringing a number of affordable models to market coupled with financing options and value addition services that make cars increasingly accessible to a wider and broader customer base.
- Technological Innovation: Automotive industries are facing fast-paced inventions of technologies that change the behavior of the consumers and impact the nature of car markets. Technologies, including electric vehicle innovation, autonomy, and connectivity, change the landscape of passenger cars worldwide. Consumers are seeking safety with higher levels of efficiency and desiring the seamless interaction of the car with other smart devices. Such investments made by manufacturers in the research and development of these technologies meet the expectations of consumers and also set new industry standards in terms of performance and sustainability
Passenger Vehicle Market Future Trends
- Increased Focus on Safety Features: Consumers continue to be quite concerned about safety features with regard to vehicle purchases, a trend that is highly notable in relation to the use of advanced technologies. Adaptive cruise control, lane departure warning, and automatic emergency braking have become standard for a vast majority of models. It is a reflection of a growing consumer awareness toward road safety and a demand for cars that can mitigate risks and prevent accidents. Automakers are reacting by investing in research and development to enhance the safety systems. They are going well beyond meeting the regulatory standards but making sure that it exceeds customer expectations for safety and reliability.
- Personalization and Connectivity: This is a need that is arising due to advances in technology and also changing consumer preferences. Currently, customers are looking for vehicles that will accommodate their individual needs and lifestyle from an adaptable interior to a fully customized infotainment system. This trend further incorporates connectivity as consumers want their cars to be connected to their smartphone, their Bluetooth, or even other devices easily. Thus, automakers are responding by developing advance infotainment systems and features on voice recognition and over the air updation to make the drive life engaging and keep the brand of consumers in their hearts due to personalization
Passenger Vehicle Market Opportunities
- Electrification and Sustainable Mobility: The momentum toward sustainability worldwide and reduction in carbon emissions has created an enormous opportunity for the passenger vehicle market. Automakers can capitalize on this opportunity by fulfilling the increasing consumer demand for electric and hybrid vehicles by investing in research and development on battery technology and charging infrastructure. Governments across the world are also providing incentives and setting regulations for adopting electric vehicles. This becomes a positive environment for manufacturers to think about innovation.
- Shared Mobility Solutions: Shared mobility services like ride sharing and car sharing are the evolving solution for car manufacturers to showcase their diversified business models. With increasing urbanization and younger consumers focusing on access rather than ownership, a rising requirement for alternative transportation is now surfacing. Automakers are already looking at tapping this newly opened market through partnership with technology companies or by developing their own shared mobility platforms. This not only creates a new revenue stream but also works well with the changing consumer needs for convenience and sustainability, since shared mobility solutions often reduce the total number of vehicles in operation
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Passenger Vehicle Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Passenger Vehicle Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Passenger Vehicle Market include BMW AG#Ford Motor Company#General Motor Company#Honda Motor Co. Ltd.#Hyundai Motor Company#Mercedes-Benz#Nissan Motor Company# Ltd#Suzuki Motor Corporation#Toyota Motor Corporation
The Passenger Vehicle Market is estimated to witness a CAGR of 8.1% from 2023 to 2031
#Increased Focus on Safety Features#Personalization and Connectivity
The major factors driving the Passenger Vehicle Market are: #Urbanization and Mobility Needs#Economic growth in developing regions#Technological Innovation
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Passenger Vehicle Market - By Type
1.3.2 Passenger Vehicle Market - By Body
1.3.3 Passenger Vehicle Market - By Application
1.3.4 Passenger Vehicle Market - By Fuel Type
1.3.5 Passenger Vehicle Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PASSENGER VEHICLE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. PASSENGER VEHICLE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PASSENGER VEHICLE MARKET - GLOBAL MARKET ANALYSIS
6.1. PASSENGER VEHICLE - GLOBAL MARKET OVERVIEW
6.2. PASSENGER VEHICLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PASSENGER VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. COMPACT
7.3.1. Overview
7.3.2. Compact Market Forecast and Analysis
7.4. MIDSIZE
7.4.1. Overview
7.4.2. Midsize Market Forecast and Analysis
7.5. LUXURY
7.5.1. Overview
7.5.2. Luxury Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. PASSENGER VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - BODY
8.1. OVERVIEW
8.2. BODY MARKET FORECASTS AND ANALYSIS
8.3. MPV
8.3.1. Overview
8.3.2. MPV Market Forecast and Analysis
8.4. SUV
8.4.1. Overview
8.4.2. SUV Market Forecast and Analysis
8.5. HATCHBACK
8.5.1. Overview
8.5.2. Hatchback Market Forecast and Analysis
8.6. SEDAN
8.6.1. Overview
8.6.2. Sedan Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. PASSENGER VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. PERSONAL
9.3.1. Overview
9.3.2. Personal Market Forecast and Analysis
9.4. COMMERCIAL
9.4.1. Overview
9.4.2. Commercial Market Forecast and Analysis
9.5. ELECTRIC
9.5.1. Overview
9.5.2. Electric Market Forecast and Analysis
10. PASSENGER VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - FUEL TYPE
10.1. OVERVIEW
10.2. FUEL TYPE MARKET FORECASTS AND ANALYSIS
10.3. PETROL
10.3.1. Overview
10.3.2. Petrol Market Forecast and Analysis
10.4. DIESEL
10.4.1. Overview
10.4.2. Diesel Market Forecast and Analysis
10.5. CNG
10.5.1. Overview
10.5.2. CNG Market Forecast and Analysis
11. PASSENGER VEHICLE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Passenger Vehicle Market Overview
11.1.2 North America Passenger Vehicle Market Forecasts and Analysis
11.1.3 North America Passenger Vehicle Market Forecasts and Analysis - By Type
11.1.4 North America Passenger Vehicle Market Forecasts and Analysis - By Body
11.1.5 North America Passenger Vehicle Market Forecasts and Analysis - By Application
11.1.6 North America Passenger Vehicle Market Forecasts and Analysis - By Fuel Type
11.1.7 North America Passenger Vehicle Market Forecasts and Analysis - By Countries
11.1.7.1 United States Passenger Vehicle Market
11.1.7.1.1 United States Passenger Vehicle Market by Type
11.1.7.1.2 United States Passenger Vehicle Market by Body
11.1.7.1.3 United States Passenger Vehicle Market by Application
11.1.7.1.4 United States Passenger Vehicle Market by Fuel Type
11.1.7.2 Canada Passenger Vehicle Market
11.1.7.2.1 Canada Passenger Vehicle Market by Type
11.1.7.2.2 Canada Passenger Vehicle Market by Body
11.1.7.2.3 Canada Passenger Vehicle Market by Application
11.1.7.2.4 Canada Passenger Vehicle Market by Fuel Type
11.1.7.3 Mexico Passenger Vehicle Market
11.1.7.3.1 Mexico Passenger Vehicle Market by Type
11.1.7.3.2 Mexico Passenger Vehicle Market by Body
11.1.7.3.3 Mexico Passenger Vehicle Market by Application
11.1.7.3.4 Mexico Passenger Vehicle Market by Fuel Type
11.2. EUROPE
11.2.1 Europe Passenger Vehicle Market Overview
11.2.2 Europe Passenger Vehicle Market Forecasts and Analysis
11.2.3 Europe Passenger Vehicle Market Forecasts and Analysis - By Type
11.2.4 Europe Passenger Vehicle Market Forecasts and Analysis - By Body
11.2.5 Europe Passenger Vehicle Market Forecasts and Analysis - By Application
11.2.6 Europe Passenger Vehicle Market Forecasts and Analysis - By Fuel Type
11.2.7 Europe Passenger Vehicle Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Passenger Vehicle Market
11.2.7.1.1 Germany Passenger Vehicle Market by Type
11.2.7.1.2 Germany Passenger Vehicle Market by Body
11.2.7.1.3 Germany Passenger Vehicle Market by Application
11.2.7.1.4 Germany Passenger Vehicle Market by Fuel Type
11.2.7.2 France Passenger Vehicle Market
11.2.7.2.1 France Passenger Vehicle Market by Type
11.2.7.2.2 France Passenger Vehicle Market by Body
11.2.7.2.3 France Passenger Vehicle Market by Application
11.2.7.2.4 France Passenger Vehicle Market by Fuel Type
11.2.7.3 Italy Passenger Vehicle Market
11.2.7.3.1 Italy Passenger Vehicle Market by Type
11.2.7.3.2 Italy Passenger Vehicle Market by Body
11.2.7.3.3 Italy Passenger Vehicle Market by Application
11.2.7.3.4 Italy Passenger Vehicle Market by Fuel Type
11.2.7.4 United Kingdom Passenger Vehicle Market
11.2.7.4.1 United Kingdom Passenger Vehicle Market by Type
11.2.7.4.2 United Kingdom Passenger Vehicle Market by Body
11.2.7.4.3 United Kingdom Passenger Vehicle Market by Application
11.2.7.4.4 United Kingdom Passenger Vehicle Market by Fuel Type
11.2.7.5 Russia Passenger Vehicle Market
11.2.7.5.1 Russia Passenger Vehicle Market by Type
11.2.7.5.2 Russia Passenger Vehicle Market by Body
11.2.7.5.3 Russia Passenger Vehicle Market by Application
11.2.7.5.4 Russia Passenger Vehicle Market by Fuel Type
11.2.7.6 Rest of Europe Passenger Vehicle Market
11.2.7.6.1 Rest of Europe Passenger Vehicle Market by Type
11.2.7.6.2 Rest of Europe Passenger Vehicle Market by Body
11.2.7.6.3 Rest of Europe Passenger Vehicle Market by Application
11.2.7.6.4 Rest of Europe Passenger Vehicle Market by Fuel Type
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Passenger Vehicle Market Overview
11.3.2 Asia-Pacific Passenger Vehicle Market Forecasts and Analysis
11.3.3 Asia-Pacific Passenger Vehicle Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Passenger Vehicle Market Forecasts and Analysis - By Body
11.3.5 Asia-Pacific Passenger Vehicle Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Passenger Vehicle Market Forecasts and Analysis - By Fuel Type
11.3.7 Asia-Pacific Passenger Vehicle Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Passenger Vehicle Market
11.3.7.1.1 Australia Passenger Vehicle Market by Type
11.3.7.1.2 Australia Passenger Vehicle Market by Body
11.3.7.1.3 Australia Passenger Vehicle Market by Application
11.3.7.1.4 Australia Passenger Vehicle Market by Fuel Type
11.3.7.2 China Passenger Vehicle Market
11.3.7.2.1 China Passenger Vehicle Market by Type
11.3.7.2.2 China Passenger Vehicle Market by Body
11.3.7.2.3 China Passenger Vehicle Market by Application
11.3.7.2.4 China Passenger Vehicle Market by Fuel Type
11.3.7.3 India Passenger Vehicle Market
11.3.7.3.1 India Passenger Vehicle Market by Type
11.3.7.3.2 India Passenger Vehicle Market by Body
11.3.7.3.3 India Passenger Vehicle Market by Application
11.3.7.3.4 India Passenger Vehicle Market by Fuel Type
11.3.7.4 Japan Passenger Vehicle Market
11.3.7.4.1 Japan Passenger Vehicle Market by Type
11.3.7.4.2 Japan Passenger Vehicle Market by Body
11.3.7.4.3 Japan Passenger Vehicle Market by Application
11.3.7.4.4 Japan Passenger Vehicle Market by Fuel Type
11.3.7.5 South Korea Passenger Vehicle Market
11.3.7.5.1 South Korea Passenger Vehicle Market by Type
11.3.7.5.2 South Korea Passenger Vehicle Market by Body
11.3.7.5.3 South Korea Passenger Vehicle Market by Application
11.3.7.5.4 South Korea Passenger Vehicle Market by Fuel Type
11.3.7.6 Rest of Asia-Pacific Passenger Vehicle Market
11.3.7.6.1 Rest of Asia-Pacific Passenger Vehicle Market by Type
11.3.7.6.2 Rest of Asia-Pacific Passenger Vehicle Market by Body
11.3.7.6.3 Rest of Asia-Pacific Passenger Vehicle Market by Application
11.3.7.6.4 Rest of Asia-Pacific Passenger Vehicle Market by Fuel Type
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Passenger Vehicle Market Overview
11.4.2 Middle East and Africa Passenger Vehicle Market Forecasts and Analysis
11.4.3 Middle East and Africa Passenger Vehicle Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Passenger Vehicle Market Forecasts and Analysis - By Body
11.4.5 Middle East and Africa Passenger Vehicle Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Passenger Vehicle Market Forecasts and Analysis - By Fuel Type
11.4.7 Middle East and Africa Passenger Vehicle Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Passenger Vehicle Market
11.4.7.1.1 South Africa Passenger Vehicle Market by Type
11.4.7.1.2 South Africa Passenger Vehicle Market by Body
11.4.7.1.3 South Africa Passenger Vehicle Market by Application
11.4.7.1.4 South Africa Passenger Vehicle Market by Fuel Type
11.4.7.2 Saudi Arabia Passenger Vehicle Market
11.4.7.2.1 Saudi Arabia Passenger Vehicle Market by Type
11.4.7.2.2 Saudi Arabia Passenger Vehicle Market by Body
11.4.7.2.3 Saudi Arabia Passenger Vehicle Market by Application
11.4.7.2.4 Saudi Arabia Passenger Vehicle Market by Fuel Type
11.4.7.3 U.A.E Passenger Vehicle Market
11.4.7.3.1 U.A.E Passenger Vehicle Market by Type
11.4.7.3.2 U.A.E Passenger Vehicle Market by Body
11.4.7.3.3 U.A.E Passenger Vehicle Market by Application
11.4.7.3.4 U.A.E Passenger Vehicle Market by Fuel Type
11.4.7.4 Rest of Middle East and Africa Passenger Vehicle Market
11.4.7.4.1 Rest of Middle East and Africa Passenger Vehicle Market by Type
11.4.7.4.2 Rest of Middle East and Africa Passenger Vehicle Market by Body
11.4.7.4.3 Rest of Middle East and Africa Passenger Vehicle Market by Application
11.4.7.4.4 Rest of Middle East and Africa Passenger Vehicle Market by Fuel Type
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Passenger Vehicle Market Overview
11.5.2 South and Central America Passenger Vehicle Market Forecasts and Analysis
11.5.3 South and Central America Passenger Vehicle Market Forecasts and Analysis - By Type
11.5.4 South and Central America Passenger Vehicle Market Forecasts and Analysis - By Body
11.5.5 South and Central America Passenger Vehicle Market Forecasts and Analysis - By Application
11.5.6 South and Central America Passenger Vehicle Market Forecasts and Analysis - By Fuel Type
11.5.7 South and Central America Passenger Vehicle Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Passenger Vehicle Market
11.5.7.1.1 Brazil Passenger Vehicle Market by Type
11.5.7.1.2 Brazil Passenger Vehicle Market by Body
11.5.7.1.3 Brazil Passenger Vehicle Market by Application
11.5.7.1.4 Brazil Passenger Vehicle Market by Fuel Type
11.5.7.2 Argentina Passenger Vehicle Market
11.5.7.2.1 Argentina Passenger Vehicle Market by Type
11.5.7.2.2 Argentina Passenger Vehicle Market by Body
11.5.7.2.3 Argentina Passenger Vehicle Market by Application
11.5.7.2.4 Argentina Passenger Vehicle Market by Fuel Type
11.5.7.3 Rest of South and Central America Passenger Vehicle Market
11.5.7.3.1 Rest of South and Central America Passenger Vehicle Market by Type
11.5.7.3.2 Rest of South and Central America Passenger Vehicle Market by Body
11.5.7.3.3 Rest of South and Central America Passenger Vehicle Market by Application
11.5.7.3.4 Rest of South and Central America Passenger Vehicle Market by Fuel Type
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. PASSENGER VEHICLE MARKET, KEY COMPANY PROFILES
13.1. BMW AG
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. FORD MOTOR COMPANY
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. GENERAL MOTOR COMPANY
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. HONDA MOTOR CO. LTD.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. HYUNDAI MOTOR COMPANY
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MERCEDES-BENZ
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. NISSAN MOTOR COMPANY LTD
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SUZUKI MOTOR CORPORATION
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. TOYOTA MOTOR CORPORATION.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. VOLKSWAGEN AG
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. BMW AG
2. Ford Motor Company
3. General motor Company
4. Honda Motor Co. Ltd.
5. Hyundai Motor Company
6. Mercedes-Benz
7. Nissan Motor Company Ltd
8. Suzuki Motor Corporation
9. Toyota Motor Corporation.
10. Volkswagen AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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