Automotive

WHAT'S NEXT?: Automated vehicles could lead to a significant increase in vehicle-sharing and a significant reduction in the size of the global vehicle fleet, emissions, travel time, associated infrastructure and costs. By 2030, electric vehicles could represent about 30 percent of all new cars sold globally. Future connected car applications will drive a 150% increase in demand for contextual information between now and 2020.

[New] Gasoline and diesel demand are forecast from a proprietary road vehicle model, with an electric vehicle market penetration of 60% of new vehicle sales in 2040.
[New] Given the further slowdown in light of COVID-19, U.S. new vehicle sales in 2020 are expected to account for 5% or less of all vehicles on the road in 2020.
[New] Exports of Automotive Tires & Tubes in the United States is expected to be USD 273.10 Million by the end of this quarter.
[New] Because of the fast development of electric vehicle technology and the increasing demand for electric vehicles, the global market of LIBs is predicted to keep increasing to USD 93.1 billion by 2025.
[New] Around 2024, the SDT market is expected to reach the commercialization stage, with driverless vehicles seeing increased usage in the urban environment and reaching a significant share of vehicle sales across different verticals.
[New] General Motors plans to install 2,700 new electric-vehicle chargers in the U.S. in order to boost demand for battery-powered cars and compete with Tesla in the EV auto market.
[New] With China responsible for all global lithium chemical production, expect global automotive companies will increasing seek alternative supplies to China.
[New] Electric vehicle production is expected to reach 23 million units by 2030, up from 5.1 million in 2018, fuelling demand for battery production.
[New] China, the world's second largest economy, is forecast to reach a projected Automotive Electric Drive Axle market size of US$ 1.8 Billion by the year 2027 trailing a CAGR of 39.5% over the analysis period 2020 to 2027.
[New] With automotive manufacturers such as Nissan planning to sell at least 1 million electric vehicles annually by 2022, and Audi set to reach 800,000 by 2025, it is clear that the electrification of vehicles is gathering momentum in the mobility sector.
[New] In the Sustainable Development Scenario, the global electric vehicle stock grows by 36% annually, reaching 245 million vehicles in 2030 - more than 30 times above today's level.
[New] IHS Markit lowered its global auto sales forecast in early April, with worldwide vehicle sales expected to decline 22% in 2020 to 70.3 million units.
[New] By 2025, Beijing wants home-grown carmakers to command 80% of China's electric vehicle market, according to the government's Made in China 2025 industrial master plan.
[New] US new vehicle sales in 2020 are expected to account for 5% or less of all vehicles on the road in 2020.
[New] Vehicles with internal combustion engines will continue to dominate the automotive market through 2030, possibly even 2040.
[New] A focus on the manufacture of electric vehicles and associated technologies could increase employment in the UK's automotive sector by almost a third - from 170,000 to 220,000 by 2040.
[New] Amid the COVID-19 crisis, the global market for Automotive Electric Drive Axle estimated at US$ 1 Billion in the year 2020, is projected to reach a revised size of US$7.1 Billion by 2027.
[New] The vehicle RFID tag market is poised to grow by 26.32 million units during 2020-2024, progressing at a CAGR of about 7% during the forecast period.
Two new designs of vehicle for Waitrose.com food deliveries and for small John Lewis orders will be trialled early next year, with plans to switch 1,700 delivery vehicles over to electric in 2021.
Autonomous vehicle sales to surpass 33 million annually in 2040, enabling new autonomous mobility in more than 26% of new car sales.
Estimates put 5G as contributing up to USD 12.3 trillion to global economic output over the next decade - The global autonomous vehicle market is projected to grow to USD 556.67 billion by 2026, with an expected CAGR of 39.47% from 2019 to 2026.
Within Europe, Germany is forecast to grow at approximately 8.6% CAGR while Rest of European automotive e-tailing market will reach US$ 14.9 Billion by the year 2027.

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Last updated: 15 August 2020