to contract in Q2 2025 (-5.8% YoY) before rebounding in Q3 (+4.9% YoY), due mainly to positive base effects.Hyundai GroupWe now anticipate that Hyundai Group's global production will post flat growth (0% YoY) in 2025. Its longterm outlook, however, has been slightly upgraded to 8.15 mn units (+1.4% CAGR) in the period to 2032.StellantisStellantis’ global output is set to decrease by 7.9% YoY in Q1 2025, brought on by a 5.2% decline in Europe (-...

Market & Tech Reports  Updated at: 2025/04/30

he areas for foreign investors in Changa, Hwaseong. The company is planning to establish a capacity to produce commercial vehicle emission gas control technology products. (From some releases on May 26, 2018) Faurecia announced that by 2025, the Group targets EUR 30 billion of sales, representing a CAGR of above 8% vs. 2020. These sales include EUR 6.8 billion from the new value spaces in sustainable mobility and smart life on board. After three ...

Major Suppliers  Updated at: 2025/04/28

urope and North America, the group is likely to add more hybrid models to better respond to market demand.   Outlook: It is still projected that Hyundai Group's global production will decline in 2024 by 1% YoY. Its long-term growth outlook, however, has been slightly upgraded to 8.05 mn units (+1% CAGR) in the period to 2031.   Hyundai Group’s light vehicle sales forecast (GlobalData, Q4 2024) (Click here to download 78 countries forecast ta...

Market & Tech Reports  Updated at: 2025/04/07

Warner announced that it has offered the growing hybrid and electric commercial vehicle market a broad product portfolio to help meet emissions regulations and fuel economy goals. The hybrid and electric commercial vehicle market is expected to experience a 32.9 percent compound annual growth rate (CAGR), increasing from 49,000 units in 2017 to 115,000 units in 2020. BorgWarner will showcase its broad range of combustion, hybrid and electric tech...

Major Suppliers  Updated at: 2025/04/02

sales from the second half of the year, recording a 29.3% increase y/y to 112,016 units. Guangzhou Automobile Group announced its five-year business strategy for the period from 2016 to 2020 at the Auto Guangzhou 2015. The company intends to achieve annual production and sales of 2.4 million units, CAGR of approx. 12% and sale amount of over CNY 400 billion, aiming to be a leading automaker. GAC Group announced on March 18 that it will make GAC G...

OEM Plants  Updated at: 2025/03/26

s. As such, VW’s global output is predicted to contract in Q1 2025 (-8.1% YoY) and Q2 2025 (-7.6% YoY). Hyundai GroupIt is still projected that Hyundai Group's global production will decline in 2024 by 1% YoY. Its long-term growth outlook, however, has been slightly upgraded to 8.05 mn units (+1% CAGR) in the period to 2031. Renault‐Nissan‐MitsubishiWe estimate that RNM’s global output fell by 1.5% YoY in Q4 2024, contributing to a full-y...

Market & Tech Reports  Updated at: 2025/01/31

pectively. In the short term, electric hybrid demand will grow especially in Europe, giving way post-2027 to BEVs. Investment in advanced battery-cell chemistries is crucial to meeting this shift. Global battery demand for passenger cars and small vans is expected to reach 4 TWh by 2035, with a 14% CAGR globally and 17% CAGR in the UK and Europe. The report highlights the need for investment in Europe’s supply chain for cathode and anode active...

News  Updated at: 2025/01/22

fficiency, permanent magnet synchronous motors (PMSM), and AC induction motors, Chinese domestic motor manufacturers continue to increase investment in research and development to improve their products' global competitiveness. The motor market is projected to grow at a compound annual growth rate (CAGR) of approximately 7.5% over the next several years. Technological innovations, such as improvements in electric drive systems and battery technol...

Market & Tech Reports  Updated at: 2024/11/28

d the production and servicing of engines. The New Technology segment (formerly Green) will focus on e-products and hydrogen combustion engines. By 2030, Deutz aims to achieve total revenue growth of around EUR 4.0 billion. The Solutions segment is expected to grow at a compound annual growth rate (CAGR) of 30%. The New Technologies business is targeted to grow to over EUR 300 million in both areas organically and inorganically, while the Energy ...

Major Suppliers  Updated at: 2024/11/08

echnology and electricity from renewable sources. As part of the Global Battery Alliance, the company is helping to make the battery value chain more sustainable. (From a press release on August 28, 2020) Johnson Matthey announced that its business for fuel cell has grown strongly, with a 38% sales CAGR since 2015. Its customers include major global truck and automotive OEMs and leading players in the important and fast-growing Chinese market. It...

Major Suppliers  Updated at: 2024/11/08

record-high model launches in 2024 aimed at addressing a lack of competitiveness, especially for its BEVs. Hyundai GroupIt is still projected that Hyundai Group’s global production will decline in 2024 by 1% YoY. Its long-term growth outlook has also been slightly lowered to 7.91 mn units (+0.8% CAGR) in the period to 2031. StellantisStellantis’ global output will likely have fallen by 16.0% YoY in Q3 2024 (-258k units), with the steepest de...

Market & Tech Reports  Updated at: 2024/10/29

"transformation of E/E architectures," the "spread of open source and de facto standards," the "spread of Connected and AI," and the "entry of IT players into the automotive industry" are occurring simultaneously.   A survey has revealed that the in-vehicle software market is expected to grow at a CAGR (compound annual growth rate) of 13.6% between 2023 and 2030, and most of the explosive technological innovation will be generated in the digital...

Market & Tech Reports  Updated at: 2024/10/22

s from investing to harvesting phase, and it move from manufacturing just components to components and products / systems involving technologies like AI, IoT and digital Industry 4.0. - Bharat Forge set a transformational vision target for year 2030. It is targeting •    Consolidated revenues CAGR (FY 2022-FY 2030) of 12-15% by creating balanced income streams across components and products / systems •    Consolidated EBITDA margin of ...

Major Suppliers  Updated at: 2024/10/18

d the production and servicing of engines. The New Technology segment (formerly Green) will focus on e-products and hydrogen combustion engines. By 2030, Deutz aims to achieve total revenue growth of around EUR 4.0 billion. The Solutions segment is expected to grow at a compound annual growth rate (CAGR) of 30%. The New Technologies business is targeted to grow to over EUR 300 million in both areas organically and inorganically, while the Energy ...

News  Updated at: 2024/10/10

apita is forecast to climb from USD 12,000 in 2023 to USD 19,000 in 2035. India’s growing young population presents an advantage, but proper education and skill development are essential to fully harness this demographic potential. Overall, we forecast India’s Light Vehicle sales will grow at a CAGR of 4-5% in the next decade, compared to 5-6% in the pre-COVID ten-year period. Passenger Vehicle density is expected to increase from about 44 un...

News  Updated at: 2024/10/02

ng to a contraction of 13.7% YoY in H1 2024. On balance, global build should continue to stabilise in Q3 (+4% YoY) and Q4 (+1.7% YoY). Hyundai GroupWe believe that Hyundai Group's global production will decline by 3% YoY in 2024. We have also cut its long-term growth outlook to 7.93 mn units (+0.8% CAGR) in the period to 2031. StellantisStellantis’ global output will likely have fallen by 10.6% YoY in Q2 2024 (-194k units), with the steepest dr...

Market & Tech Reports  Updated at: 2024/07/26

mix of ICE and BEV today. Other notable vehicle manufacturers using RNC include Tesla, Lexus, Porsche, and Cadillac.   The global market for vehicles shipped with RNC, 2023 vs. 2033. Source: SAR Insight & Consulting   SAR Insight expects the market for vehicles that use RNC to grow at a CAGR of 44% from 2023 to 2033, rising to more than 10 million units shipped per year in 2033.   Premium tier vehicles will account for the majority o...

Market & Tech Reports  Updated at: 2024/07/24

nts in 2030) (Source: Ampere's Capital Market Day (2023.11.15))   In the European EV market by 2030, the B-segment is expected to account for 35% and the C-segment for 40%, with these two segments combined accounting for 75%. Ampere is targeting this market. This market is expected to grow at a CAGR (compound annual growth rate) of 25% between 2023 and 2030.   As the leader in midsize and compact cars in Europe, Renault Group/Ampere is in a ...

Market & Tech Reports  Updated at: 2024/07/12

l vehicle market   The development process of the Chinese commercial vehicle (CV) market can be divided into three phases. The first phase, from 2001 to 2010, was driven by the economy, which experienced rapid growth, with the number of commercial vehicles growing at a compound annual growth rate (CAGR) of 15.6%. The second phase was the period from 2011 to 2020, when regulations were developed and New Energy Vehicles (NEVs: BEVs, PHEVs, and FCV...

Market & Tech Reports  Updated at: 2024/04/30

nounced that its Transportation Systems Forecast sees OEMs adopting turbocharging technology at a rate of 48% of annual global sales by 2021, up 9% from 2016. The projected increase in annual sales of vehicles with a turbo from 38 million today to 52 million in 2021 equates to a 35% increase, or 6% CAGR (compounded annual growth rate) compared with a 2% CAGR for all global industry sales. This annual sales estimate will add more than 232 million ...

Major Suppliers  Updated at: 2024/03/29