The Automotive 48V System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive 48V System Global Market Report 2024, The automotive 48v system market size has grown exponentially in recent years. It will grow from $5.7 billion in 2023 to $7.27 billion in 2024 at a compound annual growth rate (CAGR) of 27.5%. The growth in the historic period can be attributed to fuel efficiency regulations, electrification demands, increasing power demands, conventional 12v system limitations, hybridization trends.
In accordance with The Business Research Company’s Automotive 48V System Global Market Report 2024, the automotive 48V system sector has experienced exponential growth, expanding from $5.7 billion in 2024 to an anticipated $7.27 billion, reflecting an impressive compound annual growth rate (CAGR) of 27.5%. This remarkable surge is attributed to pivotal factors such as stringent fuel efficiency regulations, surging electrification demands, increased power requirements, and the inherent limitations of conventional 12V systems, along with the prevailing trend towards hybridization.
Projections for the automotive 48V system market indicate a continuous upward trajectory, with expectations of reaching $17.8 billion by 2028, demonstrating a noteworthy CAGR of 25.1%. Anticipated growth in this period is driven by rising consumer expectations, the industry’s shift towards electric and hybrid vehicles, sustained demand for enhanced fuel efficiency, increasing market pressure for superior vehicle performance, and heightened regulatory focus on noise reduction. Noteworthy trends in this forecast window encompass a proliferation across diverse vehicle segments, integration of advanced safety systems, ongoing refinement of start-stop technology, the advent of more compact components, and a surge in customization tailored for regional markets.
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The automotive 48v system market covered in this report is segmented –
1) By Type: Mild-Hybrid Vehicles, Low-Power BEVs(Battery Electric Vehicles)
2) By Architecture: Belt Driven(P0),Crankshaft Mounted (P1),Dual-clutch transmission-mounted Or input shaft of transmission(P2/P3),Transmission output shaft Or rear axle (P4) Silicone
3) By Application: Entry-Level Vehicles, Mid-Premium Vehicles, Luxury Vehicles
Top 5 Major Players:
A discernible trend within the automotive 48V system market is the prominence of product innovation. Major industry players are strategically emphasizing the development of groundbreaking products to fortify their market standing. A compelling example is Peugeot, a prominent French automobile brand under the Stellantis umbrella, a Netherlands-based manufacturer of 48V systems and automotive components. In February 2024, Peugeot launched a cutting-edge 48V hybrid powertrain for the 3008 and 5008 models. This innovative hybrid system features a 136hp PureTech petrol engine paired with a 6-speed dual-clutch electrified gearbox, equipped with an integrated electric motor. Notably, this technological marvel contributes to a remarkable 15% reduction in fuel consumption. The hybrid system further empowers the vehicle to initiate, maneuver, and operate in 100% electric mode at moderate speeds, particularly beneficial in congested urban areas. This strategic move underscores the industry’s commitment to advancing sustainable and efficient automotive solutions in response to evolving market demands.
The automotive 48v system market report table of contents includes:
1. Executive Summary
2. Automotive 48V System Market Characteristics
3. Automotive 48V System Market Trends And Strategies
4. Automotive 48V System Market – Macro Economic Scenario
5. Global Automotive 48V System Market Size and Growth
……
32. Global Automotive 48V System Market Competitive Benchmarking
33. Global Automotive 48V System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive 48V System Market
35. Automotive 48V System Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Automotive 48V System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Automotive 48V System Market, Segmentation By Architecture, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Automotive 48V System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……
Table 74: Toyota Motor Corp. Financial Performance
Table 75: Ford Motors Company Financial Performance
Table 76: General Motors Financial Performance
Table 77: Honda Motor Co. Ltd. Financial Performance
Table 78: Robert Bosch GmbH. Financial Performance
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