The automotive market in Germany is expected to grow at a Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2029, reaching an estimated market value of US$ 450 billion by 2029.
Automotive Market in Germany Overview
Making superior & supportable economic value:
Germany, renowned globally for its automotive excellence, continues to lead Europe in both production and sales, supported by its highly capable workforce and cutting-edge technology. The country’s world-class automotive environment fosters significant advancements in mobility, particularly in the fields of data-enabled services, autonomous driving, and connected vehicles.
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Key Developments and Market Dynamics
Germany’s automotive market is experiencing a shift from traditional vehicle sales to more innovative, mobility-as-a-service models. By 2030, it is projected that European automotive profits from customer spending will nearly double, from EUR 850 billion in 2016 to EUR 1,400 billion. The surge will be fueled by growing demand for shared mobility services, connected vehicles, and intelligent transport solutions.
According to the latest study by MMR, the share of data-enabled services and shared mobility is expected to rise dramatically, from a mere 0.2% of automotive revenues to 27% by 2030. This transition is accompanied by investments in cutting-edge technologies like AI software for autonomous vehicles and battery management systems, which are key industry control points for future success.
Electric Mobility: Germany’s Vision for the Future
In a bold move to secure a sustainable automotive future, the German government has allocated EUR 130 billion in stimulus funds to promote electric vehicles (EVs). Incentives include EUR 6,000 subsidies for each battery electric vehicle purchased, with an additional EUR 3,000 from car manufacturers. This initiative is part of a broader effort to reduce carbon emissions and increase the adoption of EVs across Europe.
Germany’s commitment to electric mobility is reinforced by the goal of having all new vehicles be electric by 2030. This will effectively phase out the sale of gas-powered cars, accelerating the transformation toward a greener, more sustainable future. Major automakers such as Mercedes-Benz and BMW are already pushing forward with the launch of their electric vehicle models, aligning with the government’s ambitious targets.
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Strategic Mergers and Acquisitions in the Automotive Industry
The global automotive market is also witnessing key mergers and acquisitions, especially in the electric vehicle and autonomous driving sectors. Recent activity includes the acquisition of advanced technology firms in countries such as Vietnam, Thailand, Singapore, Japan, South Korea, the United States, and several European nations, with a focus on enhancing capabilities in AI, autonomous driving, and battery development.
For instance, Germany’s leading automotive company, Volkswagen AG, has made significant investments in new technologies through partnerships and acquisitions, further strengthening its position in the global EV market. Similarly, Mercedes-Benz has accelerated its electric vehicle production capabilities through the acquisition of cutting-edge battery technology firms.
Key Players in Germany’s Automotive Market
The automotive landscape in Germany is dominated by several major players, including Volkswagen AG, Mercedes-Benz Group AG, BMW AG, and MAN SE, among others. These companies are leveraging innovation to stay ahead in the highly competitive global market. Volkswagen and BMW have made substantial strides in electric vehicle production, while companies like MAN SE and Ford Germany are focusing on enhancing commercial vehicle offerings.
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Automotive Market in Germany Segmentation
by Type
Passenger Vehicles
Commercial Vehicles
Automotive Market in Germany Key Players
1. Volkswagen AG
2. Mercedes-Benz Group AG
3. BMW AG
4. MAN SE
5. Ford Germany
6. AUDI AG
7. TRATON SE
8. Apollo Automobile
9. Borgward
10. KIRCHHOFF Automotive Germany GmbH
11. Opel
12. Neoplan
13. Porsche
14. Iveco
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Key questions answered in the Automotive Market in Germany are:
- How has the Automotive Market in Germany performed so far and how will it perform in the coming years?
- What is the market segmentation of the global Automotive Market in Germany?
- What is the regional breakup of the global Automotive Market in Germany?
- What are the price trends of various feedstocks in the Automotive Market in Germany industry?
- What is the structure of the Automotive Market in Germany industry and who are the key players?
- What are the raw material requirements for setting up aAutomotive Market in Germany processing plant?
- What are the packaging requirements for setting up aAutomotive Market in Germany processing plant?
Key Offerings:
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
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