The automobiles and heavy equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automobiles And Heavy Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automobiles and heavy equipment market size has grown strongly in recent years. It will grow from $340.78 billion in 2023 to $373.67 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to industrialization and urbanization, increasing demand for personal transportation, government policies and regulations, rising disposable income and economic growth.
The automobiles and heavy equipment market size is expected to see strong growth in the next few years. It will grow to $527.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to growing demand for electric and hybrid vehicles, adoption of automation and robotics technology, increasing focus on sustainability and energy efficiency, private sector investment and real estate sector growth. Major trends in the forecast period include use of artificial intelligence, advances in technology, supply chain traceability, use of high-resolution imaging radar technology and adoption of automated software solutions.
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Scope Of Automobiles And Heavy Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automobiles And Heavy Equipment Market Overview
Market Drivers –
The growing demand for autonomous transportation is expected to drive the growth of the automobile and heavy equipment trucking markets over the forecast period. An autonomous vehicle utilises a fully automated driving system to enable it to react to external conditions that a human driver would handle. For instance, in January 2022, according to G2.com Inc., a US- corporation specializing in information technology and the internet, the global autonomous vehicle business is increasing at a pace of 16% per year, and over 1,400 self-driving trucks, cars, and other vehicles are being evaluated. Therefore, the growing demand for autonomous transportation drives the growth of the automobile and heavy equipment trucking markets.
The automobiles and heavy equipment market covered in this report is segmented –
1) By Type: Business Services, Managed Services, System Integrator, Other Types
2) By Size: Heavy Trucks, Medium Trucks, Light Trucks
3) By Application: Cars And Light Trucks, Medium And Heavy Trucks, Farm And Construction Equipment, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the automobiles and heavy equipment market in 2023. North America was the second largest region in the automobiles and heavy equipment market. The regions covered in the automobiles and heavy equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the automobiles and heavy equipment market include American Rail Center Logistics, CEVA Logistics, DHL, FedEx Corporation, United Parcel Service Inc., Schneider National Inc., C.H. Robinson, J.B. Hunt Transport Services Inc., Toyota Motor Corporation, Volkswagen Group, Mercedes-Benz Group AG, Ford Motor Company, General Motors Company, Honda Motor Co. Ltd., Bayerische Motoren Werke AG, Nissan Motor Co. Ltd., Fiat Chrysler Automobiles NV, Hyundai Motor Group, Tata Motors Limited, Mitsubishi Motors Corporation, Volvo Group, Isuzu Motors Limited, Mazda Motor Corporation, Suzuki Motor Corporation, Scania AB, PACCAR Inc., Navistar Inc., CNH Industrial NV, Caterpillar Inc., Komatsu Ltd., Deere and Company, Hitachi Construction Machinery Co. Ltd., Liebherr Group, Terex Corporation, Manitowoc Company Inc.
Table of Contents
1. Executive Summary
2. Automobiles And Heavy Equipment Market Report Structure
3. Automobiles And Heavy Equipment Market Trends And Strategies
4. Automobiles And Heavy Equipment Market – Macro Economic Scenario
5. Global Automobiles And Heavy Equipment Market Size and Growth
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31. Global Automobiles And Heavy Equipment Market Competitive Benchmarking
32. Global Automobiles And Heavy Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automobiles And Heavy Equipment Market
34. Automobiles And Heavy Equipment Market Future Outlook and Potential Analysis
35. Appendix
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