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Europe Automotive Vehicle Market Forecast 2021-2030, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis

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  • 85 Pages
  • October 2021
  • Region: Europe
  • Renub Research
  • ID: 5459132
The European automotive industry has been booming and has become a global leader and driver of Europe's growth and prosperity. In recent years, the European automobile sector has ascended to the top of the worldwide industry. Moreover, the European automotive industry has achieved record sales and is a significant employer and a source of considerable grant making in European society. According to the publisher, European Automotive Vehicle Market is expected to reach 21.59 Million Units by 2030

Notwithstanding, the automotive industry has brought Europe freedom and access from mobility while making it increasingly time-efficient, safer, and more affordable. The automotive sector also contributes to environmental welfare. At the same time, the industry is thriving in keeping the disturbing impact on the environment of the steep hike in numbers of cars on the road in check, mainly through effective emission reductions. Also, the automotive sector seems to be a strong industry with attractive job opportunities and a growth engine of Europe's economy. Hence, the industry is economically robust but with a clear gap to highly profitable sectors

Mild Hybrid Vehicle is expected to provide Significant Growth over the Next Decade in European Automobile Industry

Furthermore, the European automotive industry is uniquely situated to become a centre for developing, testing, and eventually adopting new mobility technologies. By Category, the European automobile industry's principal categories include Electric Vehicle (EV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Mild Hybrid Vehicle (MHEV), Natural Gas Vehicle (NGV), Fuel Cell Electric Vehicle (FCEV), Diesel Vehicle and Petrol Vehicle. The MHEV market is dominant, increasing, and expected to provide significant growth over the next decade. In Europe, PHEVs are expected to almost completely replace pure internal combustion engine (ICE) vehicles in the future. Moreover, MHEVs will play a significant role in a balanced powertrain portfolio for the next decade

Europe Automobile Market Size is expected to grow with a CAGR of 3.38% from 2020 to 2030

Remarkably, the regions and players in the conventional automotive set are also obtaining momentum, and a growing wave of technological megatrends is redefining versatility. Even the core competencies for future prosperity are changing rapidly. In the coming years, European automotive players will require to develop these competencies and manage an employment transition to sustain their position at the vanguard of the industry

In addition, the Europe automobile sector is expected to stay ahead in the changing competitive landscape, and therefore leaders will need to make some complex decisions. Above all, a shared vision concerning the European automotive sector's positioning is necessary as well. The automotive passenger vehicles as a cornerstone for individual mobility and the commercial, automotive vehicle as the backbone of the European economy contribute tremendously to society, environment, economic welfare, and growth in Europe

Coronavirus devastating effect on European Automotive Vehicle Industry

European car markets are gracing to deceive as sales promotions look good but only when contrasted with 2020, smashed by the shock of coronavirus shutdowns and short-term economic disaster. Our analysis expects a solid recovery as the year progresses and coronavirus vaccinations become ubiquitous. At the same time, apprehensions about the impact of the coming wave of Covid infections and a chip shortage remain in the background until the world is ultimately set free from the virus

Europe Automotive Market was 15.49 Million Units in 2020

As per our analysis, over the following years and decades, the automotive industry will undergo a disruptive transformation towards a mobility industry. Many forces within and from outside the industry will try to transform the sector. The automotive ecosystem will open up, new players will enter, and industry boundaries will become fluid or disappear. In other words, we are going to see a global industry reshuffle

The Europe Automotive Vehicles Market is consolidated with several international players. The major players are Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company. These players make joint ventures, partnerships and launch new products with advanced technology to dominate their competitors. For instance, in 2020, Toyota launched KINTO, a single brand for mobility services in Europe. Similarly, in 2021, Ford announced a new strategy to go all-electric in Europe by 2030.

This report titled Europe Automotive Vehicle Market, By Category (EV Volume, HEV Volume, PHEV Volume, MHEV Volume, NGV Volume, FCEV Volume, Diesel Volume and Petrol Volume), Company (Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company) provides a detailed analysis of Europe Automotive Vehicle Market.

By Category - Europe Automotive Volume have been covered from 8 viewpoints:

1. Electric Vehicle (EV)
2. Hybrid Electric Vehicle (HEV)
3. Plug-in Hybrid Electric Vehicle (PHEV)
4. Mild Hybrid Electric Vehicle (MHEV)
5. Natural Gas Vehicle (NGV)
6. Fuel Cell Electric Vehicle (FCEV)
7. Diesel Vehicle
8. Petrol Vehicle

Company Insights:

  • Overview
  • Recent Development & Strategies
  • Financial Insights

Company Analysis:

1. Volkswagen
2. Toyota Motor Corporation
3. Daimler AG
4. Ford Motor Company
5. Honda Motor Company

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Europe Automotive Market
6. Volume Share
6.1 By Categories
7. Category - Europe Automotive Volume
7.1 Electric Vehicle (EV) Volume
7.2 Hybrid Electric Vehicle (HEV) Volume
7.3 Plug-in Hybrid Electric Vehicle (PHEV) Volume
7.4 Mild Hybrid Vehicle (MHEV) Volume
7.5 Natural Gas Vehicle (NGV) Volume
7.6 Fuel Cell Electric Vehicle (FCEV) Volume
7.7 Diesel Vehicle Volume
7.8 Petrol Vehicle Volume
8. Company Analysis
8.1 Volkswagen
8.1.1 Overview
8.1.2 Recent Development
8.1.3 Financial Insights
8.2 Toyota Motor Corporation
8.2.1 Overview
8.2.2 Recent Development
8.2.3 Financial Insights
8.3 Daimler AG
8.3.1 Overview
8.3.2 Recent Development
8.3.3 Financial Insights
8.4 Ford Motor Company
8.4.1 Overview
8.4.2 Recent Development
8.4.3 Financial Insights
8.5 Honda Motor Company
8.5.1 Overview
8.5.2 Recent Development
8.5.3 Financial Insights
List of Figure:
Figure-01: Europe Automotive Volume (Million Units), 2017 - 2020
Figure-02: Forecast for - Europe Automotive Volume (Million Units), 2021 - 2030
Figure-03: Category - EV Volume (Thousand Units), 2017 - 2020
Figure-04: Category - Forecast for EV Volume (Thousand Units), 2021 - 2030
Figure-05: Category - HEV Volume (Thousand Units), 2017 - 2020
Figure-06: Category - Forecast for HEV Volume (Thousand Units), 2021 - 2030
Figure-07: Category - PHEV Volume (Thousand Units), 2017 - 2020
Figure-08: Category - Forecast for PHEV Volume (Thousand Units), 2021 - 2030
Figure-09: Category - MHEV Volume (Thousand Units), 2017 - 2020
Figure-10: Category - Forecast for MHEV Volume (Thousand Units), 2021 - 2030
Figure-11: Category - NGV Volume (Thousand Units), 2017 - 2020
Figure-12: Category - Forecast for NGV Volume (Thousand Units), 2021 - 2030
Figure-13: Category - FCEV Volume (Thousand Units), 2017 - 2020
Figure-14: Category - Forecast for FCEV Volume (Thousand Units), 2021 - 2030
Figure-15: Category - Diesel Vehicle Volume (Thousand Units), 2017 - 2020
Figure-16: Category - Forecast for Diesel Vehicle Volume (Thousand Units), 2021 - 2030
Figure-17: Category - Petrol Vehicle Volume (Thousand Units), 2017 - 2020
Figure-18: Category - Forecast for Petrol Vehicle Volume (Thousand Units), 2021 - 2030
Figure-19: Volkswagen - Global Revenue (Billion US$), 2017 - 2020
Figure-20: Volkswagen - Forecast for Global Revenue (Billion US$), 2021 - 2030
Figure-21: Toyota Motor Corporation - Global Revenue (Billion US$), 2017 - 2020
Figure-22: Toyota Motor Corporation - Forecast for Global Revenue (Billion US$), 2021 - 2030
Figure-23: Daimler AG - Global Revenue (Billion US$), 2017 - 2020
Figure-24: Daimler AG - Forecast for Global Revenue (Billion US$), 2021 - 2030
Figure-25: Ford Motor Company - Global Revenue (Billion US$), 2017 - 2020
Figure-26: Ford Motor Company - Forecast for Global Revenue (Billion US$), 2021 - 2030
Figure-27: Honda Motor Company - Global Revenue (Billion US$), 2017 - 2020
Figure-28: Honda Motor Company - Forecast for Global Revenue (Billion US$), 2021 - 2030
List of Tables:
Table-01: Europe Automotive Volume Share by Category (Percent), 2017 - 2020
Table-02: Forecast for - Europe Automotive Volume Share by Category (Percent), 2021 - 2030

Companies Mentioned

  • Volkswagen
  • Toyota Motor Corporation
  • Daimler AG
  • Ford Motor Company
  • Honda Motor Company


In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts