“Israel Automotive Market Outlook 2024”
Israel automotive market is segmented on the basis of types of vehicles and fuel type. Types of vehicles segment is further categorized into passenger vehicles, autonomous cars, utility and light commercial vehicles and medium and heavy commercial vehicles. In 2016, total commercial vehicles sales were reported at 15,800 units in Israel. Electric cars are gaining huge popularity owing to its eco-friendly and fleets controlling nature. Over 60% of cars sold annually in Israel majorly go to commercial fleets.
Israel automotive market is projected to reach 21.8 billion in 2024, growing at a notable CAGR during the forecast period. Israeli government are taking initiatives to bring new business prospects for automotive industry. In 2015, Israeli government partnered with the U.S. Transportation Department for the examination and safe deployment of autonomous vehicles.
Transport and Automotive Start-ups: Expanding Israel Autonomous Cars Business
Israel is a leading nation for start-up companies which are expanding their business into artificial intelligence, 3D sensing, machine learning and neuroscience which are likely to play an important role in the development of automotive technologies. Israeli automotive firms are continuously focusing for the development of technologies for autonomous cars which is supported by the investment from leading automakers. For instance, General Motors invested in two Israeli start-ups named Powermat and Sital for diversifying the solutions for automonous cars. Moreover, Argus Cyber Security are offering anti-hacking technology for connected vehicles whereas Otonomo provides solutions which collects data from connected vehicles in order to assist the drivers. Such investments are expected to bring considerable prospects for the Israel automotive sector in the near future.
“Israel Automotive Market 2024” contains detailed overview of the Israel Automotive Market in terms of market segmentation by types of vehicles and by fuel type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Israel Automotive Market also provides competitive outlook of some of the major players of Israel Automotive Market which includes profiling of companies such as General Motors, Arbe Robotics, Ford Motor Company, Toyota, Hyundai, Volkswagen, Daimler, Bosch, Autoliv, Brose Fahrzeugteile GmbH & Co. KG, GETRAG, TRW Automotive, Mitsbushi, Groupe PSA, Valeo, Autotalks, Argus Cybersecurity, Cognata, Cortica, Renault-Nissan, Automotive Industries, Ltd., Softwheel, Aquarius, Autocars Co. Ltd., Haargaz Group, Merkavim Transportation Technologies Ltd, Plasan and Qoros Auto Co., Ltd. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the Israel Automotive Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.