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2020-03-18
790
Germany
Germany is acknowledged across the globe for its exceptional automotive industry and superiority in engineering. From Asia to the Americas, the German cars represent highly appreciated values of innovation, dependability, safety, and design. Further, the country’s outstanding R&D infrastructure, complete industry value chain incorporation and highly skilled workforce build an internationally superior automotive environment. Germany is Europe’s largest automotive industry in terms of production and sales of automobiles. Germany accounts for nearly 30% of passenger cars manufacturing and almost 20% of new vehicle registration. Germany is also the global leader in vehicle production with over 15 million vehicles produced in 2015 or 19% of the total vehicles manufactured across the globe.
German automotive industry accounted for approximately USD 322.0 billion in 2015 generated from foreign markets. Germany’s automotive industry is also one of the most innovative industries with R&D investments amounting to USD 24.1 billion in 2014. Moreover, the huge R&D expenditure over new innovative technologies such as autonomous vehicles and Electric vehicles the German automotive industry is likely to gain huge momentum in coming years. Additionally, the government is also supporting the development of self-driving vehicles in Germany. Government initiatives and under new legal frameworks semi-autonomous cars are ready to hit the road for prototype testing so that German OEMs can develop and work on prototypes in their homeland.
Goldstein Market Intelligence analyst forecast the Automobile Industry in Germany is likely to grow at a CAGR of around 4% during the forecast period 2017-2030. The German automotive industry documented total revenue of approximately USD 495.9 billion in 2015, which is equivalent to the 10% increase of revenue in 2014.
The report covers the present ground scenario and the future growth prospects of the Germany automotive industry for 2017-2030 along with the total sales of automobiles in the country and international markets, and the total revenue from aftermarkets, service providers, and automotive components industry. We calculated the market size and revenue share on the basis of revenue generated from the sales of automobile and component manufacturers across Germany. The Germany automobile market is also compared with its peer countries in the region for an enhanced understanding of the present position of the industry. Further, regional and global trends in the automotive industry are also comprised in the research publication.
German Automotive Market Report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Germany automotive industry market. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Germany automotive industry report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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