Go green at large as a major trend has been gaining more and more importance as a design concept for the automobile industry. The industry is at a point where the complexity, the cost of technology, market dimensions and market positioning are determ ....see more
The connected car security market is expected to grow from USD 3.37 billion in 2025 to USD 6.99 billion in 2032, at a compound annual growth rate (CAGR) of 11.0% during the forecast period. The Key Players NXP Semiconductors (Netherlands), AUMOVIO SE (Germany), Harman International (US), Vector Informatik GmbH (Germany), BlackBerry Limited (Canada), Thales (France), ARM Limited (UK), WirelessCar (Sweden), Astemo Ltd. (Japan), and Keysight Technologies (US).
The SUV market is expected to grow from USD 1,180.30 billion in 2025 to USD 1,673.57 billion by 2032, at a compound annual growth rate (CAGR) of 5.1% during the forecast period. The Key Players Toyota Motor Corporation, Volkswagen AG, Hyundai Motor Company, General Motors, and Stellantis.
The global logistics spending market is expected to grow from USD 9.4 trillion in 2024 to USD 23.0 trillion in 2035, at a compound annual growth rate (CAGR) of 8.4% during the forecast period. The Key Players DHL Group (Germany), FedEx Express (US), Maersk (Denmark), JDL Group (U.S.), ShipBob (U.S.), WebExpress (Russia), Blackbuck (India), Streebo (U.S.), IBM (U.S.)
The recreational boat market is expected to grow from USD 15.96 billion in 2025 to USD 24.64 billion by 2032, at a compound annual growth rate (CAGR) of 6.4% during the forecast period. The Key Players Brunswick Corporation (US), Yamaha Motor Corporation (Japan), Groupe Beneteau (France), Malibu Boats (US), MasterCraft Boat Company (US), Sunseeker International (UK), and Ferretti Group (Italy).
The electric 3 wheeler market is expected to grow from USD 2.68 billion in 2025 to USD 3.85 billion by 2032, at a compound annual growth rate (CAGR) of 5.3% during the forecast period. The Key Players Mahindra & Mahindra Ltd. (India), YC Electric Vehicle (India), Saera Electric Auto Pvt. Ltd. (India), Piaggio Group (Italy), and Bajaj Auto Ltd. (India).
The global rubber tracks market is expected to grow from USD 1.04 billion in 2025 to USD 1.63 billion by 2032, at a compound annual growth rate (CAGR) of 6.6% during the forecast period. The Key Players Bridgestone Corporation (Japan), Camso (Canada), McLaren Industries Inc. (US), Global Track Warehouse (US), and Soucy (Canada).
The automotive suspension market is expected to grow from USD 39.91 billion in 2025 to USD 42.43 billion by 2032, at a compound annual growth rate (CAGR) of 0.9%. during the forecast period. The Key Players Continental AG (Germany), ZF Friedrichshafen AG (Germany), ThyssenKrupp AG (Germany), KYB Corporation (Japan), and Tenneco Inc. (US).
The battery passport market is expected to grow from USD 0.15 billion in 2025 to USD 2.35 billion by 2035, at a compound annual growth rate (CAGR) of 32.1% during the forecast period. The Key Players Minespider GmbH (Germany), AVL (Austria), Siemens (Germany), Circulor (UK), and Optel Group (Canada).
The electric two wheeler market is expected to grow from USD 4.78 billion in 2025 to USD 9.71 billion by 2032, at a compound annual growth rate (CAGR) of 10.6% during the forecast period. The Key Players OLA Electric (India), Bajaj Auto Ltd. (India), TVS Motor Company (India), Ather Energy (India), Yadea Technology Group Co.,Ltd. (China),GOGORO (Taiwan), HERO ELECTRIC (India), Vmoto Limited (Australia),Niu International (China), Jiangsu Xinri E-Vehicle Co., Ltd. (China), Ideanomics, Inc. (US), Askoll EVA S.p.A. (Italy).
The REEV market is projected to grow from 1.2 million units in 2024 to 3.2 million units by 2030, at a CAGR of 17.1% . BYD (China), Li Auto (China), Deepal (China), Leapmotor (China), AITO (China), Avatr (China), IM (China), Xiaomi (China), Chery (China), Buick (US), Jeep (US), Ram (US), Chevrolet (US), Scout (US), BMW (Germany), Volkswagen (Germany), Honda (Japan), Nissan (Japan) are top companies in REEV market
The EV semiconductors market is projected to grow from USD 24.09 billion in 2025 to USD 57.48 billion in 2032 at a CAGR of 9.1%. The major players in the EV semiconductors market include Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), NXP Semiconductors (Netherlands), Texas Instruments Incorporated (US), and Renesas Electronics Corporation (Japan).
The automotive rubber seals market is estimated to grow from USD 8.40 billion in 2025 to USD 10.74 billion by 2032, with a CAGR of 3.6%. The automotive rubber seals market is dominated by established players, including Cooper Standard Automotive (US), Toyoda Gosei Co., Ltd. (Japan), Hutchinson (France), Nishikawa Rubber Co., Ltd. (Japan), and SaarGummi Automotive (Germany). These companies manufacture and develop new automotive rubber seals, have R&D facilities, and offer best-in-class products to their customers.
The global forklift market is projected to grow at a CAGR of 6.5% during the forecast period, from an estimated market size of USD 91.19 billion in 2025 to USD 141.32 billion by 2032. The report profiles key players such as Toyota Industries Corporation (Japan), Kion Group AG (Germany), Jungheinrich AG (Germany), Crown Equipment Corporation (US), and Mitsubishi Logisnext Co Ltd (Japan). These companies adopted new product development and supply contract strategies to gain traction in the forklift market.
The global heavy equipment telematics market is projected to grow from USD 1.33 billion in 2025 to USD 3.21 billion by 2032, at a CAGR of 13.4% during the forecast period. The report profiles key players, including Samsara Inc. (US), Trimble Inc. (US), Geotab Inc. (US), ORBCOMM (US), and CalAmp Corp. (US). These companies adopted new product/service development, as well as supply contract strategies, to gain traction in the heavy equipment telematics market.
The rolling stock market is projected to grow from USD 30.94 billion in 2025 to USD 41.79 billion by 2032, at a CAGR of 4.4%. Some of the major players in the rolling stock market with significant global presence include CRRC Corporation Limited (China), Siemens AG (Germany), Alstom SA (France), Stadler Rail AG (Switzerland), and Wabtec Corporation (US).
The plug-in electric vehicle market is projected to grow from USD 698.63 billion in 2025, and reach USD 1,189.59 billion in 2035, growing at a CAGR of 5.5%. The major players in the electric vehicle market include BYD Company Ltd. (China), Tesla (US), Zhejiang Geely Holding Group (China), Volkswagen Group (Germany), and General Motors (US). These companies offer various electric vehicles and have strong global distribution networks. Companies are also actively launching new products and collaborating with other players to expand their market presence. In August 2025, General Motors (US) announced that it will be temporarily importing EV batteries from CATL (China) to support production of its affordable EV models, including the upcoming Chevrolet Bolt.
The lawn mower market is projected to reach USD 36.33 billion by 2032, from USD 23.97 billion in 2025, at a CAGR of 6.1%. The lawn mower market is dominated by established players such as Deere & Company (US), Husqvarna AB (Sweden), Stanley Black & Decker, Inc. (US), The Toro Company (US), Kubota Corporation (Japan), among others. These companies manufacture and develop new connectors. They have also set up R&D facilities and offer best-in-class products to their customers.
The global bidirectional charging market is projected to grow from USD 70.0 million in 2025 to USD 844.1 million by 2035, at a CAGR of 28.3%. The bidirectional charging market is dominated by established players such as Wallbox Chargers (Spain), NUVVE Holding Corp (US), Siemens (Germany), ABB (Switzerland), and Zaptec AS (Norway). These companies have the advantage of early bidirectional charger development, along with partnerships with OEMs for supplying compatible bidirectional chargers. These companies have set up R&D facilities and offer best-in-class products to their customers.
The HD maps for autonomous driving market is projected to grow from USD 1.09 billion in 2025 to USD 2.19 billion by 2032 at a CAGR of 10.5%. HD maps provider companies, such as NVIDIA Corporation (US), Waymo LLC (US), Mapbox (US), and Luminar Technologies Inc. (US), have a presence in the region. These companies are developing advanced HD mapping technologies, forming strategic partnerships with OEMs, and deploying real-time map updates to support autonomous driving systems, accelerating market adoption in North America.
The electric bus market is projected to grow from USD 23.80 billion in 2025 to USD 59.60 billion by 2032 at a CAGR of 14.0%. Government subsidies and funding from local and national transit agencies are making large-scale adoption of electric buses financially sustainable worldwide. The report profiles key players such as BYD Company Ltd. (China), Yutong Co., Ltd. (China), Xiamen King Long (China), CRRC Corporation Limited (China), and Daimler Truck AG (Germany). These companies adopted new product development and supply contract strategies to gain traction in the electric bus market.
The global vehicle electrification market is projected to grow from USD 51.84 billion in 2025 to USD 83.87 billion by 2032 at a CAGR of 7.1% driven by the accelerating adoption of electric and hybrid vehicles worldwide. The vehicle electrification market comprises major manufacturers such as Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), BorgWarner Inc. (US), and Aptiv (Ireland). These companies have strong distribution networks at a global level and offer an extensive product range. These companies adopt strategies such as product developments, expansions, collaborations, and contracts & agreements to sustain their market position.
The global robotaxi market is projected to reach USD 105 billion by 2035, registering a CAGR of 70% from 2024 to 2035. The robotaxi market is moving from small pilots to large-scale deployment, driven by better tech and regulations, with growing OEM–tech partnerships and clearer safety frameworks speeding up commercialization. Major cities such as Wuhan, San Francisco, Phoenix, and Beijing are projected to become key robotaxi hubs by 2035, driven by factors such as tech advancements and cost savings, a growing stakeholder ecosystem, regulatory environment, and autonomy-as-a-service model.
The global connected motorcycle market is projected to expand from USD 0.46 billion in 2025 to USD 3.40 billion by 2032, registering a CAGR of 33.1%. The connected motorcycle market is dominated by major players, such as Honda (Japan), Yamaha Motor Co. (Japan), BMW Motorrad (Germany), Ducati (Italy), KTM AG (Austria), Harley-Davidson/LiveWire (US), Bosch (Germany), Continental (Germany), Qualcomm (US), NXP Semiconductors (Netherlands), Sibros (US), HERE Technologies (Netherlands), and TomTom (Netherlands). These companies provide connected dashboards, telematics control units, eSIM hardware, OTA and cybersecurity stacks, mapping, navigation, and fleet telematics services.
The automotive test equipment market is expected to reach USD 4.79 billion by 2032 from USD 3.66 billion in 2025 at a CAGR of 3.9%. The automotive test equipment market is dominated by established players such as AVL (Austria), Horiba, Ltd.(Japan), Robert Bosch GmbH (Germany), Phinia Inc.(US), and Illinois Tool Works Inc. (US). These companies manufacture and develop new connectors. They have also set up R&D facilities and offer best-in-class products to their customers.
The electronic parking brake (EPB) system market is projected to reach USD 4.70 billion by 2032 from USD 2.51 billion in 2025 at a CAGR of 9.4%. The electronic parking brake system market is dominated by key players, such as ZF Friedrichshafen AG (Germany), Continental AG (Germany), Astemo, Ltd. (Japan), Brembo N.V. (Italy), and ADVICS Co., Ltd. (Japan). These players have a global distribution network across Asia Pacific, North America, and Europe.
The global automotive bearing market for EVs is projected to rise from USD 5.81 billion in 2025 to USD 12.82 billion by 2032, at a CAGR of 11.97%. The automotive bearing market is dominated by established players such as NSK Ltd. (Japan), NTN Corporation (Germany), The Timken Company (USA), JTEKT Corporation (Japan), and Nachi Fujikoshi (Japan). These players manufacture and supply automotive bearings for electric vehicles and ADAS, setting up R&D facilities and offering best-in-class products to their customers.
The fluid transfer system market is expected to reach USD 6.77 billion in 2032, from USD 2.70 billion in 2025, with a CAGR of 14.0%. The major players in the fluid transfer system market include Cooper Standard (US), TI Fluid Systems (UK), Sumitomo Riko Company Limited (Japan), Parker Hannifin Corp (US), and Gates Corporation (US). These companies offer various fluid transfer system products and solutions and have strong global distribution networks. They are also launching new products and collaborating with other players to expand their market presence.
South-East Asia e-axle market for electric two-wheelers is expected to reach USD 584 million by 2032, from USD 227 million in 2025, with a CAGR of 14.45%. The ecosystem analysis highlights various players represented by raw material suppliers, component Suppliers, Battery Pack Manufacturers, charging Infrastructure Providers, and OEMs. Few major two-wheeler e-axle manufacturers include Musashi Seimitsu Industry Co., Ltd. (Japan), Delta Electronics (Taiwan), Toyota Tsusho Corporation (Japan), Rotontek (China), and JK Fenner (India).
The vehicle subscription services market is expected to grow from USD 4,822.8 million in 2024 to USD 22,008.3 million by 2035, with a CAGR of 13.6%. Miles Mobility (Germany), FINN (Germany), Autonomy (US), Free2Move (Germany), Myle (India), Drivalia (UK), REVV (India), LeasePlan (Germany), Mocean Subscription (Germany), and Ezoo (UK) are keyplayers in vehicle subscription services market.
The global ebike market size is valued at USD 54.12 billion in 2025 and is expected to reach USD 87.15 billion by 2032, growing at a CAGR of 7.0% from 2025 to 2032. Major players operating in the Asia Oceania electric bike market are Giant Manufacturing Co. Ltd (Taiwan), Hero Lectro (India), TAV Systems (Australia), Yamaha Motor Company (Japan), Merida Industry Co. (Taiwan), and Emotorad (India)
The global LiDAR simulation market is projected to reach USD 4.01 billion by 2032, growing from USD 0.93 billion in 2025, at a CAGR of 23.1%. The LiDAR simulation market is dominated by major players, such as Dekra (Germany), AVL (Austria), Valeo (France), RoboSense (China), Luminar Technologies (US), Vector Informak GmbH (Germany), Applied Intuition (US), Cognata (Israel), dSpace GmbH (Germany), and IPG Automotive GmbH (Germany). These companies offer LiDAR simulation platforms, have their testing centers in-house, and have strong distribution networks at the global level. They have adopted product launches, expansion, and more strategies to gain traction in the LiDAR simulation market.
The Forecourts Market is projected to grow from USD 7.0 billion in 2024 to USD 316.7 billion by 2035 at a CAGR of 37.3%. Major Companies covered the forecourts market are as GRIDSERVE (UK), Motor Fuel Group (MFG) (UK), Rontec (UK), ENILIVE, Circle K (US), SHELL RECHARGE (US), ELECTRIFY AMERICA (US), Audi AG (Germany).
The electric light commercial vehicle (eLCV) market is projected to reach USD 116.60 billion in 2032 from USD 24.49 billion in 2025 at a CAGR of 25.0%. The electric light commercial vehicle market is dominated by established players such as Wuling Motors Holdings Limited. (China), Ford Motor Company (US), General Motors (US), Stellantis NV (Netherlands), and Renault (France).
The second life EV battery market is estimated at ~25-30 GWH in 2025 and is projected to reach ~330-350 GWH in 2030 at a CAGR of ~65% during the forecast period. The major players in the second life EV battery market include Tesla, Volvo, Toyota Motor Corporation, BMW Group, Nissan Motor Corporation, Connected Energy, B2U Storage Solutions, and Rejoule.
The automotive telematics market is projected to grow from USD 10.02 billion in 2025 to USD 16.72 billion by 2032 at a CAGR of 7.6%. The automotive telematics market is dominated by major players, including LG Electronics (South Korea), HARMAN International (US), Denso Corporation (Japan), Continental AG (Germany), Robert Bosch GmbH (Germany), Aptiv (Ireland), Valeo (France), Visteon Corporation (US), Marelli Holdings Co., Ltd. (Japan), Infineon Technologies AG (Germany), Ficosa Internacional, S.A. (Spain), CalAmp (US), Qualcomm Technologies, Inc. (US), AddSecure (Sweden), and Trimble Inc. (US).
The global wireless charging market for electric vehicles is projected to grow from USD 0.09 billion in 2025 to USD 1.12 billion by 2032 at a CAGR of 43.8%. The wireless charging market for electric vehicles is dominated by established players such as WiTricity Corporation (US), InductEV Inc. (US), ENRX (Norway), Plugless Power Inc. (US), and HEVO Inc. (US). These companies develop and supply wireless charging solutions for electric vehicles, ranging from factory-integrated systems to high-power fleet infrastructure. These companies have set up R&D facilities and offer best-in-class products to their customers.
The global electric vehicle tires market size is projected to grow from USD 11.21 billion in 2025 to USD 27.36 billion by 2032, at a CAGR of 13.6%. The electric vehicle tires market is dominated by global players such as Michelin (France), Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Corporation (US), Continental AG (Germany), and Pirelli & C. SpA (Italy), Sumitomo Rubber Industries, Ltd. (Japan), among others. These companies have adopted product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The EV connector market is expected to reach USD 8.80 billion by 2032, from USD 2.73 billion in 2025, with a CAGR of 18.2%. The EV connector market is dominated by established players such as TE Connectivity Ltd. (Ireland), Aptiv (Ireland), Yazaki Corporation (Japan), Molex (US), and Hirose Electric Co., Ltd. (Japan), among others. These companies manufacture and develop new connectors. They have also set up R&D facilities and offer best-in-class products to their customers.
The electric construction equipment market is projected to reach USD 6.07 billion by 2032, from USD 2.45 billion in 2025, with a CAGR of 13.8%. Major players operating in the electric construction equipment market are Caterpillar Inc. (US), Komatsu Ltd. (Japan), Volvo Construction Equipment (Sweden), Hitachi Construction Machinery Co., Ltd. (Japan), JCB (UK), Epiroc AB (Sweden), Sandvik AB (Sweden), Liebherr (Germany), Doosan Group (South Korea), Soletrac Inc. (US), and Dana Limited (US).
The electro hydraulics market for off-highway equipment is projected to grow from 92,501 units in 2025 to 234,487 units by 2032 at a CAGR of 14.2%. Europe is projected to account for the largest share of the global electro hydraulics market for off-highway equipment during the forecast period, at ~40%. The growing demand for electro hydraulics in this region is driven by the need for more efficient technologies, higher productivity, and the strong presence of major electro hydraulics technology providers. The dominance of the European market is further enhanced due to the presence of key technology providers, such as Bosch Rexroth (Germany), Power-Packer Europa B.V. (Netherlands), Poclain (France), and Walvoil S.p.A (Italy). The region also has a strong presence of several leading off-highway equipment manufacturers, including AB Volvo (Sweden), Liebherr (Switzerland), J C Bamford Excavators Ltd. (UK), and CNH Industrial N.V. (Italy). These technology providers have developed advanced electro hydraulic systems for many off-highway machines.
The machine tools market is projected to reach USD 105.11 billion by 2032, from USD 81.09 billion in 2025, with a CAGR of 3.8%. The machine tools market is dominated by established players such as Makino Inc. (Japan), JTEKT Corporation (Japan), Okuma Corporation (Japan), DMG MORI Co., Ltd. (Japan), and DN Solutions (South Korea). These companies have a global distribution network across Asia Pacific, North America, and Europe. They are vital in their domestic regions and explore geographic diversification alternatives to grow their businesses. They also focus on increasing their market share through expansion, investments, joint ventures, collaboration, and partnerships.
The Automotive Heat Exchanger Market is projected to grow from USD 27.07 billion in 2025 to USD 29.94 billion by 2032 at a CAGR of 1.5%. North America is expected to be the second-largest automotive heat exchanger market during the forecast period. The US is the largest automotive market in this region. Several major manufacturers, including Dana Limited (US), Modine (US), and BorgWarner Inc. (US), operate in the region. The widespread use of LCVs and the growing shift toward vehicle electrification are key factors shaping the automotive heat exchanger market in the US. As the industry transitions to EVs, manufacturers are developing specialized heat exchanger solutions for battery packs and electric motors. For instance, MAHLE Behr Namestovo s.r.o. provided battery cooling chillers to Mercedes-Benz for its 2024 EQE SUV in the US. Additionally, stricter government emission regulations, such as the EPA's greenhouse gas (GHG) emissions standards and California's Advanced Clean Cars II program, are increasing demand for zero-emission vehicles. This trend is further driving the need for advanced heat exchangers that ensure efficient heat dissipation and thermal control in high-performance vehicles.
The global terminal tractor market size is projected to grow from USD 1.55 billion in 2025 to USD 2.25 billion by 2032 at a CAGR of 5.5%. The terminal tractor market is dominated by global players such as Kalmar (Finland), Terberg Special Vehicles (Netherlands), Capacity Trucks (US), MAFI Transport-Systeme GmbH (Germany), and TICO Tractors (US). These companies have adopted product developments and supply contract strategies to gain traction in the terminal tractor market.
The level 3 autonomous vehicle market is projected to grow from 291 thousand units in 2025 to 8.7 million units by 2035 at a CAGR of 40.5%. A few major level 3 autonomous vehicle providers include Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), and Magna International Inc. (Canada).
China’s exports of automotive semiconductors reached USD 419.15 billion in 2024, from USD 280.81 billion in 2020, with a CAGR of 8.9%. The major players in the China semiconductor market for automotive include SMIC (SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION), GigaDevice Semiconductor Inc., Novosense Microelectronics, Silan Microelectronics, and HiSilicon.
The global EV charging station market is estimated to be at USD 28.46 billion in 2025 and is projected to reach USD 76.31 billion by 2032 at a CAGR of 15.1% during the forecast period. The major players in the EV charging station market include ABB (Switzerland), BYD (China), ChargePoint (US), Tesla (US), and Siemens (Germany), among others. These companies offer EV charging stations and solutions for OEMs as well as for charge point operators and have strong distribution networks across the globe.
The BEV seatbelt material market is projected to grow from 96.52 megatons in 2025 to 248.97 megatons in 2032 at a CAGR of 14.5%. Major manufacturers in the seatbelt material market include Autoliv (Sweden), Joyson Safety Systems (US), ZF Friedrichshafen AG (Germany), Tokairika, Co., Ltd. (Japan), Yanfeng (Japan), Far Europe Inc. (China), GWR Safety System (US), Holmbergs Safety System Holding AB (Sweden), Ashimori Industrial Co. Ltd. (Japan), and Samsong Industries, Ltd, (South Korea).
The electric truck market, by value, is estimated at USD 5.25 billion in 2025 and is projected to reach USD 32.13 billion by 2032, registering a CAGR of 29.5%. The electric truck market is dominated by global players such as BYD (China), AB Volvo (Sweden), Ford Motor Company (US), Dongfeng Motor Corporation (China), and Rivian (US). These companies have been adopting various strategies to sustain their positions in the market. Major strategies adopted are product launches and deals. These strategies have been analyzed to understand the positions of these companies in the market.
The automotive radar market is projected to reach USD 22.83 billion by 2032 from USD 5.36 billion in 2025 at a CAGR of 23.0%. The automotive radar market is dominated by established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Aptiv (Ireland), Denso Corporation (Japan), and NXP Semiconductors (Netherlands). These players have a global distribution network across Asia Pacific, North America, and Europe. These companies have a domestic market foothold and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through expansion, investments, joint ventures, collaboration, and partnerships.
The global occupant classification system (OCS) market is projected to reach USD 2.37 billion by 2032 from USD 1.30 billion in 2025 at a CAGR of 9.0% during the forecast period. The major players in the occupant classification system market include Robert Bosch GmbH (Germany), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), Continental AG (Germany), IEE Smart Sensing Solutions (Luxembourg), AISIN CORPORATION (Japan), and Aptiv (Ireland). These companies offer occupant classification systems for automakers and have strong global distribution networks. Companies are also actively collaborating with global OEMs and launching products to expand their market presence. In January 2024, ZF Friedrichshafen AG (Germany) launched an intelligent seat belt technology to reduce the consequences of accidents.