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The automotive industry includes wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. In automotive assembly, various processes are involved such as metal cutting, pressing, polishing, grinding, welding, plating, & painting. Moreover in the process of automotive assembly there are various steps that are considered. At the initial stage, raw materials such as steel, aluminum are used in car manufacturing process. Many car manufacturers are focusing on more sustainable, as well as lightweight and cost-effective, materials for their cars to keep up with the demand for greener products. In design & engineering process, various models are made in 2D and 3D forms to test the automotive design. Automotive design is a creative process used to define the physical appearance of motor vehicles such as cars, trucks, motorcycles etc. It encompasses interior and exterior design.

Global Automotive Assembly Market - Impact of Coronavirus (Covid-19) Pandemic :

Global automotive assembly market has been impacted significantly by the COVID-19 pandemic, in terms of supply as well as demand. Due to the COVID-19 pandemic, governments of different countries declared total lockdown and temporarily shut down of industries such as automotive industry electronic industries, and others. Therefore, the overall automotive assembly market has been affected.

North America is expected to hold dominant position in the global automotive assembly market during the forecast period’.

Statistics:

North America held a dominant position in the global automotive assembly market in 2021, accounting for 40% share, in terms of value.

Figure 1: Global Automotive Assembly Market Share (%), By Region, 2021

Automotive Assembly  | Coherent Market Insights

Among regions, North America held dominant position in the automotive assembly market in 2021 and is expected to retain its dominance throughout the forecast period. In 2020, according to Coherent Market Insights analysis, North America market generated a revenue of US$ 16,596Mn and is expected to reach US$ 27566Mn by 2030, with a CAGR of 5.5% over the forecast period.

In North America, increasing adoption of various technologies such as artificial intelligence and others in automotive assembly is expected to boost growth of the automotive assembly market. Car manufacturers use artificial intelligence technology for car-manufacturing process. Examples of AI in the automotive industry include industrial robots constructing a vehicle and autonomous cars navigating traffic with machine learning and vision.

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Automotive Assembly Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 41,490 Mn
Historical Data for: 2017 to 2021 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 5.80% 2030 Value Projection: US$ 68,750 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and the Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Russia, and the Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and the Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and the Rest of the Middle East and Africa
Segments covered:
  • By Vehicle Type: Passenger Vehicle and Commercial Vehicles    
  • By Component: Engine, Driving syste, Control System, Accessories, Others    
  • By Assembly Line: Automated, Commercial Vehicles
Companies covered:

BMW Group, Daimler, Ford Motor, General Motors, Honda Motor, Hyundai Motor, SAIC Motor, Stellantis, Toyota Motor, Volkswagen Group, and others.

Growth Drivers:
  • Rising demand of passenger vehicles and increasing urbanization
Restraints & Challenges:
  • Increasing environmental concerns

Electrical system segment is expected to hold a dominant position during the forecast period.

Among component, electrical system segment is expected to hold a dominant position in the global automotive assembly market during the forecast period. The segment is expected to exhibit the highest CAGR of 5.4%.

Figure 2: Global Automotive Assembly Market Value (US$ Mn) Analysis and Forecast and Y-o-Y Growth (%), 2022 - 2030

Automotive Assembly  | Coherent Market Insights

Global automotive assembly market was valued at US$ 41,490 Million in 2021 and is expected to reach US$ 68,750 Million by 2030 at a CAGR of 5.80% between 2022 and 2030.

Major players operating in the global automotive assembly market include BMW Group, Daimler, Ford Motor, General Motors, Honda Motor, Hyundai Motor, SAIC Motor, Stellantis, Toyota Moto, Volkswagen Group, and others.

Automotive assembly is a process, in which various automotive parts such as chassis, engine, and transmission systems, control system, electrical system, and others are integrated.  Moreover, increasing demand for passenger vehicles and commercial vehicles worldwide, such as in China, India & Brazil has led to a rise in the number of people buying passenger vehicles and commercial vehicles every year. Moreover, increasing production of CNG trucks worldwide is expected to drive growth of the automotive assembly market. For instance, in June 2022, Ashok Leyland, an India-based automotive manufacturing company launched the ecomet STAR 1115 CNG truck having CNG cylinder capacity ranging from 360 to 480 liters.

Market Dynamics

In automotive assembly various processes are involved such as metal cutting, pressing, polishing, grinding, welding, plating, & painting. In Full - Automatic Assembly lines, robots are used for performing tasks such as cutting to welding, painting, assembling of automotive parts and others. Furthermore in semi-automatic assembly line, semi-automatic robots are used for performing assembly line task. This semi-automatic robots are controlled by humans.

Key features of the study:

  • This report provides an in-depth analysis of the global automotive assembly market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global automotive assembly market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include BMW Gro, Daimler,Ford, MotorGeneral Moto, Honda Motor, Hyundai Motor, SAIC Motor, Stellantis, Toyota Motor, and Volkswagen Group           
  •  Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global  automotive assembly market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive assembly market.

Detailed Segmentation:

  • Global Automotive Assembly Market, By Vehicle Type:
    • Passenger Vehicles         
    • Commercial Vehicles                                            
  • Global Automotive Assembly Market, By Component:
    • Engine        
    • Driving System     
    • Control System     
    • Electrical System  
    • Accessories 
    • Others
  • Global Automotive Assembly Market, By Assembly Line:
    • Automated
    • Semi-automated   
  • Global Automotive Assembly Market, By Region:
    • North America                            
      • By Country:
        • U.S.
        • Canada
    • Europe          
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific         
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Country
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America    
    • Middle East & Africa  
      • By Country/Region:
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles
    • BMW Group*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Daimler             
    • Ford Motor                        
    • General Motors                        
    • Honda Motor            
    • Hyundai Motor                        
    • SAIC Motor                        
    • Stellantis
    • Toyota Motor                                    
    • Volkswagen Group                                    

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global automotive assembly market is expected to reach US$ 68,750 million by 2030.
The market is expected to exhibit a CAGR of 5.80% during the forecast period (2022-2030).
Rising urbanization is the primary factor contributing to the market during the forecast period.
Passenger vehicles held the largest market share among vehicle type  in the global automotive assembly market in 2021.
North America held the largest share in the market in 2021.
Major players operating in the global automotive assembly market include BMW Group, Daimler, Ford Motor, General Motors, Honda Motor, Hyundai Motor, SAIC Motor, Stellantis, Toyota Motor, Volkswagen Group, and others.  

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