Global Automotive 48V System Industry

Global Automotive 48V System Industry

  • April 2021 •
  • 146 pages •
  • Report ID: 5895827 •
  • Format: PDF
Abstract:
- Global Automotive 48V System Market to Reach 40.1 Million Units by 2027
- Amid the COVID-19 crisis, the global market for Automotive 48V System estimated at 749.3 Thousand Units in the year 2020, is projected to reach a revised size of 40.1 Million Units by 2027, growing at a CAGR of 76.6% over the analysis period 2020-2027. Entry-Level Vehicle, one of the segments analyzed in the report, is projected to record a 77.6% CAGR and reach 33.7 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mid-Premium Vehicle segment is readjusted to a revised 75.2% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 199.2 Thousand Units, While China is Forecast to Grow at 89.4% CAGR
- The Automotive 48V System market in the U.S. is estimated at 199.2 Thousand Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 11.9 Million Units by the year 2027 trailing a CAGR of 89.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 62.6% and 70.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 66.2% CAGR.
- Luxury Vehicle Segment to Record 57.5% CAGR
- In the global Luxury Vehicle segment, USA, Canada, Japan, China and Europe will drive the 55.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of 25.3 Thousand Units in the year 2020 will reach a projected size of 563.3 Thousand Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 7.1 Million Units by the year 2027, while Latin America will expand at a 60.8% CAGR through the analysis period.

- Select Competitors (Total 42 Featured) -
  • Bayerische Motoren Werke AG
  • BorgWarner Inc.
  • Delphi Technologies Plc
  • Denso Corporation
  • Ford Motor Company
  • HELLA GmbH & Co. KGaA
  • Hitachi, Ltd.
  • Honda Motor Company, Ltd.
  • Hyundai Motor Company
  • Magna International Inc.
  • MAHLE GmbH
  • Mazda Motor Corporation
  • Mitsubishi Motors Corporation
  • Robert Bosch GmbH
  • Schaeffler AG
  • Subaru Corporation