The Registrations of Diesel vehicles in Germany attained a value of 819,914 Units in 2020
The indicator recorded a historical decline (CAGR) of 15% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to decline at a CAGR of...
Automotive industry in Germany
The German new cars market is expected to follow a strong growth trajectory in value and volume terms in 2021. Pent-up demand will drive growth, while the improving macroeconomic environment given that the pandemic is set to be coming to an end will support spending over the coming years. The economy is expected to recover with a V-shaped recovery in 2021, which will support the market’s performance.
Car sharing start-ups have dented growth in Germany’s sales, as an increasing number of Germans, especially those belonging to the younger segments of society, opt to share vehicles rather than purchase their own due to financial restraints or environmental reasons. Car2Go, which is owned by Daimler AG, is a prime example of a successful car-sharing platform that has cemented its position, especially in the urban centres of Germany.
The largest automotive manufacturers are also OEMs, producing some of the vehicle components on their own, but specialized parts and components are supplied by specialized manufacturers. Automotive manufacturers assemble components, such as electronics and tires, which are manufactured by large companies engaged in other industries. Some of the largest suppliers in electronics and other mechanical parts include Bosch, Denso, Magna International, Aisin Seiki and Mahle. In tires, Bridgestone, Goodyear, Continental, Michelin, and Pirelli are some of the largest suppliers for the automotive industry.
Strategic partnerships are a common strategy in this market, as companies share technology and intellectual property to achieve greater economies of scale. Globally, many players in the new cars market have already established alliances that help them fend off outside threats and ensure safe avenues of growth for the alliance members. Car manufacturing costs have increased in recent years, an increasing number of players within the market have sought to intensify the movement of manufacturing facilities towards Asia, especially since growth in the wider new cars market has been the strongest on this continent in recent years. A growing number of major global car manufacturing players have therefore sought to enter into joint ventures (JVs) with local Asian players to manufacture their vehicles in more cost-efficient manufacturing facilities in Asia.
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