Cars Market Research Reports, Analysis & Trends
A wheeled motor vehicle used for transporting passengers, which also carries its own engine or motor, is called as an automobile, auto car, motor car or car. Motorcar is also been used in the context of electrified rail systems to denote a car which functions as a small locomotive but also provides space for passengers and baggage.
Upcoming car technologies
In the future, automobile propulsion technology might come up with gasoline/electric and plug-in hybrids, battery electric vehicles, hydrogen cars, biofuels, and various alternative fuels. New materials such as duraluminum, fibreglass, carbon fiber, and carbon nanotubes may replace steel car bodies. Fully autonomous vehicles, also known as robotic cars, or driverless cars, already exist in prototype, are expected to be commercially available around 2020.
Some of the classifications of car include:
Microcar: It is a 2-seater car; Micro cars were popular in post-war Europe .Examples are REVAi/G-Wiz, TataNano etc.
City car: A city car is a small automobile intended for use in urban areas. Examples are Maruti 800, Fiat Panda, and Suzuki Cervo etc.
Supermini/subcompact car: This class is known as Supermini in Europe, subcompact in North America. Supermini have three, four or five doors and are designed to seat four passengers comfortably. Examples include Opel Corsa, Tata Indica Vista etc.
Small family car/compact car: Small family/compact cars refer to the hatchbacks and shortest saloons and estate cars with similar size. Example includes Ford Focus.
Sedans: Large family / mid-size for example Chevrolet Malibu, Compact executive for example Audi A4, BMW, and Full-size luxury for example Mercedes-Benz.
Sports car: Example includes Mazda Miata.
In India, car accessories have become a new concept which has gained popularity with growing usage of high end cars. The market can be divided into interior and exterior car accessories. In the Indian market, interior car accessories are more popular. Although small cars are preferred by Indian consumers, the trend of using high-tech accessories in cars is growing rapidly.
Car Industry Current Trends
- As per the reports, in UK, a German luxury carmaker has beaten its annual record for car sales, by selling almost 129,000 sports cars so far in 2012.
- Car market in China is anticipated to grow at a CAGR of around 16% during 2011-2014.
- Global Connected Car Market Valued at $21.82bn in 2013 (Visiongain)
Major Car Industry Players
Some of the major Car manufacturers are Audi, BMW, Chevrolet, Ferrari, Fiat, Ford, Honda, Hyundai, Jaguar, McLaren, Nissan, Skoda and Toyota etc.