Europe All-wheel Drive Market Size & Outlook, 2023-2030
The all-wheel drive market in Europe is expected to reach a projected revenue of US$ 18,596.0 million by 2030. A compound annual growth rate of 8.3% is expected of Europe all-wheel drive market from 2024 to 2030.
Revenue, 2023 (US$M)
$10,618.9
Forecast, 2030 (US$M)
$18,596.0
CAGR, 2024 - 2030
8.3%
Report Coverage
Europe
Europe all-wheel drive market, 2018-2030 (US$M)
Europe all-wheel drive market highlights
- The Europe all-wheel drive market generated a revenue of USD 10,618.9 million in 2023.
- The market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, ice was the largest revenue generating propulsion in 2023.
- ICE is the most lucrative propulsion segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 10,618.9 million |
| Market revenue in 2030 | USD 18,596.0 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Ice |
| Fastest growing segment | ICE |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | ICE |
| Key market players worldwide | Lime, Cityscoot |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.8% of the global all-wheel drive market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 30,046.5 million by 2030.
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All-Wheel Drive Market Scope
All-wheel drive market segmentation & scope
Vehicle Type
Passenger Vehicle
Commecial Vehicle
System Type
Automatic
Manual
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
All-Wheel Drive Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe all-wheel drive market
Related industry reports
Related regional statistics
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