TOP 25 Automotive SubIndustry Q3/2023

#25 Automotive Technology

Description: The Automotive Technology industry is a rapidly growing and innovative sector within the larger automotive industry. It encompasses companies that develop and provide advanced technologies, software, and hardware solutions for automobiles. Key players in this industry include major automotive manufacturers, such as Tesla, Toyota, and Volkswagen, as well as technology companies like Apple, Google, and NVIDIA. The primary audience for automotive technology products and services includes car manufacturers, automotive suppliers, and consumers. This industry is prominently active in major automotive hubs around the world, including Silicon Valley, Detroit, Germany, Japan, and China. The Automotive Technology industry has experienced significant growth and major changes in recent years, driven by the increasing demand for electric vehicles, autonomous driving technologies, and connected car solutions. With the ongoing advancements in artificial intelligence, machine learning, and internet of things, this industry presents noteworthy opportunities for future growth, innovation, and disruption in the automotive sector.

#24 Auto Insurance

Description: The Auto Insurance industry is a crucial sector within the Automotive parent industry. It consists of companies that provide insurance coverage for automobiles, protecting owners from financial losses due to accidents, theft, or other damages. Key players in this industry include major insurance companies such as Allstate, State Farm, Progressive, and Geico. The primary audience for auto insurance includes individual vehicle owners, fleet owners, and businesses that rely on vehicles for their operations. This industry is prominently active in countries with a high vehicle ownership rate, such as the United States, China, and Germany. Auto insurance became significant in the early 20th century with the rise of the mass production of automobiles and the subsequent need for financial protection. It has experienced major changes over the years, including the introduction of new technologies like telematics and usage-based insurance. The Auto Insurance industry is noteworthy for future opportunities due to the increasing adoption of autonomous vehicles, which will require new insurance models and coverage options.

#23 Automotive Aftermarket

Description: The Automotive Aftermarket industry refers to the market for automotive parts, accessories, and services that are used as replacements or upgrades for vehicles after the original sale. This industry primarily caters to individual vehicle owners, repair shops, and automotive service providers. Key players in the Automotive Aftermarket include major retailers like AutoZone, O'Reilly Auto Parts, and Advance Auto Parts, as well as manufacturers such as Bosch, Magna International, and Continental AG. The industry is prominently active in regions with a significant automotive presence, such as North America, Europe, and Asia-Pacific. The Automotive Aftermarket has experienced major changes in recent years due to technological advancements, evolving consumer preferences, and the rise of electric and autonomous vehicles. It is a noteworthy sector for future opportunities due to the increasing average age of vehicles on the road, growing demand for customization and performance enhancements, and the emergence of new technologies in the automotive sector.

#22 Auto Dealerships

Description: The Auto Dealerships industry is a prominent sector within the Automotive industry. It consists of companies that sell new and used vehicles to consumers. Key players in this industry include large dealership groups such as AutoNation, Penske Automotive Group, and Group 1 Automotive. These companies operate across various regions, including North America, Europe, and Asia. The industry has experienced major changes in recent years, with the rise of online car buying platforms and the shift towards electric and autonomous vehicles. With a vast number of employees and substantial revenue, the Auto Dealerships industry presents significant opportunities for growth and innovation in the future.

#21 Automotive Retail

Description: The Automotive Retail industry encompasses businesses involved in the sale of new and used vehicles, as well as the provision of after-sales services and spare parts. Key players in this industry include automotive dealerships, online car marketplaces, and auto parts retailers. The primary audience for automotive retail consists of individual consumers looking to purchase or service vehicles. This industry is prominently active in regions with high automobile ownership and demand, such as North America, Europe, and Asia. Automotive retail became significant in the early 20th century with the rise of mass production and affordable automobiles. Major changes in the industry have been driven by technological advancements, including the shift towards online car sales and the growth of electric vehicles. The automotive retail sector is noteworthy for future opportunities due to the increasing demand for electric and autonomous vehicles, as well as the potential for digital transformation in the car buying experience.

#20 Commercial Vehicles

Description: The Commercial Vehicles industry is a vital sector within the Automotive industry. It encompasses the production, sale, and maintenance of vehicles used for commercial purposes such as transportation, delivery, and logistics. Key players in this industry include global manufacturers like Daimler AG, Volvo Group, and Volkswagen Commercial Vehicles. Major audiences for commercial vehicles are businesses and organizations involved in various industries such as transportation and logistics, construction, and agriculture. The industry is prominently active worldwide, with significant markets in North America, Europe, and Asia. The Commercial Vehicles industry has experienced major changes and advancements over the years, particularly with the rise of electric and autonomous technologies, expanding the scope for innovation and sustainability. This sector offers noteworthy opportunities for future growth and development, driven by evolving consumer demands, regulatory changes, and the need for efficient and eco-friendly transportation solutions.

#19 Auto Parts & Equipment

Description: The Auto Parts & Equipment industry is a vital sector within the Automotive industry, responsible for manufacturing and distributing various components and accessories for vehicles. Key players in this industry include major companies like Bosch, Denso, Magna International, Continental AG, and ZF Friedrichshafen. The primary audience for these auto parts and equipment companies includes automakers, repair shops, and individual consumers. This industry is prominently active globally, with manufacturing facilities and distribution networks spread across different regions such as North America, Europe, Asia-Pacific, and Latin America. The Auto Parts & Equipment industry has been significant for decades, experiencing major changes with the advent of new technologies and advancements in electric and autonomous vehicles. With the growing demand for greener and smarter transportation solutions, this sector presents noteworthy opportunities for innovation, partnerships, and investment in the future.

#18 Auto Manufacturers

Description: The Auto Manufacturers industry consists of companies involved in designing, manufacturing, and selling automobiles, including passenger cars, commercial vehicles, and electric vehicles. Key players in this industry include multinational corporations such as Toyota, Volkswagen, General Motors, Ford, and Honda. These companies cater to a wide range of audiences, including individual consumers, fleet operators, and government entities. The industry is prominently active globally, with major manufacturing hubs in countries like Japan, Germany, the United States, China, and South Korea. The Auto Manufacturers industry became significant in the early 20th century with the mass production of automobiles, led by companies like Ford. It has since experienced major changes, including advancements in technology, the rise of electric vehicles, and the push towards autonomous driving. This sector is noteworthy for future opportunities due to the increasing demand for electric and autonomous vehicles, the emergence of new mobility services, and the ongoing innovation in automotive technology.

#17 Electric Vehicles

Description: The Electric Vehicles industry is a rapidly growing sector within the Automotive industry. It encompasses companies that manufacture, design, and sell electric vehicles and their components, as well as those involved in the development of charging infrastructure. Key players in this industry include Tesla, the leading electric vehicle manufacturer with a revenue of 46B$, and Volkswagen Group, a major player in the market with a revenue of 268B$. Other prominent companies in the sector include Nissan, BMW, and General Motors. The industry is primarily active in regions such as North America, Europe, and Asia, where there is a growing demand for environmentally friendly transportation solutions. The Electric Vehicles industry experienced a significant shift towards mainstream adoption in the early 2010s, with the introduction of Tesla's Model S and Nissan's Leaf. This was further accelerated by government initiatives and regulations aimed at reducing carbon emissions and promoting sustainable transportation. The industry's noteworthy sector for future opportunities lies in its potential to revolutionize the automotive industry by reducing dependence on fossil fuels, mitigating environmental impact, and advancing autonomous driving technology.

#16 Passenger Vehicles

Description: The Passenger Vehicles industry is a key sector in the Automotive industry, focused on the manufacturing and sale of automobiles primarily designed for the transportation of passengers. Major players in this industry include global automotive giants such as Toyota, Volkswagen, General Motors, and Ford. These companies compete to develop innovative and technologically advanced vehicles that meet consumer demands for safety, performance, and fuel efficiency. The industry is prominently active worldwide, with manufacturing facilities and sales networks spanning across North America, Europe, Asia, and other regions. The Passenger Vehicles industry has experienced significant changes and milestones throughout history, including the mass production of automobiles in the early 20th century, the rise of electric and autonomous vehicles in recent years, and ongoing efforts to reduce carbon emissions and promote sustainability. This sector is noteworthy for future opportunities due to the increasing demand for electric and autonomous vehicles, as well as the potential for disruptive technologies and business models to reshape the way people commute and travel.

#15 Automotive Lubricants

Description: The Automotive Lubricants industry encompasses companies involved in the production, distribution, and sale of lubricants specifically designed for use in automobiles. Key players in this industry include major oil companies such as ExxonMobil, Chevron, and BP, as well as specialty lubricant manufacturers like Castrol and Valvoline. The primary audience for automotive lubricants consists of automotive manufacturers, vehicle owners, and automotive service centers. This industry is prominently active worldwide, with significant markets in regions such as North America, Europe, and Asia-Pacific. The Automotive Lubricants industry has experienced major changes in recent years due to evolving automotive technologies, environmental regulations, and consumer demand for more fuel-efficient vehicles. This sector is noteworthy for future opportunities due to the growing global automotive market, the increasing demand for electric vehicles, and the need for advanced lubricants to meet the requirements of modern engines and transmissions.

#14 Car Sharing

Description: Car Sharing is a thriving industry within the Automotive sector, allowing individuals to rent vehicles for short periods of time, typically by the hour or day. Key players in this industry include well-known companies like Zipcar, Getaround, and Turo. The primary audience for car sharing services are urban dwellers who may not own a vehicle or prefer not to use their own car for certain trips. Car sharing is most prominently active in major cities around the world, where population density and limited parking make car ownership less practical. The industry experienced significant growth and major changes in the early 2010s with the rise of smartphone apps that made it easier to locate, unlock, and rent vehicles on-demand. This sector is noteworthy for future opportunities due to the increasing popularity of shared mobility, environmental concerns, and the potential for autonomous vehicles to revolutionize the car sharing experience.

#13 Automotive Textiles

Description: Automotive Textiles is an industry that specializes in the production of textiles and fabrics used in the automotive sector. Key players in this industry include major textile manufacturers such as Adient, Lear Corporation, and Toyota Boshoku Corporation. The primary audience for these automotive textiles includes automobile manufacturers, suppliers, and aftermarket companies. This industry is prominently active in regions with a strong automotive manufacturing presence, such as North America, Europe, and Asia. Automotive textiles became significant in the mid-20th century when advancements in technology enabled the production of specialized fabrics for car interiors, seating, and other components. With the growing demand for comfortable and aesthetically appealing interiors in vehicles, the automotive textiles industry has become a noteworthy sector for future opportunities. As the automotive industry continues to innovate and prioritize sustainability, there is a rising need for eco-friendly and advanced textiles in the sector, creating potential for growth and investment.

#12 Automotive Glass

Description: The Automotive Glass industry is a vital sector within the wider Automotive industry. It primarily involves the manufacturing and distribution of glass components used in vehicles, including windshields, side windows, and rear windows. Key players in this industry include major glass manufacturers like Saint-Gobain, Asahi Glass Co., and Nippon Sheet Glass Co., as well as automotive manufacturers that produce their own glass components. The primary audience for automotive glass products consists of automotive manufacturers, repair shops, and end consumers. The industry is prominently active in regions with significant automotive production, such as North America, Europe, and Asia. Automotive glass experienced a major shift in the early 2000s when laminated glass, which offers improved safety and sound insulation, became widely adopted. With the growing demand for electric vehicles and advancements in autonomous driving technology, the Automotive Glass industry presents noteworthy opportunities for future growth and innovation.

#11 Automotive Paints

Description: The Automotive Paints industry is a vital sector within the larger Automotive industry, responsible for the production and supply of paints and coatings specifically designed for automobiles. Key players in this industry include global companies such as PPG Industries, AkzoNobel, Sherwin-Williams, and BASF. The primary audience for automotive paints includes automotive manufacturers, repair shops, and consumers. This industry is prominently active in regions with a significant automotive manufacturing presence, such as North America, Europe, and Asia. The Automotive Paints industry experienced significant growth and major changes in the late 20th century, driven by advancements in paint technology, environmental regulations, and the increasing demand for customized paint finishes. This sector is noteworthy for future opportunities due to the growing global automotive market, increasing demand for electric vehicles, and the trend towards more sustainable and eco-friendly paint solutions.

#10 Automotive Batteries

Description: The Automotive Batteries industry is a vital sector within the larger Automotive industry. It primarily involves the manufacturing and distribution of batteries used in automobiles, including electric vehicles. Key players in this industry include major automotive battery manufacturers such as Johnson Controls, Exide Technologies, and East Penn Manufacturing. The primary audience for automotive batteries is the automotive manufacturers who integrate these batteries into their vehicles. Additionally, retailers and consumers looking to replace or upgrade their vehicle batteries are also important audiences. The industry is prominently active worldwide, with major manufacturing facilities and sales networks in regions like North America, Europe, and Asia-Pacific. The significance of the automotive batteries industry has grown significantly in recent years due to the rise in electric vehicles and the increasing demand for sustainable transportation solutions. This sector offers noteworthy opportunities for future growth and innovation as the automotive industry continues to transition towards electric mobility.

#9 Car Rental

Description: The Car Rental industry is a prominent sector within the Automotive industry, providing short-term vehicle rentals to individuals and businesses. Key players in the industry include major rental companies such as Enterprise Holdings, Hertz Global Holdings, and Avis Budget Group. The primary audience for car rental services includes travelers, tourists, and individuals in need of temporary transportation solutions. The industry is prominently active in various countries around the world, with a strong presence in popular tourist destinations and major cities. Car rental services have been significant for several decades, but experienced major changes in recent years with the rise of ride-sharing platforms and the adoption of digital technology. The Car Rental industry is noteworthy for future opportunities due to the increasing demand for flexible transportation options, the potential for expansion in emerging markets, and the integration of electric and autonomous vehicles into rental fleets.

#8 Vehicle Rental & Leasing

Description: The Vehicle Rental & Leasing industry is a prominent sector within the automotive industry. It encompasses companies that provide short-term and long-term rental and leasing services for vehicles, such as cars, trucks, and vans. Key players in this industry include major rental car companies like Enterprise Holdings, Hertz Global Holdings, and Avis Budget Group. The industry caters to a wide range of audiences, including individuals, businesses, and government agencies, offering flexible transportation solutions to meet their needs. Vehicle rental and leasing services are prominently active in various regions across the globe, with significant operations in North America, Europe, and Asia Pacific. The industry experienced major changes in recent years due to the rise of ride-sharing platforms like Uber and Lyft, as well as the growing demand for electric and autonomous vehicles. This sector is noteworthy for future opportunities due to the increasing popularity of car subscription services, the potential for autonomous vehicle fleets, and the ongoing need for flexible transportation solutions in urban areas.

#7 Vehicle Auctions

Description: Vehicle Auctions is an industry within the Automotive sector that involves the buying and selling of used vehicles through auctions. The key players in this industry include renowned companies like Manheim, Copart, and Adesa. Manheim, a subsidiary of Cox Automotive, is one of the largest vehicle auction companies, with over 500 auction sites worldwide. Copart is another major player in the industry, specializing in online vehicle auctions and salvage vehicle sales. Adesa, owned by KAR Auction Services, is known for its physical and online auctions. Vehicle Auctions are prominently active in countries like the United States, Canada, the United Kingdom, and Australia. This industry became significant in the mid-20th century as a way to efficiently dispose of off-lease, repossessed, and fleet vehicles. Today, it continues to experience major changes driven by technological advancements and the increasing demand for online auctions. The Vehicle Auctions industry is noteworthy for future opportunities due to its potential for growth in emerging markets, the ongoing shift towards online sales, and the increasing demand for used vehicles.

#6 Automotive Tires

Description: The Automotive Tires industry is a crucial sector within the Automotive parent industry. It encompasses companies involved in the manufacturing, distribution, and sale of tires for various vehicles, such as cars, trucks, motorcycles, and commercial vehicles. Key players in this industry include renowned tire manufacturers like Bridgestone, Michelin, Goodyear, and Continental. The industry also caters to a wide range of audiences, including individual vehicle owners, automobile manufacturers, and the commercial transportation sector. The Automotive Tires industry is prominently active worldwide, with significant markets in North America, Europe, Asia Pacific, and Latin America. It became increasingly significant in the early 20th century with the rise of mass-produced automobiles and experienced major changes over the years with advancements in tire technology, sustainability initiatives, and the growing demand for electric vehicles. As the automotive industry continues to evolve, the Automotive Tires sector presents noteworthy opportunities for innovation, including the development of eco-friendly and high-performance tires to meet the changing needs of consumers and support the transition to electric mobility.

#5 Automotive Software

Description: The Automotive Software industry is a rapidly growing sector within the broader automotive industry. It encompasses the development, integration, and management of software systems and applications used in vehicles. Key players in this industry include leading automotive manufacturers, software development companies, and technology giants. The primary audience for automotive software includes automotive manufacturers, suppliers, and consumers. This industry is prominently active and relevant globally, with major hubs in countries like the United States, Germany, Japan, and China. The Automotive Software industry has experienced significant growth and major changes in recent years, driven by advancements in autonomous driving, connected cars, and electric vehicles. With the increasing demand for advanced driver assistance systems, infotainment systems, and vehicle management software, the Automotive Software industry offers substantial opportunities for innovation and future growth.

#4 Auto Repair & Maintenance

Description: The Auto Repair & Maintenance industry is a vital sector within the Automotive industry, dedicated to providing repair and maintenance services for vehicles. It encompasses a wide range of services, including mechanical repairs, electrical diagnostics, tire replacements, and general vehicle maintenance. The key players in this industry include independent repair shops, automotive dealerships, and franchised service centers. The primary audience for auto repair and maintenance services is vehicle owners seeking reliable and efficient solutions to keep their vehicles in optimal condition. This industry is prominently active worldwide, with repair shops and service centers located in urban and rural areas, serving both residential and commercial customers. The Auto Repair & Maintenance industry experienced significant growth and major changes with the rise of automobiles in the early 20th century, and it continues to evolve with advancements in technology and the increasing complexity of modern vehicles. With the increasing demand for automotive services and the potential for technological innovation, this sector presents noteworthy opportunities for future growth and investment.

#3 Automotive Plastics

Description: The Automotive Plastics industry encompasses the production and use of plastic materials in the manufacturing of vehicles. Key players in this industry include major automotive manufacturers such as Toyota, Volkswagen, General Motors, and Ford, as well as plastic suppliers and manufacturers like BASF, Dow Chemical, and Covestro. The industry is prominently active in regions with a strong automotive manufacturing presence, such as North America, Europe, and Asia. Automotive plastics became significant in the late 20th century as manufacturers sought lightweight and cost-effective materials to improve fuel efficiency and meet regulatory standards. Today, the industry continues to experience major changes as advancements in plastic technology enable the development of more durable, lightweight, and eco-friendly automotive components. With the growing demand for electric vehicles and the increasing focus on sustainability, the Automotive Plastics industry presents significant opportunities for innovation, efficiency, and environmental impact reduction in the automotive sector.

#2 Automotive Electronics

Description: The Automotive Electronics industry is a crucial sector within the broader Automotive industry. It encompasses the development and manufacturing of electronic systems, components, and software used in vehicles. Key players in this industry include leading automotive manufacturers such as Toyota, Volkswagen, and General Motors, as well as specialized automotive electronics companies like Bosch, Continental, and Denso. The industry is prominently active in major automotive manufacturing regions worldwide, including North America, Europe, and Asia. Automotive Electronics became significant in the late 20th century with the introduction of electronic control units (ECUs) in vehicles, and it has since experienced major changes driven by advancements in technologies like advanced driver-assistance systems (ADAS), infotainment systems, and electric vehicle (EV) technology. This sector is noteworthy for future opportunities due to the increasing demand for connected cars, autonomous vehicles, and electric mobility, which require sophisticated electronic systems and software for enhanced safety, performance, and sustainability.

#1 Auto Financing

Description: The Auto Financing industry is a crucial sector within the Automotive industry, providing financial solutions for consumers to purchase or lease vehicles. Key players in this industry include banks, credit unions, and specialized auto finance companies. The primary audience for auto financing is individuals and businesses looking to acquire vehicles but require financial assistance. Auto financing is prominently active in countries with a thriving automotive market such as the United States, China, Japan, and Germany. The industry has experienced major changes in recent years with the rise of online platforms and digital lending, making it more convenient for consumers to access auto financing options. The Auto Financing industry is noteworthy for future opportunities due to the increasing demand for vehicles and the potential for growth in emerging markets. Additionally, advancements in technology and the shift towards electric and autonomous vehicles present new avenues for innovation and investment within the sector.

The automotive industry is experiencing a surge in automation adoption and a rising focus on sustainability.

These findings have significant implications for companies operating in this sector, with opportunities for innovation and a growing need for sustainable practices.

Looking ahead, the automotive industry is expected to continue its expansion, with increased investments in technology and an emphasis on environmentally responsible practices.

Readers are encouraged to stay informed about industry trends, consider investment opportunities, and explore ways to contribute to sustainable growth in this dynamic industry.

In the ever-evolving landscape of the automotive industry, the possibilities are vast, and the path forward is clear: embrace innovation, sustainability, and responsible leadership.