According to the market intelligence report titled ‘Global Four-Wheeler Vehicles Market Size study, by Technology (BEV, PHEV, and HEV), By End-User (Shared Mobility Providers, Government Organizations, and Personal Users), and Regional Forecasts 2020-2027’, available with Market Study Report, global four-wheeler vehicles market is anticipated to amass substantial revenues during 2020-2027.
 

Factors such as integration of IoT (Internet of Things) technologies in the automotive sector coupled with growing focus among automobile manufacturers towards introduction of power cars are stimulating the global four-wheeler vehicles market outlook.
 

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Flourishing automobile industry vertical, surging production volume of vehicles, rising popularity of fully electric as well as hybrid cars across the globe, growing interest towards micro-mobility, and escalating demand for micro-cars, predominantly in Europe and East Asia are positively swaying the global four-wheeler vehicles market dynamics. According to OICA, in 2019, automotive sales in China amounted to USD 21.36 million, while Germany automotive sales accounted for USD 4.6 million.
 

Based on technology landscape, the overall industry is divided into PHEV (plug-in hybrid electric vehicles), HEV (hybrid electric vehicles), and BEV (battery electric vehicles). The end-user terrain of the market comprises of personal users, government organizations, and shared mobility providers.
 

From a regional point of view, global four-wheeler vehicles industry is bifurcated into Latin America, North America, Europe, Asia-Pacific, and rest of the world. The country-level fragmentation of the business includes Brazil, Mexico, U.S., Canada, France, Spain, Italy, UK, Germany, Japan, China, Australia, South Korea, and India.
 

The report states that Asia-Pacific is predicted to emerge as a major revenue generator for the industry during 2020-2027, primarily due to increasing volume of production of four-wheelers and heavt investments by leading manufacturers in the region.
 

Leading firms that influence the global four-wheeler vehicles industry trends are Suzuki Motor Corporation, Subaru Corp., Piaggio & C. SpA, Daihatsu Motor Co. Ltd., Groupe Renault, Toyota Motor Corporation, Tata Motors Limited, Mahindra & Mahindra Limited, Ligier Group SAS, Honda Motor Company Ltd., Groupe PSA, Daimler AG, Mazda Motor Corporation, and Bayerische Motoren Werke AG (BMW) among others.