Mediaboss Marketing

PRESS RELEASE

Published April 24, 2023

The Automotive Blockchain Market is expected to value $429.51 million in 2020 and is projected to reach $ 5.63 billion by 2030, registering a CAGR of 29.7%.

By switching from a centralized to a decentralized system, blockchain technology, which is still a relatively new technology, has the potential to totally transform the automotive sector. With the introduction of blockchain to the sector, third-party middlemen, whose services are currently necessary in the automotive business, wont be needed. The operations of the automobile industry, including design, production, distribution, marketing, sales, finance, and service of vehicles, will become more flexible thanks to blockchain technology and will also significantly aid in the expansion of the sector.

Increases in e-mobility and on-demand services, the popularity of car/ride sharing among young urban customers, rising auto sales globally, lower operating costs, and the need for quicker transactions are the driving forces behind the expansion of this sector. Opportunities for the market include the growing use of blockchain in logistics and transportation, the creation of new business models for the automotive aftermarket, and the growing optimization of car recalls in the US. The integration of blockchain interfaces with current systems for applications like peer-to-peer trading, creating smart contracts, and other prospective blockchain applications in the automotive industry is a hurdle for international blockchain operators.

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Key players:

Both primary and secondary research methods have been used to evaluate the future of the blockchain in the automotive industry. The precise worth of the Blockchain in Automotive Market is validated by this reports in-depth qualitative and quantitative assessments. Primary interviews, surveys, and vendor briefings are all a part of the qualitative study. The following paper discusses their revenues and provides an estimate for the size of the blockchain in the automotive market from 2022 to 2030 based on secondary research. The main sources are then used to validate and verify the data.

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Market Segmentation:

Automotive Blockchain Market, By Application

Automotive Blockchain Market, By Provider

Automotive Blockchain Market, By Mobility

Automotive Blockchain Market, By Region

North America

Europe

Asia-Pacific

Lamea

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Key Benefits of the Report:

Table of Contents: Automotive Blockchain Market

Chapter 1: Overview of Automotive Blockchain Market

Chapter 2: Market Driving Factor Analysis

Chapter 3: Global Market Status and Forecast by Regions

Chapter 4: Global Market Status and Forecast by Types

Chapter 5: Market Competition Status by Major Manufacturers

Chapter 6: Major Manufacturers Introduction and their Market Data

Chapter 7: Upstream and Downstream Analysis

Chapter 8: SWOT Analysis, PESTEL Analysis, PORTE 5 Forces.

Chapter 9: Cost and Gross Margin Analysis

Chapter 10: Sales Channels, Distributors, Traders, and Dealers

Chapter 11: Marketing Status Analysis

Chapter 12: Market Report Conclusion

Chapter 13: Automotive Blockchain Market Research Methodology and Reference

Chapter 14: Appendix

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Automotive Blockchain Market is expected to represent Significant ... - Digital Journal