Europe Hyundai Mobis Market was valued at USD 12 Billion in 2022 and is projected to reach USD 20 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
In recent years, Europe's automotive landscape has been undergoing a significant transformation, with a pronounced shift towards electrification and advanced mobility solutions. A key player in this evolution is Hyundai Mobis, the parts and service arm of the Hyundai Motor Group. The company's strategic initiatives and product offerings are aligning closely with the evolving requirements of the European automotive industry.
Hyundai Mobis' Strategic Focus Areas
At the IAA Mobility 2023 event, Hyundai Mobis unveiled its 'MOBIS MOBILITY MOVE 2.0' strategy, emphasizing three core business areas:
Electrification: Development and production of battery systems and power electronics (PE systems), essential components for electric vehicles (EVs).
Next-Generation Chassis (X-By-Wire): Transitioning traditional mechanical systems like steering and braking to electronic controls, enhancing vehicle design flexibility and performance.
Connectivity: Implementing 5G-based Vehicle-to-Everything (V2X) integrated control technologies to facilitate real-time data exchange between vehicles and their environments, a cornerstone for autonomous driving advancements.
These focus areas are designed to cater to the increasing demand for innovative and sustainable mobility solutions in Europe. Hyundai Mobis aims to double its revenue growth year-on-year, targeting a 30% annual sales increase in the European market by 2030. This ambitious goal underscores the company's commitment to meeting the region's evolving automotive needs.
Alignment with European Industry Requirements
The European automotive industry is characterized by its stringent standards and a strong emphasis on sustainability and innovation. Hyundai Mobis' strategic initiatives align with these priorities:
Electrification: With Europe's push towards reducing carbon emissions, the demand for efficient and reliable EV components is at an all-time high. Hyundai Mobis' expertise in battery systems and PE systems positions it well to meet this demand.
Advanced Chassis Systems: The shift towards electronic control systems (X-By-Wire) aligns with the industry's move towards smarter and more adaptable vehicle architectures, catering to both safety and performance requirements.
Connectivity: As vehicles become more connected, the integration of 5G-based V2X technologies is crucial for the development of autonomous driving features and enhanced driver assistance systems.
By focusing on these areas, Hyundai Mobis not only meets current industry requirements but also anticipates future trends, ensuring its products remain relevant in a rapidly evolving market.
Investment in European Manufacturing
Demonstrating its commitment to the European market, Hyundai Mobis has entered into a memorandum of understanding with the Slovak government to construct a plant in Novaky, Slovakia. This facility, with an investment exceeding 170 million euros, will focus on producing engines and parts for electric vehicles. Such investments are pivotal in supporting Europe's transition to sustainable mobility and highlight Hyundai Mobis' role in this transformation.
Personal Experience and Insights
Having observed the automotive industry's evolution over the years, it's evident that companies like Hyundai Mobis are at the forefront of driving change. Their proactive approach to embracing electrification, advanced chassis systems, and connectivity not only sets them apart but also accelerates the industry's overall progress towards a more sustainable and innovative future.
Conclusion
Hyundai Mobis' strategic initiatives and investments reflect a deep understanding of the European automotive market's needs. By aligning its focus with industry requirements and committing to local manufacturing, the company is well-positioned to play a significant role in shaping the future of mobility in Europe.
Get an In-Depth Research Analysis of the Europe Hyundai Mobis Market Size And Forecast [2025-2032]
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Hyundai Mobis Market
Chassis Systems
Safety Systems
Powertrain Systems
Electrical & Electronics
Battery Management Systems
Electric Drive Systems
Charging Technologies
Energy Management Systems
Sensor Technologies (LiDAR, Radar, Cameras)
AI Algorithms for Data Processing
Connectivity Solutions (V2X Communications)
Driver Assistance Systems
Instrument Clusters
Vehicle Navigation Systems
Audio & Multimedia Systems
Human-Machine Interface (HMI) Solutions
Spare Parts Supply
Vehicle Maintenance Services
Warranty Solutions
Connected Car Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Hyundai Mobis Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Hyundai Mobis Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Hyundai Mobis Market, By Type
6. Europe Hyundai Mobis Market, By Application
7. Europe Hyundai Mobis Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Hyundai Mobis Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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