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2021
Vintage Car Market

Vintage Car Market by Function (Electric, Pneumatic, Hydraulic)by Vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021–2027

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Dec 2021 | 1018 Views
   
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COVID-19

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The vintage car is the most general sense, an old automobile from the period of 1919 to 1930. Enthusiasts have categorization schemes for ages of cars that enforce distinctions between antique cars, vintage cars, classic cars, and others. The classification criteria vary, but consensus within any country is often maintained by major car clubs. In addition, an antique car is an automobile that is antique. Narrower definitions vary based on how old a car must be to qualify. The antique automobile car defines itsantiquityfor over 25 years of age. However, the legal definitions for the purpose of antique vehicle registration vary widely. The antique car era includes the veteran era, the brass era, and the vintage era, which range from the beginning of the automobile up to the 1930s. Thus, increase in demand for antique automobiles further drive the growth of the vintage car marketduring the forecast period.

Market scope and structure analysis:

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2019

Forecast period

2021–2027

Forecast units

Value (USD)

Segments covered

Function and Vehicle

Regionscovered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

Companies covered

Mercedes-Benz, Citroen Ds, Chevrolet, Lamborghini, Lincoln Continental, Cadillac, Toyota, Buick Riviera, Cadillac Eldorado Brougham and Buick Skylark

COVID-19 scenario analysis:

  • The COVID-19 pandemic hit across the world last March, there is a live car auction due to the uncertainty of the virus spreading rapidly.
  • There was not a real concern that coronavirus could ravage the classic and collector car market along with mainstream vehicle sales but it has tremendously affected the sales for over a year now.
  • The sales of classic and high-end collector cars have been strong throughout the pandemic,some even claim demand has grown stronger throughout the shutdowns.
  • The coronavirus-induced economic slowdown has eroded consumers purchasing power in a big way and bringing significant changes in their car buying behavior as well.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Some of the factors that boost the market growth include increase in antique vehicle demand owing to rapid urbanization and an increase in purchasing power of consumers. However, the rise in demand for electric carsis anticipated to hamper the growth of the market. Furthermore, surge in buying power of the customers across the globe is expected to offer lucrative opportunities for the market duringthe forecast period.

The vintage car market trends are as follows:

Increase in antique vehicle demand

The demand for antique automobiles has increased rapidly over the past decade with the increase in demand for automobiles companies. To hold a better position in the market, companies are offering cutting-edge advanced features to attract customers all over the globe, enhancing the old look with new technology resulting in better luxury and security for passengers.

Key segments covered:               

Segments

Sub-segments

Function

  • Electric
  • Pneumatic
  • Hydraulic

Vehicle

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Key benefits of the report:

  • This study presents the analytical depiction of the vintage car market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the vintage car market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the vintage car market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed vintage car market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the vintage car market research report:

  • What are the leading market players active in the vintage car market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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