Selected research
Market Analysis & Forecast
Global L1 Automatic Vehicle Market Analysis and Forecast 2026-2032
Market perspective
The global L1 Automatic Vehicle market is projected to grow from US$ million in 2026 to US$ million by 2032, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
L1 Automatic Vehicle's global sales reached XX (k units) with a value of US$ XX Million, marking an change of XX% compared to the previous year. This performance has positioned GM as the global sales leader, a title it has maintained for several consecutive years. Notably, GM's performance in primary markets is also remarkable. In the Chinese market, sales were XX (k units), a change of XX% from the previous year. In Europe, sales were XX (k units), showing a year-on-year of XX%. In the US, sales were XX (k units), a year-on-year change of XX%.
The major global manufacturers in the L1 Automatic Vehicle market include GM, Ford, Mercedes-Benz, Geely, Toyota, BMW, Volkswagen Group, Honda and SAIC, etc. In 2025, the top three vendors accounted for approximately % of the revenue.
Read the full market overview
In terms of production side, this report researches the L1 Automatic Vehicle production, growth rate, market share by manufacturers and by region (region level and country level), from 2021 to 2026, and forecast to 2032.
In terms of consumption side, this report focuses on the sales of L1 Automatic Vehicle by region (region level and country level), by Company, by Type and by Application. from 2021 to 2026 and forecast to 2032.
This report presents an overview of global market for L1 Automatic Vehicle, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.
This report researches the key producers of L1 Automatic Vehicle, also provides the consumption of main regions and countries. Of the upcoming market potential for L1 Automatic Vehicle, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the L1 Automatic Vehicle sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global L1 Automatic Vehicle market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2021 to 2032. Evaluation and forecast the market size for L1 Automatic Vehicle sales, projected growth trends, production technology, application and end-user industry.
L1 Automatic Vehicle Segment by Company
GM
Ford
Mercedes-Benz
Geely
Toyota
BMW
Volkswagen Group
Honda
SAIC
Nissan
BAIC
Lifan
Tesla
L1 Automatic Vehicle Segment by Type
Passenger Vehicle
Commercial Vehicle
L1 Automatic Vehicle Segment by Application
Home Use
Commercial Use
L1 Automatic Vehicle Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global L1 Automatic Vehicle market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of L1 Automatic Vehicle and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of L1 Automatic Vehicle.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: L1 Automatic Vehicle production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of L1 Automatic Vehicle in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 5: Detailed analysis of L1 Automatic Vehicle manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, L1 Automatic Vehicle sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main concluding insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Passenger Vehicle
- Commercial Vehicle
Applications
- Home Use
- Commercial Use
Companies covered
- GM
- Ford
- Mercedes-Benz
- Geely
- Toyota
- BMW
- Volkswagen Group
- Honda
- SAIC
- Nissan
- BAIC
- Lifan
- Tesla
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 L1 Automatic Vehicle Market by Type
- 1.2.1 Global L1 Automatic Vehicle Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 Passenger Vehicle
- 1.2.3 Commercial Vehicle
- 1.3 L1 Automatic Vehicle Market by Application
- 1.3.1 Global L1 Automatic Vehicle Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Home Use
- 1.3.3 Commercial Use
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 L1 Automatic Vehicle Market Dynamics
- 2.1 L1 Automatic Vehicle Industry Trends
- 2.2 L1 Automatic Vehicle Industry Drivers
- 2.3 L1 Automatic Vehicle Industry Opportunities and Challenges
- 2.4 L1 Automatic Vehicle Industry Restraints
3 Global L1 Automatic Vehicle Production Overview
- 3.1 Global L1 Automatic Vehicle Production Capacity (2021-2032)
- 3.2 Global L1 Automatic Vehicle Production by Region: 2021 VS 2025 VS 2032
- 3.3 Global L1 Automatic Vehicle Production by Region
- 3.3.1 Global L1 Automatic Vehicle Production by Region (2021-2026)
- 3.3.2 Global L1 Automatic Vehicle Production by Region (2027-2032)
- 3.3.3 Global L1 Automatic Vehicle Production Market Share by Region (2021-2032)
- 3.4 North America
- 3.5 Europe
- 3.6 China
- 3.7 Japan
- 3.8 South Korea
- 3.9 India
4 Global Market Growth Prospects
- 4.1 Global L1 Automatic Vehicle Revenue Estimates and Forecasts (2021-2032)
- 4.2 Global L1 Automatic Vehicle Revenue by Region
- 4.2.1 Global L1 Automatic Vehicle Revenue by Region: 2021 VS 2025 VS 2032
- 4.2.2 Global L1 Automatic Vehicle Revenue by Region (2021-2026)
- 4.2.3 Global L1 Automatic Vehicle Revenue by Region (2027-2032)
- 4.2.4 Global L1 Automatic Vehicle Revenue Market Share by Region (2021-2032)
- 4.3 Global L1 Automatic Vehicle Sales Estimates and Forecasts 2021-2032
- 4.4 Global L1 Automatic Vehicle Sales by Region
- 4.4.1 Global L1 Automatic Vehicle Sales by Region: 2021 VS 2025 VS 2032
- 4.4.2 Global L1 Automatic Vehicle Sales by Region (2021-2026)
- 4.4.3 Global L1 Automatic Vehicle Sales by Region (2027-2032)
- 4.4.4 Global L1 Automatic Vehicle Sales Market Share by Region (2021-2032)
- 4.5 North America
- 4.6 Europe
- 4.7 China
- 4.8 Asia (Excluding China)
- 4.9 South America, Middle East and Africa
5 Market Competitive Landscape by Manufacturers
- 5.1 Global L1 Automatic Vehicle Revenue by Manufacturers
- 5.1.1 Global L1 Automatic Vehicle Revenue by Manufacturers (2021-2026)
- 5.1.2 Global L1 Automatic Vehicle Revenue Market Share by Manufacturers (2021-2026)
- 5.1.3 Global L1 Automatic Vehicle Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 5.2 Global L1 Automatic Vehicle Sales by Manufacturers
- 5.2.1 Global L1 Automatic Vehicle Sales by Manufacturers (2021-2026)
- 5.2.2 Global L1 Automatic Vehicle Sales Market Share by Manufacturers (2021-2026)
- 5.2.3 Global L1 Automatic Vehicle Manufacturers Sales Share Top 10 and Top 5 in 2025
- 5.3 Global L1 Automatic Vehicle Sales Price by Manufacturers (2021-2026)
- 5.4 Global L1 Automatic Vehicle Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 5.5 Global L1 Automatic Vehicle Key Manufacturers Manufacturing Sites & Headquarters
- 5.6 Global L1 Automatic Vehicle Manufacturers, Product Type & Application
- 5.7 Global L1 Automatic Vehicle Manufacturers Commercialization Time
- 5.8 Market Competitive Analysis
- 5.8.1 Global L1 Automatic Vehicle Market CR5 and HHI
- 5.8.2 2025 L1 Automatic Vehicle Tier 1, Tier 2, and Tier 3
6 L1 Automatic Vehicle Market by Type
- 6.1 Global L1 Automatic Vehicle Revenue by Type
- 6.1.1 Global L1 Automatic Vehicle Revenue by Type (2021-2032) & (US$ Million)
- 6.1.2 Global L1 Automatic Vehicle Revenue Market Share by Type (2021-2032)
- 6.2 Global L1 Automatic Vehicle Sales by Type
- 6.2.1 Global L1 Automatic Vehicle Sales by Type (2021-2032) & (k units)
- 6.2.2 Global L1 Automatic Vehicle Sales Market Share by Type (2021-2032)
- 6.3 Global L1 Automatic Vehicle Price by Type
7 L1 Automatic Vehicle Market by Application
- 7.1 Global L1 Automatic Vehicle Revenue by Application
- 7.1.1 Global L1 Automatic Vehicle Revenue by Application (2021-2032) & (US$ Million)
- 7.1.2 Global L1 Automatic Vehicle Revenue Market Share by Application (2021-2032)
- 7.2 Global L1 Automatic Vehicle Sales by Application
- 7.2.1 Global L1 Automatic Vehicle Sales by Application (2021-2032) & (k units)
- 7.2.2 Global L1 Automatic Vehicle Sales Market Share by Application (2021-2032)
- 7.3 Global L1 Automatic Vehicle Price by Application
8 Company Profiles
- 8.1 GM
- 8.1.1 GM Company Information
- 8.1.2 GM Business Overview
- 8.1.3 GM L1 Automatic Vehicle Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.1.4 GM L1 Automatic Vehicle Product Portfolio
- 8.1.5 GM Recent Developments
- 8.2 Ford
- 8.2.1 Ford Company Information
- 8.2.2 Ford Business Overview
- 8.2.3 Ford L1 Automatic Vehicle Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.2.4 Ford L1 Automatic Vehicle Product Portfolio
- 8.2.5 Ford Recent Developments
- 8.3 Mercedes-Benz
- 8.3.1 Mercedes-Benz Company Information
- 8.3.2 Mercedes-Benz Business Overview
- 8.3.3 Mercedes-Benz L1 Automatic Vehicle Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.3.4 Mercedes-Benz L1 Automatic Vehicle Product Portfolio
- 8.3.5 Mercedes-Benz Recent Developments
- 8.4 Geely
- 8.4.1 Geely Company Information
- 8.4.2 Geely Business Overview
- 8.4.3 Geely L1 Automatic Vehicle Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.4.4 Geely L1 Automatic Vehicle Product Portfolio
- 8.4.5 Geely Recent Developments
- 8.5 Toyota
- 8.5.1 Toyota Company Information
- 8.5.2 Toyota Business Overview
- 8.5.3 Toyota L1 Automatic Vehicle Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.5.4 Toyota L1 Automatic Vehicle Product Portfolio
- 8.5.5 Toyota Recent Developments
- 8.6 BMW
- 8.6.1 BMW Company Information
- 8.6.2 BMW Business Overview
- 8.6.3 BMW L1 Automatic Vehicle Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.6.4 BMW L1 Automatic Vehicle Product Portfolio
- 8.6.5 BMW Recent Developments
- 8.7 Volkswagen Group
- 8.7.1 Volkswagen Group Company Information
- 8.7.2 Volkswagen Group Business Overview
- 8.7.3 Volkswagen Group L1 Automatic Vehicle Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.7.4 Volkswagen Group L1 Automatic Vehicle Product Portfolio
- 8.7.5 Volkswagen Group Recent Developments
- 8.8 Honda
- 8.8.1 Honda Company Information
- 8.8.2 Honda Business Overview
- 8.8.3 Honda L1 Automatic Vehicle Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.8.4 Honda L1 Automatic Vehicle Product Portfolio
- 8.8.5 Honda Recent Developments
- 8.9 SAIC
- 8.9.1 SAIC Company Information
- 8.9.2 SAIC Business Overview
- 8.9.3 SAIC L1 Automatic Vehicle Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.9.4 SAIC L1 Automatic Vehicle Product Portfolio
- 8.9.5 SAIC Recent Developments
- 8.10 Nissan
- 8.10.1 Nissan Company Information
- 8.10.2 Nissan Business Overview
- 8.10.3 Nissan L1 Automatic Vehicle Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.10.4 Nissan L1 Automatic Vehicle Product Portfolio
- 8.10.5 Nissan Recent Developments
- 8.11 BAIC
- 8.11.1 BAIC Company Information
- 8.11.2 BAIC Business Overview
- 8.11.3 BAIC L1 Automatic Vehicle Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.11.4 BAIC L1 Automatic Vehicle Product Portfolio
- 8.11.5 BAIC Recent Developments
- 8.12 Lifan
- 8.12.1 Lifan Company Information
- 8.12.2 Lifan Business Overview
- 8.12.3 Lifan L1 Automatic Vehicle Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.12.4 Lifan L1 Automatic Vehicle Product Portfolio
- 8.12.5 Lifan Recent Developments
- 8.13 Tesla
- 8.13.1 Tesla Company Information
- 8.13.2 Tesla Business Overview
- 8.13.3 Tesla L1 Automatic Vehicle Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.13.4 Tesla L1 Automatic Vehicle Product Portfolio
- 8.13.5 Tesla Recent Developments
9 North America
- 9.1 North America L1 Automatic Vehicle Market Size by Type
- 9.1.1 North America L1 Automatic Vehicle Revenue by Type (2021-2032)
- 9.1.2 North America L1 Automatic Vehicle Sales by Type (2021-2032)
- 9.1.3 North America L1 Automatic Vehicle Price by Type (2021-2032)
- 9.2 North America L1 Automatic Vehicle Market Size by Application
- 9.2.1 North America L1 Automatic Vehicle Revenue by Application (2021-2032)
- 9.2.2 North America L1 Automatic Vehicle Sales by Application (2021-2032)
- 9.2.3 North America L1 Automatic Vehicle Price by Application (2021-2032)
- 9.3 North America L1 Automatic Vehicle Market Size by Country
- 9.3.1 North America L1 Automatic Vehicle Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 North America L1 Automatic Vehicle Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 North America L1 Automatic Vehicle Price by Country (2021-2032)
- 9.3.4 United States
- 9.3.5 Canada
- 9.3.6 Mexico
10 Europe
- 10.1 Europe L1 Automatic Vehicle Market Size by Type
- 10.1.1 Europe L1 Automatic Vehicle Revenue by Type (2021-2032)
- 10.1.2 Europe L1 Automatic Vehicle Sales by Type (2021-2032)
- 10.1.3 Europe L1 Automatic Vehicle Price by Type (2021-2032)
- 10.2 Europe L1 Automatic Vehicle Market Size by Application
- 10.2.1 Europe L1 Automatic Vehicle Revenue by Application (2021-2032)
- 10.2.2 Europe L1 Automatic Vehicle Sales by Application (2021-2032)
- 10.2.3 Europe L1 Automatic Vehicle Price by Application (2021-2032)
- 10.3 Europe L1 Automatic Vehicle Market Size by Country
- 10.3.1 Europe L1 Automatic Vehicle Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 10.3.2 Europe L1 Automatic Vehicle Sales by Country (2021 VS 2025 VS 2032)
- 10.3.3 Europe L1 Automatic Vehicle Price by Country (2021-2032)
- 10.3.4 Germany
- 10.3.5 France
- 10.3.6 U.K.
- 10.3.7 Italy
- 10.3.8 Russia
- 10.3.9 Spain
- 10.3.10 Netherlands
- 10.3.11 Switzerland
- 10.3.12 Sweden
11 China
- 11.1 China L1 Automatic Vehicle Market Size by Type
- 11.1.1 China L1 Automatic Vehicle Revenue by Type (2021-2032)
- 11.1.2 China L1 Automatic Vehicle Sales by Type (2021-2032)
- 11.1.3 China L1 Automatic Vehicle Price by Type (2021-2032)
- 11.2 China L1 Automatic Vehicle Market Size by Application
- 11.2.1 China L1 Automatic Vehicle Revenue by Application (2021-2032)
- 11.2.2 China L1 Automatic Vehicle Sales by Application (2021-2032)
- 11.2.3 China L1 Automatic Vehicle Price by Application (2021-2032)
12 Asia (Excluding China)
- 12.1 Asia L1 Automatic Vehicle Market Size by Type
- 12.1.1 Asia L1 Automatic Vehicle Revenue by Type (2021-2032)
- 12.1.2 Asia L1 Automatic Vehicle Sales by Type (2021-2032)
- 12.1.3 Asia L1 Automatic Vehicle Price by Type (2021-2032)
- 12.2 Asia L1 Automatic Vehicle Market Size by Application
- 12.2.1 Asia L1 Automatic Vehicle Revenue by Application (2021-2032)
- 12.2.2 Asia L1 Automatic Vehicle Sales by Application (2021-2032)
- 12.2.3 Asia L1 Automatic Vehicle Price by Application (2021-2032)
- 12.3 Asia L1 Automatic Vehicle Market Size by Country
- 12.3.1 Asia L1 Automatic Vehicle Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 Asia L1 Automatic Vehicle Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 Asia L1 Automatic Vehicle Price by Country (2021-2032)
- 12.3.4 Japan
- 12.3.5 South Korea
- 12.3.6 India
- 12.3.7 Australia
- 12.3.8 Taiwan
- 12.3.9 Southeast Asia
13 South America, Middle East and Africa
- 13.1 SAMEA L1 Automatic Vehicle Market Size by Type
- 13.1.1 SAMEA L1 Automatic Vehicle Revenue by Type (2021-2032)
- 13.1.2 SAMEA L1 Automatic Vehicle Sales by Type (2021-2032)
- 13.1.3 SAMEA L1 Automatic Vehicle Price by Type (2021-2032)
- 13.2 SAMEA L1 Automatic Vehicle Market Size by Application
- 13.2.1 SAMEA L1 Automatic Vehicle Revenue by Application (2021-2032)
- 13.2.2 SAMEA L1 Automatic Vehicle Sales by Application (2021-2032)
- 13.2.3 SAMEA L1 Automatic Vehicle Price by Application (2021-2032)
- 13.3 SAMEA L1 Automatic Vehicle Market Size by Country
- 13.3.1 SAMEA L1 Automatic Vehicle Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 13.3.2 SAMEA L1 Automatic Vehicle Sales by Country (2021 VS 2025 VS 2032)
- 13.3.3 SAMEA L1 Automatic Vehicle Price by Country (2021-2032)
- 13.3.4 Brazil
- 13.3.5 Argentina
- 13.3.6 Chile
- 13.3.7 Colombia
- 13.3.8 Peru
- 13.3.9 Saudi Arabia
- 13.3.10 Israel
- 13.3.11 UAE
- 13.3.12 Turkey
- 13.3.13 Iran
- 13.3.14 Egypt
14 Value Chain and Sales Channels Analysis
- 14.1 L1 Automatic Vehicle Value Chain Analysis
- 14.1.1 L1 Automatic Vehicle Key Raw Materials
- 14.1.2 Raw Materials Key Suppliers
- 14.1.3 Manufacturing Cost Structure
- 14.1.4 L1 Automatic Vehicle Production Mode & Process
- 14.2 L1 Automatic Vehicle Sales Channels Analysis
- 14.2.1 Direct Comparison with Distribution Share
- 14.2.2 L1 Automatic Vehicle Distributors
- 14.2.3 L1 Automatic Vehicle Customers
15 Concluding Insights
16 Appendix
- 16.1 Reasons for Doing This Study
- 16.2 Research Methodology
- 16.3 Research Process
- 16.4 Authors List of This Report
- 16.5 Data Source
- 16.5.1 Secondary Sources
- 16.5.2 Primary Sources
- 16.6 Disclaimer
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