Automotive Market in US Emerging Technologies , Industry Outlook, Size, Growth Factors

Automotive Market in US was valued at USD15.9 Mn. in 2021 and is expected to grow at USD 37.8 Mn. in 2029. Automotive Market in US size is expected to grow at a CAGR of 13.17 % through the forecast period.

Automotive Market in US Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Automotive Market industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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What are Automotive Market in US Dynamics?

Market Dynamics & Influential Factors:

Rapid advancements in technology and stringent emission norms have pivoted the industry's focus towards electric vehicles, propelling market growth. Factors such as the aging vehicle population, increased miles driven per vehicle, and heightened road safety awareness bolster the automotive market's upward trajectory.

COVID-19 Impact and Market Challenges:

The COVID-19 pandemic precipitated a temporary halt in the automotive industry, disrupting global sales and operations. While recovery is on the horizon, changing raw material prices, supply chain disruptions, and geopolitical tensions present challenges to market growth.

Automotive Market in US Segmentation?

by Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Three Wheelers
• Two Wheelers

In 2021, the three-wheeler sector will have the biggest market share based on vehicle type. People frequently use three-wheelers as a form of short-distance transportation. The three-wheeler market benefits from Indian consumers' high price sensitivity since it offers affordable, short-distance passenger transportation. The country's expanding population is expected to sustain the need for transport, hence it is anticipated that demand will be constant over time. Because of their small size and restricted load carrying capability, three-wheelers are predicted to transition from conventional to electric vehicles earlier than their LCV counterparts. Since its introduction, e-rickshaws have been increasingly popular all over the nation, especially in tier 2 and tier 3 cities.

by Fuel Type

• Diesel
• Petrol
• Electric

by Service

• Mechanical
• Exterior and Structural
• Electrical and Electronics

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Who are Automotive Market in US Key Players?

• GM
• AM General
• Toyota
• Callaway Cars
• Equus Automotive
• Renault
• Hyundai Motor Group
• Ford
• FCA
• Honda
• Tesla
• Detroit Three
• Chrysler LLC
• Builk
• GMC
• Jeep
• Monro Inc.
• Firestone Complete Auto Care
• Jiffy Lube International, Inc.
• Midas International, LLC
• Meineke Car Care Centers, LLC.

Table of content for the Automotive Market in US includes:

Part 01: Executive Summary

Part 02: Scope of the Automotive Market in USt Report

Part 03: Global Automotive Market in US Landscape

Part 04: Automotive Market in US Sizing

Part 05: Automotive Market in US Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The global Automotive Market in US encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Military Land Vehicle Market is experiencing a rise in demand for electric vehicles, driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Automotive to bolster military capabilities.

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