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Automotive Market in US Forecasts 13.17% CAGR Through 2030 Amid Global Industry Consolidation

Automotive Market in US

Automotive Market in US

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐”๐’ ๐๐จ๐ข๐ฌ๐ž๐ ๐Ÿ๐จ๐ซ ๐’๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ฐ๐ข๐ญ๐ก ๐๐จ๐ญ๐š๐›๐ฅ๐ž ๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐€๐œ๐ซ๐จ๐ฌ๐ฌ ๐Š๐ž๐ฒ ๐†๐ฅ๐จ๐›๐š๐ฅ ๐‘๐ž๐ ๐ข๐จ๐ง๐ฌ

The Automotive Market in US is on a robust growth trajectory, with projections indicating an expansion from USD 15.9 Mn in 2023 to USD 37.8 Mn by 2029, reflecting a compound annual growth rate (CAGR) of 13.17% during the forecast period.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:

๐‘ป๐’†๐’„๐’‰๐’๐’๐’๐’๐’ˆ๐’Š๐’„๐’‚๐’ ๐‘จ๐’…๐’—๐’‚๐’๐’„๐’†๐’Ž๐’†๐’๐’•๐’”:The integration of cutting-edge technologies is enhancing vehicle performance and safety, driving consumer demand.
๐‘ฎ๐’๐’—๐’†๐’“๐’๐’Ž๐’†๐’๐’• ๐‘ฐ๐’๐’Š๐’•๐’Š๐’‚๐’•๐’Š๐’—๐’†๐’”: Supportive policies and incentives are fostering industry growth and innovation.
๐‘ช๐’๐’๐’”๐’–๐’Ž๐’†๐’“ ๐‘ท๐’“๐’†๐’‡๐’†๐’“๐’†๐’๐’„๐’†๐’”:A shift towards electric and hybrid vehicles is reshaping market dynamics.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ซ๐ข๐ ๐ก๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/86405/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ:

The global automotive industry is witnessing significant consolidation, with notable mergers and acquisitions aimed at enhancing market presence and technological capabilities.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐”๐’ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ:

The EV segment is experiencing rapid growth, with increasing consumer adoption and infrastructure development.

๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ:

๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐’Š๐’ ๐‘ผ๐‘บ ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘ฝ๐’Š๐’†๐’•๐’๐’‚๐’Ž'๐’” ๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘บ๐’†๐’„๐’•๐’๐’“

Vietnam's automotive industry is attracting substantial foreign investment, particularly in the electric vehicle segment. Notably, ๐•๐ข๐ง๐…๐š๐ฌ๐ญ, a Vietnamese automaker, has expanded its operations and is making significant strides in the global EV market.

๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐’Š๐’ ๐‘ผ๐‘บ ๐‘ช๐’๐’๐’”๐’๐’๐’Š๐’…๐’‚๐’•๐’Š๐’๐’ ๐’Š๐’ ๐‘ป๐’‰๐’‚๐’Š๐’๐’‚๐’๐’…'๐’” ๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘ฐ๐’๐’…๐’–๐’”๐’•๐’“๐’š

Thailand remains a pivotal automotive manufacturing hub in Southeast Asia. In 2024, ๐๐˜๐ƒ, a leading Chinese EV manufacturer, acquired a 20% stake in Thai dealer ๐‘๐ž๐ฏ๐ž๐ซ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž, strengthening its presence in the Thai market and underscoring Thailand's role in the regional automotive landscape.

๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐’Š๐’ ๐‘ผ๐‘บ ๐‘ป๐’“๐’†๐’๐’…๐’” ๐’Š๐’ ๐‘ฑ๐’‚๐’‘๐’‚๐’'๐’” ๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’•

Japanese automakers are exploring strategic collaborations to enhance competitiveness. In late 2024, ๐๐ข๐ฌ๐ฌ๐š๐ง ๐š๐ง๐ ๐‡๐จ๐ง๐๐š confirmed they are exploring merger talks, aiming to create the world's third-largest automaker and better compete in the evolving automotive landscape.

๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐’Š๐’ ๐‘ผ๐‘บ ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐’Š๐’ ๐‘บ๐’๐’–๐’•๐’‰ ๐‘ฒ๐’๐’“๐’†๐’‚'๐’” ๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘บ๐’†๐’„๐’•๐’๐’“

South Korea's automotive industry is focusing on innovation and expansion. In 2011, ๐Œ๐š๐ก๐ข๐ง๐๐ซ๐š & ๐Œ๐š๐ก๐ข๐ง๐๐ซ๐š acquired a majority stake in South Korean automaker ๐’๐ฌ๐š๐ง๐ ๐˜๐จ๐ง๐  ๐Œ๐จ๐ญ๐จ๐ซ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ฒ, expanding its global enterprise and enhancing its presence in the SUV market.

๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐’Š๐’ ๐‘ผ๐‘บ ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘บ๐’Š๐’๐’ˆ๐’‚๐’‘๐’๐’“๐’†'๐’” ๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘ณ๐’‚๐’๐’…๐’”๐’„๐’‚๐’‘๐’†

Singapore serves as a strategic hub for automotive companies in Southeast Asia. In 2022, VinFast announced plans to shift its legal and financial headquarters to Singapore, aiming to leverage the city-state's investor-friendly environment and enhance its global operations.

๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐’Š๐’ ๐‘ผ๐‘บ ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐’Š๐’ ๐‘ผ๐‘บ

The Automotive Market in US is projected to grow from USD 1 trillion in 2023 to USD 1.75 trillion by 2032, exhibiting a CAGR of 6.40% during the forecast period. This growth is driven by technological advancements, supportive government policies, and increasing consumer demand for electric and hybrid vehicles.

๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐’Š๐’ ๐‘ผ๐‘บ ๐‘ป๐’“๐’†๐’๐’…๐’” ๐’Š๐’ ๐‘ช๐’‰๐’Š๐’๐’‚'๐’” ๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘ฐ๐’๐’…๐’–๐’”๐’•๐’“๐’š

China continues to dominate the global automotive market, particularly in the electric vehicle segment. Chinese automakers are expanding their global footprint through strategic investments and partnerships, contributing to the industry's dynamic landscape.

๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐’Š๐’ ๐‘ผ๐‘บ ๐‘ช๐’๐’๐’”๐’๐’๐’Š๐’…๐’‚๐’•๐’Š๐’๐’ ๐’Š๐’ ๐‘ฌ๐’–๐’“๐’๐’‘๐’†'๐’” ๐‘จ๐’–๐’•๐’๐’Ž๐’๐’•๐’Š๐’—๐’† ๐‘บ๐’†๐’„๐’•๐’๐’“

European automakers are facing challenges due to increased competition and market saturation. In response, companies are exploring mergers and strategic alliances to maintain market share and drive innovation in the electric vehicle segment.

๐…๐จ๐ซ ๐š ๐œ๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐จ๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ, ๐ง๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐ญ๐จ: https://www.maximizemarketresearch.com/request-sample/86405/

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐”๐’ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

๐›๐ฒ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž

โ€ข Passenger Cars
โ€ข Commercial Vehicles
โ€ข Three Wheelers
โ€ข Two Wheelers

๐›๐ฒ ๐…๐ฎ๐ž๐ฅ ๐“๐ฒ๐ฉ๐ž

โ€ข Diesel
โ€ข Petrol
โ€ข Electric

๐›๐ฒ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž

โ€ข Mechanical
โ€ข Exterior and Structural
โ€ข Electrical and Electronics

๐›๐ฒ ๐„๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ

โ€ข Tires
โ€ข Seats
โ€ข Batteries
โ€ข Other Equipment Types

In 2021, the three-wheeler sector has the biggest market share based on vehicle type. People frequently use three-wheelers for short-distance transportation. The three-wheeler market benefits from Indian consumers' high price sensitivity since it offers affordable short-distance passenger transportation. Because of the nation's expanding population, which sustains the need for transportation, the demand is anticipated to stay constant throughout time. Due to their tiny size and limited load-carrying capability, three-wheelers are predicted to see a change from conventional to electric vehicles sooner than their LCV counterparts. Demand for e-rickshaws has already been generated nationwide by their introduction, primarily in tier 2 and tier 3 cities.

๐“๐จ ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐ซ๐ž๐ ๐š๐ซ๐๐ข๐ง๐  ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฐ๐ž๐›๐ฉ๐š๐ ๐ž: https://www.maximizemarketresearch.com/request-sample/86405/

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐”๐’ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

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

๐’๐ญ๐š๐ฒ ๐š๐ก๐ž๐š๐ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐ฎ๐ซ๐ฏ๐ž ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ž ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐ซ๐จ๐ฆ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Global High-efficiency Particulate Air (HEPA) Filters Market https://www.maximizemarketresearch.com/market-report/global-high-efficiency-particulate-air-hepa-filters-market/107411/

Global Non-breathable Films Market https://www.maximizemarketresearch.com/market-report/global-non-breathable-films-market/44746/

Global Automotive Perimeter Monitoring System Market https://www.maximizemarketresearch.com/market-report/global-automotive-perimeter-monitoring-system-market/74021/

Global Image Processing Systems Market https://www.maximizemarketresearch.com/market-report/global-image-processing-systems-market/46445/

Global Dissolved Gas Analyzer (DGA) Market https://www.maximizemarketresearch.com/market-report/global-dissolved-gas-analyzer-dga-market/35283/

Dementia Care Products Market https://www.maximizemarketresearch.com/market-report/global-dementia-care-products-market/24987/

DevOps Certification Service Market https://www.maximizemarketresearch.com/market-report/global-devops-certification-service-market/79809/

Global Sports Apparel Embellishment Market https://www.maximizemarketresearch.com/market-report/global-sports-apparel-embellishment-market/35918

Note Taking App Market https://www.maximizemarketresearch.com/market-report/note-taking-app-market/148234/

Global Automated Waste Collection System (AWCS) Market https://www.maximizemarketresearch.com/market-report/global-automated-waste-collection-system-awcs-market/88188/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

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According to a new report by Maximize Market Research, the global Clinical Trials Market was valued at USD 54.83 billion in 2024 and is projected to reach USD 88.26 billion by 2032, growing at a CAGR of 6.13%. A major surge in biopharmaceutical R&D and oncology-focused studies is driving the global clinical trials market toward nearly USD 88.26 billion by 2032 at a 6.13% CAGR. โ–บ Get a sample of theโ€ฆ
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5.16% Driven
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5 โ€ฆ
Turbo Trainer Market size was valued at USD 281.52 Mn. in 2024 and the total Turbo Trainer revenue is expected to grow at 5.16% through 2025 to 2032, reaching nearly USD 421.03 Mn. Turbo Trainer Market Overview: The Turbo Trainer Market is witnessing significant growth as fitness enthusiasts increasingly adopt indoor cycling equipment for year-round training. Turbo trainers, which allow users to convert regular bicycles into stationary exercise machines, have become essentialโ€ฆ
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of 7% Driven
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of โ€ฆ
Sodium Acetate Market size was valued at USD 206.17 Million in 2024, and the total revenue is expected to grow at CAGR of 7 % from 2025 to 2032, reaching nearly USD 354.24 Million. Sodium Acetate Market Overview: The Sodium Acetate Market is experiencing steady growth due to its widespread applications across industries such as food and beverage, pharmaceuticals, textiles, and chemical manufacturing. Sodium acetate, a versatile salt of acetic acid, isโ€ฆ
India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR -
India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR - "India Tire โ€ฆ
According to a new report by Maximize Market Research, the India tire market was valued at approximately USD 13.4 billion in 2024 and is expected to climb to USD 27.6 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.6 %. The growth is underpinned by increasing automotive production, growing replacement demand, and rising adoption of radial tyres. โ–บ Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/21022/ โ™ฆ Key Highlights Market sizeโ€ฆ

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