Press release
Automotive Market in US Forecasts 13.17% CAGR Through 2030 Amid Global Industry Consolidation
Automotive Market in US
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.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
๐ป๐๐๐๐๐๐๐๐๐๐๐๐ ๐จ๐ ๐๐๐๐๐๐๐๐๐๐:The integration of cutting-edge technologies is enhancing vehicle performance and safety, driving consumer demand.
๐ฎ๐๐๐๐๐๐๐๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐๐: Supportive policies and incentives are fostering industry growth and innovation.
๐ช๐๐๐๐๐๐๐ ๐ท๐๐๐๐๐๐๐๐๐๐:A shift towards electric and hybrid vehicles is reshaping market dynamics.
๐๐๐๐๐ฌ๐ฌ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ซ๐ข๐ ๐ก๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/86405/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ:
The global automotive industry is witnessing significant consolidation, with notable mergers and acquisitions aimed at enhancing market presence and technological capabilities.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐๐ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ:
The EV segment is experiencing rapid growth, with increasing consumer adoption and infrastructure development.
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
๐จ๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐๐ ๐ผ๐บ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ฝ๐๐๐๐๐๐'๐ ๐จ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐๐
Vietnam's automotive industry is attracting substantial foreign investment, particularly in the electric vehicle segment. Notably, ๐๐ข๐ง๐ ๐๐ฌ๐ญ, a Vietnamese automaker, has expanded its operations and is making significant strides in the global EV market.
๐จ๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐๐ ๐ผ๐บ ๐ช๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐ป๐๐๐๐๐๐๐ '๐ ๐จ๐๐๐๐๐๐๐๐๐ ๐ฐ๐๐ ๐๐๐๐๐
Thailand remains a pivotal automotive manufacturing hub in Southeast Asia. In 2024, ๐๐๐, a leading Chinese EV manufacturer, acquired a 20% stake in Thai dealer ๐๐๐ฏ๐๐ซ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐, strengthening its presence in the Thai market and underscoring Thailand's role in the regional automotive landscape.
๐จ๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐๐ ๐ผ๐บ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฑ๐๐๐๐'๐ ๐จ๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐
Japanese automakers are exploring strategic collaborations to enhance competitiveness. In late 2024, ๐๐ข๐ฌ๐ฌ๐๐ง ๐๐ง๐ ๐๐จ๐ง๐๐ confirmed they are exploring merger talks, aiming to create the world's third-largest automaker and better compete in the evolving automotive landscape.
๐จ๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐๐ ๐ผ๐บ ๐ฎ๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐ ๐ฒ๐๐๐๐'๐ ๐จ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐๐
South Korea's automotive industry is focusing on innovation and expansion. In 2011, ๐๐๐ก๐ข๐ง๐๐ซ๐ & ๐๐๐ก๐ข๐ง๐๐ซ๐ acquired a majority stake in South Korean automaker ๐๐ฌ๐๐ง๐ ๐๐จ๐ง๐ ๐๐จ๐ญ๐จ๐ซ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ, expanding its global enterprise and enhancing its presence in the SUV market.
๐จ๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐๐ ๐ผ๐บ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐๐๐๐๐'๐ ๐จ๐๐๐๐๐๐๐๐๐ ๐ณ๐๐๐ ๐๐๐๐๐
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.
๐จ๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐๐ ๐ผ๐บ ๐ฎ๐๐๐๐๐ ๐๐ ๐ผ๐บ
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.
๐จ๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐๐ ๐ผ๐บ ๐ป๐๐๐๐ ๐ ๐๐ ๐ช๐๐๐๐'๐ ๐จ๐๐๐๐๐๐๐๐๐ ๐ฐ๐๐ ๐๐๐๐๐
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.
๐จ๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐๐ ๐ผ๐บ ๐ช๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐ฌ๐๐๐๐๐'๐ ๐จ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐๐
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 ๐จ๐ซ ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ, ๐ง๐๐ฏ๐ข๐ ๐๐ญ๐ ๐ญ๐จ: https://www.maximizemarketresearch.com/request-sample/86405/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐๐ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐
โข Passenger Cars
โข Commercial Vehicles
โข Three Wheelers
โข Two Wheelers
๐๐ฒ ๐ ๐ฎ๐๐ฅ ๐๐ฒ๐ฉ๐
โข Diesel
โข Petrol
โข Electric
๐๐ฒ ๐๐๐ซ๐ฏ๐ข๐๐
โข Mechanical
โข Exterior and Structural
โข Electrical and Electronics
๐๐ฒ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ
โข Tires
โข Seats
โข Batteries
โข 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.
๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐ซ๐๐ ๐๐ซ๐๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฐ๐๐๐ฉ๐๐ ๐: https://www.maximizemarketresearch.com/request-sample/86405/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
โข GM
โข AM General
โข Toyota
โข Callaway Cars
โข Equus Automotive
โข Renault
โข Hyundai Motor Group
โข Ford
โข FCA
โข Honda
โข Tesla
โข Detroit Three
โข Chrysler LLC
โข Builk
โข GMC
โข Jeep
โข Monro Inc.
โข Firestone Complete Auto Care
โข Jiffy Lube International, Inc.
โข Midas International, LLC
โข Meineke Car Care Centers, LLC.
๐๐ญ๐๐ฒ ๐๐ก๐๐๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐ฏ๐ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐ซ๐จ๐ฆ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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