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

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐔𝐒 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐰𝐢𝐭𝐡 𝐍𝐨𝐭𝐚𝐛𝐥𝐞 𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐀𝐜𝐫𝐨𝐬𝐬 𝐊𝐞𝐲 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐠𝐢𝐨𝐧𝐬

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.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

𝑻𝒆𝒄𝒉𝒏𝒐𝒍𝒐𝒈𝒊𝒄𝒂𝒍 𝑨𝒅𝒗𝒂𝒏𝒄𝒆𝒎𝒆𝒏𝒕𝒔:The integration of cutting-edge technologies is enhancing vehicle performance and safety, driving consumer demand.
𝑮𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝑰𝒏𝒊𝒕𝒊𝒂𝒕𝒊𝒗𝒆𝒔: Supportive policies and incentives are fostering industry growth and innovation.
𝑪𝒐𝒏𝒔𝒖𝒎𝒆𝒓 𝑷𝒓𝒆𝒇𝒆𝒓𝒆𝒏𝒄𝒆𝒔:A shift towards electric and hybrid vehicles is reshaping market dynamics.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐫𝐢𝐠𝐡𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/86405/

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬:

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

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐔𝐒 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:

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

𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝒊𝒏 𝑼𝑺 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒊𝒏 𝑽𝒊𝒆𝒕𝒏𝒂𝒎'𝒔 𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑺𝒆𝒄𝒕𝒐𝒓

Vietnam's automotive industry is attracting substantial foreign investment, particularly in the electric vehicle segment. Notably, 𝐕𝐢𝐧𝐅𝐚𝐬𝐭, a Vietnamese automaker, has expanded its operations and is making significant strides in the global EV market.

𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝒊𝒏 𝑼𝑺 𝑪𝒐𝒏𝒔𝒐𝒍𝒊𝒅𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 𝑻𝒉𝒂𝒊𝒍𝒂𝒏𝒅'𝒔 𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑰𝒏𝒅𝒖𝒔𝒕𝒓𝒚

Thailand remains a pivotal automotive manufacturing hub in Southeast Asia. In 2024, 𝐁𝐘𝐃, a leading Chinese EV manufacturer, acquired a 20% stake in Thai dealer 𝐑𝐞𝐯𝐞𝐫 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞, strengthening its presence in the Thai market and underscoring Thailand's role in the regional automotive landscape.

𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝒊𝒏 𝑼𝑺 𝑻𝒓𝒆𝒏𝒅𝒔 𝒊𝒏 𝑱𝒂𝒑𝒂𝒏'𝒔 𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑴𝒂𝒓𝒌𝒆𝒕

Japanese automakers are exploring strategic collaborations to enhance competitiveness. In late 2024, 𝐍𝐢𝐬𝐬𝐚𝐧 𝐚𝐧𝐝 𝐇𝐨𝐧𝐝𝐚 confirmed they are exploring merger talks, aiming to create the world's third-largest automaker and better compete in the evolving automotive landscape.

𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝒊𝒏 𝑼𝑺 𝑮𝒓𝒐𝒘𝒕𝒉 𝒊𝒏 𝑺𝒐𝒖𝒕𝒉 𝑲𝒐𝒓𝒆𝒂'𝒔 𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑺𝒆𝒄𝒕𝒐𝒓

South Korea's automotive industry is focusing on innovation and expansion. In 2011, 𝐌𝐚𝐡𝐢𝐧𝐝𝐫𝐚 & 𝐌𝐚𝐡𝐢𝐧𝐝𝐫𝐚 acquired a majority stake in South Korean automaker 𝐒𝐬𝐚𝐧𝐠𝐘𝐨𝐧𝐠 𝐌𝐨𝐭𝐨𝐫 𝐂𝐨𝐦𝐩𝐚𝐧𝐲, expanding its global enterprise and enhancing its presence in the SUV market.

𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝒊𝒏 𝑼𝑺 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒊𝒏 𝑺𝒊𝒏𝒈𝒂𝒑𝒐𝒓𝒆'𝒔 𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑳𝒂𝒏𝒅𝒔𝒄𝒂𝒑𝒆

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.

𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝒊𝒏 𝑼𝑺 𝑮𝒓𝒐𝒘𝒕𝒉 𝒊𝒏 𝑼𝑺

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.

𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝒊𝒏 𝑼𝑺 𝑻𝒓𝒆𝒏𝒅𝒔 𝒊𝒏 𝑪𝒉𝒊𝒏𝒂'𝒔 𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑰𝒏𝒅𝒖𝒔𝒕𝒓𝒚

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.

𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝒊𝒏 𝑼𝑺 𝑪𝒐𝒏𝒔𝒐𝒍𝒊𝒅𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 𝑬𝒖𝒓𝒐𝒑𝒆'𝒔 𝑨𝒖𝒕𝒐𝒎𝒐𝒕𝒊𝒗𝒆 𝑺𝒆𝒄𝒕𝒐𝒓

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.

𝐅𝐨𝐫 𝐚 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐨𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐬𝐭𝐮𝐝𝐲, 𝐧𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐭𝐨: https://www.maximizemarketresearch.com/request-sample/86405/

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐔𝐒 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝐛𝐲 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐓𝐲𝐩𝐞

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

𝐛𝐲 𝐅𝐮𝐞𝐥 𝐓𝐲𝐩𝐞

• Diesel
• Petrol
• Electric

𝐛𝐲 𝐒𝐞𝐫𝐯𝐢𝐜𝐞

• Mechanical
• Exterior and Structural
• Electrical and Electronics

𝐛𝐲 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭

• Tires
• Seats
• Batteries
• 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.

𝐓𝐨 𝐚𝐜𝐜𝐞𝐬𝐬 𝐦𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐫𝐞𝐠𝐚𝐫𝐝𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐯𝐢𝐬𝐢𝐭 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐰𝐞𝐛𝐩𝐚𝐠𝐞: https://www.maximizemarketresearch.com/request-sample/86405/

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.

𝐒𝐭𝐚𝐲 𝐚𝐡𝐞𝐚𝐝 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐫𝐯𝐞 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐭𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐟𝐫𝐨𝐦 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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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/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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