Global Automotive Outlook Size, Share, Trends, Technology & Growth 2025
Global light vehicle sales were 84.0 million units in 2024 and are projected to 85.1 million units in 2025, witnessing a YoY growth of 1.3% from 2024 to 2025.
The growth of light vehicle sales is influenced by various factors, such as the adoption of electric vehicles, especially hybrid vehicles, the development and manufacturing of long-range batteries, the introduction of autonomous vehicles...
Global Automotive Industry Outlook to Hit 96 Million Units by 2024
The global automotive market, by value, is estimated to be 92 Million Units in 2023 and is projected to reach 96 Million Units by 2024, at a growth rate of 5.0% from 2023 to 2024. In the near future, demand for recreational boat is expected to increase due to favourable investment made for boat industry.
While initial forecasts predicted a post-pandemic surge, the reality has been bumpier. Inflationary...
Top Trends Driving the Future of Automotive Industry
The Future of Automotive Industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%.
The growth of the automotive industry is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along with installation of fast and ultra-fast...