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...