Global Automotive Outlook worth 85.1 million units in 2025
Light vehicle sales worldwide are expected to increase by 1.3% year over year from 2024 to 2025, from 84.0 million units in 2024 to 85.1 million units in 2025.
A number of factors, including the adoption of electric vehicles, particularly hybrids, the development and production of long-range batteries, the introduction of autonomous vehicles and the steps OEMs are taking to commercialize them,...
Automotive Lighting Market Size to Hit USD 30.4 Billion by 2030
The Automotive Lighting market size is projected to grow from USD 22.5 Billion in 2023 to USD 30.4 Billion by 2030 at a CAGR of 4.4% during the forecast period. The growing sales of luxury vehicles in developed countries and SUVs in developing countries primarily drive lighting sales. The luxury vehicles are mostly equipped with advanced lighting technologies, driving the demand of the automotive...
Future Of Automotive Industry Size, Share, Trends, Demand, Growth & Forecast 2030
The automotive industry Size, 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...