Future of Automotive industry Size worth 104 million units by 2030
The 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 charging...
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,...