Projection of Global Automotive Industry Market Size and CAGR for 2033 Revealed

Thursday, 14 March 2024, 08:00
The Global Automotive Industry market size is projected to exceed USD 6,861.45 billion by 2033, with a Compound Annual Growth Rate (CAGR) of 6.77%. This projection is based on a research report by Spherical Insights & Consulting regarding the exponential growth in the industry. Major companies covered in the report include Tesla Inc., Volkswagen AG, Hyundai Motor Company, and more, signifying a positive outlook for the sector.
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Projection of Global Automotive Industry Market Size and CAGR for 2033 Revealed

Global Automotive Industry Market Size Projection

The Global Automotive Industry Market Size was valued at USD 3,564.67 Billion in 2023 and is predicted to reach USD 6,861.45 Billion by 2033, indicating a projected growth rate of 6.77%.

Companies Covered in the Report:

  • Tesla Inc.
  • Volkswagen AG
  • Hyundai Motor Company
  • SAIC Motor Corp Ltd.
  • Nissan Motor Co Ltd

Other notable companies include Fiat S.P.A, General Motors, Mercedes-Benz Group AG, Ford Motor Company, Toyota Motor Corporation, and BYD Company Ltd., among others.

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