Motor vehicle and parts dealers in the United States had just under two million employees on their payrolls in June 2022. The number of motor vehicles and parts manufacturing employees amounted to roughly 990,600 people in June 2022, up from around 928,500 the same month a year earlier. This upward trend in employment does not match with the projected automobile demand in the United States, expected to drop in 2022.
The Chip Shortage Impacts The Industry Though sharply affected by the coronavirus pandemic, car sales already improved later in 2020. December 2020 showed a higher motor vehicle sales volume than any other month that year. Despite this encouraging rebound, sales dropped amid the automotive semiconductor chip shortage, which led to production cuts and a dwindling vehicle inventory in the U.S.
Effects of prolonged work stoppages and waning demand in 2020 Employees felt the effects of the coronavirus outbreak in the United States in 2020. Factories were closed for a period of time, and J.D. Powers estimated that the industry would produce between two and 2.5 million fewer vehicles, resulting in lost vehicle sales of up to about three million units.
Success.ai’s Verified Company Data for the Automotive Industry in North America provides businesses with reliable, detailed insights into automotive companies and decision-makers across the region.
Drawing from over 170 million verified professional profiles and 30 million company profiles, this dataset delivers comprehensive firmographic details, business locations, and direct contact information for automotive manufacturers, suppliers, dealerships, and service providers.
Whether you’re targeting OEMs, aftermarket suppliers, or dealership networks, Success.ai ensures your outreach and strategic initiatives are supported by accurate, continuously updated, and AI-validated data, all backed by our Best Price Guarantee.
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Coverage of North American Automotive Markets
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Data Highlights:
Key Features of the Dataset:
Decision-Maker Profiles in the Automotive Sector
Advanced Filters for Precision Targeting
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Strategic Use Cases:
Supplier and Vendor Development
Market Entry and Expansion Strategies
Technology and Innovation Outreach
Dealership and Service Network Optimization
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Germany Auto Industry: Vehicle Sales data was reported at 457,659.000 EUR mn in 2023. This records an increase from the previous number of 407,954.000 EUR mn for 2022. Germany Auto Industry: Vehicle Sales data is updated yearly, averaging 281,685.000 EUR mn from Dec 2002 (Median) to 2023, with 22 observations. The data reached an all-time high of 457,659.000 EUR mn in 2023 and a record low of 140,566.000 EUR mn in 2002. Germany Auto Industry: Vehicle Sales data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.RA001: Auto Industry Statistics.
This graph illustrates estimated worldwide research and development spending within the automotive sector from 2015 to 2018. In 2018, this industry's research and development expenditures are estimated to amount to around 100 billion U.S. dollars.
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Germany Auto Industry: Gross Capital Investment data was reported at 15,600.000 EUR mn in 2023. This records an increase from the previous number of 14,990.000 EUR mn for 2022. Germany Auto Industry: Gross Capital Investment data is updated yearly, averaging 13,345.000 EUR mn from Dec 2002 (Median) to 2023, with 22 observations. The data reached an all-time high of 16,835.000 EUR mn in 2018 and a record low of 8,800.000 EUR mn in 2006. Germany Auto Industry: Gross Capital Investment data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.RA001: Auto Industry Statistics.
Automotive Service Market Size 2024-2028
The automotive service market size is forecast to increase by USD 401.4 billion at a CAGR of 8.09% between 2023 and 2028.
The market is experiencing significant growth due to several key factors. The increasing vehicle population continues to drive demand for automotive repair and maintenance services. Furthermore, the automotive industry is undergoing a digital transformation with the integration of advanced technologies such as Electronic Access Control Systems (EACS) and automotive powertrain testing. Additionally, the rise of electric cars and mobility-as-a-service models are disrupting traditional business models, presenting both opportunities and challenges. The uncertainty In the automotive industry, including regulatory changes and economic factors, also impacts the market dynamics. The automotive parts sector is a crucial component of the service market, as the demand for replacement parts remains strong despite the shift towards electric vehicles.
Overall, the market is poised for growth, with a focus on innovation, adaptability, and customer satisfaction.
What will be the Size of the Automotive Service Market During the Forecast Period?
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The market encompasses aftermarket services for various types of vehicles, including cars, heavy commercial vehicles, two wheelers, and specialized vehicles. This market is driven by the continuous sales of new and used automobiles, as well as the demand for replacement parts and maintenance services for aging cars. Consumer habits and lifestyles are shifting towards shared mobility solutions, such as ride-hailing services, taxis, and car-sharing platforms.
Sustainability is also a growing concern, with an increasing focus on electric and hybrid vehicles, as well as the integration of connected car technologies and self-driving capabilities. The market is characterized by its size and diversity, with a wide range of players offering services related to vehicle components, repair and maintenance, software expertise, and online sales platforms.
Price sensitivity among customers remains a significant factor, as does the need for efficient repair times and profitability for service providers. The market is further influenced by the ongoing advancements in automotive technology, including sensors, internal combustion engines, and the integration of mobility fleet sharing.
How is this Automotive Service Industry segmented and which is the largest segment?
The automotive service industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Type
Mechanical services
Exterior and structural services
Maintenance services
Vehicle Type
Passenger cars
Light commercial vehicles
Two wheelers
Heavy commercial vehicles
Geography
North America
US
APAC
China
Japan
Europe
Germany
UK
South America
Middle East and Africa
By Type Insights
The mechanical services segment is estimated to witness significant growth during the forecast period.
The market encompasses various mechanical offerings, including oil filter changes, wiper blade replacement, tire installation, and battery replacement. The need for enhanced performance and dependability in contemporary vehicles drives the demand for advanced automotive services. The sales of vehicles, particularly passenger cars and light commercial vehicles, significantly influence the adoption of automotive services. In emerging economies, the growing economic activities have led to a surge in demand for commercial vehicles, especially light-duty ones. Minivans and other light commercial vehicles are extensively utilized for business applications such as intercity transportation, fueling the expansion of the light-duty commercial vehicles market and the subsequent demand for automotive services.
Additionally, the shift towards sustainability, consumer habits, mobility fleet sharing, and lifestyle trends, including the rise of special utility vehicles and electric or hybrid vehicles, are transforming the automotive components landscape and the associated maintenance services. Exterior and structural repairs, franchise general repairs, tire stores, and maintenance services for internal combustion engines, exterior components, and replacement parts are essential offerings In the automotive services market. The market is further segmented into maintenance and repair services for passenger cars, light commercial vehicles, heavy commercial vehicles, two wheelers, and various vehicle components. The market's profitability is influenced by factors such as repair time, price sensitivity, and the integration of sensors, connected car technologies, and self
The global automotive manufacturing market was worth about 2.86 trillion U.S. dollars in 2021. The market is projected to grow to some 2.95 trillion U.S. dollars in 2022. This growth is a slow recovery, still under the industry’s 2019 market size.
Automation and electrification drive market disruption
Automotive technology will change considerably in the next decade. Some 26 percent of new car sales globally are expected to be electric vehicles in 2030, and about 58 millions of new self-driving cars are projected to be added to the world’s fleet that year.
New opportunities in the supplier segment
Technological advancements begin to affect the type of parts that are required to complete the finished product. This allows for further segmentation in the auto supplier industry, particularly within the automotive electronics industry. The biggest changes to the automotive industry currently are automation and electrification. As autonomous and electric vehicles take over the market, electronic components, especially automotive semiconductors, will become even more important for automotive manufacturing.
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The US Automotive Service & Repair Industry is Segmented by Vehicle Type (Passenger Cars and Commercial Vehicles), Service Type (Mechanical, Exterior and Structural, and Electrical and Electronics), and Equipment Type (Tires, Seats, Batteries, and Other Equipment Types). The report offers market size and forecasts for the United States Automotive Service Market in value (USD Billion) for all the above segments.
The North America automotive market size was valued at USD 891.59 Billion in 2022 and is likely to reach USD 1.43 Trillion by 2031, expanding at a CAGR of 5.43% during the forecast period, 2023–2031. The growth of the market is attributed to the rising disposable income and rapid electrification of the automotive sector.
The automotive industry consists of a wide range of companies and organizations that are involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the largest industries by revenue. The automotive industry does not include maintenance of automobiles, delivery to the end-user, and motor fuel filling stations.
The automotive market activities include manufacturing of motor vehicles, which consist of components, such as engines and bodies, excluding tires, batteries, and production of fuel. The industry’s principal products are passenger automobiles and light trucks, which includes pickups, vans, and sport utility vehicles.
Commercial vehicles have wide range of products such as delivery trucks and large transport trucks. Light commercial vehicles weighs less than 3.5 metric tons and medium & heavy commercial vehicles that are greater than 3.5 metric tons includes trucks and buses. Two-wheelers include all types of motorcycles such as street bikes, dual-purpose, and off-road recreation. Robotic equipment are increasing utilized for the production of automated machinery. This, in turn, is expected to ramp up the production of cars in the region.
Growing stringent emission norms is anticipated to boost the market growth during the forecast period.
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The North America Automotive Industry is Segmented by Vehicle Type (Passenger Cars, Commercial Vehicles (Light Commercial Vehicles and Medium and Heavy Commercial Vehicles), and Two-wheelers) and Geography (United States, Canada, and the Rest of North America). The report offers market size and forecast in value (USD million) for the above segments.
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The Automotive Market estimated size and share is projected to exceed USD 7,705.52 billion by 2034, with a forecasted CAGR of 6.8% during the period.
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Germany Auto Industry: Number of Employees: Average data was reported at 465,777.000 Person in 2023. This records an increase from the previous number of 460,632.000 Person for 2022. Germany Auto Industry: Number of Employees: Average data is updated yearly, averaging 426,575.000 Person from Dec 2002 (Median) to 2023, with 22 observations. The data reached an all-time high of 486,109.000 Person in 2018 and a record low of 392,118.000 Person in 2006. Germany Auto Industry: Number of Employees: Average data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.RA001: Auto Industry Statistics.
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The US Automotive Market size was worth around USD 4.35 billion in 2023 and is predicted to grow to around USD 10.67 billion by 2032 with a CAGR of roughly 10.5%.
In 2024, the ranking of the world’s largest car brands was topped by Toyota with a market share of around 10.7 percent. The Toyota brand is owned by Japan's Toyota Motor Corporation, the world's largest motor vehicle manufacturer. New trends in the auto industry In light of growing environmental awareness and increasing efforts to connect vehicles, automotive manufacturers are faced with a variety of new challenges. Market trends such as the shift to lighter materials, as well as the trend towards electric and autonomous vehicles are set to revolutionize the industry. Palo Alto-based Tesla Motors is currently among those at the vanguard of the trend towards electrification, along with the Chinese car manufacturer BYD. Tesla delivered nearly 1.79 million vehicles in 2024, meaning that Volkswagen Group's sales tally is over five times as much. The state of the global auto industry Car sales worldwide have dipped between 2019 and 2020 as a result of the economic downturn generated by the COVID-19 pandemic. 2021 sales recovered, despite remaining below 2019 levels, but supply chain shortages led to a slow recovery of sales in 2022. By the end of 2023, the global car sales volume had grown over pre-pandemic levels. China was the largest automobile market based on new passenger car registrations, recording close to 25.8 million units sold. It was followed by the United States and Europe. China was also the leading passenger car producing country in 2023.
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The Report Covers Global Automotive Safety Systems Industry Share & Analysis. The Market is Segmented by System Type (Lane Departure Warning System and Other Board Safety Systems), End-User Type (OEM and Aftermarket), Vehicle Type (Passenger Cars and Commercial Vehicles), and Geography (North America, Europe, Asia-Pacific, Rest of the World). The Market Size and Forecasts for Automotive Safety Systems are provided in terms of Value (USD billion) for the Above-mentioned segments.
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Explore the top import markets for passenger cars, their key statistics, and the significant players in these markets. Find out the import values of countries like the United States, Germany, China, and more. Gain insights into the global automotive industry with IndexBox market intelligence.
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The Global Automotive Artificial Intelligence Market is segmented by vehicle type (Passenger Vehicles and Commercial vehicles), offering type (hardware and software), level of autonomy (semi-autonomous and fully autonomous), technology (machine learning, deep learning, natural language processing, and computer vision) and geography(North America, Europe, Asia-Pacific South America, and Middle East and Africa). The report offers market size and forecasts for Automotive Composites in Volume and Value (in USD billion) for all the above segments.
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The report covers Automotive Industry Financial Trends and is Segmented by Type (New Vehicle and Used Vehicle), Source Type (OEMs, Banks, Credit Union, and Financial Institutions), Vehicle Type (Passenger Cars and Commercial Vehicle), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecasts for the market in terms of value (USD billion) for all the above segments.
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Germany Auto Industry: Parts & Accessories Production: Sales: Foreign data was reported at 40,827.000 EUR mn in 2023. This records an increase from the previous number of 36,517.000 EUR mn for 2022. Germany Auto Industry: Parts & Accessories Production: Sales: Foreign data is updated yearly, averaging 28,203.500 EUR mn from Dec 2002 (Median) to 2023, with 22 observations. The data reached an all-time high of 40,827.000 EUR mn in 2023 and a record low of 16,277.000 EUR mn in 2009. Germany Auto Industry: Parts & Accessories Production: Sales: Foreign data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.RA001: Auto Industry Statistics.
Number of employees and average weekly earnings (including overtime) for all employees in the automotive industry, based on the North American Industry Classification System (NAICS), last 5 months.
Motor vehicle and parts dealers in the United States had just under two million employees on their payrolls in June 2022. The number of motor vehicles and parts manufacturing employees amounted to roughly 990,600 people in June 2022, up from around 928,500 the same month a year earlier. This upward trend in employment does not match with the projected automobile demand in the United States, expected to drop in 2022.
The Chip Shortage Impacts The Industry Though sharply affected by the coronavirus pandemic, car sales already improved later in 2020. December 2020 showed a higher motor vehicle sales volume than any other month that year. Despite this encouraging rebound, sales dropped amid the automotive semiconductor chip shortage, which led to production cuts and a dwindling vehicle inventory in the U.S.
Effects of prolonged work stoppages and waning demand in 2020 Employees felt the effects of the coronavirus outbreak in the United States in 2020. Factories were closed for a period of time, and J.D. Powers estimated that the industry would produce between two and 2.5 million fewer vehicles, resulting in lost vehicle sales of up to about three million units.