Big Data in Automotive Industry Insights and It is Segmented by Application (Product Development, Supply Chain and Manufacturing, OEM Warranty and Aftersales/Dealers, Connected Vehicle and Intelligent Transportation, and Sales, Marketing, and Other Applications) and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

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.

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.

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.

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%.

At around 16.8 percent, General Motors held the largest share of the auto market in the United States in 2024. General Motors remained the most successful automotive manufacturer in the United States. Between 2004 and 2021, however, the manufacturer lost market share, while that of Toyota rose as a result of an increased focus on light truck models in the lineup. This shifted in 2022, but 2023 led to another slight drop in market share of the American automaker. Asian manufacturers dominate non-domestic competition Among the non-domestic manufacturers, Asian automakers proved to be the most successful group. Asian car brands selling vehicles to customers in the United States include Toyota, Honda, Nissan, Hyundai, and Subaru. Toyota was also among the most valuable automotive brands worldwide as of June 2024. Both Toyota and Lexus were among the ten brands with the highest consumer satisfaction in the United States that same year. How many brands do auto manufacturers own? General Motors, Ford, and Toyota are the leading automotive manufacturers based on market share in the United States. The Ford Motor Company mainly sells vehicles under its namesake brand, while the Toyota Motor Corporation offers several brands, including Lexus and Toyota. General Motors sells vehicles under various brands, including Chevrolet, Buick, and GMC. In 2017, GM and PSA Group closed a deal in which the French carmaker acquired GM's Opel and Vauxhall brands.

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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

Global automobile market size was worth around $2810.63 billion in 2022 and is predicted to grow $3969.84 billion by 2030 with a CAGR of roughly 4.42%

In fiscal year 2024, two-wheelers had the highest share in the automotive industry across India by volume, more than 75 percent. That year, the south Asian country manufactured around 21.5 million two-wheelers, of which more than 3.5 million were exported.

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.

Market Trends, Drivers, Restraints, and Opportunities

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  Growing stringent emission norms is anticipated to boost the market growth during the forecast period.

  
  


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The Automotive Data Monetization Market Report is Segmented by Geography (North America, Europe, Asia-pacific, And the Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

According to Cognitive Market Research, the global Automotive Research And Development Services market size will be USD 19241.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 25.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 7696.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5772.48 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4425.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 962.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 384.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.9% from 2024 to 2031.
The Electronics & Electrical segment is the fastest-growing in the Automotive Research and Development Services Market, fueled by the increasing integration of advanced technologies in vehicles

Market Dynamics of Automotive Research And Development Services Market

Key Drivers for Automotive Research And Development Services Market

Growing Demand for Advanced Vehicle Technologies to Boost Market Growth

The automotive industry is witnessing a significant rise in consumer demand for advanced vehicle technologies, including electric powertrains, autonomous driving systems, and in-car connectivity. As consumers become more tech-savvy and environmentally conscious, automakers are prioritizing the development of innovative technologies to meet these expectations. This demand drives the need for automotive research and development services, as companies seek to stay competitive by introducing cutting-edge features. Continuous advancements in AI, machine learning, and sensor technologies also contribute to this growth, fueling R&D efforts for next-generation vehicles. For instance, In November 2022, IAV Automotive Engineering (IAV) launched a project which provides a method to find the emission from ICE vehicles on braking. It allows IAV to precisely evaluate the mass, number, and size of fine, ultra-fine particles generated during the braking process. This project was undertaken under the EU emission reduction project

Government Regulations and Sustainability Initiatives to Drive Market Growth

Governments across the globe are enforcing stricter environmental regulations and sustainability initiatives to reduce carbon emissions and promote energy-efficient vehicles. These regulations, coupled with rising concerns over climate change, are driving automakers to invest heavily in R&D to develop cleaner, more fuel-efficient vehicles. Electric vehicles (EVs), hybrid models, and low-emission technologies are in high demand, prompting the need for extensive research and development services. As regulations continue to evolve, automakers will need to adapt, presenting further opportunities for innovation and advancement in the automotive sector.

Restraint Factor for the Automotive Research And Development Services Market

High Costs of R&D and Infrastructure, will Limit Market Growth

One of the key restraints in the automotive research and development services market is the high cost associated with the research and innovation process. Developing new automotive technologies requires significant investments in infrastructure, equipment, and human resources. Companies must allocate substantial capital to fund R&D activities, including prototyping, testing, and compliance with safety and regulatory standards. Small to medium-sized manufacturers may find it difficult to bear these high costs, limiting their ability to engage in extensive R&D. The financial burden can hinder the pace of innovation, especially for companies looking to enter the competitive automotive market.

Impact of Covid-19 on the Automotive Research And Development Services Market

Covid-19 pandemic significantly impacted the Automotive Research and Development Services Market by causing disruptions in manufacturing, supply chai...

The Testing, Inspection, and Certification Market for the Automotive Industry Report is Segmented by Service Type (Testing, Inspection, and Certification), by Geography (Americas, Europe, Asia Pacific, Middle East and Africa), by Type of Vehicle (Traditional/ICE, Electric Vehicles), and by Category (Passenger, Commercial). The Market Sizes and Forecasts are Provided Regarding Value (USD) for all the Above Segments.

Ghana Automobile Industry Report is Segmented by Vehicle Type (Passenger Cars, Commercial Vehicles, Two-Wheelers, and Three-Wheelers), Propulsion (Internal Combustion Engine and Electric Vehicles), and Type (New Vehicles and Used Vehicles). The Report Offers the Market Size in Value Terms in USD for all the Above-Mentioned Segments.

The Report Includes Africa's Automotive Market Share and Car Sales by Country. The Market is Segmented by Vehicle Type (Passenger Cars and Commercial Vehicles) and Country (South Africa, Morocco, Algeria, Egypt, Nigeria, Ghana, Kenya, and the Rest of Africa). The Report Offers Market Size and Forecasts for all the Above Segments in Terms of Value (USD).

The Report Covers Global Automotive Engine Market Technology & Manufacturers and is Segmented by Placement Type (In-Line Engine, W Engine, and V-Type), Vehicle Type (passenger Car and Commercial Vehicle), Fuel Type (gasoline and Diesel), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Size and Forecast for the Automotive Engine in Terms of Value (USD Billion) for all the Above Segments.

The South America Automotive Industry Report is Segmented by Vehicle Type (Passenger Cars, Commercial Vehicles, and Two-Wheelers), Fuel (Diesel, Gasoline, Electric Vehicle, and Other Fuels), and Country (Brazil, Argentina, Chile, Peru, and Rest of South America). The Report Offers Market Sizes and Forecasts for the South America Automotive Market in Terms of Value (USD) for all the Above Segments.

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.

Why Choose Success.ai’s Automotive Industry Data?

1. Comprehensive Automotive Company Insights

   • Access verified firmographic details such as company size, revenue range, production capabilities, and geographic locations.
   • AI-driven validation ensures 99% accuracy, providing confidence in your data and streamlining outreach efforts.

2. Coverage of North American Automotive Markets

   • Includes profiles of manufacturers, Tier 1 and Tier 2 suppliers, dealerships, and service centers across the U.S., Canada, and Mexico.
   • Gain visibility into operational structures, market dynamics, and technology adoption trends unique to the North American automotive sector.

3. Continuously Updated Datasets

   • Real-time updates reflect leadership changes, market expansions, plant openings, and emerging business opportunities.
   • Stay ahead of industry trends and maintain alignment with the fast-paced automotive market.

4. Ethical and Compliant

   • Adheres to GDPR, CCPA, and other data privacy regulations, ensuring responsible and lawful use of company data in your campaigns.

Data Highlights:

• 170M+ Verified Professional Profiles: Connect with automotive executives, operations managers, engineers, and procurement specialists across North America.
• 30M Company Profiles: Access detailed insights into supply chains, dealership networks, and aftermarket providers.
• Business Location Data: Pinpoint facilities, plants, and distribution centers to refine supply chain strategies and customer engagement efforts.
• Firmographic Insights: Understand production capacities, specialization areas, and market positions of automotive businesses.

Key Features of the Dataset:

1. Decision-Maker Profiles in the Automotive Sector

   • Identify and engage with CEOs, COOs, plant managers, and R&D directors shaping production, procurement, and innovation strategies.
   • Target professionals influencing vehicle design, supplier contracts, and dealership networks.

2. Advanced Filters for Precision Targeting

   • Filter companies by segment (OEMs, aftermarket suppliers, EV manufacturers), geographic location, production volumes, or technology focus.
   • Tailor campaigns to align with regional trends, sustainability initiatives, and consumer preferences.

3. AI-Driven Enrichment

   • Profiles enriched with actionable data enable personalized messaging, highlight value propositions, and improve engagement outcomes with automotive stakeholders.

Strategic Use Cases:

1. Supplier and Vendor Development

   • Build relationships with Tier 1 and Tier 2 suppliers managing raw materials, components, or technology integrations.
   • Present products or services that enhance efficiency, cost savings, or compliance with sustainability regulations.

2. Market Entry and Expansion Strategies

   • Explore opportunities to enter new markets or expand into EV production, autonomous vehicles, or connected car technologies.
   • Analyze firmographics and location data to select regions or partners aligned with your business goals.

3. Technology and Innovation Outreach

   • Target R&D directors and engineering teams evaluating new technologies like robotics, IoT systems, or AI-driven production tools.
   • Position your solutions to support innovation in EVs, advanced manufacturing, or intelligent supply chains.

4. Dealership and Service Network Optimization

   • Engage with dealership owners and service managers to enhance customer experience, increase operational efficiency, or adopt digital platforms.
   • Present solutions for inventory management, CRM systems, or customer loyalty programs tailored to dealership needs.

Why Choose Success.ai?

1. Best Price Guarantee

   • Access premium-quality data at competitive prices, ensuring maximum ROI for sales, marketing, and operational initiatives targeting the automotive industry.

2. Seamless Integration

   • Incorporate verified automotive data into your CRM, marketing automation platforms, or supply chain management systems via APIs or downloadable formats.

3. Data Accuracy with AI Validation

   • Trust in 99% accuracy to guide data-driven d...

According to Cognitive Market Research, the global complete automotive market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.
The electric held the highest complete automotive market revenue share in 2024.

Market Dynamics of Complete Automotive Market

Key Drivers for Complete Automotive Market

Growing Interest in Improved Fuel Economy to Increase the Demand Globally

The increasing demand for cars with more efficient engines is driving the market's growth. Additionally, automakers are putting more effort into creating vehicles with reduced greenhouse gas (GHG) emissions and fuel consumption. Their utilization of low-cost parts and effective features has a big influence on overall automotive standards. Automakers are looking into new materials and forms for cars in an effort to reduce weight while increasing airflow. The development and supply logistics sectors' growing demand for avenue and transport expansion is thus anticipated to drive growth in the market for full automobiles. For instance, Panasonic Automotive Systems and Arm established a strategic alliance to standardize software-defined vehicle (SDV) automotive technology. From their active involvement in SOAFEE, a nationwide action that is promoting a stronger partnership in established software building across the automobile sector, both businesses have agreed on their shared vision of developing a software stack that is flexible enough to meet the needs of the automotive industry both now and in the years ahead.

Increasing Popularity in Electric Cars to Propel Market Growth

The complete automotive industry is driven by the growing popularity of electric vehicles. The government is promoting the sale of battery-operated cars by offering motorists financial rewards and improving the facilities necessary for electric automobiles, such as charging facilities across the nation, in response to the global decline in the atmosphere and increasing emission rates. The market for complete automotive is anticipated to grow along with the rise in revenues of electric automobiles. The municipality is investing a substantial amount of funds to stimulate the market for electric automobiles.

Restraint Factor for the Complete Automotive Market

Variable Pricing for Ingredients to Limit the Sales

The main components required to make vehicles are copper wires and steel framework. Availability of resources and price fluctuation are issues for suppliers and automakers. Variations in basic ingredient prices are restraining the worldwide automotive engine market's expansion. Furthermore, producers are unable to benefit from falling material prices due to extended supply agreements. Thus, if the resource or material's price drops, producers lose their edge and expense. Substantial production expenses and low consumption in emerging economies restrict the expansion of the market.

Impact of Covid-19 on the Complete Automotive Market

The COVID-19 pandemic has caused a great deal of economic and social disruption. The epidemic has impacted many firms' value chains and supply chains. This is also true of the whole automotive industry. Analysis of the COVID-19 pandemic's effects will be conducted from the viewpoints of the supply and demand sides of the business as a whole. Both immediate and long-term repercussions of the epidemic will be researched and examined. This would help all industry participants, especially suppliers...

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.