In 2024, the ranking of the world’s largest car brands was topped by Toyota with a market share of around **** 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 **** million vehicles in 2024, meaning that Volkswagen Group's sales tally is over **** 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 **** million units sold. It was followed by the United States and Europe. China was also the leading passenger car producing country in 2024.

The Volkswagen Group accounted for over ******* of new car registrations in the European market between January and December 2024. That year, the automaker sold some *** million units, roughly *** million units more than the manufacturer's closest rival. Stellantis becomes Europe's second largest auto manufacturer Second-placed Stellantis comprises 14 brands, including Opel and Vauxhall, two brands previously owned by General Motors, in 2017. Stellantis was formed by the merger of FCA and PSA. Incentives offered by the French government fuelled demand in PSA's domestic market, France. However, the French market crumbled in Autumn 2020 and Germany remained as Europe's leading passenger car market. In May 2021, German manufacturers – Volkswagen and peer automakers Daimler and BMW – held just under ** percent of the European market. European car sales collapsed during the pandemic Between January and December 2020, passenger car sales in Europe decreased by about ** percent to roughly ** million units. Sales began to tank mid-March, amid the coronavirus pandemic in Europe. Year-on-year sales were still down ** percent in May 2020, but car sales began to bounce back as economies reopened. Month-on-month sales more than ******* in May and continued on an upward trajectory in June. Sales were back to normal levels in September and October. Outbreaks of COVID-19 in the Autumn of 2020 prevented a positive end to the year for the automotive industry.

The North America Automotive Market Report is Segmented by Vehicle Type (Passenger Cars, Light Commercial Vehicles, and More), Propulsion Type (ICE, and More), Sales Channel (OEM-Franchised Dealer, and More), Level of Automation (Level 0–1, Level 2, Level 3, and Level 4–5), and Country (United States, Canada, Rest of North America). The Market Forecasts are Provided in Terms of Value (USD) and Volume in Units.

In 2024, Ford was the second most popular car brand in the United Kingdom after Volkswagen. The Detroit-based company sold some ******* vehicles in the UK and reached a market share of about *** percent that year. Volkswagen held some *** percent of the market. Ford in the United Kingdom Brexit casts its shadow over the auto industry, and hence, the company decided to shut down its plant in Bridgend, adding on to the growing list of automakers in the process of ceasing operations at car production plants in the United Kingdom. That said, the Ford Motor Company will remain present in the United Kingdom, continuing to operate an engine plant in Dagenham. Car sales in the United Kingdom were down ** percent in May 2020, due to closed dealerships and consumer spending uncertainty amid the coronavirus pandemic. By the end of December 2020, UK car sales were down by almost eleven percent compared with 2019.

Market Size statistics on the Global Car & Automobile Sales industry in Global

The global big data market in the automotive industry size was valued at USD 7.09 billion in 2024, North America occupies the third-largest market share.
Report Scope:

The North American automotive industry, valued at $0.99 million in 2025 (assuming this figure represents a segment of the overall market, not the total), is projected to experience robust growth, driven by several key factors. A Compound Annual Growth Rate (CAGR) of 5.43% from 2025 to 2033 suggests a significant expansion in market size over the forecast period. This growth is fueled by increasing consumer spending on vehicles, particularly in passenger cars and light commercial vehicles, spurred by economic recovery and favorable financing options. The rising adoption of electric and hybrid vehicles, coupled with advancements in autonomous driving technology, represents a significant trend shaping the industry's trajectory. However, challenges remain, including supply chain disruptions which continue to impact production and pricing, rising raw material costs, and evolving consumer preferences that demand greater fuel efficiency and sustainable manufacturing practices. The market segmentation reveals significant variation in growth across vehicle types, with passenger cars and light commercial vehicles potentially outpacing growth in heavier commercial vehicles and two-wheelers due to differing economic sensitivities and technological advancements. Geographic distribution also plays a significant role, with the United States likely dominating the market share given its larger economy and vehicle ownership trends compared to Canada and the rest of North America. Major players like Fiat Chrysler Automobiles, General Motors, Ford, Toyota, and Tesla are strategically positioning themselves to capitalize on these emerging trends, investing heavily in electric vehicle (EV) development, innovative technologies, and sustainable manufacturing. The competitive landscape is fierce, with ongoing mergers, acquisitions, and strategic partnerships shaping the industry's structure. The forecast period will likely witness a consolidation of market share amongst the larger players, potentially leading to some smaller manufacturers exiting the market or being acquired. Furthermore, government regulations promoting clean energy and reducing emissions will significantly impact the industry's product offerings and manufacturing processes in the coming years. The consistent growth projected indicates a positive outlook, but the industry must adapt proactively to the challenges to maintain its momentum. This comprehensive report provides a detailed analysis of the North America automotive industry, encompassing the historical period (2019-2024), base year (2025), and forecast period (2025-2033). The study covers passenger cars, light commercial vehicles (LCVs), medium and heavy commercial vehicles (M&HCVs), and two-wheelers across the United States, Canada, and the Rest of North America. With a focus on market size (in million units), key players, and emerging trends, this report is an essential resource for businesses, investors, and policymakers seeking to understand this dynamic sector. Search terms used include: North America automotive market, automotive industry trends, electric vehicle market, commercial vehicle sales, passenger car sales, US automotive industry, Canadian automotive market. Recent developments include: July 2022: Cadillac unveiled the Celestiq show car, a vision of innovation that previews the brand's future handcrafted and all-electric flagship sedan. The Ultium-based electric show car previews some of the materials, innovative technologies, and hand-crafted attention to detail harnessed to express Cadillac's vision for the future., July 2022: Amazon began deploying its custom electric delivery vehicles from Rivian for package delivery, with the electric vehicles hitting the road in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle, and St. Louis, among other cities., January 2022: Tesla Inc. had a supply agreement with Talon Metals Corp., a subsidiary of Talon Nickel LLC, for the supply of nickel. This agreement will lead to the production of battery material from mine to battery cathode in order to make the electric vehicle battery more eco-friendly.. Key drivers for this market are: Growing Travel and Tourism Industry is Driving the Car Rental Market. Potential restraints include: Increasing Popularity of Ride-Sharing Services Pose Challenges for the Conventional Car Rental Market. Notable trends are: Rising Electric Mobility to Drive Demand in the Market.

Strong growth in developing economies, like the BRICS and ASEAN member nations, has driven revenue for global car dealers despite slowdowns in established economies, like North America and Europe. Developed economies focus largely on value-added car purchases, while emerging markets focus primarily on volume. The transition to SUVs and crossovers with more safety and entertainment features has driven growth; in particular, these models’ surging adoption rates have created numerous growth opportunities in developing economies. Even so, elevated interest rates across many key markets and mixed global consumer sentiment have somewhat constrained post‑pandemic growth. Overall, revenue has expanded at an expected CAGR of 2.2% to $4.3 trillion through the current period, including 1.8% growth in 2025, with profit supported by disciplined pricing and a balanced new‑used‑service mix. Supply chain disruptions lifted vehicle prices and inventory costs, and while semiconductor availability has improved, trim constraints and logistics volatility persist, moderating pricing power as incentives return. Dealers maintained revenue and profit by leaning on certified used, faster‑turning trims and transparent payment tools, while volatile oil markets reinforced demand for fuel‑efficient powertrains. Omnichannel capabilities—digital pricing, instant trade valuations, e‑signing and remote delivery—have reshaped sales, favoring scaled dealership groups over independents. Car dealers will continue to contend with substitutes, even as economic conditions improve and consumer sentiment rebounds through the outlook period. Government incentives and upstream innovations will also spur demand for electric and hybrid vehicles, generating strong per‑unit revenue from dealers, although hybrids are likely to outpace EVs where charging remains uncertain. Even so, slowing EV adoption rates in North America may dampen this segment’s growth potential. Consumer preferences will also continue to trend toward online vehicle shopping, which provides convenience and efficiency to busy consumers, creating greater competition with various online dealers and marketplaces. Overall, revenue is expected to climb at a CAGR of 1.7% to $4.7 trillion through 2030.

The Germany Used Car Market Report is Segmented by Vehicle Type (Hatchbacks, Sedans, and More), Vendor Type (Organized and Unorganized), Fuel Type (Petrol and More), Vehicle Age (0 To 2 Years and More), Price Segment (Below USD 5, 000 and More), Sales Channel (Online and Offline), and Ownership (First-Owner Resale and Multi-Owner). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The CIS passenger car market dropped to $52.3B in 2024, flattening at the previous year. The total consumption indicated mild growth from 2012 to 2024: its value increased at an average annual rate of +1.0% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +8.4% against 2020 indices.

At about **** percent, General Motors (GM) held a significant portion of the U.S. market in 2024. However, over the course of the last two decades, GM has lost a considerable amount of market share, which stood at about ** percent some 19 years ago. The company General Motors is a multinational company headquartered in Detroit and is ranked among the leading automobile manufacturers worldwide based on revenue. GM has had some variability in the number of cars sold worldwide, with a decline in recent years, especially after selling the Opel and Vauxhall brands to PSA. However, GM's financial statements indicate that there has been a recent increase in income globally, with 2024 having the highest sales revenue. The company's revenue had started to drop significantly in 2019, but by 2023, the company had recovered from the financial impact of the COVID-19 pandemic and supply chain shortages. GM includes many brands such as Chevrolet, Buick, GMC, Cadillac, and several other companies. The global automotive industry The global automotive industry is facing new challenges with the advent of smart technology. The recent decade has seen the greatest production volume of cars and commercial vehicles around the world, but the COVID-19 pandemic and global automotive chip shortage have led to production halts and to a steep decrease in the global automotive output. By 2024, the industry had started to recover from these challenges.

According to Cognitive Market Research, the global Automotive Research And Development Services market size was 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

Consumers are progressively favoring electric vehicles (EVs), autonomous driving capabilities, and connected automobiles. To maintain their competitive edge, automotive manufacturers are enhancing their investments in smart technologies, artificial intelligence, and sensor advancements. This transition drives the need for automotive research and development services that create next-generation vehicle solutions in line with the expectations of tech-savvy and environmentally conscious consumers.

Government Regulations and Sustainability Initiatives to Drive Market Growth

Worldwide regulations aimed at reducing carbon emissions are propelling research and development for fuel-efficient and low-emission vehicles. Governments are urging automotive manufacturers to shift towards electric and hybrid models. This regulatory pressure amplifies investment in research and development services for sustainable vehicle solutions, thereby creating opportunities for long-term innovation in clean transportation technologies.

Restraint Factor for the Automotive Research And Development Services Market

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

The creation of new automotive innovations requires substantial expenditure on equipment, skilled labor, and testing processes. This financial burden restricts smaller companies from entering or expanding within the R&D services market. Adhering to changing safety and regulatory standards further increases costs, hindering growth for companies sensitive to expenses.

Shortage of Talent in Specialized Engineering Positions

The automotive research and development industry is experiencing a rising shortage of professionals proficient in advanced areas such as electric vehicle propulsion, artificial intelligence integration, and embedded systems. This talent deficiency prolongs development timelines and constrains innovation potential, particularly for startups and smaller enterprises that lack access to specialized technical knowledge.

Key Trends of Automotive Research And Development Services Market

Software-Defined Vehicle Architecture

Automotive research and development is transitioning towards a software-centric approach. Modern vehicles increasingly depend on integrated software platforms for Advanced Driver Assistance Systems (ADAS), infotainment, and connectivity features. This evolution is fueling the demand for research and development services that focus on embedded systems, cybersecurity, and over-the-air updates.

Expansion of Digital Twin Technology

Digital twins—virtual representations of actual vehicles—are being utilized for simulation, testing, and design validation purposes. This approach significantly decreases development time and costs, establishi...

The global passenger vehicle industry, valued at approximately $2 trillion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 10.55% from 2025 to 2033. This expansion is driven by several key factors. Firstly, rising disposable incomes in emerging economies like India and Southeast Asia are fueling increased vehicle demand, particularly within the passenger car segment. Secondly, advancements in electric vehicle (EV) technology, coupled with government incentives and stricter emission regulations globally, are significantly shifting consumer preferences towards sustainable transportation options. This trend is particularly strong in regions like Europe and North America, where the infrastructure for EV adoption is comparatively more developed. Further bolstering growth are technological innovations enhancing vehicle safety, fuel efficiency, and connectivity, leading to increased consumer appeal. The industry is also witnessing a surge in the popularity of SUVs and crossovers due to their versatile nature and perceived higher value proposition. However, the industry faces certain challenges. The ongoing global semiconductor shortage continues to disrupt production timelines and affect vehicle availability. Furthermore, fluctuating fuel prices and economic uncertainties can dampen consumer confidence and impact purchase decisions. Geopolitical instability and supply chain disruptions further exacerbate these challenges. Despite these headwinds, the long-term outlook for the passenger vehicle industry remains positive, with continuous innovation, evolving consumer preferences, and sustained economic growth in key markets driving considerable market expansion throughout the forecast period. Segmentation within the industry is dynamic; the hybrid and electric vehicle (HEV, PHEV, BEV, FCEV) segment is experiencing the fastest growth, although internal combustion engine (ICE) vehicles, particularly in emerging markets, retain significant market share. Competition is fierce amongst major players like Toyota, Volkswagen, and GM, prompting continuous efforts in innovation and technological advancements to maintain market leadership. This in-depth report provides a comprehensive analysis of the global passenger vehicle industry, covering the period from 2019 to 2033. With a focus on key market trends, competitive dynamics, and future growth prospects, this report is an invaluable resource for industry stakeholders, investors, and researchers seeking to understand and capitalize on opportunities within this dynamic sector. The report leverages extensive data analysis, covering historical performance (2019-2024), current estimates (2025), and future forecasts (2025-2033) to provide a complete picture of the market's evolution. Millions of units sold are analyzed across various segments, revealing key trends and drivers influencing the industry's future. Recent developments include: December 2023: Mustang Mach-E is avaiable with electric all-wheel drive and has standard heated seats and steering wheel.December 2023: Hyundai Motor unveiled its "Strategy 2025" blueprint, outlining KRW 61.1 trillion in investments for future technology research and development (R&D) until 2025. The goal is to electrify the majority of new vehicles in key markets such as Korea, the United States, China, and Europe by 2030, with emerging markets such as India and Brazil following suit by 2035.December 2023: Toyota debuts the Corolla GR-S in Brazil. Its 2.0-liter Dynamic Force Atkinson flex cycle engine generates 177 horsepower when running on ethanol and 169 horsepower when running on gasoline, with 21.4 kgfm of torque in both cases.. Key drivers for this market are: Growing Travel and Tourism Industry is Driving the Car Rental Market. Potential restraints include: Increasing Popularity of Ride-Sharing Services Pose Challenges for the Conventional Car Rental Market. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The Automotive Dashboard Market Report is Segmented by Type (LCD/TFT Digital Dashboard and More), Vehicle Type (Passenger Cars and More), Sales Channel (OEM and Aftermarket), Component (Display Panel, Control Electronics and SoC, and More), Display Size (Less Than 7-Inch and More), Technology (LCD, OLED / Mini-LED, and More), and Geography (North America and More). The Market Forecasts are Provided in Terms of Value (USD).

The Europe Automotive Lightweight Car Market report segments the industry into Material Types (Metals, Composites, Plastics), Manufacturing Process (Extrusion, Stamping, Forging, Casting, Others), Application (Structural, Powertrain, Interior, Exterior), and Geography (Europe). Get five years of historical data with five-year forecasts.

Discover the booming global automotive vehicle market! This comprehensive analysis reveals key trends, growth drivers, and regional market shares from 2025-2033, including insights into electric vehicles, autonomous driving, and leading automotive manufacturers. Explore market size projections, CAGR estimates, and future opportunities in this dynamic sector.

The luxury car market is booming, projected to reach $810 billion by 2033 with a 6.56% CAGR. Discover key trends, leading companies (Tesla, BMW, Mercedes-Benz), and regional market analysis in this comprehensive report. Explore the impact of EVs and emerging technologies on this high-growth sector.

The used car market in Saudi Arabia is projected to grow at a CAGR of 7.36% during the forecast period 2025-2033. The market is expected to reach a value of XX million by 2033, up from XX million in 2025. Drivers and Trends: The growth of the used car market in Saudi Arabia is driven by several factors, including the increasing population and urbanization, rising disposable income, and the preference for used vehicles over new ones. Additionally, the government's initiatives to promote the used car industry, such as the establishment of a dedicated regulatory body and the introduction of policies that facilitate the trading of used vehicles, are also contributing to the market's growth. Key trends in the market include the increasing popularity of online platforms for buying and selling used cars, the emergence of organized players, and the growing popularity of hybrid and electric vehicles. Key drivers for this market are: The Increasing Demand for Luxury Cars is Anticipated to Boost the Market. Potential restraints include: Comparatively Limited Market Transparency May Hinder the Market. Notable trends are: Hatchback Segmented to Gain Momentum.

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The automotive dashboard market share is expected to increase by 17.69 million units from 2021 to 2026, at a CAGR of 3.70%. This automotive dashboard market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The automotive dashboard market report also offers information on several market vendors, including Continental AG, Dongfeng Motor Parts and Components Group Co. Ltd., Faurecia SE, Lear Corp., Marelli Holdings Co. Ltd., Minda Corp. Ltd., SAIC Motor Corp. Ltd., Sterling Technologies Inc., Toyoda Gosei Co. Ltd., and Visteon Corp. among others. Furthermore, this report extensively covers automotive dashboard market segmentation by vehicle type (passenger vehicles and commercial vehicles) and geography (APAC, North America, Europe, South America, and MEA).

What will the Automotive Dashboard Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Automotive Dashboard Market Size for the Forecast Period and Other Important Statistics

Automotive Dashboard Market: Key Drivers, Trends, and Challenges

The rising adoption of advanced driver assistance systems is notably driving the automotive dashboard market growth, although factors such as sharp decline in automobile production and sales may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive dashboard industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Dashboard Market Driver

One of the key factors driving growth in the automotive dashboard market is the rising adoption of advanced driver assistance systems. The adoption of advanced driver assistance systems coupled with the increasing levels of electrification in vehicles are transforming the dashboards of both passenger and commercial vehicles. The role of infotainment systems will become primary for the smooth operation of the vehicles and for ensuring passengers' safety, security, and comfort. With the evolution of technology, automotive dashboards will undergo significant changes in the near future, provisioning an enormous scope for the market to expand during the forecast period. The trends in the automotive industry, such as connected vehicles, autonomous vehicles, and electric vehicles, will shift the focus of automakers to interiors for product differentiation to attract customers. Thus, it would further propel the demand for innovative and up-to-date automotive dashboards during the forecast period.

Key Automotive Dashboard Market Trend

The technological developments creating demand for digital dashboards is another factor supporting the automotive dashboard market share growth. With the advancements in technology, newly introduced dashboards have also been integrating the display of gauges and controls, as well as information, climate control, and entertainment systems. The demand for digital dashboards is largely dependent on sales of premium and luxury vehicles, as these dashboards are of high cost due to the integration of the latest technology. The was a gradual rise in the demand for luxury and premium vehicles in 2021 leading to a rise in demand for digital automotive dashboards. The increase in demand for luxury and premium vehicles will further drive the demand for digital dashboards during the forecast period leading to significant growth in the global automotive dashboard market.

Key Automotive Dashboard Market Challenge

The sharp decline in automobile production and sales will be a major challenge for the automotive dashboard market during the forecast period. All passenger vehicles and commercial vehicles have a dashboard. Therefore, the overall production and sales of automobiles will impact the global automotive dashboard market. Since 2018, the global automotive market has been registering a slump in sales and production, leading to a decline in the demand for several automotive components, such as automotive dashboards. In other major automotive manufacturing countries, such as India, Japan, and the US, automotive production registered growth during 2017-2018. However, a slowdown in the growth rate of the sales of vehicles in 2019 and 2020 is increasing the inventory cost for OEMs and compelling them to reduce or temporarily stop production. Such factors adversely affect automotive sales and production, which further reduce the demand for automotive components and parts in the global automotive market and hamper the growth of the global automotive dashboard market.

This automotive dashboard market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trend

US Automotive Industry Market is set for strong growth through 2030, driven by rising EV adoption, tech integration (AI, IIoT), MaaS expansion & supportive government policies.