This statistic shows selected U.S. states or regions in terms of automotive industry GDP as of 2015. The Californian automotive industry contributed around ** billion U.S. dollars to the nation's gross domestic product.

Graph and download economic data for Real gross domestic product: Motor vehicle output (A953RX1Q020SBEA) from Q1 2007 to Q2 2025 about output, vehicles, real, GDP, and USA.

Brazil Automobile Industry: Share in Industrial GDP data was reported at 18.700 % in 2012. This records a decrease from the previous number of 18.900 % for 2011. Brazil Automobile Industry: Share in Industrial GDP data is updated yearly, averaging 14.600 % from Dec 1966 (Median) to 2012, with 47 observations. The data reached an all-time high of 20.600 % in 1975 and a record low of 10.600 % in 1990. Brazil Automobile Industry: Share in Industrial GDP data remains active status in CEIC and is reported by National Association of Automobile Manufacturers. The data is categorized under Brazil Premium Database’s Automobile Sector – Table BR.RAI001: Automobile Industry. The annual data brings together statistical information of the Brazilian automobile industry on motor vehicles and agricultural machinery

The gross domestic product (GDP) of Colombia's automotive manufacturing industry has been oscillating since the first quarter of 2017. In that quarter, the sector generated around *** billion Colombian pesos, based on constant prices (with 2015 values as reference). In the fourth quarter of 2023, the GDP of the industry amounted to *** billion Colombian pesos.

The statistic displays the value added of U.S. motor vehicle and parts manufacturing as a share of GDP between 2005 and 2017. In 2017, this sector accounted for some 0.9 percent of the nation's Gross Domestic Product.

Philippines GDP: CAR: Industry Sector (IS) data was reported at 99,833.326 PHP th in 2024. This records an increase from the previous number of 96,096.121 PHP th for 2023. Philippines GDP: CAR: Industry Sector (IS) data is updated yearly, averaging 71,177,070.186 PHP th from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 84,544,232.061 PHP th in 2010 and a record low of 88,873.951 PHP th in 2022. Philippines GDP: CAR: Industry Sector (IS) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A018: PSNA 5th Revision: Gross Domestic Product: by Region: by Industry: Current Price.

The size of the China Automotive Industry Market was valued at USD 7.9 Bn in 2024 and is projected to reach USD 13.11 Bn by 2033, with an expected CAGR of 7.50% during the forecast period. China automotive industry market is an evolving sector involving design, development, and production as well as the selling of motor vehicles. Its key characteristic features include advanced manufacturing capabilities, a presence of government support, and most recently, a growing focus on EV technology. Applications of automotive products range from personal transportation to commercial logistics and industrial operations. The market combines a variety of technologies, like internal combustion engines (ICE), electric powertrains, hybrid systems, and autonomous driving technologies. The contribution of the sector to the overall economy is great; it boosts China's GDP, employment levels, and the level of technology. It generates economic growth, infrastructural developments, and increased mobility solutions. A primary mover for the industry is the government of China. Its policies support electric vehicle adoption by providing subsidies, and emission regulations, encouraging innovation, and investment in the sector. The apparent advantages of this market are cost-effective manufacturing, a huge consumer base, and an expanding export market. With an increase in demand for green vehicles, China remains the world's biggest manufacturer, in the auto-dominated landscape, promoting sustainability and technological advancement. Notable trends are: Increasing demand for cars is driving the market growth.

The automotive manufacturing industry in Mexico generated a real gross domestic product (GDP) of 568.6 billion Mexican pesos in the second quarter of 2019, based on constant prices (taking 2013 values as reference). In the same quarter of the previous year, the automobile manufacturing sector had contributed with almost 546.6 billion Mexican pesos to Mexico's real GDP.

View monthly updates and historical trends for Canada Real GDP by Industry: Motor Vehicle Manufacturing. Source: Statistics Canada. Track economic data wi…

In 2025, the share of the automotive industry's contribution to the gross domestic product (GDP) in South Africa was *** percent. This shows a decrease of *** percentage points from the previous year. On the other hand, vehicle and component manufacturing as well as auto-retail remained stable relatively at *** and *** percent, respectively.

Germany Auto Industry: Vehicle Sales data was reported at 443,765.000 EUR mn in 2024. This records a decrease from the previous number of 457,659.000 EUR mn for 2023. Germany Auto Industry: Vehicle Sales data is updated yearly, averaging 283,065.000 EUR mn from Dec 2002 (Median) to 2024, with 23 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.

According to Cognitive Market Research, the Global Automative Garage Equipment Market Size was USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.

The global automotive garage equipment market will expand significantly by XX% CAGR between 2024 and 2031.
Body Shop Equipment dominates the market and is anticipated for a healthy growth over the approaching years.
Compared to independent garages, the automotive OEM dealership segment is expected to grow faster during the forecast period.
The market's largest revenue share belongs to mobile kind. Equipment for garages designed to be easily moved or transported is called a mobile installation.
A significant portion of market share is made up of passenger cars. This is a result of their worldwide scope and is predicted to increase from 86.4 million to 86.8 million in 2023.
North America is the largest global garage equipment market shareholder and is estimated to grow at a CAGR of XX% over the forecast period.

Current Scenario: Automatic Garage Equipment of the Market

Driving Factors of Automatic Garage Equipment Market

The Garage Equipment market is primarily driven by an increase in car production and sales 

The need for garage equipment is directly impacted by the expansion of the worldwide automotive industry. The market for contemporary tools and equipment used in automotive workshops and service facilities is driven by the growing number of vehicles on the road and the resulting demand for maintenance, repairs, and servicing.

According to OICA (International Organization of Motor Vehicle Manufacturers) , global motor vehicle production in 2022 was over 85 million units, up 6% from the previous year. An increase in car manufacturing corresponds directly to increased demand for garage equipment. (Source:https://www.acea.auto/figure/world-motor-vehicle-production/)

Some of the top automotive industry-related statistics include; US car manufacturing market was worth $104.1 billion in the US. Also, The Indian automotive sector contributed 7.1% to the overall GDP and 49% to the manufacturing GDP in 2021. Additionally, 105 billion items related to motor vehicles and parts were exported in 2021 from the US These were the second largest in exports.

According to a recent survey by published by the European Automobile Manufacturer Association the global car sales have increased by around 9% in the first three quarter of 2023.The Europe market witnessed sales growth of 20.4% from January to September in 2023

Rise in use of electric cars and vehicles (EVs) 

The rise of electric cars (EVs) in the automobile business affects demand for specific garage equipment. The growth of EVs has led to the development of specialized equipment for battery servicing, charging infrastructure, and EV-specific diagnostics. In 2023, global electric vehicle (EV) sales climbed by 31% to 13.6 million units. Fully electric vehicles (BEVs) accounted for 9.5 million of total sales, with PHEVs making up the remainder ( predicted by Rho Motion)

Electric vehicles amounted to some 14 percent of global passenger car sales in 2022, which was a rise of around 5.3 percentage points year-over-year. Electric vehicle sales have rapidly increased since 2017, when they rose above one percent of the market, and have particularly accelerated since 2020.

(Source;https://www.statista.com/statistics/1371599/global-ev-market-share/)

The Asia-Pacific region was the leading market for battery-electric vehicles, propelled by the Chinese new energy vehicle market. Automakers worldwide will have to focus on clean fuel sources and sustainable supply chains. In 2020, Volkswagen started delivering its electric ID.4 model and consistently ranked among the best-selling EV brands. By 2022, the Volkswagen Group was the fourth leading EV automaker worldwide.

(Source:https://www.statista.com/topics/1010/electric-mobility/#topicOverview)

Increasing sales of pre-owned vehicles and emergence of autonomous vehicles are anticipated to drive the growth of the automotive garage equipment market

Pre-owned vehicles, commonly known as used cars, are those that have been previously owned and utilized by individuals or businesses before being made available for resale. Automotive garage equipment plays a crucial role in the pre-owned...

According to Cognitive Market Research, the global IT Spending in Automotive market size is USD 15481.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 6192.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 4644.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 3560.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 774.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 309.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The Services held the highest IT Spending in Automotive market revenue share in 2024.

Market Dynamics of IT Spending in the Automotive Market

Key Drivers for IT Spending in the Automotive Market

Global Economic Trends Propel Market Growth

Global economic trends, including GDP growth, interest rates, and consumer confidence, significantly impact spending patterns in the automotive market. During periods of economic expansion, consumers tend to have higher disposable incomes, leading to increased demand for new vehicles and optional features. Conversely, economic downturns can dampen consumer sentiment and curb spending on big-ticket items like automobiles, prompting automakers to adjust production levels and marketing strategies accordingly. Supply chain disruptions, geopolitical tensions, and natural disasters can also influence spending within the automotive industry by affecting production capacities, raw material prices, and supply chain logistics. Uncertainties surrounding trade agreements and tariffs can further exacerbate these challenges, prompting automakers to reevaluate sourcing strategies and production footprints to mitigate risks and ensure business continuity.

Restraint Factor for IT Spending in the Automotive Market

High Cost of Treatment to Limit the Sales

One significant restraint on IT spending in the automotive market is the high cost of technological integration and development. As vehicles become more complex and connected, automakers must invest heavily in research and development to stay competitive. This includes developing advanced driver-assistance systems (ADAS), electric vehicle (EV) technology, connectivity features, and autonomous driving capabilities. The substantial upfront investment required for these technologies can strain budgets and slow down IT spending in other areas. Moreover, the automotive industry operates within a highly regulated environment, which imposes stringent safety, emissions, and cybersecurity standards. Compliance with these regulations not only adds to the cost of vehicle production but also necessitates ongoing investments in testing, certification, and regulatory compliance management. Failure to meet regulatory requirements can result in costly fines, recalls, and reputational damage, further constraining IT spending as resources are diverted toward remediation efforts.

Opportunity for IT Spending in the Automotive Market

Technological Advancements to Increase the Demand Globally

Technological advancements have also been instrumental in driving spending within the automotive industry. The emergence of electric and hybrid vehicles has led to substantial investments in research and development to enhance battery efficiency, charging infrastructure, and overall performance. Similarly, the integration of artificial intelligence (AI), the Internet of Things (IoT), and advanced driver-assistance systems (ADAS) has transformed the driving experience, prompting automakers to allocate resources towards developing and integrating these technologies into their vehicles. Furthermore, regulatory changes aimed at reducing emissions and enhancing safety standards have compelled automakers to invest in the development of cleaner and more efficient propulsion systems, such as electric powertrains and hydrog...

Automotive Pressure Plate Market size was valued at USD 57.3 Billion in 2023 and is projected to reach USD 94.5 Billion by 2030, growing at a CAGR of 5.1% during the forecast period 2024-2030.

Global Automotive Pressure Plate Market Drivers

The market drivers for the Automotive Pressure Plate Market can be influenced by various factors. These may include:

Vehicle Production and Sales: The manufacturing and sales of automobiles have a direct impact on the demand for automotive pressure plates overall. The demand for related components generally rises in tandem with the growth of the automotive sector.

Customer Preferences and Trends: The automotive pressure plate market may be impacted by shifts in customer preferences and trends, such as the rising demand for fuel-efficient cars or the increasing appeal of electric vehicles. It may be necessary for manufacturers to adjust to new materials and technology.

Regulatory Standards: Tighter fuel economy requirements and pollution controls may push advancements in vehicle technology, which may have an impact on pressure plate design and composition.

Technological Developments: The design and operation of pressure plates may be impacted by developments in automobile technology, such as improvements in transmission systems. For instance, the need for particular kinds of pressure plates may change as dual-clutch transmission systems become more common.

Economic Factors: A number of factors can impact the demand for pressure plates in the automotive sector as a whole, including consumer spending, GDP growth, inflation rates, and inflation rates.

Globalization and Supply Chain Dynamics: The cost and availability of materials used in the production of pressure plates can be impacted by shifts in the patterns of international trade, disruptions in the supply chain, and geopolitical issues.

Environmental Concerns: Growing public awareness of environmental issues may spur the automobile industry to embrace cleaner technology, which in turn may affect demand for pressure plates that help make cars more environmentally friendly or fuel-efficient.

Graph and download economic data for Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in the United States (USMVEHMANNGSP) from 1997 to 2024 about parts, GSP, durable goods, private industries, vehicles, goods, private, manufacturing, industry, GDP, and USA.

Amidst the outbreak of the COVID-19 pandemic in Colombia, the automotive manufacturing industry was severely impacted. In the second quarter of 2020, the sector's contribution to the Colombian gross domestic product (GDP) amounted to **** percent. The following quarters saw an improvement in the industry's performance, although the industry's share of the country's GDP still remained lower than before the pandemic. By the fourth quarter of 2023, this share was around **** percent.

The global automotive manufacturing market was worth about **** trillion U.S. dollars in 2021. The market is projected to grow to some **** 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 ** percent of new car sales globally are expected to be electric vehicles in 2030, and about *********** 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.

United States GDP: VA: PI: Retail Trade: Motor Vehicle & Parts data was reported at 362.871 USD bn in 2024. This records an increase from the previous number of 361.738 USD bn for 2023. United States GDP: VA: PI: Retail Trade: Motor Vehicle & Parts data is updated yearly, averaging 161.629 USD bn from Dec 1997 (Median) to 2024, with 28 observations. The data reached an all-time high of 362.871 USD bn in 2024 and a record low of 118.479 USD bn in 1997. United States GDP: VA: PI: Retail Trade: Motor Vehicle & Parts data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A045: NIPA 2023: GDP by Industry: Value Added: Current Price: Annual.

View monthly updates and historical trends for Canada Real GDP by Industry: Automotive Equipment Rental and Leasing. Source: Statistics Canada. Track econ…

Global automobile market was valued at USD 23518.73 Billion in 2024 and is predicted to reach USD 34217.73 Billion by 2034, with a CAGR of 3.6% between 2025 and 2034.