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.

At around **** 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.

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.

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 United States Used Car Market Report is Segmented by Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, Hybrid, and Battery Electric), Body Type (Hatchback, Sedan, and More), Sales Channel (Online and Offline), and State. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The Hong Kong Used Car Market Report is Segmented by Vehicle Type (Hatchbacks, Sedans, and More), Vendor Type (Organized and Unorganized), and Fuel Type (Petrol, Diesel, 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).

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.

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 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.

Automotive Industry Market, auto market, Automotive Industry Market Size, Automotive Industry Market Trends, Automotive Industry Market Forecast, Automotive Industry Market Risks, Automotive Industry Market Report, Automotive Industry Market Share, automotive industry report, automotive industry research, automobile market, automobile market analysis, automotive market, automotive market report, automotive market research global automotive market report, automotive market analysis, global automotive market size, global automotive industry market share, world automotive market, automotive market share, global automobile market size, market share automotive, automobile industry report, auto market trends, automobile market share, trends in automotive industry, vehicle market share, market research automotive industry, market analysis automotive industry, market automobile, auto industry market share, automotive market outlook 2022, market share of automotive industry, automotive market research reports, automotive market share worldwide, auto industry global market share

The Internet Of Vehicle Market report segments the industry into Software Solutions (Real Time Transit Management System, Security Solution, Remote Monitoring System, Network Bandwidth Management, Fleet Management), Applications (Mobility Management, Vehicle Management, Integrated Entertainment), End-User Industry (Transportation And Logistics, Automotive, and more), and Geography (North America, Europe, Asia, and more).

The global coil car market is experiencing robust growth, driven by the increasing demand for efficient material handling in heavy industries, particularly steel mills and automobile manufacturing. The rising production of steel and automobiles, coupled with the need for optimized logistics and reduced transportation costs, is fueling the adoption of coil cars. Technological advancements in coil car design, such as improved load capacity, enhanced safety features, and integration of smart technologies for real-time monitoring, are further contributing to market expansion. The market is segmented by application (heavy industry, automobile industry, steel mills, others) and type (rail car, transfer car, others). While heavy industry and steel mills currently dominate the application segment, the automobile industry is projected to show significant growth in the coming years due to increasing vehicle production globally. The rail car segment holds a larger market share among the types, owing to its suitability for long-distance transportation of large volumes of coils. Geographically, North America and Asia-Pacific are key regions driving market growth, fueled by significant investments in infrastructure development and the presence of major steel and automobile manufacturers. However, stringent environmental regulations and high initial investment costs pose challenges to market expansion. Competition among established players, including FreightCar, Mitsui Rail Capital, and others, is intense, leading to innovation and continuous improvement in coil car technology. The forecast period (2025-2033) anticipates sustained growth, with a projected compound annual growth rate (CAGR) exceeding 5%, largely driven by ongoing industrialization and infrastructural developments in emerging economies. The competitive landscape is characterized by both established global players and regional manufacturers. Larger companies benefit from economies of scale and established distribution networks, while smaller companies often focus on niche applications or specialized designs. Future market growth will likely be influenced by factors such as government policies supporting infrastructure development, technological innovations enhancing coil car efficiency and safety, and the fluctuating demand within the steel and automotive industries. Strategic partnerships and mergers and acquisitions are expected to play a significant role in shaping the market structure and expanding the reach of key players. The market's future trajectory hinges on a delicate balance between satisfying the increasing demand for efficient material handling and navigating the challenges of environmental regulations and fluctuating raw material prices.

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).

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 mid-size car market, a significant segment within the global automotive industry, is poised for substantial growth over the next decade. While precise market size figures for 2025 require proprietary data, industry analysis suggests a market valuation in the range of $150 billion to $200 billion, given the substantial presence of major automotive players like Toyota, Honda, and Volkswagen in this category. This substantial market size is driven by factors such as increasing disposable incomes in emerging economies, a growing preference for fuel-efficient vehicles, and ongoing technological advancements leading to improved safety features and enhanced in-car technology. The adoption of hybrid and electric powertrains is a key trend, influencing vehicle design and consumer preferences towards sustainable mobility. However, economic fluctuations, raw material price volatility, and stricter emission regulations present challenges to market growth. These challenges are further compounded by the rise of SUVs and crossovers, which have witnessed a recent surge in popularity, posing competitive pressure on the mid-size car segment. Despite these constraints, the market is expected to maintain a healthy Compound Annual Growth Rate (CAGR) of approximately 3-5% from 2025 to 2033. This growth will be fueled by innovations in connected car technologies, autonomous driving features, and the ongoing development of affordable electric and hybrid mid-size vehicles. Regional variations are anticipated, with markets in Asia-Pacific and North America likely to experience stronger growth rates than mature markets in Europe. Leading automotive manufacturers are strategically investing in research and development to meet evolving consumer demands and maintain their competitiveness within this dynamic segment. Success will depend on adapting to technological changes, understanding regional consumer preferences, and effectively addressing environmental concerns.

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.

According to Cognitive Market Research, the global Used Car and Refurbished Car market size was USD 32514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 16.20% 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 13005.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 9754.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7478.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1625.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.6% 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 650.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.9% from 2024 to 2031.
The used car category is the fastest growing segment of the Used Car and Refurbished Car industry

Market Dynamics of Used Car and Refurbished Car Market

Key Drivers for Used Car and Refurbished Car Market

Increased Need for Pre-owned Vehicles to Boost Market Growth

One of the main factors propelling the global used car and refurbished car market is the rising demand for pre-owned vehicles. Urbanization, growing environmental concerns, and the escalating expense of new cars are some of the causes driving this growth. Because they are more economical and environmentally friendly, more and more buyers are choosing to buy old cars. In the upcoming years, there will likely be a further increase in the market for used cars and refurbished cars due to factors like growing salaries and growing awareness of the advantages of buying a used car. The rising demand for old cars is predicted to fuel the global used car and refurbished car market's significant growth over the next five years. Thus, rising disposable income, increased urbanization, and growing environmental concerns are some of the elements that will promote this expansion.

Rising Government Policies and Incentives to Drive Market Growth

The expansion of the global used car and refurbished car market is being fueled by government policies and incentives. Governments are more frequently implementing regulations in an effort to lower emissions and increase the fuel economy. The cost of new cars is rising as a result of these requirements, which is encouraging more buyers to look at used vehicles. Governments are also encouraging people to buy secondhand automobiles by providing incentives like tax reductions and rebates. The global market for used cars and refurbished cars is expanding as a result of these incentives, which also make used cars and refurbished cars more accessible. With government incentives and regulations driving growth, the global used car and refurbished car market is predicted to expand dramatically over the next five years.

Restraint Factor for the Used Car and Refurbished Car Market

Absence of Regulated Quality Assurance will Limit Market Growth

The market expansion for used cars and refurbished cars is severely hampered by the absence of regulated quality assurance. Used and refurbished cars frequently differ greatly in terms of reliability and condition, in contrast to new cars, which are covered by warranties from the manufacturer and have a set standard of quality. Prospective purchasers may find it difficult to precisely determine the genuine condition of an automobile before purchasing as a result of this inconsistency. Many clients worry about safety and performance because they are afraid of concealed mechanical problems, an undisclosed accident history, or inadequate refurbishing procedures.

Impact of Covid-19 on the Used Car and Refurbished Car Market

The market for used cars and refurbished cars was mostly unaffected by the COVID-19 outbreak. The industry is expected to expand significantly because of the growing number of people who choose independent mobility and the greater availability of financing options in the used car and refurbished car market. Consumers are now compelled to look for alternatives to new cars because of t...

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.

Explore the booming compact car market! Discover key trends, growth drivers, and challenges shaping the industry until 2033. This in-depth analysis reveals market size, regional shares, and leading automotive brands, providing valuable insights for investors and industry professionals.

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...