According to the Kroll Automotive Industry Report in spring 2024, new vehicle sales have surged, with estimates showing a 12-15% increase compared to 2023, as supply chain distributions ...

Global automotive transmission market to hit $230B by 2034, driven by EVs, automation, and fuel-efficient innovations.

The global used car market is experiencing significant growth, especially in APAC. In 2023, it saw a 3-4% increase, with sales of 94-96 million vehicles, and is projected to grow by 5-6% in 2024.

On the other hand, the Japanese automotive industry stood undefeated by selling 23.59 million new vehicles during the same year. Moreover, China’s sales growth also outperformed that of the US.

Auto parts industry statistics Globally, in 2023, the value of the auto parts manufacturing market was over $700 billion. Industry forecasters expect the market to see a compound annual growth ...

Understanding AI and Automotive Data Artificial intelligence, in general, refers to the development of computer systems that can perform tasks that typically require human intelligence, such as ...

The Automotive Insurance Market is poised for steady growth in the upcoming years. The market size was valued at USD 682.6 Billion in 2023 and is projected to grow from USD 713.99 Billion in 2024 ...

India will become a global hub for automotive manufacturing and R&D with over 7.5mn vehicles sold by 2030 and over 100mn vehicles on road providing growth opportunities across the industry value chain ...

India is the world's third-largest automobile market, which is also driving rapid growth in the auto component aftermarket.

The international automotive industry market share has been changing drastically during the year. According to a CNBC report published on June 14, Chinese automakers have overtaken the US in terms ...

While growth is expected to slow down between 2023 and 2032, the industry is forecasting a healthy growth rate. Between 2022 and 2024, the industry grew by 9.3%, from $130.5 billion to $142.7 billion.