Automotive Market in US Size Was Valued at USD 1 Trillion in 2023, and is Projected to Reach USD 1.75 Trillion by 2032, Growing at a CAGR of 6.40% From 2024-2032.
The situation of automobile marketplace in United States relates to the manufacture, sale and delivery of passenger cars besides other small cars consisting of business motors, motorcycles and automobile rickshaws. It represents certainly one of the largest international markets that own high call for and specializes in new technologies and environmental worries.
Automotive marketplace in United States is a fast growing region that has been formed through exchange in customer traits, improve in era and changes in law. Another component that presently drives this market is growth in electric cars or EVs purchaser recognition due to expanded recognition and authorities push.
The Major Players Covered in this Report:
Ford Motor Company (U.S.), General Motors (U.S.), Tesla, Inc. (U.S.), Fiat Chrysler Automobiles (Netherlands), Toyota Motor Corporation (Japan), Honda Motor Co., Ltd. (Japan), BMW AG (Germany), Daimler AG (Germany), Volkswagen AG (Germany), Nissan Motor Co., Ltd. (Japan) and Others Key Player
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Key Industry Developments in the Automotive Market in US
July 2022: Cadillac unveiled the Celestiq show car, a imaginative and prescient of innovation that previews the emblem's destiny handcrafted and all-electric flagship sedan. The Ultium-primarily based electric show car previews a number of the substances, progressive technologies, and home made interest to element harnessed to specific Cadillac's vision for the destiny.
July 2022: Amazon started deploying its custom electric delivery automobiles from Rivian for package deal transport, with the electric vehicles hitting the road in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle, and St. Louis, among other cities.
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Segmentation of The Automotive Market in US Market
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Three Wheelers
- Two Wheelers
By Application
- Diesel
- Petrol
- Electric
By Service
- Mechanical
- Exterior and Structural
- Electrical and Electronics
By Equipment
- Tires
- Seats
- Batteries
- Other Equipment Types
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Key Points Covered in Automotive Market in US Market Report:
- Automotive Market in US Overview, Definition and Classification Market drivers and barriers
- Automotive Market in US Market Competition by Manufacturers
- Automotive Market in US Capacity, Production, Revenue (Value) by Region (2024-2032)
- Automotive Market in US Supply (Production), Consumption, Export, Import by Region (2024-2032)
- Automotive Market in US Production, Revenue (Value), Price Trend by Type
- Automotive Market in US Manufacturers Profiles/Analysis Automotive Market in US Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
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