Frequently Asked Questions
What value is the global automotive market expected to touch by 2028?
Based on our research, the global automotive market is projected to touch USD 3.27 trillion by 2028.
What CAGR is the automotive market expected to exhibit by 2028?
The automotive market is expected to exhibit a CAGR of 3.01% by 2028.
What are the segments of the automotive market?
By type, the automotive market is segmented into passenger and commercial vehicles. Based on application, the market is classified into personal use, municipal use, and business use.
Which are the driving factors of the automotive market?
Rapid adoption of E-vehicle to surge market growth and the rising popularity of autonomous vehicles to propel market growth are the factors driving the automotive market.