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    US Automotive Industry

    ID: MRFR/AM/11355-HCR
    100 Pages
    Garvit Vyas
    October 2025

    US Automotive Industry

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    US Automotive Industry Infographic
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    US Automotive Industry Summary

    The US Automotive Industry is projected to grow from 440 USD Billion in 2024 to 650 USD Billion by 2035, reflecting a robust growth trajectory.

    Key Market Trends & Highlights

    US Automotive Industry Key Trends and Highlights

    • The market valuation is expected to reach 650 USD Billion by 2035, indicating substantial growth potential.
    • From 2025 to 2035, the industry is anticipated to experience a compound annual growth rate of 3.61%.
    • The market is currently valued at 440 USD Billion in 2024, showcasing a solid foundation for future expansion.
    • Growing adoption of electric vehicles due to increasing environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 440 (USD Billion)
    2035 Market Size 650 (USD Billion)
    CAGR (2025 - 2035) 3.61%

    Major Players

    Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Meta Platforms Inc (US), Tesla Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

    Key Companies in the US Automotive Industry market include

    Report Scope

    Report Attribute/Metric Details
    Market Size 2021 USD 3,296.8 billion
    Market Size 2022 USD 3,566.5 billion
    Market Size 2030 USD 6,070.4 billion
    Compound Annual Growth Rate (CAGR) 6.9% (2022-2030)
    Base Year 2021
    Forecast Period 2022-2030
    Historical Data 2018 & 2020
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Vehicle Type, Propulsion type, and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Volkswagen AG, Mercedes-Benz Group AG, Ford Motor Company, Tesla Inc, Toyota Motor Corporation, BYD Company Ltd, Hyundai Motor Company, SAIC Motor Corp Ltd, Nissan Motor Co Ltd, Fiat S.P.A, General Motors
    Key Market Opportunities Technological Advancements and Innovations in the Automotive Industry
    Key Market Dynamics Increasing Demand for High-End Passenger Vehicles Urbanization and Rising Infrastructure Spending in the Economy
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