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Global Automotive Market [Growth] Forecast: USD 2,900 Billion with [CAGR 3.5%]

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Published date: 24 Mar, 2025 05:18 PM
Modified date: 24 Mar, 2025 05:18 PM
  • Location: Cologne
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Global Automotive Market [Growth] Forecast: USD 2,900 Billion with [CAGR 3.5%]
Global Automotive Market [Growth] Forecast: USD 2,900 Billion with [CAGR 3.5%]

The Global Automotive Market is a key pillar of global trade and economic infrastructure. As an industry that designs, manufactures, distributes, and sells motor vehicles, it plays a significant role in shaping economies, urban planning, environmental sustainability, and personal mobility. According to TechSci Research, the global automotive market was valued at USD 2,900 billion in 2022 and is anticipated to grow at a CAGR of 3.5% through 2028. The automotive industry is not just about producing vehicles; it encompasses a vast ecosystem of suppliers, logistics, financing, insurance, and aftermarket services.



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