Automotive

Global automotive industry, anchored in technological innovation, mobility services, and international trade, was valued at USD 4.2 trillion in 2024 and is projected to reach USD 7.44 trillion by 2032, growing at a strong 7.4% CAGR. Global Automotive industry demand for passenger cars, commercial vehicles, electric vehicles (EVs), hybrid vehicles, and autonomous vehicles continues to expand, supported by cross-border supply chains and rising exports. India alone exported 5.3 million vehicles in FY 2025 (a 19% YoY surge), while global automotive exports reached 672,000 units in 2024, underscoring the sector’s interconnected trade and logistics ecosystem.

Competitive landscape of the global automotive industry is dynamic. Toyota, Volkswagen, Hyundai, and Ford dominate passenger and commercial vehicle markets, while disruptors like Tesla, BYD, and Rimac spearhead the rise of electric mobility, autonomous driving, AI-powered dashboards, connected car services, and advanced driver-assistance systems (ADAS). Automotive industry product portfolios are evolving rapidly, spanning hybrids, electric propulsion systems, ride-hailing platforms, digital mobility ecosystems, vehicle telematics, and predictive maintenance technologies that redefine the consumer experience.

Automotive industry pricing strategies are shaped by horsepower, digital sophistication, government EV subsidies, carbon regulations, and smart city mobility demands, balancing affordability with advanced automotive technologies. Automotive industry growth is expected to be anchored in electric propulsion, autonomous navigation, connected and shared mobility, hydrogen fuel cell vehicles, sustainable manufacturing, and quantum computing-driven R&D, supported by regulatory pushes, ESG mandates, IoT integration, and evolving consumer lifestyles. More than just vehicles, the automotive and transportation sector is transforming into a globally networked, innovation-led mobility ecosystem, reshaping the economics of transportation, sustainability, and future mobility solutions.

Contribution in indian GDP

Leading EV Innovator

Tesla

Dominant Region in Automotive

Asia Pacific

Key insights

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Navigate the most in-demand topics to uncover emerging opportunities and data-led answers.

Belts

Body Kits

Brake Systems

Commercial Vehicles

Customization

Door Panels

Electric Vehicles

Emission Control

Engine Covers

Fuel Efficiency

Garage Equipment

Industrial Vehicles

Motorcycles

National Market

Passenger Vehicles

Personal Mobility

Recreational Vehicles

Safety Systems

Tire Technologies

Industry definition

The automotive industry, valued at USD 2.6 trillion in 2024, stands at the heart of the global transportation value chain—more than just cars and trucks, it is a multi-layered ecosystem of engineering, digital mobility services, and future-ready innovations. At its core, the sector covers the entire vehicle lifecycle: from concept design, prototyping, and just-in-time manufacturing to distribution, financing, and aftermarket services. Its product portfolio extends beyond passenger cars and commercial fleets to include two- and three-wheelers, electric vehicles (EVs), autonomous platforms, and mobility-as-a-service (MaaS). Notably, adjacent services such as financing, telematics, predictive maintenance, and logistics already contribute 25% of industry revenues, underscoring the sector’s shift toward a digital-first ecosystem.

Competition remains intense—Toyota, Volkswagen, Hyundai, and General Motors continue to dominate at scale, while Tesla, BYD, Rivian, and other disruptors are redefining automotive leadership with software-defined EVs and smart mobility platforms. In India, the industry contributes 7% to GDP, with exports crossing USD 24 billion in FY 2025, led by two-wheelers and compact cars, cementing its role as a global export engine.

The industry’s process loop integrates R&D, intelligent supply chains, component sourcing, and consumer-centric aftersales networks, making it one of the most dynamic and innovation-driven sectors worldwide. Ultimately, automotive is not just about vehicles—it is a global mobility economy shaping consumer aspirations, industrial competitiveness, and the future of sustainable transportation.

Automotive and Transportation