As per MRFR analysis, the Automotive Industry Market Size was estimated at 2,066.85 (USD Billion) in 2023. The Automotive Industry Market Industry is expected to grow from 2,132.16 (USD Billion) in 2024 to 2999.03 (USD Billion) by 2035. The Automotive Industry Market CAGR (growth rate) is expected to be around 3.15% during the forecast period (2025 - 2035). As the automotive industry continues...
Overview
The China Automotive Industry Market is the largest in the world and a global powerhouse in automotive production and consumption. Accounting for over a third of the world’s vehicle production, China has experienced remarkable growth in both conventional internal combustion engine (ICE) vehicles and new energy vehicles (NEVs), including electric vehicles (EVs) and hybrid models....