10/09/2024 | Press release | Distributed by Public on 10/09/2024 11:12
The automotive industry faces a dynamic array of challenges, driven by technological advancements, regulatory changes, and evolving consumer preferences. However, the market is experiencing modest growth, with significant shifts in patterns.
The report covers:
The global automotive supplier market was valued at $997.4 billion in 2022 and is estimated to reach $1.3 trillion in 2030, growing at a CAGR of 4.1% from 2022 to 2030, demonstrating consistent expansion. Future growth of the market is expected to be driven by continued growth of the car parc and the continued introduction of new technology and advanced features further pushes the retail price of the average vehicle higher.
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