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US Automotive Industry Report Market
ID: MRFR/AT/45354-HCR
200 Pages
February 2026
US Automotive Industry Report Market Research Report: By Vehicle Type (Passenger Car, Hatchback, Sedan, SUV, MUV, Commercial Vehicle, LCVs, Heavy Trucks, BusesCoaches) andBy Propulsion Type (Ice Vehicle, Electric Vehicle)- Forecast to 2035 US Automotive Industry Report Market Overview: As per MRFR analysis, the US Automotive Industry Report Market Size was estimated at 610 (USD Billion) in 2023
Industry Developments
Recent developments in the reflect significant activity across major companies such as Kia, Volkswagen, Subaru, Hyundai, Nissan, Chrysler, Tesla, Mazda, Honda, Mercedes-Benz, Dodge, General Motors, Ford, BMW, and Toyota. In 2023, General Motors announced plans to invest in electric vehicle production, targeting a market share enhancement in the growing EV segment. In September 2023, Ford revealed a partnership with Tesla to provide access to its charging stations, signaling a collaborative effort within the industry toward electric mobility. In August 2023, Toyota reported a surge in hybrid vehicle sales as consumer preferences shifted towards eco-friendly options. Additionally, Hyundai experienced a notable increase in market valuation due to strong sales figures, particularly in the SUV segment, where demand continues to rise. In terms of mergers and acquisitions, in July 2023, it was announced that Chrysler’s parent company, Stellantis, was strategically enhancing its electric vehicle capabilities through partnerships with established technology firms, emphasizing the industry's ongoing transition to sustainable practices. Over the last two years, the shift to electric vehicles has been accelerated by government regulations and consumer demand, shaping the competitive landscape of the US automotive sector.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 610.0(USD Billion) |
| MARKET SIZE 2024 | 652.1(USD Billion) |
| MARKET SIZE 2035 | 1341.9(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.78% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Kia, Volkswagen, Subaru, Hyundai, Nissan, Chrysler, Tesla, Mazda, Honda, MercedesBenz, Dodge, General Motors, Ford, BMW, Toyota |
| SEGMENTS COVERED | Vehicle Type, Propulsion Type |
| KEY MARKET OPPORTUNITIES | Electric vehicle adoption surge, Autonomous vehicle innovation, Connected car technologies growth, E-commerce integration in automotive, Sustainability and eco-friendly initiatives |
| KEY MARKET DYNAMICS | Electric vehicle adoption, Regulatory compliance challenges, Supply chain disruptions, Technology advancements in manufacturing, Changing consumer preferences |
| COUNTRIES COVERED | US |
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FAQs
What is the expected market size of the US Automotive Industry Report Market by 2024?
The market is expected to be valued at 652.1 USD Billion by the year 2024.
What will be the market size of the US Automotive Industry Report Market in 2035?
The market is projected to reach approximately 1341.9 USD Billion by the year 2035.
What is the expected CAGR for the US Automotive Industry Report Market from 2025 to 2035?
The compound annual growth rate is anticipated to be 6.78% during the forecast period from 2025 to 2035.
Which vehicle type has the largest market value in 2024 within the US Automotive Industry?
The passenger car segment is valued at 270.0 USD Billion in the year 2024.
What is the market size of the SUV segment in 2035?
The SUV segment is expected to be valued at 290.0 USD Billion in 2035.
Who are the major players in the US Automotive Industry Report Market?
Key competitors include Kia, Volkswagen, Subaru, Hyundai, Nissan, Tesla, and General Motors among others.
What is the projected market size for the sedan segment by 2024?
The sedan segment is expected to be valued at 120.0 USD Billion in the year 2024.
What growth opportunities exist for the US Automotive Industry from 2025 to 2035?
Emerging trends and innovations in electric vehicles and autonomous technology present notable growth opportunities.
How much is the MUV segment expected to be valued in 2035?
The MUV segment is projected to reach a value of 91.9 USD Billion by the year 2035.
What challenges does the US Automotive Industry face in the coming years?
Challenges include supply chain disruptions and increasing regulatory pressures on emissions and safety standards.
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