SOURCE RESEARCH
Vehicle and Mobility Services
Market Data | 4Q 2024 | MD-MOBI-110
Get The ReportGrowing at a Compound Annual Growth Rate (CAGR) of 2.4%, global passenger vehicle sales will increase from 94.7 million in 2024 to 109 million by 2030. The automotive industry faced a downward trend in sales volume in 2022 but has rebounded in 2023 and 2024. Asia-Pacific, given its enormous population and growing middle class, will be the primary growth driver for new vehicle sales throughout the forecast.
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