Car & Automobile Manufacturing Market is Projected to Grow at 8.7% CAGR, Reaching US$ 6,457.67 Billion by 2034 | Fact.MR Report [Yahoo! Finance]
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Source: Yahoo! Finance
Rockville, MD, Nov. 21, 2024 (GLOBE NEWSWIRE) -- A recently published report by Fact.MR, a market research and competitive intelligence provider, has evaluated that the global car & automobile manufacturing market is estimated to reach US$ 2,794.56 billion in 2024 . The market is further forecasted to advance at a CAGR of between 2024 and 2034. As cars become more necessary to modern life worldwide, the automotive sector is expanding at an unparalleled rate. The adaptability of cars continues to contribute to their growing demand globally, from metropolitan areas to rural communities. This increase is mostly attributable to the wide range of industries in which automobiles are used. The sector has grown into specialized fields, including emergency services, commercial logistics, and mobile business operations, even if personal mobility is still the most common application. Growing middle classes are looking for both personal and commercial transportation options, which is contribut
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