Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 39.39 Billion | USD 61.16 Billion | 4.50% | 2024 |
FrequentlyAsked Questions
An automotive original equipment manufacturer (OEM) is a company that produces all parts of a vehicle in-house.
The global automotive OEM market is expected to be driven by the rising demand for advanced features in vehicles.
According to study, the global automotive OEM market size was worth around USD 39.39 billion in 2024 and is predicted to grow to around USD 61.16 billion by 2034.
The CAGR value of the automotive OEM market is expected to be around 4.50% during 2025-2034.
The global automotive OEM market is expected to be led by Asia-Pacific during the forecast period.
The global automotive OEM market is led by players like Ford Motor Company, Toyota, Nissan, Volkswagen Group, Mercedes-Benz Group, Hyundai Motor Group, BYD Auto, Stellantis, Renault Group, SAIC Motor, BMW Group, General Motors, Changan, Honda and Suzuki.
The report explores crucial aspects of the automotive OEM market, including a detailed discussion of existing growth factors and restraints while browsing future growth opportunities and challenges that impact the market.
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