US Automotive Industry Market Share, Size & Competitive Landscape Report 2030

US Automotive Industry Market Size & Insights

The US Automotive Industry Market size was valued at around USD 1.2 trillion in 2024 and is projected to reach USD 1.6 trillion by 2030. Along with this, the market is estimated to grow at a CAGR of around 2.1% during the forecast period, i.e., 2025-30. The US Automotive Industry Market growth is due to the increasing need for electric & hybrid vehicles, need for automated driving solutions, integration of advanced technologies such as cloud, AI, IIoT, and others, growing acceptance of MaaS, government support, increasing partnerships & collaborations, developing EV charging infrastructure, electrification of the sector, etc.

What are the Key Driver in the US Automotive Industry Market??

Increasing Shift Towards Electric and Hybrid Vehicles – The demand for hybrid and electric vehicles has increased lately due to the shift towards cleaner alternatives, government support, technological advancements, low-cost, expanding EV ecosystem, and others. The government is increasingly supporting EVs through incentives, acts, programs, and other initiatives, with the aim of reducing carbon emissions and carbon pollutants in the environment, primarily generated by the automotive industry in the US. The Inflation Reduction Act (IRA) was initiated in 2022 by the government authorities to expand the Clean Vehicle Credits up to USD7,500 for new EVs and around USD4,000 for used EVs. Additionally, with the increasing investment in the development of the EV ecosystem, an investment of around USD5 billion has been announced to be invested from 2022 to 2026 under the National Electric Vehicle Infrastructure (NEVI) Programs, for the establishment of the fast charging DC infrastructures along major highways in the United States.

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What are the Key Segments in the US Automotive Industry Market?

The US Automotive Industry is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Vehicle Type

Passenger Cars & Sports Utility Vehicles (SUVs)
Commercial Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Three-Wheelers
Two-Wheelers

Based on vehicle type, the passenger cars & SUVs hold the largest market share, around 54%.

By Propulsion Type

Internal Combustion Engine (ICE)
Electric
Hybrid
Others

The internal combustion engine (ICE) holds the largest market share of about 59%.

By Distribution Channel

Dealerships
Company-Owned Stores
Online Retail/E-Commerce
Fleet Sales
Others (Direct-to-Consumer, Rental, etc.)

By End-User

Individual/Household
Commercial/Corporate
Government & Public Sector
Ride-Sharing/Subscription Services
Others.

How does geographical analysis highlight in the US Automotive Industry market?

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Who are the Key Players in US Automotive Industry Market?

General Motors Company
Ford Motor Company
Toyota Motor Corporation (Toyota Motor North America)
Stellantis North America (Chrysler, Dodge, Jeep, Ram)
Tesla, Inc.
Honda Motor Company (American Honda Motor Co.)
Hyundai Motor Group (Hyundai, Kia)
Nissan Motor Corporation (Nissan North America)
BMW of North America, LLC
Volkswagen Group of America

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US Automotive Industry Market News

2025: General Motors announced a $4 billion investment in U.S. manufacturing, aimed at expanding its capacity for both gas-powered and electric vehicles across facilities in Michigan, Kansas, and Tennessee. This initiative is projected to elevate GM’s annual U.S. assembly output to over 2 million vehicles by 2027.

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Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.
Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

“Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide,” said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

In-depth Market Analysis: Understand trends and dynamics shaping growth.
Segmented Insights: Target specific segments for focused strategies.
Geographical Performance: Assess market opportunities by geographic area.
Emerging Technologies: Discover advancements like AI integration.
Risk Identification: Pinpoint challenges to inform strategic planning.
Future Forecasts: Prepare for market changes with actionable projections.

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