GITNUX MARKETDATA REPORT 2024

The Most Surprising Automobile Industry Statistics And Trends in 2024

Statistic 1

"The United States automobile industry contributed approximately 3% to the gross domestic product (GDP) in 2019."

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Statistic 2

"In 2020, Toyota was the largest car manufacturer globally by revenue."

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Statistic 3

"General Motors led U.S. auto sales in 2020, selling approximately 2.5 million vehicles."

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Statistic 4

"Electric vehicle sales in Europe saw a 137% increase in 2020 compared to 2019."

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Statistic 5

"About 10 million electric vehicles were on the world’s roads by the end of 2020."

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Statistic 6

"Autonomous vehicle technology could add $7 trillion to the global economy by 2050."

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Statistic 7

"The automotive industry invests over $100 billion annually in research and development globally."

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Statistic 8

"The automotive aftermarket in the United States was valued at approximately $383 billion in 2020."

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Statistic 9

"China is the largest automobile market in the world, with more than 21 million cars sold in 2021."

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Statistic 10

"In 2020, the combined market share of the top three global automakers was over 30%."

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Statistic 11

"The global automobile industry is expected to reach a market size of $9 trillion by 2030."

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Statistic 12

"In 2020, over 78 million motor vehicles were produced worldwide."

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Statistic 13

"By 2025, it is estimated that there will be 25 billion IoT connected sensors in automated cars."

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Statistic 14

"The global market for automotive cybersecurity is projected to reach $7.3 billion by 2026."

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Statistic 15

"The automotive industry in India accounted for 7.1% of the country’s GDP in 2019."

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Statistic 16

"In 2021, Tesla became the world’s most valuable automaker, surpassing a market cap of $800 billion."

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Statistic 17

"Germany’s automotive industry employed around 820,500 people in 2020."

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Statistic 18

"The average age of passenger cars in the United States reached 12.1 years in 2021."

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Statistic 19

"The average transaction price for a new vehicle in the U.S. in May 2021 was $38,255."

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Statistic 20

"The average CO2 emissions from new cars in the European Union decreased by 12% between 2000 and 2020."

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