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

Amit Kumar
Sep 16
4 min read

Future US Automotive Industry Market: Key Dynamics, Size & Share Analysis

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.

Top Market Challenges Impacting the US Automotive Industry Market Growth

High Tariff Rates Hinder Market Growth – The ongoing tariff disruptions of the U.S. with other nations are a major setback for the market. As most of the vehicles and automotive parts are imported from other countries like Mexico, Japan, China, South Korea, and Canada, which account for nearly 50% of the automotive vehicles in the nation, this is driving the automotive industry in the US. The increasing tariff rate has immediate and prolonged effects on the market, as the automotive vehicles sold in the U.S. are assembled and imported outside the country. Thus, the surging tariff rate becomes a huge hurdle for the automakers, resulting in the high cost of the vehicles. For instance, in April, a 25% tariff was imposed on the import of all passenger vehicles, including sedans, SUVs, light trucks, etc., and automotive parts like engines, batteries, and electronic components. Such high impositions eventually increase the cost of the vehicles, resulting in the decline of sales in the United States, hence hindering the market growth in the nation.

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Understanding the Core Segments in the US Automotive Industry Market

US Automotive Industry Market Size, Share & Industry Trends Analysis- By Vehicle Type (Passenger Cars & Sports Utility Vehicles [SUVs], Commercial Vehicles, Three-Wheelers, Two-Wheelers), By Propulsion Type (Internal Combustion Engine [ICE], Electric, Hybrid, Others), By Distribution Channel (Dealerships, Company-Owned Stores, Online Retail/E-Commerce, Fleet Sales, Others), By End-User (Individual/Household, Commercial/Corporate, Government & Public Sector, Ride-Sharing/Subscription Services) and Others

Who Dominates the US Automotive Industry Market Insights on Key Industry Players?

Companies are strengthening their presence in the US Automotive Industry market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

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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