Seven Important Automotive Industry Trends 2024 2030 7. suvs are here to stay : in 2018, suvs comprised 46.1% of total passenger vehicle sales, growing to 57.4% by 2023. this trend is expected to continue, with suvs projected to exceed 65% of total. 2. despite a shift toward shared mobility, vehicle unit sales will continue to grow, but likely at a lower rate of about 2 percent per year. overall global car sales will continue to grow, but the annual growth rate is expected to drop from the 3.6 percent over the last five years to around 2 percent by 2030.
Seven Important Automotive Industry Trends 2024 2030 Autonomous vehicles are changing the face of the auto industry. autonomous vehicles are one of the prime automotive industry trends of 2024. the autonomous car market in 2020 was $21 billion. the expected reach in 2026 is expected to reach nearly $62 billion at a growth of cagr 22.75%. In the u.s., ev sales in 2024 are expected to grow y o y by merely 16% compared to ~64% in 2023. in china, y o y growth in 2024 would be 11.1% compared to 36.5% in 2023. factors like reduced. 1. resilient recovery and growth. the automotive industry, having navigated the challenges of the pandemic, continues its robust recovery. in 2024 we’re due to see the market bouncing back vigorously from the challenges of the past years. the sector has shown remarkable adaptability, with vehicle sales in ireland seeing a significant upturn. The automotive industry is a dynamic field characterized by constant innovation and change. as we look towards the future of this sector in 2024, several key trends are shaping the way we manufacture, purchase, and use vehicles. below is a comprehensive introduction to these trends, complete with subtitles for each section and sources where you.
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