The global automotive market, valued at $2800 billion in 2021, is projected to grow at a CAGR of 5.0% from 2022 to 2030, driven by rising disposable incomes, technological advancements, and increasing demand for electric and autonomous vehicles. The Asia-Pacific region is expected to lead this growth, supported by government investments and incentives for electric vehicle adoption. Major players include General Motors, Maruti Suzuki, and Volkswagen, with ongoing mergers and innovations shaping the industry landscape.
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