The motor vehicles market size has grown strongly in recent years. It will grow from $2.78 trillion in 2025 to $2.97 trillion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to growth in personal vehicle ownership, expansion of road infrastructure, affordability of mass market vehicles, urbanization trends, availability of fuel powered engines.
The motor vehicles market size is expected to see strong growth in the next few years. It will grow to $3.99 trillion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to stringent emission regulations, rapid electric vehicle adoption, demand for smart mobility solutions, advancements in battery technology, growth of shared mobility services. Major trends in the forecast period include rising adoption of electric vehicles, integration of advanced driver assistance systems, growth of connected vehicle technologies, expansion of hybrid powertrain offerings, increasing focus on vehicle safety features.
The increasing demand for electric vehicles (EVs) is expected to drive the growth of the motor vehicles market in the coming years. An electric vehicle (EV) is powered by one or more electric motors, using electricity stored in batteries or other energy storage devices as its primary energy source. EVs leverage advancements in motor vehicle technology to improve performance, sustainability, and user experience, contributing to a major transformation in the automotive industry. For instance, in July 2023, according to the International Energy Agency, a France-based intergovernmental organization, global electric vehicle sales reached 10 million in 2022, with projections rising to 14 million in 2023. Therefore, the growing adoption of EVs is propelling the motor vehicles market.
Major companies in the motor vehicles market are focusing on advanced electric vehicle and software-defined vehicle architectures to enhance performance, energy efficiency, connectivity, and the overall in-vehicle experience. These architectures integrate high-voltage batteries, electric drive units, power electronics, and centralized computing to manage propulsion, energy flow, and digital functions, enabling capabilities such as long-range driving, precise torque delivery, advanced driver assistance, immersive infotainment, and continuous over-the-air software updates. For instance, in August 2023, General Motors, a US-based automotive manufacturer, launched the Cadillac Escalade IQ, an all-electric full-size luxury SUV built on the Ultium electric vehicle platform. It features a large-capacity battery pack with fast DC charging, dual-motor all-wheel drive with adaptive air suspension, and a pillar-to-pillar display with integrated infotainment and driver-assistance controls. The Escalade IQ enhances energy efficiency, eliminates tailpipe emissions, improves comfort and connectivity for occupants, and supports ongoing feature updates throughout its lifecycle.
In March 2025, Alliance Air Aviation Limited, an India-based regional airline, partnered with NYCO S.A. to adopt its Turbonycoil 600 turbine oil for improved fleet performance. Through this partnership, Alliance Air Aviation Limited aims to enhance engine efficiency, strengthen maintenance reliability, and support long-term operational performance. NYCO S.A. is a France-based manufacturer specializing in high-performance synthetic lubricants and aviation fluids.
Major companies operating in the motor vehicles market report include Volkswagen AG, Toyoto Motor Corp, Daimler AG, Ford Motor Co, Honda Motor Co. Ltd., Fiat Chrysler Automobiles NV, SAIC Motor Co. Ltd., EXOR Group, Bayerische Motoren Werke AG, Hyundai Motor Co. Ltd., General Motors Company, Nissan Motor Co. Ltd., Fiat Chrysler Automobiles N.V., Renault-Nissan-Mitsubishi Alliance, Bayerische Motoren Werke AG, Zhejiang Geely Holding Group Co. Ltd., Tata Motors Limited, Suzuki Motor Corporation, Mazda Motor Corporation, Subaru Corporation, Dongfeng Motor Corporation, Groupe PSA, Mitsubishi Motors Corporation, Chang'an Automobile Co. Ltd., Great Wall Motor Co. Ltd., Mahindra & Mahindra Limited, BYD Auto Co. Ltd., Brilliance Auto Group, JAC Motors, Zotye Auto Co. Ltd., FAW Group Corporation, Beijing Automotive Group Co. Ltd., Chery Automobile Co. Ltd.
Asia-Pacific was the largest region in the motor vehicles market in 2025. North America was the second largest market in motor vehicles market. The regions covered in the motor vehicles market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the motor vehicles market report include China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The motor vehicle market consists of sales of bicycles and parts, motor scooters, other motorcycle and bicycle, hatchback, sedan, utility vehicle, light commercial vehicle, heavy trucks, buses and coaches. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The motor vehicles market size is expected to see strong growth in the next few years. It will grow to $3.99 trillion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to stringent emission regulations, rapid electric vehicle adoption, demand for smart mobility solutions, advancements in battery technology, growth of shared mobility services. Major trends in the forecast period include rising adoption of electric vehicles, integration of advanced driver assistance systems, growth of connected vehicle technologies, expansion of hybrid powertrain offerings, increasing focus on vehicle safety features.
The increasing demand for electric vehicles (EVs) is expected to drive the growth of the motor vehicles market in the coming years. An electric vehicle (EV) is powered by one or more electric motors, using electricity stored in batteries or other energy storage devices as its primary energy source. EVs leverage advancements in motor vehicle technology to improve performance, sustainability, and user experience, contributing to a major transformation in the automotive industry. For instance, in July 2023, according to the International Energy Agency, a France-based intergovernmental organization, global electric vehicle sales reached 10 million in 2022, with projections rising to 14 million in 2023. Therefore, the growing adoption of EVs is propelling the motor vehicles market.
Major companies in the motor vehicles market are focusing on advanced electric vehicle and software-defined vehicle architectures to enhance performance, energy efficiency, connectivity, and the overall in-vehicle experience. These architectures integrate high-voltage batteries, electric drive units, power electronics, and centralized computing to manage propulsion, energy flow, and digital functions, enabling capabilities such as long-range driving, precise torque delivery, advanced driver assistance, immersive infotainment, and continuous over-the-air software updates. For instance, in August 2023, General Motors, a US-based automotive manufacturer, launched the Cadillac Escalade IQ, an all-electric full-size luxury SUV built on the Ultium electric vehicle platform. It features a large-capacity battery pack with fast DC charging, dual-motor all-wheel drive with adaptive air suspension, and a pillar-to-pillar display with integrated infotainment and driver-assistance controls. The Escalade IQ enhances energy efficiency, eliminates tailpipe emissions, improves comfort and connectivity for occupants, and supports ongoing feature updates throughout its lifecycle.
In March 2025, Alliance Air Aviation Limited, an India-based regional airline, partnered with NYCO S.A. to adopt its Turbonycoil 600 turbine oil for improved fleet performance. Through this partnership, Alliance Air Aviation Limited aims to enhance engine efficiency, strengthen maintenance reliability, and support long-term operational performance. NYCO S.A. is a France-based manufacturer specializing in high-performance synthetic lubricants and aviation fluids.
Major companies operating in the motor vehicles market report include Volkswagen AG, Toyoto Motor Corp, Daimler AG, Ford Motor Co, Honda Motor Co. Ltd., Fiat Chrysler Automobiles NV, SAIC Motor Co. Ltd., EXOR Group, Bayerische Motoren Werke AG, Hyundai Motor Co. Ltd., General Motors Company, Nissan Motor Co. Ltd., Fiat Chrysler Automobiles N.V., Renault-Nissan-Mitsubishi Alliance, Bayerische Motoren Werke AG, Zhejiang Geely Holding Group Co. Ltd., Tata Motors Limited, Suzuki Motor Corporation, Mazda Motor Corporation, Subaru Corporation, Dongfeng Motor Corporation, Groupe PSA, Mitsubishi Motors Corporation, Chang'an Automobile Co. Ltd., Great Wall Motor Co. Ltd., Mahindra & Mahindra Limited, BYD Auto Co. Ltd., Brilliance Auto Group, JAC Motors, Zotye Auto Co. Ltd., FAW Group Corporation, Beijing Automotive Group Co. Ltd., Chery Automobile Co. Ltd.
Asia-Pacific was the largest region in the motor vehicles market in 2025. North America was the second largest market in motor vehicles market. The regions covered in the motor vehicles market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the motor vehicles market report include China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The motor vehicle market consists of sales of bicycles and parts, motor scooters, other motorcycle and bicycle, hatchback, sedan, utility vehicle, light commercial vehicle, heavy trucks, buses and coaches. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Motor Vehicles Market Characteristics
3. Motor Vehicles Market Supply Chain Analysis
4. Global Motor Vehicles Market Trends and Strategies
5. Motor Vehicles Market Analysis of End Use Industries
7. Global Motor Vehicles Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Motor Vehicles Total Addressable Market (TAM) Analysis for the Market
9. Motor Vehicles Market Segmentation
10. Motor Vehicles Market Regional and Country Analysis
11. Asia-Pacific Motor Vehicles Market
12. China Motor Vehicles Market
13. India Motor Vehicles Market
14. Japan Motor Vehicles Market
15. Australia Motor Vehicles Market
16. Indonesia Motor Vehicles Market
17. South Korea Motor Vehicles Market
18. Bangladesh Motor Vehicles Market
19. Thailand Motor Vehicles Market
20. Vietnam Motor Vehicles Market
21. Malaysia Motor Vehicles Market
22. Singapore Motor Vehicles Market
23. Philippines Motor Vehicles Market
24. Hong Kong Motor Vehicles Market
25. New Zealand Motor Vehicles Market
26. Taiwan Motor Vehicles Market
27. South East Asia Motor Vehicles Market
28. Western Europe Motor Vehicles Market
29. UK Motor Vehicles Market
30. Germany Motor Vehicles Market
31. France Motor Vehicles Market
32. Italy Motor Vehicles Market
33. Spain Motor Vehicles Market
34. Austria Motor Vehicles Market
35. Belgium Motor Vehicles Market
36. Denmark Motor Vehicles Market
37. Finland Motor Vehicles Market
38. Ireland Motor Vehicles Market
39. Netherlands Motor Vehicles Market
40. Norway Motor Vehicles Market
41. Portugal Motor Vehicles Market
42. Sweden Motor Vehicles Market
42. Switzerland Motor Vehicles Market
43. Eastern Europe Motor Vehicles Market
44. Russia Motor Vehicles Market
45. Czech Republic Motor Vehicles Market
46. Poland Motor Vehicles Market
47. Romania Motor Vehicles Market
48. Ukraine Motor Vehicles Market
49. North America Motor Vehicles Market
50. USA Motor Vehicles Market
51. Canada Motor Vehicles Market
52. Mexico Motor Vehicles Market
53. South America Motor Vehicles Market
54. Brazil Motor Vehicles Market
55. Chile Motor Vehicles Market
56. Argentina Motor Vehicles Market
57. Colombia Motor Vehicles Market
58. Peru Motor Vehicles Market
59. Middle East Motor Vehicles Market
60. Saudi Arabia Motor Vehicles Market
61. Israel Motor Vehicles Market
62. Iran Motor Vehicles Market
63. Turkey Motor Vehicles Market
64. United Arab Emirates Motor Vehicles Market
65. Africa Motor Vehicles Market
66. Egypt Motor Vehicles Market
67. Nigeria Motor Vehicles Market
68. South Africa Motor Vehicles Market
70. Motor Vehicles Market Competitive Landscape and Company Profiles
71. Motor Vehicles Market Other Major and Innovative Companies
74. Motor Vehicles Market High Potential Countries, Segments and Strategies
75. Appendix
Executive Summary
Motor Vehicles Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses motor vehicles market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for motor vehicles? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The motor vehicles market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Type: Motorcycle and Bicycle; Passenger Car; Commercial Vehicle2) By Fuel Type: Gasoline; Diesel; Other Fuel Types
3) By Engine Capacity: < 1000 cc; < 1000-1500 cc; < 1500-2000 cc; >2000 cc
4) By Propulsion Type: IC Engine; Electric Vehicle
Subsegments:
1) By Motorcycle and Bicycle: Motorcycles; Electric Motorcycles; Electric Bicycles2) By Passenger Car: Compact Cars; Mid-Size Cars; Full-Size Cars; Luxury Cars; Electric Vehicles (EVs); Hybrid Electric Vehicles (HEVs); Plug-in Hybrid Electric Vehicles (PHEVs)
3) By Commercial Vehicle: Light Commercial Vehicles (LCVs); Heavy Commercial Vehicles (HCVs); Trucks; Buses; Vans; Electric Commercial Vehicles (ECVs)
Companies Mentioned: Volkswagen AG; Toyoto Motor Corp; Daimler AG; Ford Motor Co; Honda Motor Co. Ltd.; Fiat Chrysler Automobiles NV; SAIC Motor Co. Ltd.; EXOR Group; Bayerische Motoren Werke AG; Hyundai Motor Co. Ltd.; General Motors Company; Nissan Motor Co. Ltd.; Fiat Chrysler Automobiles N.V.; Renault-Nissan-Mitsubishi Alliance; Bayerische Motoren Werke AG; Zhejiang Geely Holding Group Co. Ltd.; Tata Motors Limited; Suzuki Motor Corporation; Mazda Motor Corporation; Subaru Corporation; Dongfeng Motor Corporation; Groupe PSA; Mitsubishi Motors Corporation; Chang'an Automobile Co. Ltd.; Great Wall Motor Co. Ltd.; Mahindra & Mahindra Limited; BYD Auto Co. Ltd.; Brilliance Auto Group; JAC Motors; Zotye Auto Co. Ltd.; FAW Group Corporation; Beijing Automotive Group Co. Ltd.; Chery Automobile Co. Ltd.
Countries: China; India; Japan; Australia; Indonesia; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; Taiwan; New Zealand; UK; Germany; France; Italy; Spain; Austria; Belgium; Denmark; Finland; Ireland; Netherlands; Norway; Portugal; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Motor Vehicles market report include:- Volkswagen AG
- Toyoto Motor Corp
- Daimler AG
- Ford Motor Co
- Honda Motor Co. Ltd.
- Fiat Chrysler Automobiles NV
- SAIC Motor Co. Ltd.
- EXOR Group
- Bayerische Motoren Werke AG
- Hyundai Motor Co. Ltd.
- General Motors Company
- Nissan Motor Co. Ltd.
- Fiat Chrysler Automobiles N.V.
- Renault-Nissan-Mitsubishi Alliance
- Bayerische Motoren Werke AG
- Zhejiang Geely Holding Group Co. Ltd.
- Tata Motors Limited
- Suzuki Motor Corporation
- Mazda Motor Corporation
- Subaru Corporation
- Dongfeng Motor Corporation
- Groupe PSA
- Mitsubishi Motors Corporation
- Chang'an Automobile Co. Ltd.
- Great Wall Motor Co. Ltd.
- Mahindra & Mahindra Limited
- BYD Auto Co. Ltd.
- Brilliance Auto Group
- JAC Motors
- Zotye Auto Co. Ltd.
- FAW Group Corporation
- Beijing Automotive Group Co. Ltd.
- Chery Automobile Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 2.97 Trillion |
| Forecasted Market Value ( USD | $ 3.99 Trillion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 33 |
