Automotive Market in Europe: Industry Analysis and Forecast (2024-2030)

The Automotive Market size in Europe was valued at USD 16.26 Billion in 2023 and the total Automotive Market in Europe revenue is expected to grow at a CAGR of 8.9 % from 2024 to 2030, reaching nearly USD 29.55 Billion.
The rise of mobility-as-a-service (MaaS) platforms has transformed the way Europeans think about transportation, encouraging shared mobility and reducing the emphasis on car ownership.

Automotive Market in Europe: Industry Analysis and Forecast (2024-2030)

The Automotive Market size in Europe was valued at USD 16.26 Billion in 2023 and the total Automotive Market in Europe revenue is expected to grow at a CAGR of 8.9 % from 2024 to 2030, reaching nearly USD 29.55 Billion. The European automotive market is a dynamic and diverse sector, characterized by a rich history of automobile manufacturing and a commitment to innovation.