In the highly connected world, there is always a need for speed. Automobile sector provides humans with a ways to commute and fuel the fast paced life these days. This sector has always been a major factor in contributing towards growth.
CAGR: 5.5%
Market size: $ 4.4 Tn
GDP Contribution: 7.1%
Market drivers:
– Technological advancements
– Increasing urbanization
– Growing middle class