By 2020, the OEMs were expected to rise their profit by 50% but the global impact of Covid-19 has changed the entire scenario where OEMs need to adapt according to regional supply and demand of automotive products. The major goal of this paper is to provide a detailed analysis of automobile industry that gives a clear description of the industry … The global automotive aftermarket size was valued at USD 378.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2020 to 2027. The automobile industry in India is the world’s fourth largest. India was the world's fourth largest manufacturer of cars and seventh largest manufacturer of commercial vehicles in 2019. Find industry analysis, statistics, trends, data and forecasts on Global Car & Automobile Manufacturing from IBISWorld. The market is majorly driven by the pursuit of automobile drivers to enhance their vehicle performance in terms of exhaust sound, speed, appearance, along with other aspects The global automobile industry incorporates several large car manufacturers’ blocs that work collaboratively suppliers at the global level. The automotive industry began in the 1860s with hundreds of manufacturers that pioneered the horseless carriage.For many decades, the United States led the world in total automobile production. Indian automotive industry (including component manufacturing) is expected to reach Rs 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. Get up to speed on any industry with comprehensive intelligence that is easy to read. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. Southeast Asia automotive industry overview [market analysis] Southeast Asia is a powerhouse for the automotive industry in Asia and beyond with very attractive perspective for the coming years. Automotive Industry Analysis & Worldwide Forecast 2020-21 Contributing approximately 4% to global GDP, Automotive sector has immense importance in manufacturing sector. All About Automotive Industry: Segments, Value Chain and Competitive Advantage4.9 (98.4%) 25 ratings The Automotive Industry consists of a broad range of organizations and companies with a critical objective of designing, developing, marketing, manufacturing, and selling of motor vehicles. The region presents the double interest of having large markets with important sales growth potential and important automotive manufacturing hubs to produce for Asia and the world. In 1929, before the Great Depression, the world had 32,028,500 automobiles in use, and the U.S. automobile industry produced over 90% of them.At that time, the U.S. had one car per 4.87 persons.