Top Automotive Market Research Companies

What is an automotive market research company?

In terms of revenue, the global automobile and car manufacturing industry is estimated to generate $2.8 trillion globally after suffering a sharp decline in the first year of the COVID pandemic, subsequently followed by gradual increases. More than 60 million new cars are sold globally each year, and existing sales generate revenue for businesses such as service centers, OEM and aftermarket parts stores, used car dealerships, and personal insurance providers. Individual consumers account for the most profitable sales, but fleet sales to large corporations, small businesses, rental car firms, utility companies, and government agencies are significant and help manufacturers unload volume and build awareness.