Category - Automotive Industry

Automotive Industry

The Automotive Industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world’s largest economic sectors by revenue.

How much is the automobile industry worth?

The Autocare Association estimated that the US Automotive aftermarket would be worth $273.4 billion in 2017 – an increase of almost $35 billion in just four years.

What is the difference between the automobile and automotive industry?

Both terms, automobile and automotive are related to the vehicle industry. Automobile is a noun that usually refers to a four-wheeled automotive vehicle designed for passenger transportation whereas automotive is an adjective relating to motor vehicles. This is the main difference between automobile and automotive.