Automotive &Mobilities

The automotive industry is essential to the global economy. The “Big Three” U.S. automakers, General Motors, Ford, and Chrysler (now called Stellantis), contribute significantly to the gross domestic product of many countries worldwide and are joined by other automakers headquartered outside the United States like Toyota, Volkswagen, and Hyundai. The industry is segmented into various sub-regions and markets, such as North America, Europe/Russia, and Asia.

This industry is comprised of various sectors, including production, sales, and marketing, and generates substantial global revenue. It demands significant resources from other supply chains, such as oil, steel, plastics, and rubber. Additionally, it plays a vital role in developing roads, fuel stations, and transportation systems, which contribute to growth in other regions. The automobile industry is evolving globally, with advancing technologies and newly designed eco-friendly vehicles leading the way.

When referring to industries in the United States, you must know how they are classified in the North American Industry Classification System (NAICS). NAICS is the standard used by Federal statistical agencies in classifying business establishments. The classification system collects, analyzes, and publishes statistical data related to the U.S. business economy. NAICS has 66 codes for automobiles; below are just a sample. To understand more about NAICS, explore Doing Industry Guide.