From 2023 to 2027, the motor vehicles market is estimated to grow by 28721.3 thousand units. As per the forecast for the stated years, the CAGR is pegged at 6.3%. The motor vehicles market is segmented by vehicle (commercial vehicles and passenger cars), propulsion (hybrid, electric, and ICE), as well as geographical landscape (North America, South America, APAC, Middle East, Europe, and Africa).