According to Cognitive Market Research, the global car carrier market size is USD 9,128.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.00% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 3,651.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 2,738.5 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2,099.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 456.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 182.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
The consumer electronics segment is expected to hold the highest revenue share in the Car carrier market
