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The Iran automobile market size is forecast to increase by USD 20.22 billion at a CAGR of 9.6% between 2023 and 2028. The market is experiencing significant growth, driven by the rising popularity of technological advancements in the industry. This trend is reflected in the increasing demand for features such as infotainment systems, advanced safety technologies, and electric vehicles (EVs). The market is also witnessing a wave in the demand for EVs due to growing environmental concerns and the availability of incentives for their purchase. However, the market faces challenges, including rising raw material costs for automobiles, which are impacting the affordability of vehicles for consumers. Furthermore, increased production activity in Iran of auto parts and components is significantly boosting the supply chain and reducing dependency on imports, fostering a strong automotive sector. Despite these challenges, the market is expected to grow steadily, driven by the government's efforts to promote the automobile industry and the increasing disposable income of the population.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Market Segmentation by Type
8 Market Segmentation by Class Type
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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