How big is the Iran Automobile Industry?

The Iran Automobile Industry size is expected to reach USD 37.96 billion in 2024 and grow at a CAGR of 9.57% to reach USD 59.93 billion by 2029. Read More

What is the current Iran Automobile Industry size?

In 2024, the Iran Automobile Industry size is expected to reach USD 37.96 billion. Read More

Who are the key players in Iran Automobile Industry?

Stellantis N.V., Iran Khodro, SAIPA, Volkswagen AG and Bahman Group are the major companies operating in the Iran Automobile Industry. Read More

What years does this Iran Automobile Industry cover, and what was the market size in 2023?

In 2023, the Iran Automobile Industry size was estimated at USD 34.33 billion. The report covers the Iran Automobile Industry historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Iran Automobile Industry size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key factors driving Iran's Automobile Industry?

Key factors driving the Iran Automobile Industry are a) Government incentives b) Rising demand for passenger vehicles c) Investments in electric and hybrid vehicles Read More

Iran Automobile Industry - Car manufacturers

Iran Automobile Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Iran’s Automobile Industry Report Covers Iranian Automobile Companies and is Segmented by Vehicle Type (Passenger Cars, Commercial Vehicles, and Motorcycles) and Manufacturer Type (Auto Ancillaries, Engines, and Other Manufacturer Types). The Report Offers Market Size and Forecasts in Value (USD) for the Above Segments.

Iran Automobile Industry Overview

Iran's automobile industry is a moderately consolidated market. Many prominent local players in the country, such as IKCO, SAIPA, Pars Khodro, Kerman, and Bahman, manufacture various models (such as Samand, Tiba, and Dena). IKCO and SAIPA are the most prominent automotive manufacturers. Many players plan to ramp up production output in the coming years.

In October 2022, the Iran Trade Promotion Organization (TPOI) announced the opening of an auto production line in Armenia to export manufactured cars to the Eurasian Economic Union (EAEU) states.