Coronavirus devastating effect on Global Automotive Market: The coronavirus (COVID-19) pandemic has induced a decade of expansion in the global automotive industry to an abrupt standstill, with sales plummeting in most markets. This market is anticipated to increase most significantly Sep 28, 2022 · In 2020, the United States was the second largest importer of automotive products globally, accounting for a share of approximately 20 percent. Toyota overtook Volkswagen in car sales in 2020, regaining position as the Jan 12, 2021 · In a context of the Covid-19 pandemic, the 2020 Groupe Renault worldwide sales totalled 2,949,849 vehicles, down 21. 93 billion in 2024, and is expected to reach USD 2. The market for light vehicles entered a downward trend in 2019. 07 billion by 2029, growing at a CAGR of less than 1. World Car Group Ranking in 2024 is dominated by Toyota (-4. 32 Million Units in 2020. This is a list of countries by motor vehicle production based on International Organization of Motor Vehicle Manufacturers and other data from 2016 and earlier. 20% during the forecast period (2024-2029). Today, more than half of all electric cars on the road worldwide are in China. 2 trillion in 2020. 22 billion in 2022 to USD 103. While North American executives are least convinced of ICT and automotive cooperation (38%), Chinese (65%) and Western European (48%) executives believe strongly in this concept. car manufacturers' R&D costs 2007-2012; Number of Fiat cars registered in Hong Kong 2019, by year of manufacture Global auto production in 2020 severely hit by COVID-19 crisis with a 16% drop in world auto production. 98 million in 2021 and is projected to touch USD 3577110. Published Thu, Jan 28 20213:46 PM EST. Rapid growth in the transportation and logistics sector has fueled the production of heavy-duty vehicles. BMW's global market share of passenger car production 2014; Passenger car production worldwide - Ford's global Revenue of leading carmakers worldwide 2022. 8 million units in 2020, before slowly rebounding in 2021 and 2022. 2%. Car sales in Russia and Japan were down by around a tenth while the US and Indian markets were down by around 17%. The total market in The Luxury Car Market size in terms of Equal-5. 1 Global Automotive Market Outlook, $ Billion, 2019-2026 2. Apr 26, 2023 · The overwhelming majority of electric car sales to date are mainly concentrated in three markets – China, Europe and the United States. The Ghana Automobile Market size is estimated at USD 1. In the fiscal year of 2023, the Honda Group sold nearly 3. 52% in 2021. The North America Automotive Market size is estimated at USD 0. 1 million, for year-on-year growth of just 9 percent. Executive Summary. What was the growth rate of the Global Car & Automobile Sales industry in 2023? The market size of the Global Car & Automobile Sales industry increased 0. In the fourth quarter of 2022, GM Car brand market share worldwide 2023. dollars in 2020. All-electric car sales in Q1-Q4 Back in 2012, just 120 000 electric cars were sold worldwide. Automotive sensor manufacturers' market share worldwide in 2022. Expert industry market research on the Global Car & Automobile Manufacturing (2024-2029). Car brand market share worldwide 2023. EV market share = electric car share of new car sales. Geely joins the top 10 rising 25. The statistic that the global automotive industry is projected to grow at a compounded annual growth rate (CAGR) of around 3. [1] Size of the global market for automotive sensors in 2020, with a forecast for 2025 (in billion U. Mar 8, 2024 · Global new car sales grew by almost 10% after remaining stable in 2022; EU new car sales surged by almost 14%, totalling 10. Mathilde Carlier. 01% during the forecast period. 5 trillion U. new energy car sales revenue 2020-2023, by type. Automotive industry in the U. 9 million units, up 1% from 2021 but down 16% from 2019. Ford Motor Corporation's vehicle sales in the United States between 4th quarter 2020 and 4th quarter 2023, by segment. 5 million, according to industry analysts. Japanese manufacturers Toyota and Denso are among the 3 days ago · U. For more details on these emerging automotive industry trends, download the full report. IEA, World Energy Investment 2020 and Tracking Clean Energy Progress. Michael Wayland @MikeWayland. 0% during the forecast period. 85 billion by 2029, exhibiting a CAGR of 8. The automotive industry may never Feb 13, 2024 · Battery electric vehicle market share in China 2018-2021; SAIC Motor: new energy vehicle production 2017-2021, by type Net profit of Dongfeng Motors in China 2011-2020; Audi's worldwide car May 4, 2021 · Despite the fact that the number of electric passenger cars in use globally increased from close to zero to 10. 7% in 2021, reflecting a loss of competitiveness in the American car manufacturing system. The United States imported automobile products to Sales of electric cars started from a low base but are growing quickly in many markets. 5%) achieved new records in electric vehicle market share in 2019. All three companies are based in Detroit, so their performance has a Jun 9, 2022 · Jun 9, 2022. 4% during the forecast period. 7 million automobiles worldwide, 62 percent of which was accounted for by its largest market Asia, followed by North America Regional impact 9 Basic Statistic United States - car growth outlook 2020-2023 Basic Statistic Monthly inventory/sales ratio in the U. EV sales are expected to continue strongly through 2024. The global automotive market size was USD 2738387. Infineon, NXP, and Renesas were the leading automotive semiconductor manufacturers worldwide in 2021. China remained the largest and best-performing single-country car market in the world with sales down 6% to just less than 20 million vehicles. The automotive industry in the country consists of retailers of imported used vehicles and a few distributors who deal with retailing newly Aug 31, 2023 · Meanwhile, Chinese OEMs are gaining ground in both China and Europe, reaching 45 percent market share in their home market in 2022 and octupling their market share in Europe between 2020 and 2022. EV sales rose 65 percent from 2017 to 2018 (Exhibit 1). This list of car sales by country includes global rank, number of units sold, and top car brands within each country listed. Contents. List of countries by motor vehicle production. In the chart below, you can explore these trends across the world. This progress will likely continue. The Leader In Automotive Sales Figures, Global Trends & Deep Analysis. - capital investments 2012-2016; U. 02/gal in June 2022 12, 13. Jun 11, 2024 · Tables with sales figures. Jul 17, 2020 · Growth in the electric-vehicle market has slowed. auto industry 2009-2023 Oct 15, 2021 · According to the report, the Global Automotive Market consisted of 85. Figures include passenger cars, light commercial vehicles, minibuses, trucks, buses and coaches. 64 million by 2031, exhibiting a CAGR of 3. We currently expect to see around 17 million in sales by the end of 2024 Total new car sales in 2022 were 13. 4 The U. 9%) and Europe (at 3. rebounded after a poor 2022 with a 13% increase in sales. 7% from 2023 to 2030. Jan 28, 2021 · Toyota beats Volkswagen to become world's No. 59 billion by 2032, exhibiting a CAGR of 10. Published by. Toyota's sales tally came to around 805,950 units in 2022, up from nearly 760,100 units in 2021. The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. 8 percent. : eCommerce sales of automotive aftermarket parts and accessories 2012-2025; Size of the global automotive wheel market 2017 / 2025; Brazil: automotive industry revenue 2010-2019, by segment In the same year, BYD became the fastest-growing automaker worldwide for NEV sales, and its global NEV market share increased to 8. 0% in year-to-date volume. car market: mid/large car model share of manufacturers 2020-2023; Best car manufacturers based on ride quality in Great Britain 2014; U. It focuses on five significant trends in the global luxury-automobile segment 1 Cars with a manufacturer’s suggested retail price (MSRP) of $80,000 or more. S. 2014 Average purchase price of used cars in the Netherlands 2017 U. According to statistics published in April 2018 by the European Automobile Manufacturers Association (ACEA), India is ranked fourth in the top ten global car-producing countries. 5 million, triple the amount in 2018. 99 trillion in 2024, and is expected to reach USD 1. market share of around 17. Toyota Motor Corporation: motor vehicle sales by region 2017 Worldwide car sales dipped to 63. After a bleak 2019, which already saw a marked decline of almost 5% in world auto production (down to less than 92. Toyota held around 13. Top 25 countries for car sales per year. 25 billion, and it is expected to reach 109. " Share this statistic: Cite. 29 trillion by 2029, growing at a CAGR of 5. In 2021, more than that many are sold each week. dollars in revenue from road vehicle and parts retail trade, the sector has swiftly Feb 6, 2021 · SAIC and Volkswagen Group are at a similar level of about 11% market share, ahead of Renault-Nissan-Mitsubishi Alliance (8%) and BYD (6%, down from 9% in 2019). Ford Motor Company accounted for just under 15 percent of Canada's new vehicle market Jun 3, 2024 · KEY MARKET INSIGHTS. dollars from auto sales by 2030. In the tables below we report sales for the top 30 groups. 53 trillion U. Apr 27, 2023 · Apr 27, 2023. This market includes various parts and types of the Jul 8, 2022 · Our latest report on the luxury-automobile market updates McKinsey’s extensive research on the sector. The used car market is projected to reach over 1. That would be down 15 percent from the 2019 total of 17. Equally sobering, EV sales declined by 25 percent during the first quarter of 2020. 4 percent year-over-year in 2022. 5% during the period of 2021-2026. General Motors reached a U. In 2020, global motor vehicle output shrank by nearly 16 percent. Globally, Japan's Honda Group sold about 3. Over 3 million electric cars were sold in the first quarter, about 25% more than in the same period last year. 2 billion worldwide, while the total market revenue amounted to US$1. 1 million vehicles — but it is Apr 18, 2022 · Big Three: A reference to the three largest automobile manufacturers in North America: General Motors, Chrysler and Ford. 9% and 11. 5% In Viet Nam, after an exceptional 2022 for the overall car market, car sales contracted by 25% in 2023, but electric car sales still recorded unprecedented growth: from under 100 in 2021, to 7 000 in 2022, and over 30 000 in 2023, reaching a 15% sales share. car market: mid/large car model share of manufacturers 2020-2023 Automotive industry in the U. This represents a compound annual growth rate of around 3. Overall, the global automotive industry is in better shape than it was five years ago, especially in the US, where profits and sales have recovered following the recent economic crisis, and in China, where growth remains strong. , Ltd. Global car sales increased to nearly 90 million units in 2023, up from 81 million in 2022 and the highest level seen since 2019. This brought the total number of electric cars on the world’s roads to about 16. However, this share declined to about 4. Election year vs. The luxury car market has experienced robust growth in 2022, driven by key factors such as the expanding affluence of the global population, especially in Sep 11, 2023 · The market size, measured by revenue, of the Global Car & Automobile Sales industry was $4. Dec 8, 2023 · Dec 8, 2023. 2 million cars, trucks and buses) and which ended 10 years of growth, the world auto industry faced a new, unprecedented challenge in 2020 due to the COVID pandemic. 86 billion in 2024 to USD 42. Read more As per this research report, Worldwide Automotive Market was valued at 85. 63 billion in 2024 to USD 967. 85 billion by 2029, growing at a CAGR of 8. It is projected that the global automotive industry will generate about 3. 6%, respectively. 20%. 8 trillion U. 2 million between 2010 and 2020, electric cars and plug-in hybrids accounted for just Mar 23, 2023 · This statistic represents the Ford Motor Company's share of the Canadian automobile market in 2020 and 2021. May 22, 2024 · May 22, 2024. dollars in 2027, up from 1. Toyota Motor Corporation: net revenue 2012-2024. by type of manufacturer 2020-2023; Market share of passenger car brands in Russia 2015-2019; Jan 19, 2021 · In full-year 2020, global car sales were weaker in all major regions of the world. With over 1. Here, “electric cars” include fully battery-electric Car brand market share worldwide 2023. dollars) Premium Statistic Market size of ADAS worldwide 2024-2029 Premium Statistic Projection of the automotive semiconductor market size 2020-2030 global market share 2022. 6% in 2010 and 2. 1 car seller in 2020. May 26, 2022 · (12 May 2021) In 2020, worldwide motor vehicle production fell sharply, dropping 15. China, the largest market in the world, grew considerably at 12%. 32 million units in 2020, and is expected to reach 122. But the industry’s engines never stopped running, and cars and trucks have In 2020, 50% of automotive executives believe that ICT companies and auto manufacturers will cooperate, while 65% of them believed so in 2019. 23 billion in 2023. The India automotive market demand was pegged at 3,641,233 units in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9. 5 million units; New battery-electric car sales grew by 37%, reaching a market share of 14. The market is expected to grow from USD 19. To develop this As per the analysis shared by our research analyst, the global automobile market is estimated to grow annually at a CAGR of around 4. The automotive glass market size was valued at USD 18. S Electric Vehicle Market Share is Over 8. , Europe, China: share of new car sales 2020 & 2025 The 2020 Global Automotive Consumer Study provides insights into how consumer opinion about these disruptive technologies may affect the future of the automotive industry and where automakers are investing to bring these advanced features to market. Published Fri, Dec 31 20218:11 AM EST. This content is for members only. 2 percent Apr 28, 2021 · Toyota Motor Corporation (TMC) announces its sales, production, and export results for March 2021 as well as the cumulative total from January to April 2021, and the fiscal year from April1, 2020 to March 31, 2021, including those for subsidiaries Daihatsu Motor Co. General Motors, Ford, and Ram all sell popular trucks and SUVs, and Toyota has also become a major player in the SUV market. Basic Statistic Best-selling car models worldwide in 2023 Oct 30, 2020 · The result is that Tesla now holds roughly 18% of the global electric vehicle market year-to-date in 2020 with Volkswagen coming at a distant second with only a third of Tesla’s volume (via EV The market capitalization of the world's automotive original equipment manufacturers came to a total of 1. In that year, according to this forecast, electric cars will have a world market share of 8 percent. May 22, 2024 · Global automotive e-commerce market size 2021-2031; Online automotive aftermarket - global market size 2020 & 2027; Online car sales in U. In 1980, Toyota’s market share was a mere 6. 43% during the forecast period (2024-2029). Gas Prices Expected to Average $3. 57 percent in the fourth quarter of 2022, ahead of Toyota Motor by around three points. 3 Global Light Commercial Vehicles Market Outlook, $ Billion, 2019-2026 May 27, 2024 · The global automotive semiconductor market size was valued at USD 53. Mitsubishi Mar 21, 2024 · Market share of PT Astra International Tbk in Indonesia's automotive industry in 2022, by type Premium Statistic Net revenue share of Astra International 2020-2023, by division Jul 10, 2023 · Honda's worldwide automobile sales 2002-2023. But in 2019, the number of units sold increased only to 2. 06 billion in 2021 and is projected to grow from USD 59. 7 million automobiles in its 2023 fiscal year, which is Jan 10, 2024 · Projection for the used car market size worldwide between 2020 and 2027 (in trillion U. China is the frontrunner, with 60% of global electric car sales taking place there in 2022. "Electric vehicles will make up 54% of new car sales worldwide by 2040. market share fell 0 The share of new car sales taken up by EVs will vary considerably across markets (see figure 3). 3tr in 2023. The COVID-19 pandemic hindered the growth of the automotive seat market as there were continuous lockdowns and travel restrictions across the world to contain the virus. 2 Global Passenger Cars Market Outlook, $ Billion, 2019-2026 2. The Indian economy has been expanding with the rise in disposable income of middle-class consumers. But this doesn’t tell the whole story. In Norway, this share was over 90%, and in China, it was almost 40%. In 2020, Japan was the second largest exporter of automotive products globally, accounting for a share of just almost 10 percent. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. [1] It is one of the world's largest industries by revenue (from 16% such as in France up to 40% to countries like Slovakia). 6 percent; by 2009, it reached 16. This statistic represents the Toyota Motor Corporation's share of the Canadian automobile market in 2020 and 2021. Jul 16, 2021 · The automotive industry pumped the brakes hard in the early months of the global COVID-19 pandemic. 16%. 50/gal in 2023, Down From Highs of $5. that we believe will shape the market over the coming decade. 11 McKinsey analysis based on 2002–22 data on global passenger-car sales from IHS Markit, accessed May 20, 2023. In particular, China (at 4. Jul 12, 2023 · Jul 12, 2023. 4% from the previous year, because of travel restriction measures and an overall decline in economic activity due to the COVID-19 pandemic. 84 billion, by 2030. May 21, 2020 · Asian auto manufacturing giants Toyota, Honda, and Nissan have been behind most of the market erosion of traditional US manufacturers. 7 percent. The automotive market comprises various companies and organizations. Globally, around 1-in-4 new cars sold were electric in 2023. Has the Global Car & Automobile Sales industry grown or declined over the Automotive Market Report Overview. Nearly 10% of global car sales were electric in 2021, four times the market share in 2019. Purchase subsidies were reduced in key markets. The best-selling auto manufacturers in the US in 2022 reflect the continued popularity of trucks and SUVs. 2 billion growing at a CAGR of 5. 3 million, from 2. This marks the third consecutive Market share of China in light vehicle sales worldwide 2000-2020 Share of state labor force coming from automotive industry: U. Global motor vehicle sales decreased by 1. 7%). Mathilde Carlier , Jul 10, 2023. In 1950, the United States accounted for more than 80% of global car production, excluding commercial vehicle production. Recovery from two years of decreased demand had started in 2021, but the semiconductor shortage led to s. Currently, The Automotive Seat Market was valued at USD 80. By 2020, global profits for automotive OEMs are expected to rise by almost 50 Jan 5, 2021 · Sales for 2020 are expected to come in at around 14. 55 is expected to grow from USD 738. The effects began in China, where sales plunged 71 percent in February 2020; by April, sales had dropped 47 percent in the United States and dived 80 percent in Europe. May 27, 2024 · Statistic 20. 5% during the forecast period (2024-2029). , Europe, China: share of new car sales 2020 & 2025 Mar 22, 2024 · Global passenger car industry - profits by region 2009-2012; Change in monthly car registrations in Germany 2018-2020; Spain: leading car brand market shares 2023 Jan 27, 2023 · Toyota Motor's European car market share grew by some six percent between 2021 and 2022. 83 million units by 2030. The largest passenger cars segment, SUVs, accounted for 46% of Ford Oct 7, 2022. Historical and Current Vehicle Sales Data by Country, Brand, Segment & Manufacturer. 6% market share of electric cars in worldwide car sales constitutes a record. We forecast China to achieve a domestic market share of around 48 per cent by 2030 – almost double that of the United States (27 per cent), and Europe should achieve 42 per cent. 17%. - capital investments 2012-2016 Best car manufacturers based on seat comfort in Great Britain Automotive industry worldwide - statistics & facts Small car model launches in U. U. Dec 31, 2021 · From SPACs to chips: Five ways 2021 may have forever changed the auto industry. 3% in a global automobile market that declined by 14. Autos have seen a y-o-y bump every election year except 1980 and 2008. 27% in the upcoming five years. and Hino Motors, Ltd. 63 billion in 2022 and is projected to reach USD 3969. The COVID-19 pandemic had a significantly negative impact on the market during the first half of 2020 due to lockdowns and shutdowns of May 22, 2024 · Market share of plug-in electric vehicles in China 2020, by model Number of deals investing on new energy cars in China for Q1-Q3 2018 Value of deals investing on new energy cars in China for Q1 The high motor vehicle demand in the country fuels an active automotive industry. Notes. 0% for the First Three Months of 202314. The Asia-Pacific dominated the automotive semiconductor market with a share of 40. Japan exported automotive products to the value of some 125 The second half of the 20th century has seen a major shift in car production. 1%) which maintains sa significant distance from the runner up Volkswagen (+3. Truck sport utility vehicles have recorded a period of growth over the past years, reaching close to 41 percent of the production share of new automobiles in the United States in 2020 The share of electric cars in total sales has increased from around 4% in 2020 to 18% in 2023. 7 trillion in 2022. 55% during the forecast period (2024-2029). 6%; Although China’s car market stalled in the first three quarters of 2023, full-year sales grew by 4. Brazil: light vehicle production value 2008-2020; The most important statistics. Passenger cars experienced a more significant drop in production than commercial vehicles, with decreases of 16. Global automotive market share in 2023, by brand. Jun 15, 2020 · Against this backdrop of sluggish sales in 2019, the 2. Infineon's market share was estimated at around 12. 42% over the forecast period (2023-2030) In terms of revenue, the global automobile market size was valued at around USD 2810. Global Light Vehicle Sales For Q1 2023 Grew 12% Year-Over-Year2. Ford realized a total revenue of US$135. Key Points. 7% in 2023. Global automotive market share in 2023, by brand Volkswagen Group's plug-in hybrid electric vehicle deliveries worldwide between 2020 and 2023. Mar 23, 2023 · Mathilde Carlier. 65 billion by 2029, at a CAGR of 5. dollars) Premium Statistic Market share of luxury car sales UAE 2021, by body type The increase in output signals that the automotive industry has begun to recover after the tumultuous years of 2019 and 2020. 67 billion in 2024, and is expected to reach USD 187. India remained the third largest single-country car market with 8% growth and The Analysis Of Automobile Industry In India Market size is estimated at USD 126. Toyota was an early mover, capturing American hearts with Lexus, its luxury business model. . EV = electric vehicle. The industry is expected to grow at a CAGR of Car market share by powertrain in selected countries and globally, in the Stated Policies Scenario and the Sustainable Development Scenario, 2019, 2030 and 2050 - Chart and data by the International Energy Agency. Nov 11, 2019 · 2. prior year sales. 7 percent of the Canadian automobile Global automotive e-commerce market size 2021-2031; Online automotive aftermarket - global market size 2020 & 2027; Online car sales in U. Domestic front-runner VinFast, established in 2017, accounted for nearly all domestic Dec 15, 2009 · The statistic shows a prediction for the world market shares of new car types in 2020. asgreynzqibendnbwhar