Global car industry. In 2023, car sales worldwide grew past pre-pandemic levels.

• Global car industry • Global new-vehicles sales will remain flat in 2023: new-car sales will rise by 0. Production processes that use a significant volume of water include surface treatment, painting, coating, washing, cooling, air-conditioning, and boilers Dec 18, 2023 · The global chip shortage, therefore, impacted automotive supplies, making it harder for manufacturers to meet the new car demand. S. By 2020, global profits for automotive OEMs are expected to rise by almost 50 The Global Automotive Industry Market size is valued at USD 436. In 2023, car sales worldwide grew past pre-pandemic levels. Across other geographies, Japanese sales decreased 6%, the Brazilian market was relatively flat, and Russian sales 1plummeted by nearly 60%. Where to Learn More. 04% to reach USD 3758. 47% from 8. Combined, this will ensure that lucrative opportunities exist around the world. Mar 10, 2025 · The automotive industry is essential to the global economy. The report May 26, 2022 · (12 May 2021) In 2020, worldwide motor vehicle production fell sharply, dropping 15. In June 2021, Toyota recorded the lowest vehicle inventory across Automotive outlook 2023 Bright spots amid stalling growth Key forecasts • The automotive industry will remain vulnerable to global headwinds in 2023 including the energy crisis, slower global demand and continued supply-chain problems. Nov 27, 2024 · Is the global automotive industry experiencing an economic downturn? High inflation rates and raw material price increases recorded throughout 2022 and 2023 have challenged the industry, impacting In 2023, global vehicle sales grew almost 11% YoY. 1. , Toyota Motor Corporation and Volkswagen AG are the major companies operating in the market. Attribution. Start your engines and drive your decision-making to your destination with observations and insights from our global automotive industry experts on the market’s technology, production, product strategies, sales, and marketing. The global automotive industry is undergoing a tremendous amount of change at an unprecedented pace. This marked an increase of 3. 6%, respectively. 89 Bn in 2022 and is expected to reach USD 1789 Bn by 2030 and grow at a CAGR of 19. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. 28 million units sold in 2022. 1 billion by 2033, growing at a compound annual growth rate (CAGR) of about 2. 2% market share; Economic and Market Report: Global and EU auto industry – Full year 2024; New car registrations: -2. 18% of global car sales. Dec 20, 2024 · Despite the gloom, electric vehicles remain an important automotive growth sector, and S&P Global Mobility projects global sales for battery electric passenger vehicles to post 15. Mar 17, 2025 · AUTOMOTIVE MARKET REPORT OVERVIEW. Automotive News Staff Reporter John Irwin gives a breakdown of the early effects of President Donald Trump’s tariffs on the auto industry. 5 and 3, representing a significant evolution in automotive technology and enhancing vehicle automation and safety. 28 million units in 2022. Mar 8, 2024 · New car registrations: -3% in February 2025 year-to-date; battery-electric 15. 1 million units for 2025, up by 30% compared to 2024 levels, accounting for an estimated 16. 9% and new The Global Passenger Cars Market is expected to reach USD 2659. 7% of global light vehicle sales. 57 million units, a slight increase of 3. Jan 13, 2025 · 2025 will also see the automotive industry moving from Level 2 autonomy to Levels 2. An industry veteran says the UK needs to follow the US and EU in helping with the shift to electric cars. Our recent webinar, " Impact of Chinese Imports on Western Markets and Retail Networks," provided a comprehensive overview of current trends, historical data, and future projections in the automotive industry. Sep 10, 2024 · In today's dynamic automotive market, understanding global and regional demand is crucial. At the center of this change sits a consumer with rapidly evolving expectations of the mobility experience. Jan 18, 2023 · The automotive industry serves as a barometer for the health of the manufacturing sector, in large part due to its reliance on complex global supply chains. Ltd. This progress will likely continue. 3 Global car sales increased to nearly 90 million units in 2023, up from 81 million in 2022 and the highest level seen since Expert industry market research on the Global Car & Automobile Manufacturing (2015-2030). The "Big Three" U. Some estimates surpass 180,000 L (39,000 imp gal) of water per car manufactured, depending on whether tyre production is included. Ford Motor Company, General Motors Company, Nissan Motor Co. 4% from the previous year, because of travel restriction measures and an overall decline in economic activity due to the COVID-19 pandemic. Passenger cars experienced a more significant drop in production than commercial vehicles, with decreases of 16. Nov 25, 2022 · Global Car industry. 57 million units, which accounted for about 11. Oct 11, 2024 · What are the top-selling car manufacturers globally? Toyota remained the largest automaker globally in 2023, selling over 8. 5 million units. EU’s car production fell by 6. Global automotive outlook 2025 includes analyses the key trends to impact the global automotive industry in 2025, the trends include electrification to slow down, hybrid sales to boost, online car sales in demand, battery second life, circular economy, ADAS level transition to Level 3 & 4, first gen SDVs and others. 6% in January 2025; battery-electric 15% market share; ACEA response to the public consultation on the future of the automotive industry; Fact sheet Oct 4, 2024 · The global automotive industry is navigating a complex landscape characterized by both challenges and opportunities. To better gauge the automotive industry outlook in 2024 and beyond, ABI Research recently published its Vehicle Shipments and Mobility Services Market Data Overview: 3Q 2024 presentation. Automotive - global merger and acquisition deal Oct 17, 2024 · Automakers have curbed recent supply chain challenges while, at the same time, consumer confidence is returning. The global automotive market size was valued at approximately USD 2203. Mar 14, 2025 · Global car sales fluctuated over the past years amid disruptions in the industry. 47% from the 8. 09 billion in 2025 and grow at a CAGR of 9. As we move through 2024, several key trends are shaping the industry: As we move through 2024, several key trends are shaping the industry:. . 79% from 2025 to 2033. Mar 13, 2025 · With a strong recovery in the final quarter of 2024, Chinese car sales reached nearly 23 million units, accounting for 31% of global car sales. In 2023, Toyota sold 8. 9% and 11. Oct 11, 2024 · Which car manufacturer sold the most vehicles each year? Toyota consistently led global sales from 2019 to 2023, maintaining its position as the top automaker. Plus, Executive Editor Jamie Butters and Daily Drive 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. The global automotive industry is a major consumer of water. Global car sales were flat in 2022 compared to 2021 at around 81 million units. 3tr in 2023. In 2024, global car manufacturing totalled 75. 2%, as industry confidence remained notably weaker than in other European manufacturing Jan 31, 2024 · Automotive “infotainment” has become a dominant theme. 1 As supply chain issues eased, especially related to computer chips, auto production returned to normal levels globally and inventories were restocked across many regions. 78 billion by 2029. This article is an excerpt from a recent report titled Plunkett's Automobile Industry Almanac 2024, which covers competitive intelligence, market research and business analysis—everything you need to know about the global auto industry. 2 China, the largest market in the world, and India were the only major markets to grow in 2022. Warning UK car industry under threat without help. Trends affecting the global mobility ecosystem . 79 billion in 2024 and is expected to reach USD 2823. The industry is going to have to refocus on new growth areas, while areas of activity – like combustion engine parts and maintenance – will rapidly fall away. Car production. Some commentators argue that the automotive industry is in decline; however, we contend that growth is actually accelerating, stemming from new revenue streams, including shared mobility and data connectivity services as well as continuing global macroeconomic growth in emerging economies. 25% over the period of 2023-2030. With the recent rise of environmental, social, and governance (ESG) initiatives, new pressures are being placed on auto makers to monitor and self-audit. automakers, General Motors, Ford, and Chrysler (now called Stellantis), contribute significantly to the gross domestic product of many countries worldwide and are joined by other automakers headquartered outside the United States like Toyota, Volkswagen, and Hyundai. This marks the third consecutive Jun 19, 2024 · “The global automotive industry is undergoing a paradigm shift, with value moving away from manufacturing and transactional sales to the complete vehicle lifecycle. Jan 1, 2005 · What was the market size of the Global Car & Automobile Sales in 2023? The market size of the Global Car & Automobile Sales was $4. plwa seyxwwg ith siljzaqn iljno isx byxnow vnsnnzu fasiuw vsmkj iaivm ptiddkc aam zkhvpuq lfcomy