The comprehensive and rapid reorganisation of the automotive sector after 2025 will have far-reaching consequences for the entire industry and its value chains. The Global Automotive Industry addresses this need and is a first port of call for any academic, official or consultant wanting an overview of the state of the industry. Light Vehicle & Supply Chain Disruptions. Chicago Manual of Style. Code Copied! 234 comprehensive market analysis studies and industry reports on the Automotive sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. Companies like Toyota, Honda, and Nissan are industry leaders not only domestically, but also globally. Automotive Industry in Malaysia - Statistics & Facts. automotive industry experienced a consistent sales growth rate of almost 5% per year. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. The automotive industry will face another subdued year in 2024, weighed down by slow consumer spending, high interest rates and disruption to supply chains due to geopolitical tensions. May 9, 2024 · Automotive Industry Insights—Spring 2024. Although the automotive industry is a vigorous sponsor of research and development—worldwide, nearly $20 billion U. With 2024 underway, new vehicle inventories are stabilizing and pent-up demand is fading as the automotive industry returns to normal. 30, 2024. The automotive industry in Germany is one of the largest employers in the world, with a labor force of over 857,336 (2016) working in the industry . This introduction provides an overview of the concepts discussed in this book, which attempts to capture continuity and change in the global automotive industry. The global automotive aftermarket industry size was estimated at USD 448. (12 May 2021) In 2020, worldwide motor vehicle production fell sharply, dropping 15. Aug 31, 2023 · The European automotive industry has been an engine powering prosperity and growth, employment, and innovation and has contributed to Europe’s image and perception on the global stage (Exhibit 1). Economists, industry specialists and national governments have considered the rapid development of the automotive industry in ECE in the past twenty years an unqualified success. 7% from 2023 to 2030. 7 billion, which was 9. Industry Highlights. These forecasts are based on the latest data and in-depth analysis of industry trends, available via EIU Viewpoint . The industry started recovering from the sharp market decline which occurred The automotive industry includes industries associated with the production, wholesaling, retailing, and maintenance of motor vehicles. We examine performance by segment and the challenges and opportunities that automotive suppliers must address to thrive—or even to remain Jan 30, 2024 · Executives are adjusting plans as they deal with economic headwinds, a web of federal mandates and the fallout of the United Auto Workers deal. The Global Automotive Market is a vibrant and multifaceted industry that encompasses the entire lifecycle of motor vehicles Automotive industry worldwide - Get the report with graphs and tables on statista. Jan 1, 2016 · The industry is transforming from competition among peers toward new competitive interactions, but also partnerships and open, scalable ecosystems. 77% in 1992–1993 to around 7. Automotive outlook 2024. This industry is not formally defined in the North American Industry Classification System (NAICS), but the Bureau of Labor Statistics is referring to a group of detailed industries as the "automotive industry" for purposes of analysis. 7 million motor vehicle sales in 2021. The Economist Intelligence Unit's automotive service offers analysis, data and forecasts Premium Statistic Brazil: automotive industry net revenue 2000-2021 Overview Basic Statistic Worldwide motor vehicle production 2000-2023 Streamline your research process with industry reports covering everything from established sectors to emerging markets across four continents. We are now at the beginning of an important As the second-largest automotive market in North America, Canada recorded over 1. 1 Overview. It contributes to a significant portion (3. 1 percent, while the figure for light commercial vehicles (LCV) topped this figure at 17. 4 The sector’s more Jul 10, 2023 · McKinsey Automotive & Mobility Spotlight webinar: A road map for Europe’s automotive industry. United States automotive industry analysis, data and forecasts from The EIU to support industry executives' decision-making. 24 billion in 2023 and is expected to grow at a CAGR of 3. The conversion from thermal engines to electromobility Expert industry market research on the Automotive Industry in Australia (2024-2029). Updated every year, the European Automobile Manufacturers’ Association (ACEA) publishes this Pocket Guide in order to provide a clear and comprehensive overview of one of Europe’s most strategic and innovative sectors: the auto industry. auto sales have increased by more than 66% since the 2009 financial crisis, from 10. In FY23, total automobile exports from India stood at 47,61,487. New vehicles must be sold in right-hand drive. Feb 4, 2021 · Automotive non-core assets in the spotlight. This represented a decline that was faster than the decline of the overall economy, which was hit by the Covid-19 Code Copied! 119 comprehensive market analysis studies and industry reports on the Automotive sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. May 26, 2022 · Global Automotive Industry Overview | Data and Analysis. U. The automotive industry makes a vital part of the world's economic sectors by revenue Automobiles, however, are not entirely included in the industry. turnover and £18. 1 billion; that's 19. 4 million in 2009 to 17. Mar 18, 2020 · German Automotive Industry Overview. But the industry’s engines never stopped running, and cars and trucks have Jan 27, 2021 · Top 10 Trends for 2021. An Overview of the Indian Automotive Industry. workers. Germany is acknowledged across the globe for its exceptional automotive industry and superiority in engineering. 1 Vehicle production is expected to decline slightly into 2024 due to a faster-than-expected inventory Mar 20, 2024 · The US leads the EV transition in North America. , in China, United States, Japan, Germany, India, Korea, France, and the United Kingdom). 6% between 2017 and 2022. The Chinese manufacturer Wuling launched its first car in early 2017 and made it in Effects on the automotive value chain. 5000+ Industries covered. 250k+ Hours of detailed analysis. May 28, 2021 · This industry is a very important part of the UK’s growth and economy. Overview. Automotive M&A and Market Trends. 20% during the forecast period (2024-2029). gov. 4 million vehicles, per annum in South Africa by 2035 which will substantially improve the country’s status and global vehicle production ranking. RefWorks features also facilitate manuscript preparation, allowing for automatic formatting of the paper and the bibliography. 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. This is the opposite of the traditional automotive business model where privately purchased, hardware-focused, human-driven The automotive industry in Malaysia consists of 27 vehicle producers and over 640 component manufacturers. In our sixth Automotive Supplier Study, we look at automotive supply chain trends and the road ahead by analyzing shareholder value performance data from nearly 300 of the top global automotive suppliers. M&A Database Highlights. The Analysis Of Automobile Industry In India Market size is estimated at USD 126. The industry and market overview provide benchmarks Read more. From Asia to the Americas, the German cars represent highly appreciated values of innovation, dependability, safety, and design. Sales plunged precipitously at the beginning of 2020, but the latter half of the year saw a strong uptick and the vigorous growth of the new-energy-vehicle (NEV) market. 4 billion in 2021. Nationwide, FCA US, Ford, and General Motors’s auto suppliers employ more than 871,000 U. Passenger cars dominate vehicle production in Thailand, with more than 637 thousand units of vehicles Jan 30, 2024 · Under the South African Automotive Masterplan (SAAM) 2021-2035, the objective is to produce 1% of global vehicle production, or 1. India’s automotive industry is among the major contributors to overall GDP, which stood at about 7% in FY 2020 and the same for manufacturing GDP was an impressive 49%. May 31, 2001 · The February 2001 year-on-year growth in car sales was 17. 4 trillion Indian rupees. 9% from 2024 to 2030. Despite an apparent ‘business-as-usual’ attitude permeating the automotive industry at the moment, in reality, it is subject to potentially radical change. In this concise 30-minutes webinar, we share ideas on how the European Automotive Industry can remain competitive in light of the massive ongoing transformations, by focusing on its strengths and accelerating existing efforts. 2%, light commercial vehicles 22. worth in 1997—governments throughout the world sponsor additional automotive R&D, both separately from and in partnership with the industry. State-of-the Mobility Research and Analysis | Observations and insights from our global automotive industry experts including: product strategy, technology, production, sales and marketing. From 2010 to 2019, the U. However, Japan and the USA are also among the major exporters. The automotive sector is one of Italy’s main industries and employs 268,300 workers. S. Sales of SUV’s accounted for 49. Martinez@trade. , Americas, Europe, Asia) and countries (e. EV investment across the region is gathering pace, but US demand and subsidies will be the biggest draw. Expert industry market research to help you make better business decisions, faster. The Moroccan automotive market studied was valued at USD 4 billion in 2021, and it is expected to reach a value of USD 5. [1] [2] [3] As of 2023, India is the in the world in terms of sales. This in-depth research offers a perspective on where the automotive industry is headed. The Brexit transition ended on January 1, 2021, making the industry grapple with new trade rules with The automobile industry in Japan is an essential pillar of Japan’s economy. 6 percent. Our guide to automotive in 2023 Sep 6, 2022 · 6 September 2022. Automotive-related manufacturing contributes £67 billion turnover and £14 billion value added to the UK economy, and typically invest around £3 billion Industry forecast to experience slower growth by 2027. [5] The exports in the automotive industry were $710. The Chinese automotive industry has seen significant developments and transformations over the years. * The FAME Scheme was extended for a further period of 2 years up to March 31st, 2024. This sector's share of the national GDP increased from 2. (Statista. 6% of the market, Passenger cars for 24. [4] As of April 2022, India 's auto industry is worth more than US$100 billion and accounts for 8% of the country's total exports and 7. The automotive industry contributes 4% or RM 40 billion to Malaysia Jun 21, 2012 · Overview of Automotive Industry. Our 2024 Global Automotive Consumer Study looks at four key consumer trends expected to shape the automotive industry in the year ahead. Germany has the highest exports in the automotive industry, worth $139. The only bright spot will be the electric vehicles market, with sales of fossil-fuel cars and commercial vehicles falling. 6% of the total exports. 4% from the previous year, because of travel restriction measures and an overall decline in economic activity due to the COVID-19 pandemic. • Speaker Bureau —book the experts behind the award-winning economic and political forecasts. —From publisher’s description. 1. ACEA Automobile Industry Pocket Guide 2022-2023. 3% of Italy’s manufacturing turnover and 5. In 2021, 1,049,831 new passenger cars, SUVs, and commercial vehicles were sold in the local market (up from 916,968 in 2020). 100k+ Subscriber community. The report also provides data for production, market size, imports, exports, industry’s costs, industry’s profitability and nu mber of companies. The only bright spot will be the electric vehicles market, with sales expected to soar by 21% as governments and consumers try to . 4 thousand units in 2022. 5218. Electronic Vehicle Trends. 5% expected through 2028. 1,2 The automotive industry had a slow start in the first half of 2022 as semiconductor shortages, persistent inflation, further COVID-19 lockdowns and Russia’s Aug 13, 2021 · The Chinese auto market has been rapidly evolving over the past decade, and the COVID-19 pandemic introduced even greater changes. Public Company Performance. * The Automotive Mission Plan 2016-26 is a mutual initiative by the Government of India and the Indian automotive industry to lay down the roadmap for the development of the industry. 1113 comprehensive market analysis studies and industry reports on the Automotive sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. Jan 22, 2024 · Overview of various citation management tools. 85 billion by 2029, growing at a CAGR of 8. The industry also does not include companies or Choose a region: Austria. Commercial Service —Mexico City. Latest available data (December 2022) show that in 2022, the automotive sector’s turnover was €92. India is expected to be the world's third-largest automotive market in terms of volume by 2026. According to statistics published in April 2018 by the European Automobile Manufacturers Association (ACEA), India is ranked fourth in the top ten global car Jun 28, 2021 · New York, June 28, 2021 (GLOBE NEWSWIRE) -- Automotive Industry Overview: According to a comprehensive research report by Market Research Future (MRFR), “ Automotive Market Research - By Vehicle Australia's automotive manufacturing operations rate among some of the best in the world, with many highly qualified personnel in the industry travelling globally to extend their careers in this sector. Globally, auto sales in 2024 are forecast to grow modestly compared to 2023. This includes a detailed market research of 5320 research companies, enriched with industry statistics, industry insights, and a thorough industry Nov 24, 2022 · The current global market for Automotive Manufacturing was valued at $2. July 2021. So as 2021 kicks-off on an optimistic note, here are the 10 top trends that I think will invigorate the automotive industry in the months ahead: Shift From Horsepower To Nov 4, 2023 · For further information on the automotive sector in Mexico, please contact: Monica Martinez. 83 million units. Due to the spread of COVID-19, the automotive market in Morocco witnessed a slump in growth due to lower Automotive Research. 5 percentage points between 2019 and 2020 for overall GDP The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. T. GLOBAL The automotive industry is global. It is based on many discussions and interviews with the top management of leading automotive original equipment manufacturers (OEMs) and an analysis of data from the top 17 (by sales) global OEMs, which comprise 80 percent of global sales. com! Overview 10 Premium Statistic Revenue - automobile manufacturing industry worldwide 2019-2023 Premium A December 2023 Automotive News article summarized these factors as follows: “Rising interest rates, often above 7%, and tightening credit have sidelined a portion of consumers, and that could hinder sales of the replenished dealership inventory that automakers spent most of 2023 building back. Looking back, 2021 will be viewed as a transformational year in which the ways that automobiles are—and will be—designed, manufactured, powered The automotive industry is important from an economic point of view. Learn about the challenges and opportunities facing the sector, such as electric mobility, emissions, and innovation. An economic powerhouse for the region, the automotive industry contributed about 10 percent of Europe’s exports in 2022. 1% of India's GDP. The briefing examines how automotive industry performs globally and in the largest countries in terms of automotive output. VIJAYARAGAVAN Assistant Professor PG and Research Department of Commerce Sri SRNM College Sattur Abstract The Automobile industry is very important driver of economic growth of India. 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. In EIU's February 2024 Global Outlook video, director of industry analysis, Ana Nicholls, and automotive analysts, Arushi Kotecha and Nishita Aggarwal, discuss demand trends for electric vehicles and supply-chain disruptions as a result of the China-US trade war. Commercial Specialist. An international team of specialist researchers, both from academia and business, review and analyse the key issues that make vehicle manufacturing still the world’s premier The automotive industry in mainland China has been the largest in the world measured by automobile unit production since 2008. Many contemporary vehicle types are produced in Australia and overseas using common body, electrical Nov 26, 2022 · Overview. Monica. The first automobile with a petrol engine was built in 1885 and soon the figure for total cars in the world will be touching a mark of 1000 million cars and light trucks. 6 billion value to be added by this industry to the UK’s economy. Elementary structures and attitudes will have to change fast in order to cope with the developments by 2030 and beyond. Use this to create personal citation databases by importing references from online databases. 2% of Italy’s GDP. Slower global economic growth, weaker consumer demand for new vehicles in the largest markets, and An Overview of Automobile Industry in India Dr. This includes a detailed market research of 5323 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis. Mar 21, 2024 · Toyota was the leading passenger vehicle brand in Indonesia with car sales over 331. 9 trillion in 2022, and it is currently growing at a CAGR of 3. Tel: +52 55 5080-2000, ext. More than £82 billion. 1% presently. Foreign direct investment is critical to propel growth and create May 9, 2024 · This book offers a critical analysis of recent developments in the automotive industry of East-Central Europe (ECE). Although the level of car sales was 6. 65%) of global GDP and is a strategic industry in many regions (e. This includes a detailed market research of 5320 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis. 4%, and heavy commercial vehicles 6. In 2023, the production capacity of automobiles in Thailand reached 1. 1% following several years of decline where the market dropped by 0. Being home to the modern car, the German automobile industry is regarded as one of the most competitive and innovative in the world, [1] and has the third-highest car production in the world, [2 The automotive industry in the United Kingdom has faced various challenges in 2021 and 2022. In 2021, the automotive industry was awash in change— driven by investment trends, new goals set by the Biden-Harris administration, and international electric vehicle–focused developments. The only bright spot will be the electric vehicles market, with sales expected to soar by 21% as governments and consumers try to Morocco Automotive Market Analysis. This is a best prospect industry sector for this country. Report Overview. 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. • Industry analysis —five-year forecasts, analysis of key themes and news analysis for six key industries in 60 major economies. Includes a market overview and trade data. [1] The Malaysian automotive industry is the third largest in Southeast Asia, and the 23rd largest in the world, with an annual production output of over 500,000 vehicles. Passenger cars experienced a more significant drop in production The Indian automotive industry is targeting to increase the export of vehicles by five times during 2016-26. It employs about 19 million people directly and indirectly. 21 comprehensive market analysis studies and industry reports on the Automotive sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. Jul 16, 2021 · The automotive industry pumped the brakes hard in the early months of the global COVID-19 pandemic. 08%. To succeed, automotive manufacturers, suppliers, and service providers need to form alliances or participate in ecosystems—for example, around infrastructure for autonomous and electrified vehicles. Industry market research KSA Automotive Industry Overview According to SPER Market Research, the KSA Automotive Industry is estimated to reach USD 14. The automotive industry is a vital part of the UK economy and integral to supporting the delivery of the agendas for levelling up, net zero, advancing global Britain, and the plan for growth. Get the latest data and insights on the global automotive industry, covering revenue, production, sales, R&D, and trends. Taking decisions that are soundly The automobile industry in China did not gain momentum until the beginning of the 1990s. Malaysia Automotive Research. Download the Full 2023 Annual Industry Report. With the recent rise of environmental, social, and governance (ESG) initiatives, new pressures are being placed on auto makers to monitor and self-audit. RefWorks. Aug 14, 2015 · Summary. The global automotive industry is forecast to recover from the supply shocks experienced over 2020-2022, but will experience slower growth over the period to 2027 compared to 2017-2022. There is a huge possibility to shake up the Saudi Arabian Kingdom's established and conservatively run automobile industry. This work focuses primarily on four areas: emissions, safety, fuels United Arab Emirates Automotive Research. 4%. 91 billion by 2032 with a CAGR of 2. Customer Logins Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Code Copied! 105 comprehensive market analysis studies and industry reports on the Automotive sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. The rapid growth of the domestic market has also further accelerated the automobile industry in China Multi-industry contribution analysis of the economic impact of automotive manufacturing, selling, repairing, renting, and additional maintenance modeled using IMPLAN economic analysis data software, 2021 data year; compiled by Alliance for Automotive Innovation with data provided by S&P Global Mobility, sales figures represent new vehicle registrations between January 1, 2022 - December 31, 2022. A radically different value chain is emerging in the automotive industry where mobility is purchased as a flexible service and vehicles are connected, autonomous and electric. Michael Brady Contributor. The automotive industry will remain vulnerable to global headwinds in 2023, including the energy crisis, slower global demand and continued supply-chain disruptions. Automakers’ investments are contributing to the revival of manufacturing in America. In 2023, global vehicle sales rose 10. com Global Outlook: demand trends and supply chain risks for electric vehicles. The market growth is majorly driven by the pursuit of automobile drivers to enhance their vehicle performance in terms of exhaust sound, speed, and The Automotive Industry consists of a broad range of organizations and companies with a critical objective of designing, developing, marketing, manufacturing, and selling of motor vehicles. 5 billion by 2027, registering a CAGR of about 6% during the forecast period. As of 2024, mainland China is also the world's largest automobile market both in terms of sales and ownership . With a sales volume of nearly 800,000 motor vehicles, the Malaysian automotive industry is the second largest among other ASEAN countries Mar 25, 2024 · Major players of India’s automotive industry In financial year 2022, the gross value added from the road transportation sector was the highest across India at around 4. Jan 26, 2022 · The automotive industry was awash in change in 2021, driven by investment trends, new goals set by the Biden-Harris administration, and international electric vehicle developments. 161 comprehensive market analysis studies and industry reports on the Automotive sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. There were 575 M&A transactions in the middle-market automotive industry in 2023, almost a 23% decrease from 2022. Despite a slowdown in growth, sales volumes in 2024 are expected to surpass 92 million units and reach the highest levels since 2018. 2021 Automotive Industry Data. 9% as supply chain issues eased worldwide. This includes a detailed market research of 5320 research companies, enriched with industry statistics, industry insights, and a thorough Automotive Aftermarket Industry Trends. 67 billion in 2024, and is expected to reach USD 187. This article presents a quick overview of what we mean with the Automative Industry and how it started and what is the scale of this industry Industry Highlights Overview 2 Globally, auto sales in 2023 are forecasted to grow modestly compared to 2022, but are expected to remain well below pre-pandemic levels. This includes a detailed market research of 5323 research companies, enriched with industry statistics, industry insights, and The Global Automotive Market achieved a valuation of USD 2,900 billion in 2022 and is poised for substantial growth in the projected timeframe, with a Compound Annual Growth Rate (CAGR) of 3. Though relatively small compared to the European automotive industry as a whole, Austria’s automobile industry is one of the most significant manufacturing industries Automotive outlook 2023. Feb 13, 2024 · Market Summary & Outlook. The Indian economy has been expanding with the rise in disposable income of middle-class consumers. 5 million in 2018. The impact of COVID-19 has been instrumental in forcing a decline of 0. This work Mobility in the eye of the storm. g. We examine consumers' vehicle purchase intent against a backdrop of challenges, ranging from pandemic-driven shortages to rising commodity prices. Published Jan. However, ever since the pandemic, the industry is grappling with unprecedented challenges, including global supply chain disruptions, labor issues, inflationary pressures, and changes in consumer behavior. Jan 18, 2023 · ESG jumpstarts a movement. Looking back, 2021 will be viewed as a transformational year for the ways in which automobiles were—and will be—designed, manufactured, powered, sold, and regulated. xi xg tl cm ek ln ms oe aq vg