Global Automobile Industry Production and Consumption Market Report - Edition 2023

Report Code: MK20564 | Pages: 104
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Overview

Executive Summary
The automotive industry stands as one of the largest global sectors, making substantial contributions to GDP, employment, and trade across numerous nations. Its intricate value chain encompasses vehicle manufacturers, suppliers, distributors, dealerships, and post-sales services.

Prominent automakers hailing from diverse nations, including the United States, Japan, Germany, South Korea, and China, exert their dominance within the industry. Notable automotive hubs are distributed across North America, Europe, and Asia, each showcasing distinctive strengths.

The trajectory of vehicle sales has maintained a consistent upward trend, culminating in a global total of 85.5 million shipments by the end of 2022. In the same year, the worldwide production of motor vehicles reached 85.4 million, signifying a remarkable 5.7% surge compared to 2021 figures.|

Key Nations Participating in Trade
Leading exporting nations, such as Germany, Japan, the United States, and South Korea, exemplify their robust automotive industries through their active engagement in the global market. Conversely, major importers, including the United States, Germany, China, and the United Kingdom, fulfil their domestic demand with imported vehicles and components.

Germany is renowned for its strong automotive industry, home to manufacturers like Volkswagen, BMW, Mercedes-Benz, and Audi. It is one of the world's largest automotive exporters, producing a range of vehicles from luxury cars to commercial vehicles and components.

On the opposite end of the spectrum, the United States emerges as a substantial importer, capitalizing on its vibrant automotive market to accommodate a varied consumer base. Although the nation boasts a robust domestic automotive sector, it supplements this strength by importing vehicles and components.

The global automotive landscape is also characterized by the dynamic interplay between major producers and consumers. China's ascent as a significant player in both production and consumption underscores its pivotal role in shaping the industry. Similarly, countries like the United States, Japan, Germany, and South Korea wield substantial influence in the realms of production and consumption. The industry's trajectory remains positive, guided by technological breakthroughs, evolving consumer preferences, and the intricate dynamics of the global market.

Key Developments

  • The electric car market is experiencing exponential growth, with sales surpassing 10 million in 2022. The percentage of electric vehicles in overall sales has increased significantly from 4% in 2020 to 14% in 2022, representing a more than quadrupled growth within just three years. The upward trend in global EV sales continued in 2023, driven by a growing focus on decarburization in advanced economies and supported by various regulations and incentives.
  • In the realm of electric vehicles (EVs), China has emerged as a frontrunner despite navigating challenges such as real estate crises, COVID-19 outbreaks, and lockdowns. Impressively, China's New Energy Vehicle (NEV) sales experienced an 82% year-on-year surge in 2022, solidifying its position as a leader in the EV market.
  • The global supply chain issues, particularly the chip shortage, have dramatically increased car prices in 2022, impacting production in the auto industry. Although semiconductor supply is expected to improve in 2023, new car prices may remain elevated due to inflationary input costs.
  • In May 2023, global semiconductor industry sales reached USD 40.7 billion, showing a 1.7% increase compared to the previous month's total of USD 40 billion. However, it was a significant decline of 21.1% compared to May 2022's total of USD51.7 billion.

Growth Prospects of Global Automobile Industry
The global automotive industry is undergoing a transformative phase driven by technological advancements, regulatory changes, and evolving consumer preferences. The convergence of electric powertrains, autonomous capabilities, and connected services will reshape the industry's landscape in the coming years. Sustainability, innovation, and adaptability will be key for companies aiming to thrive in this rapidly changing environment.

Projections indicate that sales of passenger vehicles will increase by up to 7.5% in 2023 compared to the record-high levels seen in 2022. Despite the uncertain financial environment, the automotive sector is expected to continue expanding in the coming years. Global auto sales are anticipated to reach 69 million in 2023, with growth driven by increased market penetration in emerging economies, a rise in electric vehicle usage, and China's economic reopening following the removal of COVID-19 restrictions.

Makreo research has published study on “Global Automobile Industry Production and Consumption Market Report : Edition 2023”. Market assessment has been carried out using qualitative and quantitative methods and have combined the production and consumption scenario. The market has witnessed many shifts in recent past after the COVID-19 outburst & Russia & Ukraine war. The report also covers major automobile exporting and importing countries. Future outlook has been assessed keeping various influencing factors into consideration and also to assess the expected opportunities in the market.

Market assessment has been carried out on the basis of

  • Major Automotive Exporting Countries
  • Major Automotive Importing Countries
  • Major Automotive Consuming Countries
  • Major Automotive-Producing Countries

Key Question Answered

  1. How is the global economy performing?
  2. What is the impact of Russia-Ukraine war on Automobile Industry?
  3. How global automobile industry has performed in the past and what is the expected future growth prospects?
  4. How the Electric Vehicle Industry is performing and which country is driving majority of the demand?
  5. What is the production and consumption scenario of Global Automotive Industry market?
  6. Who are the major importers of Automotive and how these countries are positioned in the Global Automotive market?
  7. Who are the major exporter of Automotive and how these countries are positioned in the Global Automotive market?
  8. Who are the major producers of Automobile and what is the production scenario?
  9. Who are the major consumers of Automobile and what is the consumption scenario?
  10. What is the expected future of the Global Automotive Industry?

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Table of Contents

  1. Report Synopsis
  2. Industry At a Glance
  3. 1.Research Methodology
    1. 1.1.Objective of the Study
    2. 1.2.Research Process
  4. 2.Global Automobile Industry- Macro Economic Factors
    1. 2.1.Green Revolution in Automobile
    2. 2.2.Global GDP Performance
    3. 2.3.Population of the World
    4. 2.4.Global Inflation
      1. 2.4.1.Inflationary Impact on the Automobile Industry
    5. 2.5.Semiconductor Supply Shortage Towards Recovery
    6. 2.6.Impact of the Russia-Ukraine War
  5. 3.Global Automobile Industry – Trade Performance
    1. 3.1.Major Exporting Countries: Germany
    2. 3.2.Major Exporting Countries: Japan
    3. 3.3.Major Exporting Countries: United States
    4. 3.4.Major Exporting Countries: South Korea
    5. 3.5.Major Exporting Countries: Mexico
    6. 3.6.Major Importing Countries: United States
    7. 3.7.Major Importing Countries: Germany
    8. 3.8.Major Importing Countries: China
    9. 3.9.Major Importing Countries: United Kingdom
  6. 4.Global Automobile Industry – Production & Consumption Statistics
    1. 4.1.Global Automobile Industry – Performance Overview
      1. 4.1.1.Global Automobile Industry- Production & New Vehicle Registration
      2. 4.1.2.World Motor Vehicle Production by Country/ Region
  7. 5.Global Automobile Production – By Type of Vehicle
    1. 5.1.World Motor Vehicle Production: by Type of Vehicle (Passenger Car)
    2. 5.2.World Motor Vehicle Production: by Type of Vehicle (Light Commercial Vehicle)
    3. 5.3.World Motor Vehicle Production: by Type of Vehicle (Heavy Commercial Vehicle)
  8. 6.Global Electric Vehicle Sales Performance
    1. 6.1.Global Automobile Industry : Electric Vehicle Performance Overview
      1. 6.1.1.Global Electric Vehicle Sales : by EV Type (BEV & PHEV)
  9. 7.Global Major Motor Vehicle Producing Countries
    1. 7.1.Major Motor Vehicle Producing Countries
      1. 7.1.1.China Motor Vehicle Production Performance
        1. 7.1.1.1.China Motor Vehicle Production Volume : Month on Month
        2. 7.1.1.2.China Vehicle Production by Type of Vehicle (Passenger & Commercial Vehicle)
        3. 7.1.1.3.China Motor Vehicle Production by Type of Electric Vehicle
      2. 7.1.2.United States Motor Vehicle Production Performance
        1. 7.1.2.1.United States Motor Vehicle Production Volume
        2. 7.1.2.2.United States Motor Vehicle Production : by Type (Passenger & Commercial Vehicle)
      3. 7.1.3.Japan Motor Vehicle Production Performance
        1. 7.1.3.1.Japan Motor Vehicle Production Volume
        2. 7.1.3.2.Japan Motor Vehicle Production : by Type of Vehicle (Passenger & Commercial Vehicle)
      4. 7.1.4.India Motor Vehicle Production Performance
        1. 7.1.4.1.India Motor Vehicle Production Volume
        2. 7.1.4.2.India Motor Vehicle Production by Type of Vehicle
      5. 7.1.5.South Korea Motor Vehicle Production Performance
        1. 7.1.5.1.South Korea Motor Vehicle Production by Type of Vehicle (Commercial & Passenger)
        2. 7.1.5.2.South Korea Motor Vehicle Production by Type of Electric Vehicle
  10. 8.Global Motor Vehicle Consumption: Major Vehicle Consuming Countries
    1. 8.1.Global Automobile Industry – Highest Vehicle Sales Countries
      1. 8.1.1.China Motor Vehicle Consumption Performance
        1. 8.1.1.1.China Motor Vehicle Sales Volume
        2. 8.1.1.2.China Motor Vehicle Sales : by Type of Vehicle (Passenger & Commercial Vehicle)
        3. 8.1.1.3.China Electric Vehicle Sales : by Type of Vehicle
      2. 8.1.2.United States Motor Vehicle Consumption Performance
        1. 8.1.2.1.United States Motor Vehicle Sales Volume
        2. 8.1.2.2.United States Motor vehicle Sales by Type of Vehicle (Passenger & Commercial Vehicle)
        3. 8.1.2.3.United States Electric Vehicle Sales by Type of Vehicle (Passenger & Commercial Vehicle)
      3. 8.1.3.Japan Motor Vehicle Consumption Performance
        1. 8.1.3.1.Japan Motor Vehicle Sales Volume
        2. 8.1.3.2.Japan Motor Vehicle Sales : by Type (Passenger & Commercial Vehicle)
      4. 8.1.4.India Motor Vehicle Sales : by Type (Passenger & Commercial Vehicle)
        1. 8.1.4.1.Indian Electric Vehicle Consumption Performance
        2. 8.1.4.2.Indian Motor Vehicle Sales : by Technology of Electric Vehicle (BEV & HEV)
        3. 8.1.4.3.Indian Motor Vehicle Sales : by Type of Electric Vehicle (2W, 3W, Buses, Others)
  11. 9.Analyst Recommendation for Future Growth
    1. 9.1.Global Motor Vehicle Demand Outlook
  12. List of Figures & Tables
  13. Global Real GDP growth (annual % Change), 2018-2024
  14. Total World Population, 2011-2021
  15. Global Inflation Rate, Average Consumer Price (Annual % Change), 2018-2024
  16. Inflation in Automobile (%), Apr-22-Apr23
  17. Semiconductor Month on Month Sale Growth, May ‘23 vs May ’22
  18. Most Impacted Sectors After Russian-Ukraine War Crisis
  19. Germany M-o-M Motor Vehicle Export, May/22-Apr/23
  20. Germany Major Exporting Countries Export Value, 2021
  21. Germany Major Exporting Countries Share, 2021
  22. Japan Export Volume of Passenger Car, 2018-2022
  23. Japan Export Value of Passenger Car, 2018-2022
  24. Japan Major Exporting Countries Export Value, Jun 2023
  25. Japan Major Exporting Countries Share, Jun 2023
  26. United States M-o-M Vehicle Export, Jun/22- May/23
  27. United States Major Exporting Countries Export Value, May 2023
  28. United States Major Exporting Countries Share, May 2023
  29. South Korea Export Volume of Automobiles by Type, 2017-2022
  30. South Korea Export Volume of Automobiles by Region
  31. Mexico Vehicle Export, Jan/23-Jun/23
  32. United States Total Import Value, 2018-2022
  33. United States Major Importing Countries Import Value, 2022
  34. United States Major Importing Countries Share, 2022
  35. Germany Vehicle Import Value, 2018-2022
  36. Germany Major Importing Countries Import Value , May 2023
  37. Germany Major Importing Countries Share, May 2023
  38. China Automobile Import Value , May/22-Apr/23
  39. China Major Importing Countries Import Value , 2022
  40. China Major Importing Countries Share, 2022
  41. United Kingdom Import Value, 2018-2022
  42. United Kingdom Major Importing Countries Import Value , Apr 2023
  43. United Kingdom Major Importing Countries Share, Apr 2023
  44. World Vehicle Production, 2021 & 2022
  45. Global New Vehicle Registration by Region, (%), 2022
  46. World Motor Vehicle Production Volume by Country/ Region, 2019-2022
  47. Region wise Passengers Car Production Volume, 2019-2022
  48. Region wise Light Commercial Vehicle Production, 2019-2022
  49. Region wise Heavy Commercial Vehicle Production, 2019-2022
  50. Global Electric Car Sales Volume, 2016-2023
  51. Global BEV+PHEV Sales, 2021 Vs. 2022
  52. Top 10 Motor Vehicle Producing Countries by Production Volume, 2022
  53. China Motor Vehicle M-o-M Production Volume, Jan/21-Jun/23
  54. China M-o-M Vehicle Production by Type of Vehicle, Jan/23-Jun/23
  55. China M-o-M Electric Vehicle Production Volume, Jan/23-Jun/23
  56. United States Motor Vehicle Production Volume Month on Month, Jan/22-Jun/23
  57. United States Passenger Vehicle Production, 2018-2021
  58. United States Commercial Vehicle Production, 2018-2021
  59. Japan Automotive M-o-M Production Volume, Jan/21-Jun/23
  60. Japan Passenger Vehicle Production Volume, 2019-2022
  61. Japan Light Commercial Vehicle Production Volume, 2019-2022
  62. Japan Heavy Commercial Trucks Production Volume, 2019-2022
  63. India Motor Vehicle Production Volume MoM, Jan/21-Jun/23
  64. India Production Volume by Type of Vehicle, 2017/18- 2022/23
  65. South Korea Motor Vehicle Production Volume, M-o-M, Jan/21-Jun/23
  66. South Korea Production Volume by Type of Vehicle, 2018 – 2022
  67. South Korea Electric Vehicle Production Volume, 2022
  68. Top 10 Motor Vehicle Consuming Countries by Consumption/Sales Volume, Apr 2023
  69. China Motor Vehicle Sales Volume Month on Month, Jan/21-Dec/22
  70. China Motor Vehicle Sales Volume by Type of Vehicle (Month on Month), Jan/23-Jun/23
  71. China Electric Vehicle Sales Volume (Month on Month), Jan/23-Jun/23
  72. United States Motor Vehicle Sales Volume (Month on Month), Jan/21-Jun/23
  73. United States Motor Vehicle Sales Volume (Month on Month), Jan/21-Jun/23
  74. United States EV Sales, Q1 2023 Vs. Q1 2022 & Q1 2021
  75. United States EV Sales, Q1 2023 Vs. Q1 2022 & Q1 2021 (% Change)
  76. Japan Motor Vehicle Sales Volume (Month on Month) , Jan/21-Jun/23
  77. Japan Vehicle Sales by Type of Vehicle, 2021-2022
  78. India Vehicle Sales by Type of Vehicle, Jun2022 Vs. Jun 2023
  79. India Vehicle Sales by Type of Vehicle, Apr to Jun2022 – Apr to Jun 2023
  80. India Electric Vehicle Quarterly Sales Volume by Type, Q1/2021-Q1/2023
  81. India Electric Vehicle Quarterly Sales, H1 2023

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