Global Automotive Trends in 2022
Automotive is part of Heavy Industry and includes a number of sub-sectors such as Auto Insurance and Motor Vehicle. You may also be interested in Manufacturing, Electronics and Chemical.
Global vehicle registrations are expected to reach nearly 96 million in 2026, from nearly 91 million in 2021, growing at an average annual rate of 0.7%. Since 2010, the global market has decreased by 0.7% each year. Global vehicle production is projected to reach over 104 million units in 2026, compared with 96 million in 2021, at a compound annual growth rate of 1.1%. Since 2003, global production has increased by 0.4% each year. China is the world leader in vehicle production, with 30 million units in 2021. The United States, Japan, and India are the next three biggest producers. Finland saw a 20.9% increase in production year-on-year, while Ukraine's production decreased by 33.4% since 2003.
Top 10 countries
In 2022 major markets in the Automotive Industry were:
Automotive Market Data and Forecasts
How big is the Automotive industry in 2022
More in Automotive Industry in major countriesHow much the Automotive industry is expected to grow to 2026?
More in Automotive Industry for 2027What are the world's biggest Automotive markets?
More in Automotive MarketGlobal Automotive Statistics
- Number Of Employees 206 countries (Europe, Northern Europe, Southern Europe...)
- Enterprise Survival Rate 48 countries (Europe, Northern Europe, Eastern Europe...)
- Vehicle Import 192 countries (Africa, Asia, Sub-Saharan Africa...)
- Vehicle Export 187 countries (Asia, Africa, Latin America...)
- Employment Rate 231 countries (Europe, Northern Europe, Southern Europe...)
- Business Birth 53 countries (Europe, Northern Europe, Western Europe...)
- Trade Balance 225 countries (Asia, Europe, Africa...)
- Number Of Enterprises 67 countries (Europe, Northern Europe, Southern Europe...)
- Tire Import 192 countries (Africa, Asia, Sub-Saharan Africa...)
- Truck Import 191 countries (Africa, Sub-Saharan Africa, Asia...)
Global Automotive Industry Database
Improve your Knowledge with the latest Indicators and Trends
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Automotive Financing: Unveiling Trends and Opportunities in Leasing and Loan Markets
Automotive funding, a crucial sector of the automotive industry, is witnessing a paradigm shift in its operating model driven by changes in customer preferences and technological advancements. Strong growth in new vehicle sales and rising used car prices are fuelling growth in this sector. The primary role of auto leasing...
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Automotive Industry: Comprehensive Insights into New Car Dealers and Vehicle Parts Retailing
The new car dealership segment in the automotive industry continues to demonstrate a growth trajectory. This can be attributed to factors such as a rise in consumer demand driven by an improved economic outlook, low-interest rates, and an expansion in car ownership in emerging markets. Digitalization has redefined traditional sales...
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Auto Repair and Body Shops: Navigating Future Challenges and Opportunities
The vehicle repair industry is poised for significant shifts driven by emergent technologies. Innovations in automotive design, such as electric and autonomous vehicles, are demanding new skills from mechanics and body repair professionals. In conjunction, technologies to streamline shop operations, like digital diagnostics and advanced management software, are increasingly integral...
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Vehicle Rental and Repair: An In-depth Exploration of Industry Dynamics
The vehicle rental and repair industry has made significant strides over the past years, prompted by technological advancements, changing consumer behaviours and evolving business models. The industry is a key pillar to transportation needs in various geographical regions, fulfilling short-term mobility needs. Economy dynamics, especially urbanization and tourism activities, chiefly...
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Insights into the Evolving Caravan, Trailer, and Motor Vehicle Body Manufacturing Sector
Substantial technological advancements and a rising regard for recreational activities are driving the development in the motor vehicle body, caravan and trailer manufacturing sector. Increasingly, consumers opt for these vehicles as a lifestyle choice, valuing their ability to provide comfort, freedom, and connectivity on the road. The growth of this...
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