Global Light Vehicle Trends in 2022
Light Vehicle is part of Motor Vehicle and includes a number of sub-sectors such as Luxury Automobile and Light Truck. You may also be interested in Electric Vehicle, Motorcycle and Commercial Vehicle.
Global car registration is predicted to reach 67.2 million units by 2026, up 0.5% annually from 64.2 million in 2021. Since 2010, the demand for cars has decreased 1.6% annually. Global car sales are expected to reach $47.7 billion by 2026, a decrease of 0.4% from 2021's $48 billion. The market size has dropped 2.4% annually since 2017. Global car production is estimated to reach 62.4 million units by 2026, a 0.3% increase from 57.4 million in 2021. Since 2002, the supply of cars has decreased 4.6% annually. In 2021, China led the way with 20.4 million cars produced, followed by Japan, Germany, and South Korea. Belarus saw a 55.2% annual increase, while Algeria experienced a 34.7% decrease since 2002.
Top 10 countries
In 2022 major markets in the Light Vehicle Industry were:
Light Vehicle Market Data and Forecasts
How much the Light Vehicle industry is expected to grow to 2026?
More in Light Vehicle Industry for 2028Global Light Vehicle Statistics
- Car Registration 175 countries (Europe, Northern Europe, Western Europe...)
- Car In Use 172 countries (Europe, Southern Europe, Northern Europe...)
- Car Sales 65 countries (Europe, Northern Europe, Australasia...)
- Road Casualties 220 countries (Europe, Northern Europe, Western Europe...)
- Number Of Enterprises 67 countries (Europe, Northern Europe, Southern Europe...)
- Electric Vehicle Fleet 49 countries (Europe, Northern Europe, Western Europe...)
- Car Production 90 countries (Europe, Asia, East Asia...)
- Car Ownership 73 countries (Europe, Southern Europe, Northern Europe...)
- Road Freight Volume 69 countries (Europe, Northern Europe, Eastern Europe...)
- Number Of High Growth Enterprises 49 countries (Europe, Eastern Europe, Northern Europe...)
Global Light Vehicle Industry Database
Improve your Knowledge with the latest Indicators and Trends
-
Light Vehicle OE: Unraveling Comprehensive Forecasts Across Diverse Components
The light vehicle original equipment (OE) market is going through substantial changes. Key drivers include technological advancements, government regulations, and consumer preferences. Increasing focus on fuel efficiency and minimization of carbon dioxide emissions are pushing automakers to invest in developing advanced engines and hybrid systems. Technology innovations such as electric...
Discover more insights -
Automobile and Light Truck Segment: Sweeping Insights Across Manufacturing, Leasing, and Parts Industries
The landscape of manufacturing in the automotive sector continues to transform in response to shifting consumer preferences and evolving technology. This change is particularly notable in the production of cars and light trucks. High demand for more fuel-efficient and environmentally-friendly models has led to significant advancements in technologies such as...
Discover more insights -
Construction Machinery: Revealing the Compact Loaders Market's Impact, Trends and Opportunities
Initially a niche segment, the compact loaders market has undergone significant transformation in recent years. Acknowledging the profound impact of urbanisation and infrastructure development, original equipment manufacturers (OEMs) are increasingly considering compact loaders as essential machinery rather than as optional additional equipment. Increased building activities in confined spaces, coupled with...
Discover more insights -
Automotive Security Evolution: Probing Light Vehicle Access Innovations
The past decade has witnessed extraordinary advances in the realm of light vehicle safety and access. Systematic innovation, primarily driven by technological enhancement, is shifting the paradigm from conventional key-based methods to sophisticated digital solutions, accentuated by the burgeoning inclination towards connected vehicles. Biometric recognition, smartphone-enabled access, and keyless entry...
Discover more insights -
Automobile Industry Insights: Emerging Dynamics, Trends and Growth Opportunities Unveiled
Income growth coupled with rapid urbanization are primary forces driving the Ivory Coast automobile market, promoting the population's buying potential. Engagement with international makers hint at a substantial automobile inflow, stimulating new and used car markets equally. However, the tightening of import regulations acts as a restricting factor, aiming at...
Discover more insights