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 2027Global 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...)
