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Light Vehicle Market Outlook 2022 - 2026

Daily Updated Industry Statistics and Top Emerging Trends about the Light Vehicle Industry

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.

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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?

Forecast: World Passenger Cars Registrations
Forecast: World Passenger Cars Production
Forecast: Passenger Cars Registrations in Martinique
Forecast: Passenger Cars Registrations in Switzerland
Forecast: Passenger Cars Registrations in Iceland
More in Light Vehicle Industry for 2028

Global Light Vehicle Statistics

Global Light Vehicle Industry Database