Global Light Vehicle Trends in 2024
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 projected to reach approximately 71.9 million units by 2028, up from about 68.8 million units in 2023, marking a modest average annual growth rate of 0.7%. Since 2010, global demand has seen a slight increase of 0.1% year on year. Australia leads the global car registration rankings in 2023 with around 48.3 million units. Following Australia, Indonesia, Austria, and Belgium occupy the second, third, and fourth spots respectively. Notably, Australia has experienced a significant year-on-year increase of 123.1%. In contrast, Saudi Arabia has seen a decline of 55.1% since 2010. Global car production is set to climb to nearly 74.7 million units by 2028, up from approximately 70.1 million units in 2023, reflecting an average annual growth rate of 1%. However, since 2002, global supply has decreased by 0.5% year on year. China remains the top producer in 2023 with about 16 million units. Japan, Germany, and India follow in the second, third, and fourth positions respectively. Kazakhstan has shown a substantial year-on-year increase of 32.3%, while Ukraine has experienced a significant decline of 50.5% in production since 2002.
Top 10 countries
In 2024 major markets in the Light Vehicle Industry were:
World Light Vehicle Market Data and Forecasts
How much the Light Vehicle industry is expected to grow to 2028?
World Light Vehicle Top Rankings
Global Light Vehicle Statistics
- Car Registration 174 countries (Europe, Northern Europe, Western Europe...)
- Car In Use 173 countries (Europe, Southern Europe, Northern Europe...)
- Car Sales 66 countries (Europe, Northern Europe, New Zealand...)
- Road Casualties 220 countries (Europe, Northern Europe, Southern Europe...)
- Number Of Enterprises 66 countries (Europe, Northern Europe, Southern Europe...)
- Electric Vehicle Fleet 53 countries (Europe, Northern Europe, Western Europe...)
- Car Production 90 countries (Europe, Asia, East Asia...)
- Vehicles In Operation 170 countries (Europe, Africa, Sub-Saharan Africa...)
- Car Ownership 75 countries (Europe, Southern Europe, Northern Europe...)
- Road Freight Volume 68 countries (Europe, Northern Europe, Eastern Europe...)
