In 2024, China remains the dominant player with a 32.54% share in global vehicle production, despite a slight decline in its year-on-year growth (-1.01%). The United States and Japan trail, with shares of 11.44% and 9.79%, respectively. Among notable changes, Brazil and Russia show positive growth of 1.51%, while Thailand and Iran significantly increased by 3.28% and 3.43%. Conversely, United Kingdom and Italy faced notable declines of -2.81% and -4.69%, respectively. Over the past five years, countries like Kazakhstan and Ukraine have demonstrated remarkable growth with double-digit annual rates.
Looking to the future, watch for the rise of production in developing regions, potential disruptions in established markets, and technological advancements driving shifts in global vehicle production share. Environmentally sustainable practices and the increasing adoption of electric vehicles could redefine traditional automotive strongholds.
Top countries in Vehicles Production Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 32.54 | 2023 | +0.67% | -1.01% | View data |
| 2 | 2 United States | 11.44 | 2023 | +3.31% | -1% | View data |
| 3 | 3 Japan | 9.79 | 2023 | +4.14% | +0.25% | View data |
| 4 | 4 Germany | 6.11 | 2023 | -0.85% | -0.2% | View data |
| 5 | 5 India | 5.49 | 2023 | +8.01% | -1.63% | View data |
| 6 | 6 South Korea | 4.32 | 2023 | -0.75% | -1.07% | View data |
| 7 | 7 Mexico | 3.92 | 2023 | +7.25% | +0.92% | View data |
| 8 | 8 Brazil | 2.81 | 2023 | +9.53% | +1.51% | View data |
| 9 | 9 Spain | 2.62 | 2023 | +4.47% | +0.17% | View data |
| 10 | 10 France | 2.59 | 2023 | -0.56% | -0.96% | View data |
