China leads global vehicle production with 26.082 million units, followed by the United States at 9.1672 million units and Japan at 7.847 million units. Despite a critical market share, China and the United States saw a slight decline of 1.01% and 1.0% respectively, year-on-year. Brazil and Russia witnessed a notable growth with Brazil up by 1.51% and Russia also by 1.51%, while major European countries like Germany and Italy faced slight declines. Other notable growths include Thailand with a jump of 3.28% and Iran with 3.43%. Eastern European countries like Slovakia and Czech Republic saw growths of 3.31% and 2.26% respectively, highlighting a shift in production dynamics.
Future trends to watch for include increased electric vehicle (EV) production, driven by supportive policies and growing environmental awareness. Additionally, shifting supply chains and trade dynamics will likely impact vehicle production distribution globally. Watch out for emerging markets like Vietnam and Kazakhstan, which have shown strong growth in recent stats. Enhanced technological integration and sustainability measures across production processes will shape the competitive landscape in the coming years.
Top countries in Vehicles Production by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 26,082,000 | 2023 | +0.67% | -1.01% | View data |
| 2 | 2 United States | 9,167,200 | 2023 | +3.31% | -1% | View data |
| 3 | 3 Japan | 7,847,000 | 2023 | +4.14% | +0.25% | View data |
| 4 | 4 Germany | 4,898,100 | 2023 | -0.85% | -0.2% | View data |
| 5 | 5 India | 4,399,100 | 2023 | +8.01% | -1.63% | View data |
| 6 | 6 South Korea | 3,462,400 | 2023 | -0.75% | -1.07% | View data |
| 7 | 7 Mexico | 3,145,700 | 2023 | +7.25% | +0.92% | View data |
| 8 | 8 Brazil | 2,248,300 | 2023 | +9.53% | +1.51% | View data |
| 9 | 9 Spain | 2,098,100 | 2023 | +4.47% | +0.17% | View data |
| 10 | 10 France | 2,077,900 | 2023 | -0.56% | -0.96% | View data |