Global Light Commercial Vehicles Production Share by Country (Units)

The United States leads global light commercial vehicle production with a commanding 39.73% share, experiencing a slight year-on-year decline of 0.29% in 2024. Mexico holds the second position with a 13.46% share, showing a robust 3.28% increase. China, at 10.2%, also saw growth albeit at a slower pace of 0.74%. Canada and Thailand follow with 6.98% and 5.62% respectively, with Thailand experiencing a notable drop of 2.42%. Japan and India have smaller shares at 3.52% and 3.07%, with Japan seeing a more significant decline of 3.28% compared to India's 1.29%.

On the European front, Spain and France account for less than 2% each, both experiencing declines of 4.89% and 5.04% respectively. Germany's share also dwindled to 0.97%. Emerging markets such as Iran and Morocco showed strong growth rates of 22.45% and 12.03% respectively, despite their smaller production shares. However, South Korea and Russia experienced sharp downturns of 9.34% and 7.35% respectively. The UK saw a modest increase of 3.22% in its production share, which still remains below 0.5%.

Future trends to watch include the rapid growth in emerging markets like Iran and Morocco, which could challenge more established players. Special attention should be given to the political and economic stability in these regions which could influence production capacities. The slight declines in traditionally strong markets such as the United States and Japan may also indicate shifts in global manufacturing preferences, potentially towards regions with lower production costs or newer technologies.