84 Mind-Blowing Global Automobile Industry Statistics [NEW DATA]

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On this page, you’ll find:

Key Global Automobile Industry Statistics
General Automobile Industry Statistics
China Automobile Industry Statistics
U.S Automobile Industry Statistics
Europe Automobile Industry Statistics
Electric Vehicles Statistics
Volkswagen Car Sales Statistics
Toyota Sales Statistics
Automobile Industry Forecast
Conclusion

Let’s see the stats.

Key Global Automobile Industry Statistics

In 2020, China, Japan, and Germany were the world’s largest producers of automobiles and commercial vehicles.
Nearly 60% of respondents in a global survey expressed excitement about completely driverless vehicles.
Globally, one in every five new automobile sales is predicted to be battery-electric, and millions of additional self-driving vehicles will be added to the worldwide fleet.
The automotive manufacturing industry is comprised of companies that manufacture trucks, passenger cars, and motorbikes.
Europe’s production fell by an average of 21%, with decreases ranging from 11% to nearly 40% in its major producing countries.
China is one of the world’s largest automobile markets in terms of both sales and production.
Global automobile manufacturing is expected to surpass 100 million units in the near future, owing to rising population levels and rising affluence in emerging markets.
Road freight was one of the main commercial vehicle categories in the United States in 2018, accounting for around 64% of freight movements in the country in 2018.
China is currently the world’s largest market for electric vehicles and is anticipated to continue to be so for the next decade.
Toyota was named the automotive brand with the highest brand value in 2020.
Volkswagen is the world’s second-largest automaker, having lost the top rank to Toyota in 2020.

General Automobile Industry Statistics

Even before the coronavirus brought manufacturing to a halt, dealerships disappeared, and sales plummeted, the automobile industry was bracing for a difficult year. Now, things are going to get truly Darwinian: the sector is projected to reorganize in ways that will have a major effect on the 8 million people employed by automakers globally.

We’ve seen the first signs of this automotive future emerge over the last few months, with the biggest industry changes yet to come.

In this section, we’ll go into some truly fascinating global automobile industry statistics that you’re unlikely to have seen before.

The automotive manufacturing industry is comprised of companies that manufacture trucks, passenger cars, and motorbikes. (Market Research)
In 2020, global motor vehicle manufacturing declined substantially, by 15.4 percent, due to travel restrictions and a general reduction in economic activity caused by the COVID-19 pandemic. (Knoema)
Between 2015 and 2019, industry output volume climbed at a CAGR of 0.5 percent, reaching a total of 146.4 million units in 2019. (Market Research)
Following a catastrophic 2020, new passenger car sales are expected to improve by 15% in 2021, while commercial vehicle (CV) sales will climb by 16%. Despite this, only four countries—China, Turkey, Taiwan, and Ukraine—will see yearly sales recover to levels seen in 2019. (EIU)
Covid-19 will necessitate a fundamental rethinking of supply chains, manufacturing planning, and sales strategies among the vehicle manufacturers. In 2021, further dangers include the reintroduction of quarantines, an escalation of the US-China trade war, and Brexit. (EIU)
Asia-Pacific is the world’s largest region, accounting for over 55% of global industry value and over 69% of production volume. China accounts for about half of the Asia-Pacific manufacturing sector. Environmental concerns have slowed growth in this industry. (Market Research)
Global demand for new electric vehicles (EVs) is expected to grow from 2.5 million units in 2020 toBy 2030, electric and autonomous vehicles may become the norm. units in 2021, aided by government incentives, stricter pollution regulations, and new models. (EIU)
A typical car currently contains up to 1,400 chips,” said Stephen Dyer, Managing Director of AlixPartners in Shanghai. (Statista)
South America and Europe were particularly heavily impacted, with auto sales falling by around one-fourth year on year. (Statista)
Bosch was recognized as the world’s largest automotive supplier in 2019 with related revenue of over 47 billion US dollars in its fiscal year. (Statista)
Exports were also harmed by 2020 coronavirus limitations aimed at halting the virus’s spread. Motor vehicle exports virtually ceased in Eastern Europe, Latin America, and the Middle East, where annual vehicle export totals fell by more than 97% from their 2019 levels. Other regions saw exports fall by 40%–50%. (Knoema)
Toyota and Volkswagen are among the world’s most successful automakers in terms of vehicle sales and revenue. (Statista)
Africa was the most hit region, with production falling by over 35% year on year. (Statista)
In 2018, President Donald Trump negotiated a new NAFTA agreement, which modifies NAFTA in six areas, the most significant of which is auto manufacturing. Under the new agreement, automakers must manufacture at least 75% of their vehicles’ components in Canada, Mexico, or the United States—up from 62.5 percent under the previous accord. At least 30% of the car must be manufactured by workers earning at least $16 an hour, escalating to 40% in 2023. (The Balance)
Global automobile sales are predicted to reach slightly under 70 million vehicles in 2021, up from an estimated 63.8 million in 2020. (Statista)
In 2020, China, Japan, and Germany were the world’s largest producers of automobiles and commercial vehicles. (Statista)
Commercial vehicle sales will grow by 16% in 2021, following a 16% decline in 2020. (EIU)
Global motor vehicle manufacturing fell by more than 32% in the second quarter of 2020 and over 23% in the third quarter, the steepest decline since the 2008-09 financial crisis. (Statista)
The International Organization of Motor Vehicle Manufacturers’ newest figures showed a considerable reduction in production across all manufacturing regions, with the largest declines in Latin America (24.8 percent), Western Europe (24 percent), and North America (24 percent) (20.3 percent ). (Statista)
In 2019, the worldwide car manufacturing business generated total revenues of $1,604.5 billion, a 1% compound annual growth rate (CAGR) between 2015 and 2019. (Market Research)
Vehicle sales data for 2020 indicate a similar situation, with passenger car sales falling 15.9 percent year on year and commercial vehicle sales falling by a less disastrous 8.7 percent. Passenger car sales declined by more than 20% in various world regions, including Latin America (down 29.3 percent), the NAFTA region (down 28.9 percent), Africa (24.7 percent), and Western Europe (down 24.7 percent) (21.1 percent ). (Knoema)
In Europe, production declined by an average of 21%, with its major producing countries reporting declines ranging from 11% to over 40%. South America witnessed a more than 30% decline in output as Brazil felt the brunt of COVID, while Africa experienced a more than 35% decline in vehicle output. (Statista)

China Automobile Industry Statistics

China’s automotive industry has been rising at a rapid pace, and the country is assuming a greater position in the global automotive market.

COVID-19 imposed substantial costs on the Chinese car sector. The outbreak began in Hubei Province, which produces approximately 9% of the country’s automobiles. Wuhan, Hubei, as one of the core development cities of the country’s six major car industrial clusters, is home to not just several vehicle manufacturers, but also to over 500 automobile component manufacturers.

We’ll cover some interesting China Automobile Industry Statistics in this segment that you’re unlikely to have seen before.

China is one of the world’s largest automobile markets in terms of both sales and production. (Statista)
Shanghai General Motors produced slightly more than 1.6 million vehicles in 2019.
China’s car sales fell for the first time in 2018; the market collapsed in February 2020 but quickly recovered.
In 2020, Chinese motorists will buy approximately 20 million passenger automobiles and around 5 million commercial vehicles.
China is currently the world’s largest market for electric vehicles and is anticipated to continue to be so for the next decade. (Statista)
China was the world’s largest automobile market in terms of sales in 2019, with over 21 million vehicles sold.
China is poised to take the lead in developing driverless and battery-electric vehicles.
Between January and November 2020, Volkswagen and other German automakers have a 24 percent share of the Chinese market.
By 2040, China is expected to dominate the market, with predicted sales of 14.5 million autonomous vehicles.
Chinese and Hong Kong consumers purchase nearly ten times as many Volkswagen-badged vehicles as automobile customers in the United States. (Statista)
China is the world’s largest passenger car manufacturer, producing more than 21 million vehicles in 2020 and accounting for nearly one-third of global passenger vehicle production. India has recently emerged as a significant automotive market, climbing into the ranking of the world’s leading automobile markets.
China remained the world’s largest manufacturer of light vehicles in 2020. (Statista)
Asian manufacturers performed better than makers of automobiles in other parts of the world. Automotive output on the world’s largest continent declined approximately 10%, while the OICA reports that China’s rapid recovery resulted in a 2% decline in car production. Asia produces 57% of the world’s automobiles.

U.S Automobile Industry Statistics

Throughout the twentieth century’s boom and bust cycles, the American automotive sector had a profound effect on the domestic economy. The annual sales of new automobiles served as a dependable indicator of the country’s economic health.

However, when the recession struck in 2007-2008, new automobile sales plummeted, mirroring a general reduction in consumer expenditure.

This section will reveal some fascinating facts about the U.S. automobile industry that you likely haven’t encountered before.

Despite this decline, slightly less than one in every two commercial vehicles will be manufactured in North America by 2020.
Truckers in the United States transported around 12 billion tonnes of freight across wide swaths of the country on highways and to locations not served by rail. (Statista)
The United States saw a 19% decline in automobile production, somewhat more than the global average, and produced a total of 8,822,399 cars and commercial vehicles. (IndustryWeek)
In the United States, pickups and light trucks such as the Ford F-450 were immensely popular, serving both commercial and personal purposes. (Statista)
By 2025, the ride-hailing business is expected to reach slightly about $386 billion in the United States.
In 2020, North America was significantly impacted by the coronavirus outbreak in the United States, the continent’s largest market. Vehicle sales in the United States decreased to roughly 14.5 million units in 2020. The market, however, is likely to revive in 2021.
In 2020, North America produced over 10.1 million commercial vehicles weighing more than 3.5 metric tonnes (or around 7,700 pounds). (Statista)
Global commercial vehicle production declined between 2019 and 2020 as a result of the Covid-19 epidemic, notably in North America. (Statista)
Road freight was one of the main commercial vehicle categories in the United States in 2018, accounting for around 64% of freight movements in the country in 2018. (Statista)

Europe Automobile Industry Statistics

Between 1919 and 1939, automotive production expanded significantly in Europe, though on a far lower scale than in the United States. European industry was following the same path as American industry.

Even yet, this industry has recently undergone a series of structural reforms and geographical transfers. Exactly for this reason, it appears critical to study the automobile industry’s competitiveness on a national level, to study long-term trends within the EU, and to place them in a worldwide context.

In Europe, the stock of automobiles is predicted to decline from 280 million to 200 million. (PWC)
By 2030, Europe’s car mileage may exceed 4.2 trillion kilometers. (PWC)
Europe’s production fell by an average of 21%, with decreases ranging from 11% to nearly 40% in its major producing countries. (Statista)
By 2030, driverless vehicles may account for 40% of all traffic in Europe. (PWC)

Electric Vehicles Statistics

While electric vehicles are rapidly gaining popularity, some prospective purchasers remain sceptical. One significant factor is that charging electric vehicles is slow. While drivers are accustomed to filling their petrol tanks in less than five minutes, EVs normally take at least 30 minutes to reach 80 percent charge at the fastest charging stations available.

With all the headlines about new and prospective electric vehicles from automakers, you’d assume EVs already accounted for a sizable portion of the global vehicle fleet. However, you would be incorrect. While sales of electric passenger cars are increasing—particularly in Europe and China—EVs still account for a small proportion of new car sales and an even smaller proportion of vehicles on the road.

In this part, we’ll go into some mind-boggling Electric Vehicles Statistics that you’re unlikely to have encountered before.

Globally, one in every five new automobile sales is predicted to be battery-electric, and millions of additional self-driving vehicles will be added to the worldwide fleet. (Statista)
Sales of electric vehicles will increase from 2.5 million in 2020 to 3.4 million in 2021, but China’s market share will decline as European sales continue to surge. (EIU)
Prior to the coronavirus crisis of 2019–2020, the global automotive industry was severely impacted by the 2008–2009 financial crisis, with General Motors declaring bankruptcy in the aftermath.
Automation and electrification are the two most significant advancements now occurring in the automotive sector. (Statista)
By 2030, almost 55% of all new automobile sales might be totally electric. (PWC)
China is the world’s largest market for electric vehicles and is likely to continue to be so for the next decade.
China was the world’s largest producer of passenger cars in 2020, with over 21.4 million units produced. This compared to approximately 8.3 million units in Japan, the runner-up. (Statista)
By 2030, over 95% of new vehicle sales are predicted to be partially electric. (PWC)
China will almost certainly take the lead in developing driverless and battery-electric vehicles.
By 2030, electric and autonomous vehicles may become the norm. (Statista)
Nearly 60% of respondents in a global survey expressed excitement about completely driverless vehicles.
Despite a global motor vehicle market decline in 2020, exports and sales in the global EV market grew at a profitable rate. Global EV sales have climbed by 39% year on year, while EV export commerce has climbed by 18%. Germany is presently the world’s second-largest market for electric vehicles, behind China, and is expected to surpass the United States by 2020. Norway led the way in terms of electric vehicle sales, accounting for 75% of total vehicle sales, followed by Sweden (32%), the Netherlands (25%), and Denmark (25%). (16 percent ). (Knoema)

Volkswagen Car Sales Statistics

If Volkswagen follows through on its boardroom speculations, the future of driving may cost you $8.50 an hour.

Volkswagen has increased its focus on the software that goes into its vehicles during the last number of years. In 2019, the corporation began a process of streamlining its software. At the time, the Volkswagen Group used eight distinct electronic architectures across all of its brands. For a manufacturer that prides itself on building a small number of interchangeable mechanical platforms, the multiplicity of architectures was inefficient and wasteful.

Volkswagen is a German automobile manufacturer and one of the major automakers in the world.. In English, its name translates as “people’s automobile,” which is also the company’s tagline.

We’ll get into some extremely fascinating Volkswagen Car Sales Statistics in this part.

While Volkswagen’s sales in Germany have been unchanged in recent years, Asia-Pacific has emerged as the company’s greatest target market. (Statista)
Volkswagen is the world’s second-largest automaker, having lost the top rank to Toyota in 2020.
Volkswagen Group’s revenue decreased in the fiscal year 2020. VW’s 222.9 billion Euros in revenue also earned it a spot on the list of the world’s wealthiest firms.
Volkswagen Passenger Cars were the company’s greatest revenue generator in 2020, accounting for around 32% of total revenue.
Volkswagen sold around 9.3 million automobiles worldwide in 2020, a decrease of 15.2 percent from nearly 11 million in 2019.

Toyota Sales Statistics

Toyota has consistently been one of the best-selling brands in the United States. It is the country’s de facto best-selling Japanese brand and the only foreign brand capable of truly challenging the main US automakers such as Chevrolet, Chrysler, and Ford.

Toyota’s success, particularly in the United States, is not coincidental. The brand’s success has been built on years of high-quality design, unwavering innovation, and bold actions. Toyota is credited with producing some of the most spectacular sports cars ever built. Additionally, they are well-known for the dependability and sophistication of their economy cars.

We’ll dive into some extremely fascinating Toyota Sales Statistics in this segment that you’re unlikely to have seen before.

Toyota sold 9.5 million retail automobiles globally between January and December 2020.
In 2019, Toyota earned over 30 trillion Japanese Yen or more than 280 billion US dollars.
Toyota was named the automotive brand with the highest brand value in 2020.
Toyota delivered around 2.1 million automobiles in Japan between April 2020 and March 2021.
Toyota sold approximately 9.5 million vehicles between January and December 2020, a 10% reduction from the previous year.
Toyota’s major regional markets are Japan and North America.
In terms of total vehicle sales, Toyota Motor Corporation, a Japanese multinational automaker, is the world’s largest automaker.
In the fiscal year ending March 2021, Toyota Motor Corporation’s net revenue decreased by over 3% year on year to just under 28 trillion Japanese Yen (roughly equal to 247 billion US dollars.)

Automobile Industry Forecast

The vehicle is undoubtedly the most successful product of the twentieth century, and there is no evidence that people are willing to give up what it offers: economical, fast, autonomous transport over large and short distances. However, the industry is about to undergo numerous revolutions — from drivetrains to digitally connected ecosystems that are reimagining driving and customer experience.

Prior to the COVID-19 issue, the auto industry had to deal with other major upheavals, such as the electrification of transportation, self-driving cars, automated factories, and ridesharing. Now that the pandemic has significantly limited travel, and in the midst of global manufacturing closures, plummeting auto sales, and large layoffs, it’s logical to ponder what the auto sector’s “new normal” will look like.

Here are some fascinating Automobile Industry Forecasts to think about.

AlixPartners predicted that manufacturers will build approximately 2.2 million fewer cars than anticipated in 2021 – but the loss has already risen to an anticipated 4 million automobiles.
Automobile sales worldwide are expected to decline to slightly under 70 million units in 2021, down from almost 80 million units in 2017. (Statista)
By 2030, electronic systems are expected to account for roughly half of the entire cost of a new car.
According to consultancy firm AlixPartners, the semiconductor chip scarcity is predicted to cost the global car industry $110 billion in revenue in 2021. (Statista)
By 2030, driverless vehicles might account for 40% of the mileage driven in Europe. (PWC)
By 2025, 110 million automobiles are anticipated to be built. (Statista)
In the future, the average car occupancy rate of 1.3 individuals per car may increase. (PWC)
Global automobile manufacturing is expected to surpass 100 million units in the near future, owing to rising population levels and rising affluence in emerging markets. (Statista)
By 2030, Europe’s car inventory is predicted to decrease from 280 million to 200 million automobiles. (PWC)
New car sales will increase by 15% in 2021, following an 18% decline in 2020. (EIU)
By 2030, Europe’s car mileage might surpass 4.2 trillion kilometers. (PWC)

Conclusion

The automobile industry is at a crossroads: one path leads to reinvention and prosperity, while the other perpetuates the status quo. Business executives will only have a limited time frame in which to reinvent their basic processes.

Automotive sector players must act now to assure their existence and prosperity in the future.