The automobile industry is one of the most important industries in the world. It has a major impact on the global economy and affects the lives of millions of people. In this blog post, we will take a look at some of the most important statistics related to the automobile industry.
We will explore the size of the industry, its growth rate, the number of vehicles produced, the number of jobs it creates, and the environmental impact of the industry. We will also discuss the trends that are shaping the future of the automobile industry. Finally, we will look at the implications of these statistics for the industry and for consumers.
Automobile Industry: The Most Important Statistics
Global automotive supplier sales decreased by 7% in 2020, from 314.7 billion U.S. dollars to 292 billion U.S. dollars.
The Toyota brand topped the 2021 ranking of the world’s largest car brands with a market share of 10.5%, surpassing the 2020 incumbent, the Volkswagen Group.
Automobile Industry Statistics Overview
China is the largest producer of cars and commercial vehicles in the world, having produced over 21 million cars in 2020, accounting for nearly one third of the world’s passenger vehicle production, resulting in a 3% increase in worldwide motor vehicle production in 2021.
This highlights the potential for further growth in the industry and the need for companies to focus on the Chinese market in order to remain competitive.
Worldwide car sales decreased from 66.7 million units in 2021 to 66.1 million in 2022 due to a slowing global economy, COVID-19, and the Russian war on Ukraine.
Thus, the industry has been significantly impacted by the pandemic and other global events, with demand for new motor vehicles declining in 2021. This has had a negative effect on the industry, with North America and Europe being among the hardest-hit regions.
Bosch was the world’s largest automotive supplier in 2021 with a related revenue of around 49.4 billion U.S. dollars, and its rise to the top was aided by the acquisition of ZF Friedrichshafen’s steering systems.
This highlights the importance of external suppliers for the automotive industry, and the impact that corporate actions such as acquisitions and spin-offs can have on the industry.
Global automotive supplier sales decreased by 7% in 2020, from 314.7 billion U.S. dollars to 292 billion U.S. dollars.
The decrease in sales is important to note as it can provide insight into the overall health of the automobile industry. It can help to identify trends in the industry and inform decisions about how to best allocate resources. Additionally, it can help to inform strategies for marketing and product development.
The Toyota brand topped the 2021 ranking of the world’s largest car brands with a market share of 10.5%, surpassing the 2020 incumbent, the Volkswagen Group.
This shift in market share is indicative of the trend towards electric and autonomous vehicles, which is revolutionizing the automobile industry. It shows that the industry is changing rapidly, with Tesla Motors leading the trend towards electrification and other companies such as Google and Apple potentially following suit.
This shift in market share also highlights the potential for Tesla to become a major player in the industry, with their 2021 sales tally being over nine times that of Volkswagen Group.
In 2022, Apple, Amazon, Microsoft, Google, and Samsung were the top five most valuable brands in the world, according to a source that combined financial information, consumer choice, and qualitative assessments.
In 2022, the U.S. is expected to invest 48.4 billion U.S. dollars in automotive research and development, accounting for 39% of the global total.
The industry is growing and that the U.S. is leading the way in terms of investment. This could lead to new innovations and technologies in the automotive industry, which could benefit consumers and the industry as a whole.
Volkswagen spent the most on research and development in 2021, with an R&D intensity of over 6.2%.
By investing in R&D, Volkswagen is able to develop new technologies and products that can help them stay ahead of the competition.
The Toyota Corolla was the best-selling car model in 2022, with 1.12 million sales, and Toyota was the second most valuable car brand in the global automotive sector.
Toyota is a major player in the industry and that the Corolla is a popular model among car shoppers. Additionally, the overall global car sales decreased from 2021 to 2022, indicating a potential shift in the industry.
The Toyota RAV4 was the best-selling SUV model in 2021 for the third year in a row, and Toyota models were amongst the best-selling cars and light trucks in the US.
This demonstrates the strength of Toyota’s brand value and its ability to compete in the SUV market against Honda, its main competitor.
The global automotive market is expected to be valued at over $9 trillion by 2030.
This highlights the immense growth that the industry is expected to experience in the coming years, and serves as a reminder of the immense opportunities that the industry presents. It is a powerful indicator of the industry’s future, and a reminder of the importance of staying up-to-date with the latest automotive industry statistics.
There were over 77 million automobiles built globally in 2020.
This highlights the immense impact the industry has had on the global economy, with 77 million vehicles being produced in 2020 alone. This figure is a clear indication of the industry’s importance and its ability to drive economic growth.
The automobile industry is expected to generate over $2 trillion by 2025 from the sale of electric vehicles alone.
Electric vehicles are becoming increasingly popular and are expected to be a major source of revenue for the industry. This is a clear indication that the automobile industry is on the cusp of a major transformation, and that it is well-positioned to capitalize on the growing demand for electric vehicles.
Approximately 8% of global greenhouse gas emissions come from road transportation, with cars accounting for roughly 72%.
Road transportation has on global greenhouse gas emissions. It highlights the need for the automobile industry to take responsibility and develop more sustainable solutions to reduce emissions from cars. It also serves as a call to action for consumers to make more conscious decisions when it comes to their transportation choices.
Over 14.5 million people in the European Union are employed directly or indirectly by the automotive industry, accounting for 6.7% of all jobs in the EU.
The industry is a major employer, providing jobs for over 14.5 million people and accounting for 6.7% of all jobs in the EU. This highlights the significance of the automotive industry to the European economy and its citizens, and is an important factor to consider when discussing the industry’s current state and future prospects.
In the United States, there were over one million people directly employed in the automotive manufacturing sector in 2020.
This highlights the sheer number of people who are employed in this industry, and the impact it has on the economy. It also serves as a reminder of the importance of the automobile industry in the US, and how it contributes to the nation’s overall economic growth.
China is the world’s largest car producer, followed by Japan and the United States.
This speaks to the sheer scale of production and the impact that these three countries have on the global automotive market. It also highlights the importance of these countries in the industry, as they are the top three producers of cars in the world. This statistic is a reminder of the importance of the Automobile Industry in the global economy and its impact on the lives of people around the world.
In 2021, Toyota was the largest automobile manufacturer in terms of global vehicle sales with 9.53 million units.
This statistic is a great example of how Toyota has been able to stay ahead of the competition and remain the leader in the industry. It is a great reminder of the importance of staying ahead of the curve and adapting to the changing market.
Autonomous vehicles are expected to account for 15% of global car sales by 2040, which would amount to approximately 32 million vehicles annually.
Autonomous vehicles are set to become a major part of the global car market in the near future. This shift in the industry could have a huge impact on the way cars are produced, sold, and used, and could revolutionize the way people get around. As such, this statistic is an important indicator of the direction the Automobile Industry is heading in, and is essential for anyone looking to stay up-to-date on the latest trends in the industry.
In 2019, the worldwide sales of passenger cars amounted to almost 65 million units.
It is a clear indication of the industry’s success and its ability to meet the needs of consumers around the world. This statistic is a valuable insight into the current state of the automobile industry and provides a useful benchmark for future growth.
The global market for connected car technology is expected to reach $166.34 billion by 2025 with an annual growth rate of 25.2%.
The automobile industry is rapidly evolving and that the demand for connected car technology is growing exponentially. This means that the automobile industry is likely to experience a surge in innovation and growth in the coming years, making it an attractive investment opportunity for those looking to capitalize on the trend. Furthermore, this statistic also highlights the importance of staying up-to-date with the latest trends in the automobile industry in order to remain competitive.
The global market size for automotive semiconductors is expected to grow from $37.3 billion in 2021 to $54.9 billion by 2026.
The industry is expected to experience a significant increase in market size over the next five years, which could have a positive impact on the automobile industry as a whole. This could lead to increased investment in the sector, more jobs, and greater innovation in the industry. As such, this statistic is an important indicator of the future of the automobile industry and should be taken into consideration when discussing automobile industry statistics.
The global automotive lightweight materials market is projected to reach $110.42 billion by 2027, at a CAGR of 7.3% between 2020 and 2027.
The industry is likely to experience a steady increase in demand for these materials, which could lead to more innovation and development in the automobile industry. This could mean more efficient and cost-effective vehicles, as well as more environmentally friendly options. As such, this statistic is an important indicator of the future of the automobile industry and its potential for growth.
The worldwide revenue for automotive cybersecurity is projected to grow from $4.9 billion in 2020 to $48.13 billion by 2030.
The automotive industry is taking the necessary steps to ensure the safety and security of its customers and their data. As the industry continues to grow, the need for automotive cybersecurity will only become more important, making this statistic a key indicator of the industry’s future.
The global automotive artificial intelligence market is expected to reach $12 billion by 2026, growing at a CAGR of 38.6%.
The industry is growing at an impressive rate, with a CAGR of 38.6%, and is expected to reach $12 billion by 2026. This indicates that the automotive industry is embracing AI technology and is likely to continue to do so in the future. This is an important statistic for anyone interested in the automobile industry, as it provides insight into the current and future trends of the industry.
On average, the cost of producing an electric vehicle is expected to fall below the cost of producing internal combustion engine vehicles by 2027.
Electric vehicles will become more cost-effective than traditional internal combustion engine vehicles in the near future. This could have a major impact on the industry, as it could lead to a shift in consumer preference towards electric vehicles, resulting in a decrease in demand for traditional vehicles. This could have a ripple effect on the industry, as manufacturers may need to adjust their production lines to accommodate the new demand.
The value of mergers and acquisitions in the autonomous vehicles sector has increased from $1.6 billion in 2014 to $94.4 billion in 2019.
The industry has experienced a surge in investment, with the value of mergers and acquisitions skyrocketing from a mere $1.6 billion in 2014 to a staggering $94.4 billion in 2019. This is a testament to the increasing popularity of autonomous vehicles and the potential they hold for the future of the automobile industry.
Europe is expected to become the fastest-growing electric vehicle market in 2027, with a 221% increase in sales.
Electric vehicles are becoming increasingly popular in the region, and that the demand for them is expected to skyrocket in the coming years. This could have a major impact on the industry, as more people switch to electric vehicles and the market for them grows. This could lead to more investment in the sector, as well as more jobs and economic growth. It is an important statistic to consider when discussing the future of the automobile industry in Europe.
Conclusion
The automobile industry is an ever-evolving industry that is constantly changing and adapting to new technologies and trends. Statistics show that the industry is continuing to grow, with more vehicles being produced, more people driving, and more money being spent on vehicles.
The industry is also becoming more efficient, with new technologies and innovations making cars more fuel-efficient and reliable. As the industry continues to grow, it is important to stay up to date on the latest statistics and trends to ensure that you are making informed decisions when it comes to purchasing a vehicle.
References
1 – https://www.statista.com/statistics/262747/worldwide-automobile-production-since-2000/
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