Global Automobile Industry Production and Demand-Regional Trend Assessment-Edition 2
Description
Global Automobile Industry Production and Demand-Regional Trend Assessment-Edition 2
Executive Summary
Global automobile industry is an important economic metric, it is on the cusp of new technological advancements. Additionally, in the present era, the automotive industry is being driven by consumer desire for expensive and distinctive features. Numerous factors, including the affordable availability of skilled labour, the strength of R&D facilities, and low-cost steel manufacturing, assist the automobile industry globally.
In 2020, numerous nations enacted absolute lockdown, which halted supply and development of chips and caused a global shortage. When a fire damaged a facility in Japan and a blizzard disrupted production in the US, manufacturers in both countries which together produce 50% of the semiconductor chips used in cars worldwide experienced a knock to supply. The paucity of semiconductor chips was made worse by the creation of the Delta version and subsequent COVID-19 breakouts throughout Southeast Asia and across the world
Across the world, around 79.1 million automobiles were produced in 2021, a 1.3% rise from 2020. In comparison to the year 2020, the global production of passenger cars increased by 2% in 2021. Whereas currently, the global automobile industry is headed toward a new trend that will see more electric and hybrid vehicles produced and sold in all regions. A major trend in the global automobile industry is the rise of innovative subscription-based vehicle usership (not ownership) models. In 2021, when used car sales are expected to soar, new car sales could be in jeopardy.
Worldwide electric car sales soared through 2021 and have continued to grow strongly so far in 2022, future growth will require greater initiatives to diversify battery manufacturing and essential mineral supplies to lower the risks of bottlenecks and price increases.
Global Economic Performance
The Global economy increased on an average at the rate of 3.4%, between 2014 to 2019. In 2020, owing to the outbreak of the virus, the global economy shrank by -3.3% the biggest reduction since 1970. Nevertheless, the economy experienced a 5.8% growth in 2021. The conflict between Russia and Ukraine, the uncertainty surrounding COVID, the deteriorating relationship between the US and China, and other factors have made the recovery still difficult. With projected GDP growth of 6.6% in 2022 and 6.3% in 2023, South Asia is expected to continue to outperform the world in GDP growth.
COVID-19 Impact: The COVID-19 restrictions that resulted in a double-digit decline in sales due to the suspension of vehicle production and sales worldwide also had a significant negative impact on the automotive industry. Later in 2020, the market was also negatively impacted by supply chain disruptions, which are anticipated to persist into 2021. However, the auto industry is recovering faster than expected, partly due to consumer trends favouring personal mobility over shared and public transit.
Impact of Russia Ukraine War: The ongoing Russian-Ukrainian situation has caused neon gas costs to increase tenfold, which may have an effect on Asia-Pacific automakers' ability to produce vehicles. In addition, the supply of palladium needed to make autos will be restricted by the sanctions placed on Russia. The production, sales, and delivery of autos are then expected to increase as a result.
Automobile Industry Performance by Region
North America Automobile Industry: This section discusses about US Automobile industry performance and Canada automotive industry growth over last five years.
Europe Automobile Industry: This section covers key European economies those have an influence over global production and supply of automobile.
Asia Pacific Automobile Industry: This section talks about China, Japan and India automobile industry performance.
Latin America Automobile Industry: This section concentrates on Brazil and Mexico automobile industry performance.
Africa Automobile Industry: This section details Africa positioning in the global automobile market.
Middle East Automobile Industry: Saudi Arabia, UAE and Turkey have been discussed in detail in the global automobile industry report.
Scope of the Study
The following synopsis is based on the report " Global Automobile Industry Production and Demand – Regional Trend Assessment – Edition 2" published by Makreo Research and Consulting.
The report delves deeply into various parameters such as Market performance of different region and major countries manufacturing automobiles, and industry cause and effect analysis. The report offers production and sales facts and analyses market trends and future prospects and it also covers the shifts happening in the automobile industry after series of event for instance: the US-China trade war, COVID-19 outburst, Russia-Ukraine War, Inflation in the US and semiconductor chip shortage.
Global Automobile Market Segmentation
Global Automobile Market
North America
US
Canada
European Union
Germany
France
Spain
Asia Pacific
China
Japan
India
Latin America
Brazil
Mexico
Africa
South Africa
Nigeria
Middle East
Saudi Arabia
UAE
Turkey
Companies covered in the Global Automobile Market Report:
Executive Summary
Global automobile industry is an important economic metric, it is on the cusp of new technological advancements. Additionally, in the present era, the automotive industry is being driven by consumer desire for expensive and distinctive features. Numerous factors, including the affordable availability of skilled labour, the strength of R&D facilities, and low-cost steel manufacturing, assist the automobile industry globally.
In 2020, numerous nations enacted absolute lockdown, which halted supply and development of chips and caused a global shortage. When a fire damaged a facility in Japan and a blizzard disrupted production in the US, manufacturers in both countries which together produce 50% of the semiconductor chips used in cars worldwide experienced a knock to supply. The paucity of semiconductor chips was made worse by the creation of the Delta version and subsequent COVID-19 breakouts throughout Southeast Asia and across the world
Across the world, around 79.1 million automobiles were produced in 2021, a 1.3% rise from 2020. In comparison to the year 2020, the global production of passenger cars increased by 2% in 2021. Whereas currently, the global automobile industry is headed toward a new trend that will see more electric and hybrid vehicles produced and sold in all regions. A major trend in the global automobile industry is the rise of innovative subscription-based vehicle usership (not ownership) models. In 2021, when used car sales are expected to soar, new car sales could be in jeopardy.
Worldwide electric car sales soared through 2021 and have continued to grow strongly so far in 2022, future growth will require greater initiatives to diversify battery manufacturing and essential mineral supplies to lower the risks of bottlenecks and price increases.
Global Economic Performance
The Global economy increased on an average at the rate of 3.4%, between 2014 to 2019. In 2020, owing to the outbreak of the virus, the global economy shrank by -3.3% the biggest reduction since 1970. Nevertheless, the economy experienced a 5.8% growth in 2021. The conflict between Russia and Ukraine, the uncertainty surrounding COVID, the deteriorating relationship between the US and China, and other factors have made the recovery still difficult. With projected GDP growth of 6.6% in 2022 and 6.3% in 2023, South Asia is expected to continue to outperform the world in GDP growth.
COVID-19 Impact: The COVID-19 restrictions that resulted in a double-digit decline in sales due to the suspension of vehicle production and sales worldwide also had a significant negative impact on the automotive industry. Later in 2020, the market was also negatively impacted by supply chain disruptions, which are anticipated to persist into 2021. However, the auto industry is recovering faster than expected, partly due to consumer trends favouring personal mobility over shared and public transit.
Impact of Russia Ukraine War: The ongoing Russian-Ukrainian situation has caused neon gas costs to increase tenfold, which may have an effect on Asia-Pacific automakers' ability to produce vehicles. In addition, the supply of palladium needed to make autos will be restricted by the sanctions placed on Russia. The production, sales, and delivery of autos are then expected to increase as a result.
Automobile Industry Performance by Region
North America Automobile Industry: This section discusses about US Automobile industry performance and Canada automotive industry growth over last five years.
Europe Automobile Industry: This section covers key European economies those have an influence over global production and supply of automobile.
Asia Pacific Automobile Industry: This section talks about China, Japan and India automobile industry performance.
Latin America Automobile Industry: This section concentrates on Brazil and Mexico automobile industry performance.
Africa Automobile Industry: This section details Africa positioning in the global automobile market.
Middle East Automobile Industry: Saudi Arabia, UAE and Turkey have been discussed in detail in the global automobile industry report.
Scope of the Study
The following synopsis is based on the report " Global Automobile Industry Production and Demand – Regional Trend Assessment – Edition 2" published by Makreo Research and Consulting.
The report delves deeply into various parameters such as Market performance of different region and major countries manufacturing automobiles, and industry cause and effect analysis. The report offers production and sales facts and analyses market trends and future prospects and it also covers the shifts happening in the automobile industry after series of event for instance: the US-China trade war, COVID-19 outburst, Russia-Ukraine War, Inflation in the US and semiconductor chip shortage.
Global Automobile Market Segmentation
Global Automobile Market
North America
US
Canada
European Union
Germany
France
Spain
Asia Pacific
China
Japan
India
Latin America
Brazil
Mexico
Africa
South Africa
Nigeria
Middle East
Saudi Arabia
UAE
Turkey
Companies covered in the Global Automobile Market Report:
- Tesla, Inc.,
- Toyota Motor Corporation,
- Volkswagen Group,
- General Motors Company (GM),
- Daimler AG,
- Honda Motor Company Ltd.,
- BMW,
- Stellantis N.V.
- What is the current state of the global automobile industry and how has it performed in the past?
- What is the present growth of global production of passenger cars?
- How did the global car sector respond to COVID-19-led restrictions?
- What effects did COVID-19 have on the demand for and manufacturing of automobiles?
- What is the situation of the North American Automobile industry at the moment?
- How is the auto industry in Asia and the Pacific doing?
- How is the Europe passenger car market coping?
- Which nations are the major producers of automobiles?
- How did the conflict between Russia and Ukraine affect the supply and demand for cars?
Table of Contents
156 Pages
- 1. Research Methodology
- Objective of the Study
- Research Process
- Data Collection Methods
- 2. EPTD Analysis (Economic, Political, Technological & Demographic Overview)
- EPTD Analysis
- EPTD Analysis : Global Economy Performance
- EPTD Analysis : Economic Overview
- EPTD Analysis: Political Overview
- EPTD Analysis: Technological Overview
- EPTD Analysis: Demography Overview
- 3. COVID-19 Impact Assessment
- Impact of COVID-19 on the Automobile Industry – North America
- Impact of COVID-19 on the Automobile Industry – Europe
- Impact of COVID-19 on the Automobile Industry – Asia Pacific
- Impact of Russia-Ukraine War
- Impact of Russia-Ukraine War over Global Economy
- Impact of Russia-Ukraine War over Global Trade
- Impact of Russia-Ukraine War over Global Automobile Industry
- Dominance of Russia and Ukraine
- 4. Market Dynamics
- Global Automobile Industry : Recent Trends & Developments
- Global Automobile Industry: Market Drivers
- Global Automobile Industry: Challenges
- 5. Global Automobile Industry Performance
- Global Automobile Industry Performance – An Overview
- Global Automobile Industry – Geographic Distribution
- Global Automobile Industry – Production Output Performance
- Global Motor Vehicle Production Performance, 2021
- Global Automobile Industry – Sales Performance
- Global Car Sales – Key Facts
- Global Electric Vehicle Industry Performance in 2021 & 2022
- 6. North America Automobile Industry Performance
- The US Automobile Industry – Past and Present Performance
- The US Domestic Auto Production and Sales
- The US Automobile Industry Retail Sales-Present Performance
- Canada Automobile Industry – Key Facts
- Canada Automobile Sales – Key Facts
- Canada Automobile Industry Present Performance
- 7. Europe Automobile Industry Performance
- Europe Automobile Industry– An Overview
- Europe Automobile Industry Performance in 2021
- New Passenger Car Registration in the European Union
- Germany Automobile Industry – An Overview
- Germany Automobile Production, 2020
- Germany Passenger Vehicle Registrations
- Germany Automobile Industry Performance in 2021
- Germany Vehicle Sales – Key Facts
- Germany Automobile Industry Performance in 2022 – Key Facts
- France Automobile Industry– Key Facts
- France Vehicle Registration by Type – Past Performance
- France Automobile Industry Performance 2021
- Spain Passenger Car Sector Performance
- Spain Automobile Industry– Key Facts
- Spain Automobile Sales – Key Facts
- Spain Motor Vehicle Performance 2021
- Spain Automobile Production – Key Facts
- 8. Asia Pacific Automobile Industry Performance
- Asia Pacific Automobile Industry – Key Facts
- China Automobile Industry– An Overview
- China Automobile Industry by Type of Vehicles (Light Vehicles and Commercial Vehicles) 2020
- China Automobile Industry – Performance in 2021
- China Automobile Market – Production and Sales of Automobile, Jan-Dec2021
- China Automobile Industry Performance in 2022 - Key Facts
- Japan Automobile Industry – Key Facts
- Japan Automobile Industry – By Production
- Japan Automobile Industry by Type of Vehicles (Light Vehicles and Commercial Vehicles)
- Japan Automobile Sales Performance
- India Automobile Industry- An Overview
- India Automobile Retail Sales-Past Performance
- India Automobile Market- By Production
- India Automobile Market- By Sales
- India Automobile Market- Exports
- 9. Latin America Automobile Industry Performance
- Latin America Automobile Industry – Key Facts
- Latin America Light Vehicle Sales– Impact of COVID-19
- Latin America Vehicle Sales by Major Countries - Impact of COVID-19
- Brazil Automobile Industry – Key Facts
- Brazil Automobile Retail Sales-Past Performance
- Brazil Automobile Production and Sales – Key Facts
- Brazil Automobile Market- Export H1 2021
- Brazil New Vehicle Registrations, H1 2022
- Brazil Motor Vehicle Production- Present Performance
- Mexico Automobile Industry– Production Facts
- Mexico Automobile Industry– Light Vehicle
- Mexico Motor Vehicle Industry– Sales Facts
- 10. Africa Automobile Industry Performance
- Africa Automobile Industry – Key Facts
- South Africa Automobile Industry – An Overview
- South Africa Automobile Industry – Production Facts
- South Africa Automobile Industry – Sales Performance
- Nigeria Automobile Industry - Sales Key Facts
- 11. Middle East Automobile Industry Performance
- Saudi Arabia Automobile Industry – An Overview
- Saudi Arabia Automobile Industry – Sales Performance
- Saudi Arabia Automobile Industry – Quarterly Sales Performance of 2021 & 2022
- UAE Automobile Industry – Sales Performance
- UAE Automobile Industry – Quarterly Sales Performance of 2021 & 2022
- Turkey Automobile Market Performance
- Turkey Automobile Market 2020-21 vs 2021-22
- Turkey Automobile Production and Exports
- Turkey Automobile Production and Sales
- 12. Global Automobile Industry - Company Profiles
- Company Profile – Tesla Inc.
- Company Profile – Toyota Motor Corporation
- Company Profile – Volkswagen Group
- Company Profile – General Motors Company
- Company Profile – Daimler AG
- Company Profile – Honda Motor Company Ltd.
- Company Profile – BMW (Bayerishe Motoren Werke AG)
- Company Profile – Stellantis
- Limitations of the Study
Pricing
Currency Rates
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