Key Data of Global Auto Market in 2021
Key Data of Global Auto Market
In 2021, almost 80 million motor vehicles were produced worldwide. This figure translates into an increase of around 3 percent, compared with the previous year. China, Japan, and Germany were the largest producers of cars and commercial vehicles in 2020.
China leads production
China is ranked as the largest passenger car manufacturer in the world, having produced more than 21 million cars in 2020, and accounting for almost one third of the world’s passenger vehicle production. Over the past decades, China has emerged as one of the main growth markets for players in the global automobile industry.
American manufacturers in China
One of China’s largest car manufacturing companies is the joint venture between General Motors and SAIC Motor Corporation Limited, known as Shanghai General Motors Company Ltd or simply Shanghai GM. GM produces and sells passenger vehicles under the Chevrolet and Cadillac brands, among others. Aside from manufacturing cars, the company also produces engines and transmission systems. Shanghai GM’s production amounted to a little over 1.6 million units in 2019.
Table 1. Global Automobile Production by Country (Vehicle)
|
|
2017 |
2018 |
2019 |
2020 |
2021 |
|
China |
29,015,434 |
27,809,196 |
25,720,665 |
25,225,242 |
26,082,220 |
|
USA |
11,189,985 |
11,314,705 |
10,880,019 |
8,822,399 |
9,167,214 |
|
Japan |
9,693,746 |
9,728,528 |
9,684,298 |
8,067,557 |
7,846,955 |
|
India |
4,782,896 |
5,174,645 |
4,516,017 |
3,394,446 |
4,399,112 |
|
South Korea |
4,114,913 |
4,028,834 |
3,950,617 |
3,506,774 |
3,462,404 |
|
Germany |
5,918,533 |
5,386,072 |
4,931,171 |
3,742,454 |
3,287,045 |
|
Mexico |
4,068,415 |
4,100,525 |
3,986,794 |
3,176,600 |
3,145,653 |
|
Brazil |
2,699,672 |
2,879,809 |
2,944,988 |
2,014,055 |
2,248,253 |
|
Spain |
2,848,335 |
2,819,565 |
2,822,355 |
2,268,185 |
2,098,133 |
|
Thailand |
1,988,823 |
2,167,694 |
2,013,710 |
1,427,074 |
1,685,705 |
|
Russia |
1,551,293 |
1,767,674 |
1,719,784 |
1,435,335 |
1,566,317 |
|
France |
2,227,000 |
2,270,000 |
2,202,460 |
1,316,371 |
1,365,727 |
|
Turkey |
1,695,731 |
1,550,150 |
1,461,244 |
1,297,878 |
1,276,140 |
|
Indonesia |
1,216,615 |
1,343,714 |
1,286,848 |
691,286 |
1,121,967 |
|
Canada |
2,199,789 |
2,020,840 |
1,916,585 |
1,376,623 |
1,115,002 |
|
CzechRep. |
1,419,993 |
1,345,041 |
1,433,963 |
1,159,151 |
1,111,432 |
|
Slovakia |
1,001,520 |
1,090,000 |
1,100,000 |
985,000 |
1,000,000 |
|
UK |
1,749,385 |
1,604,328 |
1,381,405 |
987,044 |
932,488 |
|
Iran |
1,515,396 |
1,095,526 |
821,060 |
880,997 |
860,959 |
|
Italy |
1,142,210 |
1,060,068 |
915,305 |
777,165 |
795,856 |
|
South Africa |
589,951 |
610,854 |
631,983 |
447,218 |
499,087 |
|
Malaysia |
460,140 |
564,800 |
571,632 |
485,186 |
481,651 |
|
Poland |
689,729 |
659,646 |
649,864 |
451,382 |
439,421 |
|
Argentina |
472,158 |
466,649 |
314,787 |
257,187 |
434,753 |
|
Romania |
359,250 |
476,769 |
490,412 |
438,107 |
420,755 |
|
Hungary |
505,400 |
430,988 |
498,158 |
406,497 |
394,302 |
|
Portugal |
175,544 |
294,366 |
345,704 |
211,281 |
289,954 |
|
Taiwan |
291,563 |
253,241 |
251,304 |
245,615 |
265,320 |
|
Belgium |
379,140 |
308,493 |
285,797 |
267,460 |
261,038 |
|
Uzbekistan |
140,247 |
220,667 |
271,113 |
280,080 |
241,649 |
|
Sweden |
226,000 |
253,058 |
232,738 |
186,456 |
193,254 |
|
Austria |
99,880 |
164,900 |
179,400 |
104,544 |
145,700 |
|
Netherlands |
157,280 |
185,164 |
179,385 |
127,268 |
126,488 |
|
Slovenia |
189,852 |
209,378 |
199,102 |
141,714 |
95,797 |
|
Finland |
91,598 |
112,104 |
114,785 |
86,270 |
93,172 |
|
Egypt |
36,640 |
70,600 |
18,500 |
23,754 |
23,754 |
|
Serbia |
79,912 |
56,449 |
35,115 |
23,375 |
21,263 |
|
Ukraine |
9,542 |
6,623 |
7,265 |
4,952 |
8,153 |
|
Others |
494,332 |
241,127 |
1,216,679 |
971,743 |
1,141,895 |
|
Total |
97,487,842 |
96,142,790 |
92,183,011 |
77,711,725 |
80,145,988 |
Source: OICA and Bosson Research, 2022
Table 2. Importance and Development Potential of Automobiles in Various Countries
|
|
Production in2021 |
Share（2021） |
CAGR（2017-2021） |
|
China |
26,082,220 |
32.54% |
-2.63% |
|
USA |
9,167,214 |
11.44% |
-4.86% |
|
Japan |
7,846,955 |
9.79% |
-5.15% |
|
India |
4,399,112 |
5.49% |
-2.07% |
|
South Korea |
3,462,404 |
4.32% |
-4.22% |
|
Germany |
3,287,045 |
4.10% |
-13.67% |
|
Mexico |
3,145,653 |
3.92% |
-6.23% |
|
Brazil |
2,248,253 |
2.81% |
-4.47% |
|
Spain |
2,098,133 |
2.62% |
-7.36% |
|
Thailand |
1,685,705 |
2.10% |
-4.05% |
|
Russia |
1,566,317 |
1.95% |
0.24% |
|
France |
1,365,727 |
1.70% |
-11.51% |
|
Turkey |
1,276,140 |
1.59% |
-6.86% |
|
Indonesia |
1,121,967 |
1.40% |
-2.00% |
|
Canada |
1,115,002 |
1.39% |
-15.62% |
|
CzechRep. |
1,111,432 |
1.39% |
-5.94% |
|
Slovakia |
1,000,000 |
1.25% |
-0.04% |
|
UK |
932,488 |
1.16% |
-14.55% |
|
Iran |
860,959 |
1.07% |
-13.18% |
|
Italy |
795,856 |
0.99% |
-8.64% |
|
South Africa |
499,087 |
0.62% |
-4.10% |
|
Malaysia |
481,651 |
0.60% |
1.15% |
|
Poland |
439,421 |
0.55% |
-10.66% |
|
Argentina |
434,753 |
0.54% |
-2.04% |
|
Romania |
420,755 |
0.52% |
4.03% |
|
Hungary |
394,302 |
0.49% |
-6.02% |
|
Portugal |
289,954 |
0.36% |
13.37% |
|
Taiwan |
265,320 |
0.33% |
-2.33% |
|
Belgium |
261,038 |
0.33% |
-8.91% |
|
Uzbekistan |
241,649 |
0.30% |
14.57% |
|
Sweden |
193,254 |
0.24% |
-3.84% |
|
Austria |
145,700 |
0.18% |
9.90% |
|
Netherlands |
126,488 |
0.16% |
-5.30% |
|
Slovenia |
95,797 |
0.12% |
-15.72% |
|
Finland |
93,172 |
0.12% |
0.43% |
|
Egypt |
23,754 |
0.03% |
-10.27% |
|
Serbia |
21,263 |
0.03% |
-28.18% |
|
Ukraine |
8,153 |
0.01% |
-3.86% |
|
Others |
1,141,895 |
1.42% |
38.65% |
|
Total |
80,145,988 |
100.00% |
-4.73% |
Source: OICA and Bosson Research, 2022
Table 3. Global Automobile Production by Type
|
|
2017 |
2018 |
2019 |
2020 |
2021 |
|
Passenger Cars |
72,883,131 |
70,567,581 |
67,175,321 |
55,908,989 |
57,054,295 |
|
Light Commercial Vehicles |
20,222,397 |
21,072,296 |
20,512,797 |
17,217,990 |
18,593,846 |
|
Heavy Trucks |
4,086,253 |
4,227,815 |
4,147,797 |
4,364,595 |
4,298,784 |
|
Buses & Coaches |
296,061 |
275,098 |
347,096 |
220,151 |
199,063 |
|
Total |
97,487,842 |
96,142,790 |
92,183,011 |
77,711,725 |
80,145,988 |
Source: OICA and Bosson Research, 2022
Note: Audi, BMW, JLR, Mercedes, Scania and Daimler Trucks data not reported
Table 4. Importance and Development Potential of Automobiles in Various Type
|
|
2021 |
Share（2021） |
CAGR（2017-2021） |
|
Passenger Cars |
57,054,295 |
71.19% |
-5.94% |
|
Light Commercial Vehicles |
18,593,846 |
23.20% |
-2.08% |
|
Heavy Trucks |
4,298,784 |
5.36% |
1.28% |
|
Buses & Coaches |
199,063 |
0.25% |
-9.45% |
|
Total |
80,145,988 |
100.00% |
-4.78% |
Source: OICA and Bosson Research, 2022
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