BRIC Countries (Brazil, Russia, India, China) Car Manufacturing Market Summary, Competitive Analysis and Forecast, 2017-2026
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The BRIC countries, which include Brazil, Russia, India, and China, contributed $401.5 billion to the global car manufacturing industry in 2021 and are expected to accelerate at a CAGR of more than 5% over the 2021-26 period. The BRIC countries (Brazil, Russia, India, and China) car manufacturing market research report provides top-line qualitative and quantitative summary information including market share, industry size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and an analysis of competitive pressures within the industry.
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BRIC Countries Car Manufacturing Market Outlook
The BRIC countries include Brazil, Russia, India, and China. China led the BRIC car manufacturing industry in terms of revenue in 2021.
The Brazilian car manufacturing industry has fluctuated between growth and decline in recent years, with the steepest decline being seen in 2020 amid the COVID-19 pandemic. 2021 saw a surge in the industry value, with manufacturing output also registering a healthy increase. The forecast period looks promising in both value and volume terms.
The Brazilian car manufacturing industry is expected to follow a strong growth trajectory over the forecast period. Pent-up demand is expected to drive growth, while the improving macroeconomic environment brought about by the end of the pandemic should support spending over the coming years.
Growth in this industry has been hindered by environmental concerns in China. High pollution levels in the major urban cities have led the government to encourage consumers to revert to non-fossil fuel-burning substitutes such as bicycles. This return to bicycles has been boosted by the emergence of bike-sharing start-ups such as Ofo, Bluegogo, and Mobike, which now operate millions of bicycles across the country. On top of this, many of the younger consumers in the Chinese industry increasingly see bicycles as trendy, much like their counterparts do in Amsterdam or Copenhagen.
The Indian car manufacturing industry has fluctuated between growth and decline in value and volume terms in recent years. The industry suffered a particularly steep decline in 2020 amid the COVID-19 pandemic. 2021 saw a considerable recovery in the industry in both value and volume terms. The industry is set to follow a strong growth trajectory over the forecast period given that the macroeconomic environment will continue to improve.
The Russian car manufacturing industry had been growing at a good rate in value terms before 2020. However, the industry declined in both value and volume terms in 2020 amid the COVID-19 pandemic. While forecasts suggest the industry could follow a positive growth trajectory in the coming years, Russia’s invasion of Ukraine has the potential to significantly disrupt the industry.
BRIC Countries Car Manufacturing Market, by Regions
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Key Companies in the BRIC Countries Car Manufacturing Market
There are many companies in the BRIC in car manufacturing such as Stellantis NV, Volkswagen AG, Renault SA, Toyota Motor Corporation, General Motors Company, Zhejiang Geely Holding Group Co Ltd, Suzuki Motor Corporation, Tata Motors Limited, and Hyundai Motor Company.
Stellantis NV (Stellantis), formerly Fiat Chrysler Automobiles NV, is an automotive company, formed because of a merger with PSA Group. Stellantis is headquartered in Amsterdam, Netherlands.
Volkswagen AG (Volkswagen or ‘the group’) is an automobile manufacturer and car manufacturer in Europe. The company is headquartered in Wolfsburg, Germany.
Toyota Motor Corporation
Toyota Motor Corporation (Toyota or the company) is a manufacturer and seller of motor vehicles. The company is headquartered in Toyota City, Aichi, Japan.
General Motors Company
General Motors Company (GM or the company) is engaged in the design, development, production, and marketing of cars, trucks, and automobile parts. The company is headquartered in Detroit, Michigan, US.
Market Report Overview
|Key Countries||Brazil, Russia, India, and China|
|Market Size 2021||$401.5 billion|
|CAGR % (2021-2026)||>5%|
|Key Companies||Stellantis NV, Volkswagen AG, Renault SA, Toyota Motor Corporation, General Motors Company, Zhejiang Geely Holding Group Co Ltd, Suzuki Motor Corporation, Tata Motors Limited, and Hyundai Motor Company|
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the BRIC car manufacturing industry
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the BRIC car manufacturing industry
- Leading company profiles reveal details of key car manufacturing industry players’ BRIC operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the BRIC car manufacturing industry with five year forecasts by both value and volume
- Compares data from Brazil, Russia, India, and China, alongside individual chapters on each country
Reasons to Buy
- The size of the BRIC car manufacturing industry by value in 2021
- The size of the BRIC car manufacturing industry in 2026
- Factors are affecting the strength of competition in the BRIC car manufacturing industry
- The industry performance over the last five years
- The top competitors in the BRIC car manufacturing industry
Toyota Motor Corporation
General Motors Company
Zhejiang Geely Holding Group Co Ltd
Suzuki Motor Corporation
Tata Motors Limited
Hyundai Motor Company
Table of Contents
Table of Contents
1.1. What is this report about?
1.2. Who is the target reader?
1.3. How to use this report
2 BRIC Car Manufacturing
2.1. Industry Outlook
3 Car Manufacturing in Brazil
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
5 Car Manufacturing in China
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 Macroeconomic Indicators
6.1. Country data
7 Car Manufacturing in India
7.1. Market Overview
7.2. Market Data
7.3. Market Segmentation
7.4. Market outlook
7.5. Five forces analysis
8 Macroeconomic Indicators
8.1. Country data
9 Car Manufacturing in Russia
9.1. Market Overview
9.2. Market Data
9.3. Market Segmentation
9.4. Market outlook
9.5. Five forces analysis
10 Macroeconomic Indicators
10.1. Country data
11 Company Profiles
11.1. Stellantis NV
11.2. Volkswagen AG
11.3. Renault SA
11.4. Toyota Motor Corporation
11.5. General Motors Company
11.6. Zhejiang Geely Holding Group Co Ltd
11.7. Suzuki Motor Corporation
11.8. Tata Motors Limited
11.9. Hyundai Motor Company
12.2. About GlobalData
Frequently asked questions
What are the key countries in the BRIC car manufacturing market?
The BRIC countries are Brazil, Russia, India, and China.
What was the market size of the BRIC countries car manufacturing market in 2021?
The market size of the BRIC countries car manufacturing market was $401.5 billion in 2021.
What is the growth rate of the BRIC countries in the car manufacturing market?
The BRIC countries car manufacturing is expected to accelerate at a CAGR of more than 5% over 2021-26.
What are the key companies in the BRIC countries car manufacturing market?
There are many companies in the BRIC manufacturing market such as Stellantis NV, Volkswagen AG, Renault SA, Toyota Motor Corporation, General Motors Company, Zhejiang Geely Holding Group Co Ltd, Suzuki Motor Corporation, Tata Motors Limited, and Hyundai Motor Company.
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