Car Manufacturing Market Summary, Competitive Analysis and Forecast, 2017-2026
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Car Manufacturing Market Overview
The global car manufacturing market was valued at $1079 billion in 2021. The market grew at a CAGR of more than 7% during 2021-2026. The four leading players in the global car manufacturing industry, Toyota, Hyundai, Stellantis and Volkswagen, accounted for a significant share of production volume in 2021. The leading players in this industry are tapping into the growing demand for hybrid and electric vehicles, while alliances within the industry are a common strategy.
Car Manufacturing Market Outlook 2021-2026 ($ Billion)
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The Asia-Pacific region is the biggest globally, accounting for more than 57% of the global industry’s value and production volume. China accounts for around half of the Asia-Pacific industry in terms of value and production volume. 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 back 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 and fashionable, much like their counterparts do in Amsterdam or Copenhagen.
The car manufacturing market research report provides top-line qualitative and quantitative summary information including market share and industry size. The profile also contains descriptions of the leading players including key financial metrics and an analysis of competitive pressures within the industry.
Market Size 2021 | $1,079 billion |
Growth % (2021) | >8% |
Key Territories | Asia-Pacific, Europe, United States, Middle East, and ROW (Rest of the World) |
Key Companies | Daimler AG, Mazda Motor Corporation, Honda Motor Co., Ltd. , Tesla, Inc., Stellantis NV, Renault SA, Toyota Motor Corporation, Volkswagen AG, General Motors Company, Zhejiang Geely Holding Group Co Ltd (ZGH), Suzuki Motor Corporation, Tata Motors Limited, Nissan Motor Co., Ltd., Bayerische Motoren Werke AG, Ford Motor Company Limited, and Hyundai Motor Company |
Car Manufacturing Market Segmentation by Territories
Asia-Pacific, Europe, United States, Middle East, and ROW (Rest of the World) are the key geography segments in the global care manufacturing market. In 2021, APAC has the largest market share in terms of value.
APAC
The Asia-Pacific car manufacturing industry has been declining in recent years, largely driven by declines in China, Japan, and South Korea. Amid the COVID-19 pandemic, the car manufacturing industry experienced a steep decline in 2020. The industry saw a return to growth in 2021, while car manufacturing output is expected to reach pre-pandemic levels in 2022.
Europe
The European car manufacturing industry has seen a decline in both manufacturing output and industry value in recent years. The industry suffered a particularly steep decline in 2020 amid the COVID-19 pandemic. In 2021, production volumes declined again, while the industry’s value rose. The industry looks set to follow a positive growth trajectory over the forecast period.
The UK
The car manufacturing industry is expected to follow a positive 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.
Car Manufacturing Market Analysis by Territories, 2021 (%)
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Car Manufacturing Market – Competitive Landscape
There are many companies operating in the global car manufacturing market such as Daimler AG, Mazda Motor Corporation, Honda Motor Co., Ltd. , Tesla, Inc., Stellantis NV, Renault SA, Toyota Motor Corporation, Volkswagen AG, General Motors Company, Zhejiang Geely Holding Group Co Ltd (ZGH), Suzuki Motor Corporation, Tata Motors Limited, Nissan Motor Co., Ltd., Bayerische Motoren Werke AG,Ford Motor Company Limited, and Hyundai Motor Company.
Daimler AG
Daimler AG (Daimler or ‘the company’) is engaged in the development and manufacturing of various automotive products such as passenger cars, trucks, vans, and buses. The company is headquartered in Stuttgart, Germany.
Stellantis NV
Stellantis NV (Stellantis), formerly Fiat Chrysler Automobiles NV, is an automotive company, formed because of merger with PSA Group. Stellantis is headquartered in Amsterdam, The Netherlands.
Renault SA
Renault SA (Renault or ‘the company’) is one of the leading European automobile manufacturers. The company is headquartered in Boulogne-Billancourt, Ile-de-France, France.
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.
Volkswagen AG
Volkswagen AG (Volkswagen or ‘the group’) is an automobile manufacturer and car manufacturer in Europe. The company is headquartered in Wolfsburg, Germany.
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, the US.
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Segments Covered in the Report
Car Manufacturing Market Territorial Outlook (Value, $ Billion, 2017-2026)
- Asia-Pacific
- Europe
- United States
- Middle East
- ROW (Rest of the World)
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the car manufacturing industry
- Use the five forces analysis to determine the competitive intensity and therefore attractiveness of the car manufacturing industry
- Leading company profiles reveal details of key car manufacturing industry players’ operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the car manufacturing industry with five-year forecasts by both value and volume
Reasons to Buy
- The size of the car manufacturing industry by value in 2021
- The size of the car manufacturing industry in 2026
- The factors affecting the strength of competition in the car manufacturing industry
- The industry performance over the last five years
- The top competitors in the car manufacturing industry
Toyota Motor Corporation
Hyundai Motor Company
Stellantis NV
General Motors Company
Renault SA
Suzuki Motor Corporation
Mazda Motor Corporation
Tata Motors Limited
Nissan Motor Co., Ltd.
Honda Motor Co., Ltd.
Tesla, Inc.
Bayerische Motoren Werke AG
Daimler AG
Ford Motor Company Limited
Table of Contents
Table
Figures
Frequently asked questions
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What is the global car manufacturing market size?
The global car manufacturing market reached $1,079 billion in 2021.
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What was growth rate of the car manufacturing market in 2021?
The global car manufacturing industry grew at a rate of more than 8% in 2021.
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What are the key territories in the global car manufacturing market?
Asia-Pacific, Europe, United States, Middle East, and ROW (Rest of the World) are the key geography segments in the global care manufacturing market.
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Which are the key companies in the global car manufacturing market?
There are many companies operating in the global car manufacturing market such as Daimler AG, Mazda Motor Corporation, Honda Motor Co., Ltd. , Tesla, Inc., Stellantis NV, Renault SA, Toyota Motor Corporation, Volkswagen AG, General Motors Company, Zhejiang Geely Holding Group Co Ltd (ZGH), Suzuki Motor Corporation, Tata Motors Limited, Nissan Motor Co., Ltd., Bayerische Motoren Werke AG, Ford Motor Company Limited, and Hyundai Motor Company.
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