G8 Countries Car Manufacturing Market Summary, Competitive Analysis and Forecast to 2026

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The G8 countries contributed $407.3 billion in 2021 to the global car manufacturing industry, and it is expected to grow at a CAGR of more than 8% between 2021 and 2026. The G8 countries car manufacturing market research report provides qualitative and quantitative information including market size and forecast of the car manufacturing industry among the G8 nations. The profile also contains descriptions of the leading players including key financial metrics and an analysis of competitive pressures within the market.

G8 Countries Car Manufacturing Market Summary

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Key Nations in the G8 Countries Car Manufacturing Market

The Group of Eight (G8) comprises eight of the fastest growing industrial nations in the world: the US, Canada, Germany, France, the UK, Italy, Russia, and Japan. Among the G8 countries, the US is the leading country in the car manufacturing industry, followed by Japan and Germany.

The US: Temporary shutdowns in the US car manufacturing plants amid labor shortages and severe disruption in the supply chain, including a shortage of semiconductors which persisted throughout the COVID-19 pandemic, led to a steep decline in production.

Canada: Canada is a net exporter of cars, with Stellantis, Honda, and Ford among the largest manufactures operating locally. In terms of value, the majority of cars manufactured in Canada are exported to the US.

Germany: Despite the declines seen in the German car manufacturing industry, which is the largest in Europe  industry in recent years, the hybrid and electric cars segment has been a bright spot.

The G8 Countries Car Manufacturing Market, by key countries

The G8 Countries Car Manufacturing Market, by key countries

For more insights on key countries, download a free report sample

Key Companies in the G8 Countries Car Manufacturing Market

The key companies in the G8 countries car manufacturing market are Honda Motor Co., Ltd., Toyota Motor Corporation, Daimler AG, Volkswagen AG, Bayerische Motoren Werke AG, Stellantis NV, Ferrari SpA, Suzuki Motor Corporation and Mazda Motor Corporation among others.

Honda Motor Co., Ltd.: Honda is primarily involved in the development, production, and sales of a variety of automobiles, motorcycles, and power products. The company also provides a range of financial services to its customers and dealers. Honda operates through a global network subsidiaries and affiliates operating over the world. It primarily operates in North and South America, Asia, the Middle East and Europe.

Toyota Motor Corporation: Toyota designs, manufactures and sale of sedans, minivans, compact cars, sports utility vehicles, trucks and related parts and accessories throughout the world. It also provides financing, vehicle and equipment leasing, and certain other financial services primarily to its dealers and their customers to support the sales of vehicles and other products manufactured by Toyota.

Daimler AG: Daimler manufacturers, distributes and sells a range of cars, trucks, vans and buses. The company also offers a choice of tailored automotive services and automotive financial services, including financing, leasing, insurance, and fleet management.

Market Report Overview

Market Size (2021) $407.3 billion
CAGR (2021-2026) >8%
Key Countries The US, Canada, Germany, France, the UK, Italy, Russia and Japan
Key Companies Honda Motor Co., Ltd., Toyota Motor Corporation, Daimler AG, Volkswagen AG, Bayerische Motoren Werke AG, Stellantis NV, Ferrari SpA, Suzuki Motor Corporation and Mazda Motor Corporation


  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the G8 car manufacturing Industry
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the G8 car manufacturing Industry
  • Leading company profiles reveal details of key car manufacturing Industry players’ G8 operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the G8 car manufacturing Industry with five year forecasts by both value and volume
  • Compares data from the US, Canada, Germany, France, UK, Italy, Russia and Japan, alongside individual chapters on each country

Reasons to Buy

  • What was the size of the G8 car manufacturing Industry by value in 2021?
  • What will be the size of the G8 car manufacturing Industry in 2026?
  • What factors are affecting the strength of competition in the G8 car manufacturing Industry?
  • How has the industry performed over the last five years?
  • Who are the top competitors in the G8 car manufacturing Industry?

Honda Motor Co., Ltd.
Ford Motor Company Limited
Toyota Motor Corporation
Daimler AG
Volkswagen AG
Bayerische Motoren Werke AG
Stellantis NV
Ferrari SpA
Suzuki Motor Corporation
Mazda Motor Corporation
Renault SA
Hyundai Motor Company
Tata Motors Limited
Nissan Motor Co., Ltd.
Tesla, Inc.

Table of Contents

Table of Contents

1 Introduction

1.1. What is this report about?

1.2. Who is the target reader?

1.3. How to use this report

1.4. Definitions

2 Group of Eight (G8) Car Manufacturing

2.1. Industry Outlook

3 Car Manufacturing in Canada

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 France

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 Germany

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 Italy

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 Car Manufacturing in Japan

11.1. Market Overview

11.2. Market Data

11.3. Market Segmentation

11.4. Market outlook

11.5. Five forces analysis

12 Macroeconomic Indicators

12.1. Country data

13 Car Manufacturing in Russia

13.1. Market Overview

13.2. Market Data

13.3. Market Segmentation

13.4. Market outlook

13.5. Five forces analysis

14 Macroeconomic Indicators

14.1. Country data

15 Car Manufacturing in The United Kingdom

15.1. Market Overview

15.2. Market Data

15.3. Market Segmentation

15.4. Market outlook

15.5. Five forces analysis

16 Macroeconomic Indicators

16.1. Country data

17 Car Manufacturing in The United States

17.1. Market Overview

17.2. Market Data

17.3. Market Segmentation

17.4. Market outlook

17.5. Five forces analysis

18 Macroeconomic Indicators

18.1. Country data

19 Company Profiles

19.1. Honda Motor Co., Ltd.

19.2. Ford Motor Company Limited

19.3. Toyota Motor Corporation

19.4. Daimler AG

19.5. Volkswagen AG

19.6. Bayerische Motoren Werke AG

19.7. Stellantis NV

19.8. Ferrari SpA

19.9. Suzuki Motor Corporation

19.10. Mazda Motor Corporation

19.11. Renault SA

19.12. Hyundai Motor Company

19.13. Tata Motors Limited

19.14. Nissan Motor Co., Ltd.

19.15. Tesla, Inc.

20 Appendix

20.1. Methodology

20.2. About GlobalData

Frequently asked questions

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