Road vehicles, and particularly automobiles, are among the most comfortable and important means of transport worldwide. In recent years, the environmental impact of fuel combustion by motor vehicles has garnered increased attention, and a growing number of markets have started to put in place regulations to curb emissions from such vehicles. As a result, the market share of electric vehicles began to rise, especially in passenger cars, light-duty commercial vehicles, and two-wheelers. Medium- and heavy-duty vehicles are expected to follow suit soon. Meanwhile, the shift to more sustainability was echoed by increased technological disruption. Advancements in connectivity features and electronic content in vehicles are projected to have an impact on safety features and are believed to culminate in the introduction of fully autonomous vehicles.
After a spell of declining demand, the automotive industry is expected to see sales bounce back in 2021. In terms of unit sales, the largest customer base is in Asia, with China topping the charts at annual car sales of over 20 million units and commercial vehicle sales of about four million units. Recovery is also expected to occur in North America and Europe, albeit at a slower pace. By 2030, global automotive revenue is projected to reach close to nine trillion U.S. dollars.
Automotive industry worldwideThe most important industry segments include commercial vehicles and passenger cars. Passenger vehicles account for about 70 percent of motor vehicle sales. Within the passenger vehicle segment, two new segments have witnessed tremendous growth over the past years: sport utility vehicles (SUVs) and plug-in electric vehicles (PEVs). More than 200 million sport utility vehicles are in operation worldwide. Meanwhile, plug-in electric vehicle sales exceeded three million units in 2020.
Worldwide motor vehicle sales by typeThe Toyota Motor Company narrowly beat its largest rival, the Volkswagen Group, to become the world’s leading motor vehicle manufacturer. The two companies had a sales tally of around nine million units each in 2020. Both manufacturers sell vehicles under various brands. Toyota is currently the most valuable automotive brand.
Most valuable auto brandThe vehicles and road traffic category offers information on vehicle use, sales, and revenue, as well as traffic safety, and environmental factors. Within this sector, Statista provides information about the business activities of brands and manufacturers. Data on a global, regional, and country scale is available. Also available is information on key segments, including passenger cars and commercial vehicles, as well as electric vehicles (EVs) and autonomous vehicles (AVs). All of the information is complemented with information on the largest original equipment manufacturers (OEMs) and brand rankings.
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