Vehicles & Road Traffic

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.

Leading motor vehicle type based on sales worldwide
Passenger vehicles
Leading market in terms of passenger vehicle sales
China
Leading automotive brand
Toyota

Market size

When will auto sales rebound?
Global automotive industry revenue between 2017 and 2030 (in billion U.S. dollars)
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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 worldwide
COVID-19 - Trend Whitepaper
Autonomous vehicles

Market segments

The market shifts towards electric and sport utility vehicles
Estimated plug-in electric light vehicle sales worldwide from 2015 to 2020 (in million units)
Further details: Visit original statistic

The 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 type
Global SUV fleet
Global sales of plug-in vehicles

Industry leaders

Tie-up between market leaders
Toyota's net revenue from FY 2012 to FY 2020 (in billion Japanese yen)
Further details: Visit original statistic

The 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.

Fiat Chrysler and Peugeot will become the fourth largest automaker after merger
Toyota Report 2020
Most valuable auto brand

Industry definition

The 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.

More interesting topics from the industry "Vehicles & Road Traffic"

More interesting topics from the industry "Vehicles & Road Traffic"

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