In 2022, the ranking of the world’s largest car brands was topped by Toyota with a market share of around 11.5 percent. The Toyota brand is owned by Japan's Toyota Motor Corporation, the world's largest motor vehicle manufacturer, surpassing the 2020 incumbent, the Volkswagen Group.
New trends in the auto industry
In light of growing environmental awareness and increasing efforts to connect vehicles, automotive manufacturers are faced with a variety of new challenges. Market trends such as the shift to lighter materials, as well as the trend towards electric and autonomous vehicles are set to revolutionize the industry. Palo Alto-based Tesla Motors is currently at the vanguard of the trend towards electrification, while peer Californian companies such as Google and Apple may follow suit. Tesla delivered some 1.3 million vehicles in 2022, meaning that Volkswagen Group's sales tally is over six times as much. Tesla is believed to have a U.S. automobile market share of around two percent.
The state of the global auto industry
Car sales worldwide have dipped between 2019 and 2020 as a result of the economic downturn generated by the COVID-19 pandemic. 2021 sales recovered, despite remaining below 2019 levels, but supply chain shortages led to a decrease in sales in 2022. By the end of 2022, China was the largest automobile market based on new passenger car registrations, recording close to 23.24 million units sold. It was followed by the United States and Europe. China was also the leading passenger car producing country in 2021.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Access All Statistics. Starting from $1,788 USD / Year
Learn more about how Statista can support your business.
Statista. (February 22, 2023). Global automotive market share in 2022, by brand [Graph]. In Statista. Retrieved December 02, 2023, from https://www.statista.com/statistics/316786/global-market-share-of-the-leading-automakers/
Statista. "Global automotive market share in 2022, by brand." Chart. February 22, 2023. Statista. Accessed December 02, 2023. https://www.statista.com/statistics/316786/global-market-share-of-the-leading-automakers/
Statista. (2023). Global automotive market share in 2022, by brand. Statista. Statista Inc.. Accessed: December 02, 2023. https://www.statista.com/statistics/316786/global-market-share-of-the-leading-automakers/
Statista. "Global Automotive Market Share in 2022, by Brand." Statista, Statista Inc., 22 Feb 2023, https://www.statista.com/statistics/316786/global-market-share-of-the-leading-automakers/
Statista, Global automotive market share in 2022, by brand Statista, https://www.statista.com/statistics/316786/global-market-share-of-the-leading-automakers/ (last visited December 02, 2023)
Global automotive market share in 2022, by brand [Graph], Statista, February 22, 2023. [Online]. Available: https://www.statista.com/statistics/316786/global-market-share-of-the-leading-automakers/