$2.7tr
$XX.Xbn
3m
769
$XXX.Xbn
Global car and automobile manufacturers benefited from strong consumer, business and government spending on passenger vehicles amid stable macroeconomic growth and historically low interest rates before the pandemic. Significant technological improvements, particularly regarding hybrid and electric vehicles, internal combustion engine fuel efficiency, infotainment development and autonomous driving capabilities, have also spurred global demand from the growing global middle class. Even so, the pandemic led to a monumental slowdown, slashing vehicle demand. As a result, automaker revenue contracted at an expected CAGR of 1.8% to $2.7 trillion through the current period, despite a 1.4% jump in 2024, where profit reached 3.0%.
Industry revenue has declined at a CAGR of 1.8 % over the past five years, to reach an estimated $2.7tr in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Volkswagen AG | 163,856.2 | 14,899.7 | 9.1 | |
Stellantis NV | 138,501.4 | N/A | N/A | |
Daimler AG | 112,853.0 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Cars, CUVs and SUVs. Cars is the largest segment of the Global Car & Automobile Manufacturing.
Compacts, luxury vehicles and MPVs fill a wide variety of consumer niches
Operators in the Global Car and Automobile Manufacturing industry manufacture chassis for automobiles and light-duty motor vehicles, and assemble final automobiles and light-duty motor vehicles. These vehicles include passenger cars, pickup trucks, sport utility vehicles, crossover utility vehicles and vans.
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Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Automakers respond to changing consumer preferences, tweaking product lines each year. SUVs, crossovers and electric vehicles have become especially popular in many markets.
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Automakers operate near key markets. Many automakers have manufacturing plants across North America, Europe and Asia to cater to developed and emerging markets.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry's dominant automakers maintain control. High per-unit and start-up costs, combined with established producers' scope and power, make it virtually impossible to j...
Learn about the performance of the top companies in the industry.
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Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Car manufacturers must adhere to increasingly strict emissions and safety standards. Harmonization efforts will create a more global standard through the outlook period.
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Including values and annual change:
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The market size of the Global Car & Automobile Manufacturing industry in Global is $2.7tr in 2024.
There are 769 businesses in the Global Car & Automobile Manufacturing industry in Global, which has declined at a CAGR of 1.4 % between 2019 and 2024.
The market size of the Global Car & Automobile Manufacturing industry in Global has been declining at a CAGR of 1.8 % between 2019 and 2024.
Over the next five years, the Global Car & Automobile Manufacturing industry in Global is expected to grow.
The biggest companies operating in the Global Car & Automobile Manufacturing market in Global are Volkswagen AG , Stellantis NV and Daimler AG
Manufacturing passenger cars and Manufacturing light trucks and sport utility vehicles are part of the Global Car & Automobile Manufacturing industry.
The company holding the most market share in Global is Volkswagen AG .
The level of competition is high and increasing in the Global Car & Automobile Manufacturing industry in Global.