In 2023, Ford’s U.S. market share was around 13 percent, trailing General Motors and Toyota Motor. As the two largest U.S. manufacturers, Ford and GM are relentless competitors in the global automobile industry.
At about *** million units, the U.S. is the number one sales market for the Ford Motor Company. Globally, sales grew by about ****** units between 2023 and 2024. Slow sales in international markets China is Ford's second-largest market, despite reporting lower sales in 2024. Ford may have been worried about this market, as the United States and China were on the brink of an economic conflict. Tensions remain high as President Biden continues his term in office. The two nations are among the three largest economies in the world. With them is the European Union. There, Ford sales are also under threat. The UK's withdrawal from the European Union disrupts Fords supply chains: three plants operate in the UK, which has now been cut off from assembly locations in the EU. The UK was traditionally Ford's largest market in Europe. Wholesales in the UK came to around ******* units in 2024, and dealerships recorded lower monthly sales of Ford vehicles to end customers in the United Kingdom of Great Britain and Northern Ireland in 2024 when compared to 2019. However, the Ford Puma was the best-selling model in the UK in 2024. Declining domestic market share The Ford Motor Company is among the leading manufacturers in its domestic market, surpassed only by the General Motors Company and Toyota Motor Corporation. This success in the United States' market can be mostly attributed to the manufacturer's eponymous brand, Ford, which was the best-selling brand in the country that year. Its F-Series pickup truck was also among the bestsellers of that type, giving Ford a competitive advantage in its domestic market as light trucks, including pickups, were more popular with consumers than passenger cars.
This statistic represents the Ford Motor Company's share of the Canadian automobile market in 2020 and 2021. Ford Motor Company accounted for just under ** percent of Canada's new vehicle market in 2021, making it the leading car manufacturer in the country.
In 2024, the Ford Motor Company sold some *** million internal combustion vehicles to dealers and distributors throughout the United States. In contrast, electric vehicles represented the smallest share of Ford Motor's wholesales, at nearly ****** units.
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The global Automotive Start-Stop System market size was valued at USD 42.62 billion in 2022 and is projected to expand at a CAGR of 13.1% during the forecast period, reaching USD 120.38 billion by 2030. The growing demand for fuel-efficient vehicles, stringent emission regulations, and technological advancements are key drivers of market growth. The increasing adoption of electric and hybrid vehicles, however, is expected to restrain market growth to some extent. The automotive start-stop system market is segmented by propulsion type (ICE, electric), vehicle type (two wheelers, passenger cars, commercial vehicles), and sales channel (OEM, aftermarket). The ICE segment is expected to dominate the market throughout the forecast period due to the large installed base of gasoline and diesel-powered vehicles. The passenger cars segment is projected to account for the largest share of the market, followed by the commercial vehicles segment. The OEM segment is expected to witness significant growth due to the increasing adoption of start-stop systems in new vehicles. Key players in the market include Continental AG, Denso Corporation, Robert Bosch GmbH, BorgWarner Inc., Hitachi Ltd, Volvo Cars Corporation, Valeo, Maxwell technologies Inc., SEG Automotive Germany GmbH, and Schaeffler Technologies AG & Co. KG. Market Overview The automotive start-stop system market is projected to grow from USD 12.6 billion in 2023 to USD 24.3 billion by 2030, at a CAGR of 9.2% during the forecast period. The market is driven by increasing stringent emission regulations, rising fuel prices, and growing consumer demand for fuel-efficient vehicles. Recent developments include: In September 2023, Ford Motor Company has announced the plan to launch Ford F-150 truck, launching in early 2024, is built with advanced features and technology to tackle tough challenges. Its Built Ford Tough® capability and new Pro Access Tailgate offer enhanced utility and a rugged design. , In March 2018, BorgWarner, one of the prominent player in clean and efficient technology solutions for combustion, hybrid, and electric vehicles, enhances vehicle efficiency for Ford with its Eco-Launch stop/start solenoid valve and hydraulic accumulator. Designed for quick and smooth engine restarts, this award-winning solution is integrated into Ford's 8-speed, front-wheel drive (FWD), mid-torque transmission used in various vehicles across North America .
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[Keywords] Market include BMW, Ford Motor Company, Daimler Group, Baidu, Tesla
At around **** percent, General Motors held the largest share of the auto market in the United States in 2024. General Motors remained the most successful automotive manufacturer in the United States. Between 2004 and 2021, however, the manufacturer lost market share, while that of Toyota rose as a result of an increased focus on light truck models in the lineup. This shifted in 2022, but 2023 led to another slight drop in market share of the American automaker. Asian manufacturers dominate non-domestic competition Among the non-domestic manufacturers, Asian automakers proved to be the most successful group. Asian car brands selling vehicles to customers in the United States include Toyota, Honda, Nissan, Hyundai, and Subaru. Toyota was also among the most valuable automotive brands worldwide as of June 2024. Both Toyota and Lexus were among the ten brands with the highest consumer satisfaction in the United States that same year. How many brands do auto manufacturers own? General Motors, Ford, and Toyota are the leading automotive manufacturers based on market share in the United States. The Ford Motor Company mainly sells vehicles under its namesake brand, while the Toyota Motor Corporation offers several brands, including Lexus and Toyota. General Motors sells vehicles under various brands, including Chevrolet, Buick, and GMC. In 2017, GM and PSA Group closed a deal in which the French carmaker acquired GM's Opel and Vauxhall brands.
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In fiscal year 2024, Ford Motor Company's revenue by geographical region are as follows: CANADA: $13.41 B, MEXICO: $2.63 B, Other Geographical: $34.04 B, UNITED KINGDOM: $9.94 B, UNITED STATES: $124.97 B.
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[Keywords] Market include Ford Motor Company, Uber Technologies, BMW AG, Lyft, DiDi Chuxing
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Global Automotive Market was valued at USD 3.11 Trillion in 2024 and is expected to reach USD 3.82 Trillion by 2030 with a CAGR of 3.5%
Pages | 180 |
Market Size | 2024: USD 3.11 Trillion |
Forecast Market Size | 2030: USD 3.82 Trillion |
CAGR | 2025-2030: 3.5% |
Fastest Growing Segment | Medium & Heavy Commercial Vehicles |
Largest Market | Asia Pacific |
Key Players | 1. Volkswagen AG 2. Toyota Motor Corporation 3. Mercedes-Benz Group AG 4. Ford Motor Company 5. Honda Motor Co., Ltd. 6. General Motors 7. Suzuki Motor Corporation 8. BMW AG 9. Nissan Motor Co., Ltd. 10. Hyundai Motor Company |
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[Keywords] Market include PSA Peugeot Citroen, General Motors, Fiat Chrysler Automobiles, Tata Motors, Great Wall Motors
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The North American automotive industry, valued at $0.99 million in 2025 (assuming this figure represents a segment of the overall market, not the total), is projected to experience robust growth, driven by several key factors. A Compound Annual Growth Rate (CAGR) of 5.43% from 2025 to 2033 suggests a significant expansion in market size over the forecast period. This growth is fueled by increasing consumer spending on vehicles, particularly in passenger cars and light commercial vehicles, spurred by economic recovery and favorable financing options. The rising adoption of electric and hybrid vehicles, coupled with advancements in autonomous driving technology, represents a significant trend shaping the industry's trajectory. However, challenges remain, including supply chain disruptions which continue to impact production and pricing, rising raw material costs, and evolving consumer preferences that demand greater fuel efficiency and sustainable manufacturing practices. The market segmentation reveals significant variation in growth across vehicle types, with passenger cars and light commercial vehicles potentially outpacing growth in heavier commercial vehicles and two-wheelers due to differing economic sensitivities and technological advancements. Geographic distribution also plays a significant role, with the United States likely dominating the market share given its larger economy and vehicle ownership trends compared to Canada and the rest of North America. Major players like Fiat Chrysler Automobiles, General Motors, Ford, Toyota, and Tesla are strategically positioning themselves to capitalize on these emerging trends, investing heavily in electric vehicle (EV) development, innovative technologies, and sustainable manufacturing. The competitive landscape is fierce, with ongoing mergers, acquisitions, and strategic partnerships shaping the industry's structure. The forecast period will likely witness a consolidation of market share amongst the larger players, potentially leading to some smaller manufacturers exiting the market or being acquired. Furthermore, government regulations promoting clean energy and reducing emissions will significantly impact the industry's product offerings and manufacturing processes in the coming years. The consistent growth projected indicates a positive outlook, but the industry must adapt proactively to the challenges to maintain its momentum. This comprehensive report provides a detailed analysis of the North America automotive industry, encompassing the historical period (2019-2024), base year (2025), and forecast period (2025-2033). The study covers passenger cars, light commercial vehicles (LCVs), medium and heavy commercial vehicles (M&HCVs), and two-wheelers across the United States, Canada, and the Rest of North America. With a focus on market size (in million units), key players, and emerging trends, this report is an essential resource for businesses, investors, and policymakers seeking to understand this dynamic sector. Search terms used include: North America automotive market, automotive industry trends, electric vehicle market, commercial vehicle sales, passenger car sales, US automotive industry, Canadian automotive market. Recent developments include: July 2022: Cadillac unveiled the Celestiq show car, a vision of innovation that previews the brand's future handcrafted and all-electric flagship sedan. The Ultium-based electric show car previews some of the materials, innovative technologies, and hand-crafted attention to detail harnessed to express Cadillac's vision for the future., July 2022: Amazon began deploying its custom electric delivery vehicles from Rivian for package delivery, with the electric vehicles hitting the road in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle, and St. Louis, among other cities., January 2022: Tesla Inc. had a supply agreement with Talon Metals Corp., a subsidiary of Talon Nickel LLC, for the supply of nickel. This agreement will lead to the production of battery material from mine to battery cathode in order to make the electric vehicle battery more eco-friendly.. Key drivers for this market are: Growing Travel and Tourism Industry is Driving the Car Rental Market. Potential restraints include: Increasing Popularity of Ride-Sharing Services Pose Challenges for the Conventional Car Rental Market. Notable trends are: Rising Electric Mobility to Drive Demand in the Market.
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Ford Motor stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.
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[Keywords] Market include Jaguar Land Rover, Toyota Motor, Ford Motor Company, Volkswagen, Bentley Motors
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The global passenger vehicle market is a dynamic and expansive sector, projected to experience significant growth over the next decade. While precise figures for market size and CAGR are not provided, we can infer substantial growth based on industry trends. Considering major players like General Motors, Volkswagen, Toyota, Hyundai, Ford, and others consistently investing in electric vehicles (EVs), autonomous driving technology, and improved fuel efficiency, a robust expansion is expected. Assuming a conservative estimate, let's posit a 2025 market size of approximately $2.5 trillion USD (this is an educated guess based on publicly available data from various market research firms on the automotive industry, and should not be treated as precise). With a projected CAGR of, say, 5% (again, a reasonable assumption based on historical growth and future projections in the industry), the market could reach nearly $3.3 trillion USD by 2033. This growth is fueled by increasing global population, rising disposable incomes in developing economies, and a shift towards urbanization, all driving demand for personal transportation. Further contributing factors include advancements in vehicle technology, offering enhanced safety, comfort, and connectivity. However, several restraints could moderate this growth. Supply chain disruptions, the ongoing semiconductor shortage, fluctuating fuel prices, and stricter emission regulations present challenges to manufacturers. The increasing cost of raw materials, particularly battery components for EVs, also poses a significant hurdle. Market segmentation will continue to evolve, with EVs and hybrid vehicles gaining increasing market share, necessitating manufacturers to adapt their production and marketing strategies to cater to evolving consumer preferences and environmental concerns. Regional variations will also persist, with some markets experiencing faster growth than others, largely dependent on economic conditions and government policies supporting sustainable transportation. Navigating these challenges will be crucial for sustained growth in the passenger vehicle market.
In May 2021, Ford's EU market share stood at 4 percent. Between January and May 2021, around 193,000 units were sold to EU customers by the Ford Motor Company. Germany was among Ford's most important sales markets in 2020.
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Global passenger vehicle industry overview
The emerging crossover segment is one of the primary factors that will trigger the growth of the passenger vehicle market in the coming years. The passenger vehicle market is witnessing humungous growth in the crossover segment as they provide better value for money when compared to sedans and SUVs. Moreover, these vehicles also offer enhanced driving pleasure, safety, reliability, and comfort level, resulting in an increased preference for crossovers among various consumer segments. They are light in weight and provide better fuel efficiency than sedans owing to their unibody design. Moreover, crossovers are also highly-efficient in areas prone to extreme weather conditions and are safer than sedans. Such benefits will drive the demand for crossovers, stimulating the growth of this industry.
One of the key trends that will gain traction in the passenger vehicle market is the development of autonomous vehicles. The autonomous vehicle gets investments and projects from major manufacturers including Audi, Daimler, and Bosch, which will commercialize autonomous vehicles in the coming years. In addition to automotive manufacturers, technology companies such as Apple and Google are also investing in autonomous vehicle technologies. Thus, the emerging crossover segment coupled with the development of autonomous vehicles is driving the passenger vehicle market growth at a CAGR of close to 3% during the forecast period.
Top passenger vehicle companies covered in this market research report
The passenger vehicle market is highly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this passenger vehicle industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
Ford Motor Company
General Motors
Honda Motor
Hyundai Motor
Toyota Motor
Volkswagen
Passenger vehicle market segmentation based on geographic regions
Americas
APAC
EMEA
With a complete study of the growth opportunities for the companies, the APAC region accounted for the largest passenger vehicle market share during 2017 owing to the robust automobile demand, stringent emission norms, and technological advancements. This region will witness an increase in its market share and remain the market leader for the next five years.
Passenger vehicle market segmentation based on vehicle type
Sedans and hatchbacks
SUVs and crossovers
MPVs and vans
The sedans and hatchbacks segment will account for the highest growth in the market owing to better fuel efficiency, engine performance, and easy affordability. Additionally, the report also provides an accurate prediction of the contribution of the various vehicle type segments to the growth of the passenger vehicle market size.
Key highlights of the global passenger vehicle market for the forecast years 2018-2022:
CAGR of the market during the forecast period 2018-2022
Detailed information on factors that will accelerate the growth of the passenger vehicle market during the next five years
Precise estimation of the global passenger vehicle market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the passenger vehicle industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details on the factors that will challenge the growth of passenger vehicle companies
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Rising vehicle production, increasing demand for electric and hybrid vehicles, and integration with advanced safety as well as infotainment technologies are expected to lead the growth for the global automotive OEM market, which will grow at a steady rate in the forecast period. The desk market is expected to cross USD 38,153.4 million in 2025 and reach USD 55,935.7 million by 2035, at a CAGR of 3.9%.
Metric | Value (USD) |
---|---|
Industry Size (2025E) | 38,153.4 million |
Industry Value (2035F) | 55,935.7 million |
CAGR (2025 to 2035) | 3.9% |
Country-wise Outlook
Country | CAGR (2025 to 2035) |
---|---|
USA | 4.1% |
Country | CAGR (2025 to 2035) |
---|---|
UK | 3.7% |
Region | CAGR (2025 to 2035) |
---|---|
EU | 3.8% |
Country | CAGR (2025 to 2035) |
---|---|
Japan | 3.6% |
Country | CAGR (2025 to 2035) |
---|---|
South Korea | 4.0% |
Category-wise Insights
Component | Value Share (%) |
---|---|
Powertrain | 32.8% |
Vehicle Type | Value Share (%) |
---|---|
Passenger Cars | 47.5% |
Competitive Outlook
Company/Organization Name | Estimated Market Share (%) |
---|---|
Toyota Motor Corporation | 11-14% |
Volkswagen AG | 10-13% |
Hyundai Motor Company | 8-11% |
General Motors Company | 7-10% |
Ford Motor Company | 6-9% |
Others | 43-51% |
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The SDV market encompasses a wide range of products, catering to the needs of various stakeholders: Hardware Products: Sensors, controllers, actuators, and other physical components essential for vehicle operation. Software Products: Operating systems, middleware, applications, and other software that power the vehicle's functionality. Services: Software development, integration, support, and other services that enable the deployment and maintenance of SDV systems. The market is witnessing the emergence of innovative products and services due to rapid technological advancements. Recent developments include: November 2023: NVIDIA Corporation and Volvo Group announced a partnership to develop autonomous trucks. The partnership will combine NVIDIA's DRIVE platform with Volvo Group's trucks to create a self-driving truck that can be used for long-haul trucking and other applications., September 2023: Amazon and Rivian announced a partnership to develop SDVs. Rivian will provide its electric vehicle platform, while Amazon will provide its logistics expertise., February 2022: Ford Motor Company acquired Argo AI, a startup developing autonomous driving technology. The acquisition was valued at $2.6 billion and gave Ford a significant boost in its efforts to develop autonomous driving technology.. Key drivers for this market are: Increasing demand for connected and autonomous vehicles
Growing concerns about fuel efficiency and environmental regulations. Potential restraints include: High cost of development and implementation
Concerns about safety and security. Notable trends are: Growing complexity and integration of advanced technologies in modern vehicles are driving the market growth.
In 2023, Ford’s U.S. market share was around 13 percent, trailing General Motors and Toyota Motor. As the two largest U.S. manufacturers, Ford and GM are relentless competitors in the global automobile industry.