Global vehicle sales have experienced significant fluctuations over the past two decades, with 2023 marking a return to pre-pandemic levels. The industry saw a sharp decline in 2020 due to the COVID-19 pandemic, followed by a gradual recovery. However, the semiconductor shortage in 2022 led to inventory issues and a slight decrease in sales. Despite these challenges, the market rebounded strongly in 2023, surpassing ** million units sold worldwide. Recovery and future outlook The automotive industry's resilience is evident in its rapid recovery from the pandemic-induced slump. Light vehicle sales are projected to increase by *** percent in 2024 compared to the previous year, with further growth of *** percent expected in 2025. This positive trend is supported by the rebounding sales in China, the world's largest automotive market, and the growing demand for electric vehicles. The global production of motor vehicles reached ** million units in 2023. Electric vehicles driving growth The shift towards electric vehicles is playing a crucial role in the industry's growth. In 2023, plug-in electric light vehicle sales reached an estimated **** million units globally. This surge in demand is particularly noticeable in China and Europe's largest markets. Despite the challenges posed by the pandemic and semiconductor shortages, the electric car market experienced record growth, with market share increasing significantly. However, as government subsidies for electric vehicles begin to be rolled back in some countries, the industry may face new challenges in maintaining this growth momentum.

Motor vehicle sales grew by some **** percent worldwide between 2022 and 2023. Passenger vehicles increased by around **** percent compared to the previous year when some **** million cars were sold worldwide. The current state of the market In 2023, motor vehicle sales reached over **** million units worldwide. China was the largest automobile market worldwide, making up close to **** million of the new car registrations that same year. The United States and Europe ranked second and third, with light vehicle sales reaching approximately **** million units in the U.S. market. The German-based Volkswagen Group and Japanese Toyota Motor were the global leading automakers, with revenues reaching around ***** and ***** billion U.S. dollars respectively as of May 2024. The path to recovery The automotive chip shortage led to around **** million vehicles being cut from worldwide production in 2021, and forecasts estimate that these disruptions in the automotive supply chain will contribute to the removal of another ***** million units from production in 2022. However, despite these challenges, the demand for passenger cars increased in 2021 and 2022, as car sales slowly started to increase. This is partly due to consumers' interest in electric vehicles. Autonomous,electrified, and battery electric vehicles are also forecast to gain popularity in the next decades. Electrified vehicles are projected to make up close to ********* of car sales worldwide by 2025. By 2040, China is forecast to be one of the largest market for autonomous vehicle sales.

Key information about Spain Motor Vehicle Sales: Passenger Cars

• Spain Motor Vehicle Sales: Passenger Cars was reported at 949,359.000 Unit in Dec 2023.
• This records an increase from the previous number of 813,376.000 Unit for Dec 2022.
• Spain Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 982,015.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 1,634,608.000 Unit in 2006 and a record low of 699,589.000 Unit in 2012.
• Spain Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Key information about Italy Motor Vehicle Sales: Passenger Cars

• Italy Motor Vehicle Sales: Passenger Cars was reported at 1,565,331.000 Unit in Dec 2023.
• This records an increase from the previous number of 1,316,919.000 Unit for Dec 2022.
• Italy Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 1,824,968.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 2,494,115.000 Unit in 2007 and a record low of 1,304,648.000 Unit in 2013.
• Italy Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Worldwide motor vehicle production amounted to more than 92.5 million units in 2024. Some 73 percent of the motor vehicle production was generated by the passenger cars segment, amounting to almost 67.7 million units. Chinese market recovery China is the world’s largest producer and consumer of passenger cars. This means that any change in production and sales in the Chinese automotive market will be noticeable in global figures. The Chinese economy has grown in tandem with vehicle production and sales. However, between 2016 and 2019, this growth slowed. Motorists in China have been unable to afford new cars due to lower employment levels and higher prices that came as a result of higher tariffs. Between December 2019 and March 2020, the economy was hit hard by the outbreak of the coronavirus pandemic. The automotive market cratered in February but rebounded soon thereafter. Chinese motorists purchased about 26 million passenger cars and more than four million commercial vehicles in 2023. COVID-19 and the motor vehicle industry The coronavirus outbreak brought many nations and their economies to a grinding halt in 2020. The effect on the motor vehicle industry was particularly noticeable. Many manufacturing facilities across the world were shut down to prevent the spreading of the virus. However, the industry has partially recovered since, showing an upward production output trend, which remains below the pre-pandemic levels.

Key information about Israel Motor Vehicle Sales: Passenger Cars

• Israel Motor Vehicle Sales: Passenger Cars was reported at 270,433.000 Unit in Dec 2023.
• This records an increase from the previous number of 257,743.000 Unit for Dec 2022.
• Israel Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 210,000.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 280,042.000 Unit in 2021 and a record low of 130,000.000 Unit in 2006.
• Israel Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Key information about Argentina Motor Vehicle Sales: Commercial Cars

• Argentina Motor Vehicle Sales: Commercial Cars was reported at 164,445.000 Unit in Dec 2023.
• This records an increase from the previous number of 134,740.000 Unit for Dec 2022.
• Argentina Motor Vehicle Sales: Commercial Cars data is updated yearly, averaging 162,698.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 279,538.000 Unit in 2013 and a record low of 102,203.000 Unit in 2020.
• Argentina Motor Vehicle Sales: Commercial Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Commercial Vehicle (CV).

Key information about Peru Motor Vehicle Sales: Passenger Cars

• Peru Motor Vehicle Sales: Passenger Cars was reported at 116,724.000 Unit in Dec 2023.
• This records a decrease from the previous number of 118,915.000 Unit for Dec 2022.
• Peru Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 115,241.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 140,363.000 Unit in 2014 and a record low of 14,231.000 Unit in 2005.
• Peru Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Key information about Libya Motor Vehicle Sales: Passenger Cars

• Libya Motor Vehicle Sales: Passenger Cars was reported at 16,100.000 Unit in Dec 2019.
• This records an increase from the previous number of 12,500.000 Unit for Dec 2018.
• Libya Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 35,000.000 Unit from Dec 2005 to 2019, with 15 observations.
• The data reached an all-time high of 39,000.000 Unit in 2011 and a record low of 11,000.000 Unit in 2017.
• Libya Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Key information about Mexico Motor Vehicle Sales: Passenger Cars

• Mexico Motor Vehicle Sales: Passenger Cars was reported at 598,091.000 Unit in Dec 2023.
• This records an increase from the previous number of 486,962.000 Unit for Dec 2022.
• Mexico Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 649,333.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 1,065,912.000 Unit in 2016 and a record low of 439,120.000 Unit in 2009.
• Mexico Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Automotive Interior Ambient Lighting System Market size was valued at USD 3.77 Billion in 2024 and is projected to reach USD 7.87 Billion by 2032, growing at a CAGR of 9.65% from 2026 to 2032.

Global Automotive Interior Ambient Lighting System Market Drivers

Increasing Consumer Demand for Premium and Luxury Vehicles: The rising popularity of high-end vehicles with innovative features is pushing up demand for ambient lighting systems. According to the International Organization of Motor Vehicle Manufacturers (OICA), global passenger car production reached roughly 57 million units in 2020, with a major share falling into the premium and luxury segments.

Rising Focus on Enhancing In-vehicle Experience and Comfort: Automobile manufacturers are increasingly using ambient lighting to improve the entire driving experience. According to a 2019 J.D. Power survey, 73% of consumers prioritize interior illumination when purchasing a vehicle.

Technological Advancements in LED Lighting: The development of energy-efficient and adaptable LED lighting solutions is driving market expansion. According to the US Department of Energy, LED lighting is expected to account for 84% of all lighting sales by 2030, suggesting a strong trend toward LED adoption in various industries, including automotive.

Key information about Libya Motor Vehicle Sales: Commercial Cars

• Libya Motor Vehicle Sales: Commercial Cars was reported at 6,400.000 Unit in Dec 2019.
• This records an increase from the previous number of 5,500.000 Unit for Dec 2018.
• Libya Motor Vehicle Sales: Commercial Cars data is updated yearly, averaging 14,500.000 Unit from Dec 2005 to 2019, with 15 observations.
• The data reached an all-time high of 17,500.000 Unit in 2011 and a record low of 4,000.000 Unit in 2017.
• Libya Motor Vehicle Sales: Commercial Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Commercial Vehicle (CV).

Key information about Portugal Motor Vehicle Sales: Passenger Cars

• Portugal Motor Vehicle Sales: Passenger Cars was reported at 199,623.000 Unit in Dec 2023.
• This records an increase from the previous number of 157,076.000 Unit for Dec 2022.
• Portugal Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 194,702.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 228,327.000 Unit in 2018 and a record low of 95,309.000 Unit in 2012.
• Portugal Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Key information about United States Motor Vehicle Production

• United States Motor Vehicle Production was reported at 10,611,555.000 Unit in Dec 2023.
• This records an increase from the previous number of 10,052,958.000 Unit for Dec 2022.
• US Motor Vehicle Production data is updated yearly, averaging 11,292,123.000 Unit from Dec 1997 to 2023, with 27 observations.
• The data reached an all-time high of 13,024,978.000 Unit in 1999 and a record low of 5,731,397.000 Unit in 2009.
• US Motor Vehicle Production data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVP: Motor Vehicle Production: by Country.

Key information about Bolivia Motor Vehicle Sales: Passenger Cars

• Bolivia Motor Vehicle Sales: Passenger Cars was reported at 20,319.000 Unit in Dec 2019.
• This records a decrease from the previous number of 22,612.000 Unit for Dec 2018.
• Bolivia Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 12,800.000 Unit from Dec 2005 to 2019, with 15 observations.
• The data reached an all-time high of 22,612.000 Unit in 2018 and a record low of 1,000.000 Unit in 2009.
• Bolivia Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Key information about Argentina Motor Vehicle Sales: Passenger Cars

• Argentina Motor Vehicle Sales: Passenger Cars was reported at 274,728.000 Unit in Dec 2023.
• This records an increase from the previous number of 260,822.000 Unit for Dec 2022.
• Argentina Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 432,696.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 684,379.000 Unit in 2013 and a record low of 232,112.000 Unit in 2020.
• Argentina Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Key information about Netherlands Motor Vehicle Sales: Passenger Cars

• Netherlands Motor Vehicle Sales: Passenger Cars was reported at 372,156.000 Unit in Dec 2023.
• This records an increase from the previous number of 312,497.000 Unit for Dec 2022.
• Netherlands Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 443,531.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 555,812.000 Unit in 2011 and a record low of 312,497.000 Unit in 2022.
• Netherlands Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Key information about Angola Motor Vehicle Sales: Passenger Cars

• Angola Motor Vehicle Sales: Passenger Cars was reported at 2,080.000 Unit in Dec 2019.
• This records an increase from the previous number of 1,825.000 Unit for Dec 2018.
• Angola Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 8,000.000 Unit from Dec 2005 to 2019, with 15 observations.
• The data reached an all-time high of 24,000.000 Unit in 2014 and a record low of 1,825.000 Unit in 2018.
• Angola Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Key information about China Motor Vehicle Sales: Passenger Cars

• China Motor Vehicle Sales: Passenger Cars was reported at 26,062,824.000 Unit in Dec 2023.
• This records an increase from the previous number of 23,563,287.000 Unit for Dec 2022.
• China Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 19,707,677.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 26,062,824.000 Unit in 2023 and a record low of 3,971,101.000 Unit in 2005.
• China Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Key information about Austria Motor Vehicle Sales: Passenger Cars

• Austria Motor Vehicle Sales: Passenger Cars was reported at 239,150.000 Unit in Dec 2023.
• This records an increase from the previous number of 215,050.000 Unit for Dec 2022.
• Austria Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 308,594.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 356,145.000 Unit in 2011 and a record low of 215,050.000 Unit in 2022.
• Austria Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).