This statistic shows the total automotive aftermarket size in China in 2016 and 2017, with a forecast up to 2022. By 2022, the forecasted size of automotive aftermarket will reach around 1.87 trillion yuan in China.

This statistic shows the market revenue of automotive glass in the United States in 2014 and 2015, with forecasted figures for 2016 to 2025. It is forecasted that in 2025 the total market revenue of automotive glass in the U.S. will be some 2.29 billion U.S. dollars.

The U.S. auto industry sold nearly ************* cars in 2024. That year, total car and light truck sales were approximately ************ in the United States. U.S. vehicle sales peaked in 2016 at roughly ************ units. Pandemic impact The COVID-19 pandemic deeply impacted the U.S. automotive market, accelerating the global automotive semiconductor shortage and leading to a drop in demand during the first months of 2020. However, as demand rebounded, new vehicle supply could not keep up with the market. U.S. inventory-to-sales ratio dropped to its lowest point in February 2022, as Russia's war on Ukraine lead to gasoline price hikes. During that same period, inflation also impacted new and used car prices, pricing many U.S. consumers out of a market with increasingly lower car stocks. Focus on fuel economy The U.S. auto industry had one of its worst years in 1982 when customers were beginning to feel the effects of the 1973 oil crisis and the energy crisis of 1979. Since light trucks would often be considered less fuel-efficient, cars accounted for about ** percent of light vehicle sales back then. Thanks to improved fuel economy for light trucks and cheaper gas prices, this picture had completely changed in 2020. That year, prices for Brent oil dropped to just over ** U.S. dollars per barrel. The decline occurred in tandem with lower gasoline prices, which came to about **** U.S. dollars per gallon in 2020 - and cars only accounted for less than one-fourth of light vehicle sales that year. Four years on, prices are dropping again, after being the highest on record since 1990 in 2022.

As of 2023, electric vehicle sales revenue in the United Arab Emirates reached approximately 250 million U.S. dollars. Apart from 2018 and 2019, revenue from electric vehicle sales has continued to increase from 2016. This trend is forecast to sustain itself for at least the next five years, crossing 370 million U.S. dollars in 2028.  UAE’s push for sustainability The promotion of electric vehicles is part of a wider series of measures that the UAE has taken to promote sustainability and green energy in recent years. These policies not only have a positive environmental impact but are also part of an effort to diversify and future-proof the economy. In 2022, the effect of various regulations on the total electricity saved through Dubai's Demand Side Management (DSM) strategy was noticeable. The country ranked one of the highest in renewable energy finance and investment scores in the Middle East and Africa in 2018, at 94 percent.  Electric vehicle market in the UAE  The UAE has a mature electric vehicle market with offerings from European, South Korean, and American manufacturers. Sales figures of electric vehicles in the UAE in 2022 show that Tesla makes up the country's biggest share of electric vehicles sold. The volume of electric vehicle sales in the UAE has seen an overall increase since 2016, when only 320 vehicles were sold. In 2022, the number of registered electric vehicles in the Emirate of Dubai alone had surpassed 15,000. Electric vehicles have carved out a market share for themselves in the UAE, and it is expected to continue expanding.

The revenue in the passenger cars market in the Philippines was forecast to continuously increase between 2025 and 2029 by in total 0.8 billion U.S. dollars (+13.68 percent). According to this forecast, in 2029, the revenue will have increased for the fifth consecutive year to 6.63 billion U.S. dollars. Find further information regarding average price per unit (PPU) in Vietnam and revenue in Vietnam. The Statista Market Insights cover a broad range of additional markets.

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.

In value terms, motor vehicles, parts and accessories imports amounted to $358B in 2016. The total import value increased at an average annual rate of +2.7% over the period from 2007 to 2016, the tren...

The revenue in the passenger cars market in Vietnam was forecast to continuously increase between 2025 and 2029 by in total 0.6 billion U.S. dollars (+9.35 percent). According to this forecast, in 2029, the revenue will have increased for the fourth consecutive year to 7.01 billion U.S. dollars. Find other key market indicators concerning the average price per unit (PPU) and volume. The Statista Market Insights cover a broad range of additional markets.

Through 2016 to 2018, the Traton Group saw a period of steady growth with their total assets climbing from about 41.3 billion euros in 2016 up to about 46.4 billion euros in 2018. In 2019, the total value of assets declined, dropping to about 45.2 billion. In 2020, the total assets of the Traton Group continues to suffer losses, dropping down to a further 42.8 billion euros. Finally, this short period of decline was followed by a period of growth from 2021 to 2024, with total assets amounting to some 65.5 billion euros in 2024. The US expansion In 2021, the Traton Group acquired the US commercial vehicle manufacturer Navistar, leaning into a major expansion in the North American market, and leading to increases in sales revenue and operating result. Recovery from a turbulent era The brief period of decline in total assets in 2020 was in the midst of both the COVID-19 pandemic and global semiconductor shortages. It was not only the Traton Group that suffered such losses as the number of cars sold worldwide suffered a decline during that same period.

In 2029, the electric vehicle revenue in the United Kingdom is projected to reach **** billion Great British pounds, up **** billion compared to 2024. Battery-electric vehicles have become the largest segment in the sector since 2020, and are expected to make up ** percent of the total revenue in 2029.

The electric vehicles revenue in the 'Battery Electric Vehicles' segment of the electric vehicles market in Poland was forecast to continuously increase between 2025 and 2029 by in total 905.8 million euros (+78.49 percent). After the thirteenth consecutive increasing year, the electric vehicles revenue is estimated to reach 2.1 billion euros and therefore a new peak in 2029. Notably, the electric vehicles revenue of the 'Battery Electric Vehicles' segment of the electric vehicles market was continuously increasing over the past years.

The electric vehicles revenue in the 'Plug-in Hybrid Electric Vehicles' segment of the electric vehicles market in Poland was forecast to continuously increase between 2025 and 2029 by in total 1.7 billion euros (+100.43 percent). After the thirteenth consecutive increasing year, the electric vehicles revenue is estimated to reach 3.3 billion euros and therefore a new peak in 2029. Notably, the electric vehicles revenue of the 'Plug-in Hybrid Electric Vehicles' segment of the electric vehicles market was continuously increasing over the past years.

In 2024, Analog Devices' biggest end market was from industrial customers with about a 46 percent share, generating over 4.3 billion U.S. dollars of the overall revenue of 9.4 billion U.S. dollars. The automotive sector constituted about 30 percent of the total revenue.

In 2024, LG CNS recorded total assets of about *** trillion South Korean won. This was an increase from the previous year.

In financial year 2023, the market volume of used car was around *** million units. It was a significant increase in comparison with the previous year. During the presented period, a general growth trend could be observed. The pre-owned car market grew continuously over the observed time frame. This segment was bifurcated among organized, semi-organized, unorganized, and customer-to-customer category.

In 2023, vehicle sales of Porsche in Mexico accounted for 0.1 percent of the total new passenger car and light truck unit sales. Porsche is owned by Volkwagen Group, whose share in that particular market amounted to 11 percent.

In 2021, vehicle sales of Audi in Mexico accounted for one percent of the total new passenger car and light truck unit sales. Audi is owned by Volkwagen Group, whose share in that particular market amounted to 12.8 percent.

The electric vehicles revenue in the electric vehicles market in Poland was forecast to continuously increase between 2025 and 2029 by in total 2.6 billion euros (+91.47 percent). After the thirteenth consecutive increasing year, the electric vehicles revenue is estimated to reach 5.4 billion Euros and therefore a new peak in 2029. Notably, the electric vehicles revenue of the electric vehicles market was continuously increasing over the past years.

This statistic represents the projected size of the global connected car market in 2016 and 2021, with a breakdown by segment. The well-being segment is expected to grow from two billion euros in 2016 to 7.6 billion euros in 2021. Well-being functions, such as anti-fatigue devices, aim to keep drivers alert. Overall, the connected car market is predicted to grow from 40.3 billion euros to 122.6 billion euros.

Between 2023 and 2029, the size of the global electric vehicle market is expected to increase from *** billion U.S. dollars to reach an estimated global market size of some *** billion U.S. dollars by 2029. Driving for electrification Electric vehicles (EVs) have become a much more attractive choice to consumers in recent years thanks to increased range, battery life, efficiency, and affordability. EVs have taken the automotive market in northern European states by storm, and sales figures in China have also been on the rise. Electric vehicles are seen as the future in China, with market size and demand continuously growing, and it is expected that electric vehicles will make up between ** and ** percent of the country’s passenger vehicle market by 2025. Widespread adoption in Norway As of 2022, however, it is Norway that has the largest share of electric vehicles in its fleet: such automobiles represented the majority of new registrations in 2022. Electric vehicles are so popular in Norway in part because of strong incentives put forward by the government, but also because of the availability of charging ports. The widespread availability of charging outlets is paramount in making electric vehicles a viable option for car users.