Global Automotive Market 2023-A Mid-year Review

Description

Transformative Mega Trends of EV Investments and Decarbonization Initiatives will Boost Light Vehicle Sales in the Second Half of 2023

Light vehicle sales (passenger and light commercial) account for significant global automotive industry revenue. The global passenger vehicle sales were 57.5 million units in 2022, a 1.9% growth year-over-year. In 2022, China became the world's largest regional automobile market, with 23.6 million units sold; the United States came second with sales of 15.2 million units. Other major markets were Japan, Germany, India, and Brazil.

In 2023, the industry faces several challenges, such as the semiconductor shortage, rising inflation, and the Russo-Ukrainian War. Some positive industry signs are the growing popularity of electric vehicles and the Chinese market's expansion. Government regulations, technological innovation, rising raw material costs, and consumer preferences are other vital factors.

This report analyzes the performance of global automotive OEMs in the light vehicle segment during the first half (H1) of 2023. It covers North America, Europe, Asia-Pacific, and South America. The sales of light vehicles in these regions for H1 2023 are analyzed and compared with the corresponding figures for 2022 and with Frost & Sullivan's yearly forecast. The report includes analyst perspectives on major H1 highlights and trends expected to boost H2 performances.

The challenges and opportunities of the global automotive industry in 2023 are just a few factors that will shape its future. It is a complex and constantly evolving industry, and the next few years will mark a significant change.

Product Code: MH12-44

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Automotive Industry
Growth Opportunities Fuel the Growth Pipeline Engine™

Research Scope

Research Scope
Vehicle Segmentation

Growth Environment

Global LV Sales H1 2023, Snapshot
LV Sales H1 2023-Regional Snapshot
H1 2023 LV Sales of Top OEMs Global
H1 2023 LV Sales of Top Countries Global
Highlights of H1 2023
Key Trends That Will Shape H2 2023
Global LV Top Trends-Outlook 2023 Prediction and H1 Actual
Global Automotive Outlook Forecast 2023 Versus H1 2023 Actuals

North America Analysis

H1 2023 Market Snapshot, North America
Macro Factors Influencing the North American Automotive Market
Select Events and Partnerships, H1 2023
Key Trends Expected to Shape Up in H2 2023

APAC Analysis

H1 2023 Market Snapshot, APAC
Macro Factors Influencing the APAC Automotive Market
Select Events and Partnerships, H1 2023
Key Trends Expected to Shape Up in H2 2023

Europe Analysis

H1 2023 Market Snapshot, Europe
Macro Factors Influencing the European Automotive Market
Select Events and Partnerships, H1 2023
Key Trends Expected to Shape Up in H2 2023

South America Analysis

H1 2023 Market Snapshot, South America
Macro Factors Influencing the South American Automotive Market
Key Events and Partnerships, H1 2023
Key Trends Expected to Shape Up in H2 2023

Growth Opportunity Universe

Growth Opportunity 1-Clean Energy and Electrification Regulations
Growth Opportunity 2-EV Charging Networks
Growth Opportunity 3-Conversational AI-based Assistants in Connected Cars
List of Exhibits
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