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Automotive Global Industry Overview

June 2022

The briefing examines how the automotive industry is performing globally and in the largest countries in terms of automotive output. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies. The industry and market overview provide benchmarks against other countries in the region.

USD 1,325
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Delivery

This report comes in PPT.

Key Findings

Examining four trends shaping the motor vehicles and parts industry

Electrification: Stricter emission requirements will increase investment in electrification. Global electric vehicle sales are forecast to reach 19.9 million units in 2026 and account for 23% of the market. Rising electrification costs will continue to put pressure on the automotive industry and will encourage further production consolidation.

Supply chain localisation: The invasion of Ukraine is forecast to accelerate supply chain localisation efforts. In order to secure the supply of critical components, car manufacturers are anticipated to create regional networks of suppliers. This could significantly benefit suppliers in Eastern Europe and Latin America.

Component shortages: The shortages of input materials and commodities are expected to increase, impacting the global automotive industry. The semiconductor shortage is one of the most acute problems, and is likely to continue until 2024. This will force manufacturers to review production plans and focus on more profitable models.

Vertical integration: Increasing shortages of components and materials required for electric vehicle production are expected to drive vertical integration of the industry. In order to secure the supply of critical materials, automotive companies will expand beyond their traditional operating segments and increase collaboration with the mining, chemicals and hi-tech goods industries.

Introduction

Scope
Examining four trends shaping the motor vehicles and parts industry
Key trends impacting the industry in 2022

Global overview

Motor vehicles and parts among the most COVID-19 affected industries
Supply chain issues threaten the industry’s recovery
China to remain the largest automotive manufacturer
Rising input and energy prices to pressure profit margins
Release of pent up demand drives exports recovery
Supply chain problems to hinder imports growth in 2022
Expanding production volumes in Europe to support B2B demand growth for components
Rising metal prices pressure automotive industry’s suppliers
Rising metal and energy prices forecast to peak in 2023

Leading companies

Toyota remains the largest automotive manufacturer in 2021
Post-pandemic recovery increases number of operating companies, but challenges remain
Rising operating costs will increase concentration in the industry

Global outlook

China, US and Europe to drive future production value growth
Production value forecast to recover, but will show slower growth in 2022
Key future trends shaping the global industry

Country snapshots

China: Weaker demand and supply problems to result in slower growth
Lockdown measures in China constrain automotive industry’s recovery
US: Industry forecast to maintain stable growth
Ongoing supply chain problems to constrain faster production growth
Germany: Supply problems to weigh on industry’s growth
Demand fluctuations in the export markets and supply issues to slow down growth
Japan: Industry forecast to show bumpy growth
Supply problems and production outsourcing pressure the industry
Mexico: New investment and exports support growth
Production localisation and demand growth in export markets to benefit the industry
South Korea: Growing global share of domestic producers to support industry’s growth
Exports of auto parts and investment in capacity expansion to drive growth
India: Expanding domestic demand to support the industry
Strong domestic demand and electrification to support industry’s growth
UK: Industry forecast to show subdued growth over period to 2026
Investment in electric vehicles forecast to revive the industry in the long term
France: Industry forecast to show slow growth over the forecast period
High operating costs and supply issues to hinder industry’s performance
Iran: Industry forecast to grow below its potential
Supply chain problems continue to constrain faster growth
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