The automotive industry is a significant sector globally, with continuous innovations in car and vehicle production. According to recent data, in 2023, over 91.5 million vehicles were manufactured worldwide. This total includes 25.3 million commercial vehicles and 66.3 million passenger cars. Here is an overview of the top 5 countries contributing the most to the global vehicle production.
China stands as the leading automobile manufacturing country, producing roughly 30.2 million vehicles in 2023. This includes both passenger and commercial vehicle segments. In 2022, China’s production reached approximately 23.8 million vehicles, with 3.2 million being commercial vehicles. Key domestic automakers include SAIC Motor, Dongfeng, FAW, and Changan. China’s production share accounts for nearly a quarter of the global output.
The United States holds the second position, manufacturing around 10.6 million vehicles in 2023. This figure includes approximately 1.8 million passenger cars and 8.3 million commercial vehicles. Major companies such as General Motors, Ford Motor Company, and Fiat Chrysler dominate the US automotive industry.
Japan’s automotive sector saw a production of about 9 million vehicles in 2023, demonstrating a recovery from the slowdown caused by the Covid-19 pandemic. Although this is less than the 9.7 million vehicles produced in 2019, Japan maintains its position among the top 3 global producers.
India has a rapidly expanding automotive industry, producing 5.9 million vehicles in 2023, with significant contributions from Maruti Suzuki, Tata Motors, and Mahindra & Mahindra. This represents a 7% annual growth. India is also increasing its global footprint by exporting vehicles to countries like Mexico, Saudi Arabia, and South Africa.
South Korea, home to brands like Hyundai and Kia, produced 4.2 million vehicles in 2023, reclaiming its place in the top 5 after falling behind Mexico for a period. Mexico manufactured 4 million vehicles in 2023, with South Korea surpassing this figure.