The automotive sector is dynamic, with continuous introduction of innovative vehicles. In 2023, the global automotive industry saw the production of over 91.5 million vehicles, including 25.3 million commercial vehicles and 66.3 million passenger cars. This analysis presents the top 5 countries that are the main contributors to the global automotive manufacturing.
China is the world’s largest automobile manufacturer, producing roughly 30.2 million vehicles in 2023, encompassing both passenger cars and commercial vehicles. In 2022, China produced about 23.8 million vehicles, including 3.2 million commercial vehicles. Key domestic automakers include SAIC Motor, Dongfeng, FAW, and Changan. China accounts for nearly one-fourth of the total global output.
The United States is the second-largest manufacturer, with a production of approximately 10.6 million vehicles in 2023. This includes about 1.8 million passenger cars and 8.3 million commercial vehicles. The automotive industry in the United States is dominated by General Motors, Ford Motor Company, and Fiat Chrysler.
Japan manufactured approximately 9 million vehicles in 2023. Although the output is still lower than the 9.7 million vehicles in 2019, the nation shows improvements from the aftermath of the Covid-19 pandemic. Japan still remains among the top 3 global producers.
India’s automotive industry is experiencing rapid growth, producing 5.9 million vehicles in 2023. Major players in this sector include Maruti Suzuki, Tata Motors, and Mahindra & Mahindra. This indicates an annual growth rate of 7%. India is also exporting vehicles to numerous countries such as Mexico, Saudi Arabia, and South Africa, growing its global influence.
South Korea, home to brands like Hyundai and Kia, produced 4.2 million vehicles in 2023. It regained its position in the top 5 after briefly falling behind Mexico. Mexico manufactured 4 million vehicles in 2023, but South Korea’s production exceeded that figure.