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Transformative Mega Trends of EV Investments and Decarbonization Initiatives will Boost Light Vehicle Sales in the Second Half of 2023
24-Aug-2023
Global
Market Research
MH12-01-00-00-00
AU_2023_98
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.
Author: Sandhya Jesu
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
Vehicle Segmentation
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
H1 2023 Market Snapshot, North America
H1 2023 Market Snapshot, North America (continued)
Macro Factors Influencing the North American Automotive Market
Select Events and Partnerships, H1 2023
Select Events and Partnerships, H1 2023 (continued)
Key Trends Expected to Shape Up in H2 2023
H1 2023 Market Snapshot, APAC
H1 2023 Market Snapshot, APAC (continued)
Macro Factors Influencing the APAC Automotive Market
Select Events and Partnerships, H1 2023
Select Events and Partnerships, H1 2023 (continued)
Key Trends Expected to Shape Up in H2 2023
H1 2023 Market Snapshot, Europe
H1 2023 Market Snapshot, Europe (continued)
Macro Factors Influencing the European Automotive Market
Select Events and Partnerships, H1 2023
Select Events and Partnerships, H1 2023 (continued)
Key Trends Expected to Shape Up in H2 2023
H1 2023 Market Snapshot, South America
H1 2023 Market Snapshot, South America (continued)
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 1—Clean Energy and Electrification Regulations
Growth Opportunity 1—Clean Energy and Electrification Regulations (continued)
Growth Opportunity 2—EV Charging Networks
Growth Opportunity 2—EV Charging Networks (continued)
Growth Opportunity 3—Conversational AI-based Assistants in Connected Cars
Growth Opportunity 3—Conversational AI-based Assistants in Connected Cars (continued)
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Light Vehicles: Regional LV Sales, H1 2022 and H1 2023
- Light Vehicles: LV Sales, Global, H1 2022 and H1 2022
- Light Vehicles: Global LV Sales, Market Share by Regions, H1 2023
- Light Vehicles: LV Sales Top 6 OEMs, Global, H1 2022 and H1 2023*
- Light Vehicles: Top Countries, Global, H1 2022 and H1 2023*
- Light Vehicles: Top Market Trends, Global, 2023-2025
- Light Vehicles: Regional LV Sales, H1 2023 Actuals Versus Forecast 2023
- Light Vehicles: Total LV Sales, North America, H1 2022 Versus H1 2023 (Million Units)
- Light Vehicles: LV Sales by Top OEMs, North America, H1 2022 Versus H1 2023
- Light Vehicles: Top-selling Models, North America, H1 2023
- Light Vehicles: Top-selling BEV Models, North America, H1 2023
- Light Vehicles: LV Sales by Top Countries, North America, H1 2022 versus H1 2023
- Light Vehicles: Total LV Sales, APAC, H1 2022 versus H1 2023 (Million Units)
- Light Vehicles: LV Sales by Top OEMs, APAC, H1 2022 versus H1 2023
- Light Vehicles: Top-selling Models, APAC, H1 2023
- Light Vehicles: Top-selling EV Models, APAC, H1 2023
- Light Vehicles: LV Sales by Top Countries, APAC, H1 2022 versus H1 2023
- Light Vehicles: Total LV Sales, Europe, H1 2022 versus H1 2023 (Million Units)
- Light Vehicles: LV Sales by OEMs, Europe, H1 2022 versus H1 2023
- Light Vehicles: Top-selling Models, Europe, H1 2023
- Light Vehicles: Top-selling EV Models, Europe, H1 2023
- Light Vehicles: LV Sales by Top Countries, Europe, H1 2022 versus H1 2023
- Light Vehicles: Total LV Sales, South America, H1 2022 versus H1 2023 (Million Units)
- Light Vehicles: LV Sales by Top OEMs, South America, H1 2022 versus H1 2023
- Light Vehicles: Top-selling Models in Brazil, H1 2023
- Light Vehicles: LV Sales by Top Countries, South America, H1 2022 versus H1 2023
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| Deliverable Type | Market Research |
|---|---|
| Author | Sandhya Jesu |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Automotive Industry |
| Keyword 2 | Automobile Market |
| Keyword 3 | Automotive Outlook |
| List of Charts and Figures | Light Vehicles: Regional LV Sales, H1 2022 and H1 2023~ Light Vehicles: LV Sales, Global, H1 2022 and H1 2022~ Light Vehicles: Global LV Sales, Market Share by Regions, H1 2023~ Light Vehicles: LV Sales Top 6 OEMs, Global, H1 2022 and H1 2023*~ Light Vehicles: Top Countries, Global, H1 2022 and H1 2023*~ Light Vehicles: Top Market Trends, Global, 2023-2025~ Light Vehicles: Regional LV Sales, H1 2023 Actuals Versus Forecast 2023~ Light Vehicles: Total LV Sales, North America, H1 2022 Versus H1 2023 (Million Units)~ Light Vehicles: LV Sales by Top OEMs, North America, H1 2022 Versus H1 2023~ Light Vehicles: Top-selling Models, North America, H1 2023~ Light Vehicles: Top-selling BEV Models, North America, H1 2023~ Light Vehicles: LV Sales by Top Countries, North America, H1 2022 versus H1 2023~ Light Vehicles: Total LV Sales, APAC, H1 2022 versus H1 2023 (Million Units)~ Light Vehicles: LV Sales by Top OEMs, APAC, H1 2022 versus H1 2023~ Light Vehicles: Top-selling Models, APAC, H1 2023~ Light Vehicles: Top-selling EV Models, APAC, H1 2023~ Light Vehicles: LV Sales by Top Countries, APAC, H1 2022 versus H1 2023~ Light Vehicles: Total LV Sales, Europe, H1 2022 versus H1 2023 (Million Units)~ Light Vehicles: LV Sales by OEMs, Europe, H1 2022 versus H1 2023~ Light Vehicles: Top-selling Models, Europe, H1 2023~ Light Vehicles: Top-selling EV Models, Europe, H1 2023~ Light Vehicles: LV Sales by Top Countries, Europe, H1 2022 versus H1 2023~ Light Vehicles: Total LV Sales, South America, H1 2022 versus H1 2023 (Million Units)~ Light Vehicles: LV Sales by Top OEMs, South America, H1 2022 versus H1 2023~ Light Vehicles: Top-selling Models in Brazil, H1 2023~ Light Vehicles: LV Sales by Top Countries, South America, H1 2022 versus H1 2023~ |
| Podcast | No |
| WIP Number | MH12-01-00-00-00 |
Global Automotive Market 2023—A Mid-year Review
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