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Automotive Outlook, 2023
Automotive Outlook, 2023
Easing of Chip Shortage Crisis, Increasing Electric Vehicle Adoption, and Improving Macroeconomics to Drive Light Vehicle Sales by 3.3%
RELEASE DATE
06-Jun-2023
06-Jun-2023
REGION
Global
Global
Deliverable Type
Market Outlook
Market Outlook
Research Code: PE9A-01-00-00-00
SKU: AU02532-GL-MO_27648
$4,950.00
Special Price $4,207.50 save 15 %
In stock
SKU
AU02532-GL-MO_27648
Global light vehicle (LV) sales reached 79.9 million units in 2022, registering 1.3% lower sales than in 2021. China was the top-selling market with 25.7 million units, ahead of the United States at 13.9 million and Japan at 4.1 million. The Russo-Ukrainian War resulted in production delays owing to part supply delays and semiconductor shortages, leading original equipment manufacturers (OEMs) to skip certain advanced driver-assistance system (ADAS) features to avoid delays in vehicle deliveries. Audi and Skoda paused production because of supply chain issues. VW, BMW, Ford, Toyota, Renault, and Hyundai halted production in Russia.
This Growth Outlook takes a deep dive into regional sales of global light vehicles, including key highlights of 2022 and the top trends driving the industry in 2023. It covers major automotive market segments encompassing shared mobility, electric vehicles (EVs), connectivity and telematics, autonomous vehicles, and the aftermarket. OEMs are vertically integrating EV-related capabilities to mitigate against supply chain disruptions, increase efficiency, and establish competitive advantages. Changing customer needs in areas such as gamification, productivity, and entertainment inside the vehicle are creating need for various in-vehicle convenience services made to improve occupant experience.
The shift towards EVs, connected features, digitization, and autonomy demands new skills in automotive manufacturing, with particular focus on software and IT professionals. Increasing connectivity and real-time data regarding vehicle operation and the health of various components are enabling the rise of prognostic and remote diagnostic solutions. The rapid growth in EVs demands best-in-class battery management solutions that can aid in optimal battery design, health and performance monitoring, and failure prediction while deployed and residual value prediction at the product’s end of life. Also, EV growth coupled with governments setting electrification targets are prompting countries to embark on charging infrastructure initiatives to support the burgeoning EV population.
Author: Joe Praveen
Key Findings: A Recap of 2022
Key Findings: Top 5 Predictions for 2023
Snapshot: Global LV Sales by Region in 2022 and 2023F
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Automotive Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Research Scope
Vehicle Segmentation
Market Segmentation
Top 5 Global Economic Highlights of 2022
Top 5 Global Economic Highlights of 2023
Global GDP Growth Expectations
Recessionary/Slowdown Expectations for Major Markets
Global GDP Growth Snapshot
Advanced Economy Predictions for 2023
Emerging Market and Developing Economy Predictions for 2023
2023 Regional Risks and Policy Direction
2023 Top Growth Opportunities by Region
Snapshot: Global LV Sales by Region in 2022 and 2023F
Winners in 2022
Performance of Top 20 OEM Groups
LV Sales of Key Chinese OEM Groups Globally
Top 5 Markets by Sales Volume in 2022
Key Regional Markets: Emerging Economies
Top Trends Driving the Global Automotive Industry
Trend 1: Sustainability in the Automotive Life Cycle
Trend 2: Vertical Integration in EV Manufacturing
Trend 3: Advent of In-car Convenience Services
Trend 4: Automakers Transforming into Mini Software Companies
Trend 5: Growth in Prognostics-as-a-Service
Key Highlights of the Global Shared Mobility Market in 2022
Electric and Alternative Fuels are Essential to Sustainability
Connectivity Technologies to Take Center Stage
DRT Tech and Public Transport: A Promising Duo
Market Consolidation to Achieve Economies of Scale
Autonomous Shuttles and Collaborations are the Winning Strategies
Key Predictions for the Global Shared Mobility Market in 2023
Key Highlights of the Connected Vehicle Market in 2022
Notable Regulations and Mandates: A Snapshot
Pricing and Service Models
Top Predictions for the Connected Vehicle Market in 2023
Key Highlights of the EV Market in 2022
EV Growth and Penetration in Key Countries
EV Growth and Penetration for Key OEMs
EV Charging Infrastructure Development
Key Predictions for the EV Market in 2023
Key Highlights of the Autonomous Industry in 2022
Autonomous Vehicle (AV) Regulations Overview: Global
ADAS and Autonomous Vehicle Market Overview
Increased Deployment of Eyes-off (L3) Automated Driving
Market Consolidation for Hands-off and Eyes-off Driving
Compliance and Liability Promoting Driver Monitoring System (DMS) Growth
Top Predictions for the Autonomous Industry in 2023
Key Highlights of Automotive Aftermarket in Numbers
Key Highlights of Automotive Aftermarket in Trends
Dealership Downsizing will Influence the Associated Aftermarket
Circular Economy of Green Components to Gain Momentum
Key Automotive Aftermarket Predictions for 2023 in Numbers
Key Automotive Aftermarket Trends to Watch in 2023
Regional Performance: North America
Regional Performance: Western Europe
Regional Performance: LATAM
Regional Performance: APAC
Regional Performance: China
Regional Performance: India
Growth Opportunity 1: Regulations Promoting the Shift to Sustainable Mobility
Growth Opportunity 1: Regulations Promoting the Shift to Sustainable Mobility (continued)
Growth Opportunity 2: Eyes-off Driving in Europe, North America, and APAC
Growth Opportunity 2: Eyes-off Driving in Europe, North America, and APAC (continued)
Growth Opportunity 3: App Store to Supplement In-vehicle Payments
Growth Opportunity 3: App Store to Supplement In-vehicle Payments (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures- Automotive Market: LV Sales, Global*, 2022 and 2023F
- Automotive Market: Top 5 OEMs, Global, 2021 and 2022*
- Automotive Market: Top OEMs YoY Sales Trend, Global, 2022*
- Automotive Market: Sales by Top 20 OEMs, Global, 2021 and 2022*
- Automotive Market: LV Sales by Chinese OEM Groups, 2021 and 2022*
- Automotive Market: Top 5 Markets by Sales, Global, 2021 and 2022
- Automotive Market: LV Sales in Million Units, Selected Countries, 2022 and 2023F
- Automotive Market: Top Market Trends, Global, 2023-2025
- Shared Mobility Market: Key Highlights, Global, 2022
- Shared Mobility Market: Key Predictions, Global, 2023
- Connected Vehicle Market: Key Highlights, Global, 2022
- Connected Vehicles Telematics Market: Pricing Models, Global, 2023 and 2030
- Connected Vehicle Market: Top Predictions, Global, 2023
- EV Market: Key Highlights, Global, 2022
- Electric Vehicle Market: EV Growth and Penetration, Key Countries, 2022
- Electric Vehicle Market: EV Growth and Penetration, Key OEMs, 2022 and 2023e
- Electric Vehicle Market : EV Sales Global, 2022
- EV Market: Key Predictions, Global, 2023
- Autonomous Industry: Key Highlights, Global, 2022
- ADAS and AD Regulations: Overview, Global, 2023
- ADAS/AD Market: Vehicle Sales Trends, Global & Key Regions, 2023 and 2030
- AD Market: Benchmarking of Key DMS Suppliers, Global, 2023
- Autonomous Industry: Top Predictions, Global, 2023
- Automotive Aftermarket: Key Highlights in Numbers, Global, 2021-2022
- Automotive Aftermarket: Key Highlights in Trends, Global, 2022
- Automotive Aftermarket: Predictions in Numbers, Global, 2023
- Automotive Aftermarket: Key Trends, Global, 2023
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Global light vehicle (LV) sales reached 79.9 million units in 2022, registering 1.3% lower sales than in 2021. China was the top-selling market with 25.7 million units, ahead of the United States at 13.9 million and Japan at 4.1 million. The Russo-Ukrainian War resulted in production delays owing to part supply delays and semiconductor shortages, leading original equipment manufacturers (OEMs) to skip certain advanced driver-assistance system (ADAS) features to avoid delays in vehicle deliveries. Audi and Skoda paused production because of supply chain issues. VW, BMW, Ford, Toyota, Renault, and Hyundai halted production in Russia.
This Growth Outlook takes a deep dive into regional sales of global light vehicles, including key highlights of 2022 and the top trends driving the industry in 2023. It covers major automotive market segments encompassing shared mobility, electric vehicles (EVs), connectivity and telematics, autonomous vehicles, and the aftermarket. OEMs are vertically integrating EV-related capabilities to mitigate against supply chain disruptions, increase efficiency, and establish competitive advantages. Changing customer needs in areas such as gamification, productivity, and entertainment inside the vehicle are creating need for various in-vehicle convenience services made to improve occupant experience.
The shift towards EVs, connected features, digitization, and autonomy demands new skills in automotive manufacturing, with particular focus on software and IT professionals. Increasing connectivity and real-time data regarding vehicle operation and the health of various components are enabling the rise of prognostic and remote diagnostic solutions. The rapid growth in EVs demands best-in-class battery management solutions that can aid in optimal battery design, health and performance monitoring, and failure prediction while deployed and residual value prediction at the product’s end of life. Also, EV growth coupled with governments setting electrification targets are prompting countries to embark on charging infrastructure initiatives to support the burgeoning EV population.
Author: Joe Praveen
| Deliverable Type | Market Outlook |
|---|---|
| Author | Joe Praveen |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | automotive outlook |
| Keyword 2 | automotive industry outlook |
| Keyword 3 | automotive forecast |
| List of Charts and Figures | Automotive Market: LV Sales, Global*, 2022 and 2023F~ Automotive Market: Top 5 OEMs, Global, 2021 and 2022*~ Automotive Market: Top OEMs YoY Sales Trend, Global, 2022*~ Automotive Market: Sales by Top 20 OEMs, Global, 2021 and 2022*~ Automotive Market: LV Sales by Chinese OEM Groups, 2021 and 2022*~ Automotive Market: Top 5 Markets by Sales, Global, 2021 and 2022~ Automotive Market: LV Sales in Million Units, Selected Countries, 2022 and 2023F~ Automotive Market: Top Market Trends, Global, 2023-2025~ Shared Mobility Market: Key Highlights, Global, 2022~ Shared Mobility Market: Key Predictions, Global, 2023~ Connected Vehicle Market: Key Highlights, Global, 2022~ Connected Vehicles Telematics Market: Pricing Models, Global, 2023 and 2030~ Connected Vehicle Market: Top Predictions, Global, 2023~ EV Market: Key Highlights, Global, 2022~ Electric Vehicle Market: EV Growth and Penetration, Key Countries, 2022~ Electric Vehicle Market: EV Growth and Penetration, Key OEMs, 2022 and 2023e~ Electric Vehicle Market : EV Sales Global, 2022~ EV Market: Key Predictions, Global, 2023~ Autonomous Industry: Key Highlights, Global, 2022~ ADAS and AD Regulations: Overview, Global, 2023~ ADAS/AD Market: Vehicle Sales Trends, Global & Key Regions, 2023 and 2030~ AD Market: Benchmarking of Key DMS Suppliers, Global, 2023~ Autonomous Industry: Top Predictions, Global, 2023~ Automotive Aftermarket: Key Highlights in Numbers, Global, 2021-2022~ Automotive Aftermarket: Key Highlights in Trends, Global, 2022~ Automotive Aftermarket: Predictions in Numbers, Global, 2023~ Automotive Aftermarket: Key Trends, Global, 2023~ |
| Podcast | No |
| WIP Number | PE9A-01-00-00-00 |