By 2023, 93.5 million vehicles will be produced worldwide. Six in ten are made in Asia, where production has increased by 34% over the past thirteen years. Europe, on the other hand, is losing its presence. In Germany and France they have lost 30 and 32% of production.
According to the EITB Data report, the automotive industry has seen consistent growth worldwide since 2010. In 2023, more than 93.5 million vehicles were produced worldwide. However, production is shifting towards Asia, at the expense of Europe.
At this moment, 6 out of 10 vehicles that are produced in the world are made in Asia-Oceaniawhere the industry has increased by 34% since 2010. This increase is mainly due to Chinathe largest car manufacturer in the world and currently produces 32% of what is produced on the entire planettripling the data of the second largest producer, the United States. Production has increased by 65% since 2010a figure comparable to that of India (64%).
Located across the street Europe. The number of vehicles produced has fallen by 8.4% compared to 2010 and mainly points to the loss of the presence of Germany and Francetwo countries with a lot of tradition in this sector and whose production has fallen by 30 and 32% respectively.
In this context the automotive industry Stands has managed to maintain itself. They will be manufactured in 2023 2.5 million vehicles2% more than in 2010, although there have also been more prosperous years in this period, such as 2019 when 2.8 million vehicles were produced.
About the 17.6% of vehicles manufactured in the state leaves the factories of Hego Euskal Herria. However, in our environment, the production of car parts outweighs the assembly of vehicles.
As for the purchase of vehicles new, Asia It is also the continent where the economy has grown the most in the past four years, around 13%. on this continent more than half of the cars are sold from all over the planet.
Such as production, China Also leads the ranking of countries for sale of the number of cars, as more than 30 million units will be registered in 2023, almost a third of the 92.7 million units sold worldwide. In Europe, on the other hand, sales fell by 14% compared to 2019 and 17.9 million copies were registered.
The 27 countries of the The European Union exports 31% of vehicles that they produce. The main recipient is Great Britain, followed by the United States and Turkiye. In terms of imports, the main country where we buy vehicles is China, where one in five new imported vehicles comes from.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
