South Africa ranks seventh in vehicle production
A new study by GoShortly reveals some interesting facts regarding the countries producing the most and fewest vehicles per year.
We know that China has become one of the biggest vehicle manufacturers in the world, but how does the rest fare?
Argentina saw the highest percentage increase in car manufacturing in 2021 compared to 2020, at a rate of 69%. Its motor vehicle production was reported at 434 753 units in December 2021. This records an increase from the previous number of 257 187 units for December 2020. This year, Argentina’s senate has approved a bill to promote the automotive industry. The initiative was spearheaded and supported by IndustriALL affiliates in the country.
New research reveals the countries that have increased their car production since the pandemic – South Africa ranks seventh.
The countries with the highest increases in car production:
Indonesia had the second highest increase in car production in 2021 compared to 2020, at an increase of 63%. As well as being the fourth most populous country in the world.
India was the country that witnessed the third highest increase in car production in 2021 compared to the previous year, at an increase of 30%. Although India’s change in variation in car manufacturing is substantially less than in Indonesia and Argentina, the automotive sector is benefiting from a host of improvements. These include global supply-chain rebalancing and government incentives to increase exports.
The countries with the biggest volume of car production:
China produced the most cars and commercial vehicles, with a total of 26 million manufactured in 2021. Its domestic production is expected to reach 35 million vehicles by 2025.
The United States produced the second highest number of cars and commercial vehicles in 2021, a total of 9.16 million vehicles. In December 2021, President Joe Biden imposed a new executive order that states that by 2035, all new light-duty vehicles sold in the US must be 100% all-electric vehicles, to help with climate change and air pollution issues in the country.
Japan is the third biggest manufacturing country in the world, with a total of 7.8 million cars and commercial vehicles produced in 2021. Japan’s market share has decreased slightly in recent years, due to new competition in South Korea, China and India. Automobile export remains the country’s most profitable industry and is a part of its recovery plan for the economic crisis of the pandemic.
Further findings:
• China is the world’s biggest manufacturer of cars – it produced the most cars and commercial vehicles in 2021, a total of 26 million units.
• Egypt had the second lowest number of vehicles manufactured in 2021, with a total of 23 754 commercial vehicles and cars produced annually.
• Slovenia had the highest decrease in car production at -32%.
• Slovakia has the highest share of automotive employment in Europe. It accounts for 16.2% of employment in the country.
View the full research here.
Source: Digitaloft/Bobby Richards
