In this article, we are going to discuss the 5 countries that produce the most motor vehicles in 2023. If you want to check out our detailed analysis of the global automotive industry, the largest auto manufacturer in the world, and the rise of autonomous vehicles, head to 20 Countries that Produce the Most Motor Vehicles in 2023.
5. South Korea
Cars Produced in 2022: 3,438,355
Commercial Vehicles Produced in 2022: 318,694
Total Motor Vehicles Produced in 2022: 3,757,049
The South Korean auto industry currently accounts for 13% of all manufacturing output and 12% of total employment in the country. The East Asian country is also a major tech hub, and this expertise is now also being funneled into the automotive industry and helping to build new and exciting vehicles. South Korea also has some of the best facilities for testing automated and autonomous driving vehicles. The testing ground, known as ‘K-City’, simulates a large city environment and is the largest of its kind in the world.
Hyundai Motor Group and Kia Motors account for a lion’s share of South Korea’s auto manufacturing sector.
4. India
Cars Produced in 2022: 4,439,039
Commercial Vehicles Produced in 2022: 1,017,818
Total Motor Vehicles Produced in 2022: 5,456,857
With a massive population of over 1.4 billion, it comes as no surprise that India ranks among the Top Vehicle Manufacturing Countries in the World. The South Asian giant’s auto industry is worth more than $108 billion and accounts for 8% of the country’s total exports and 7.1% of GDP. However, there is still tremendous room for growth, as still only 8% of Indian households own an automobile.
3. Japan
Cars Produced in 2022: 6,566,356
Commercial Vehicles Produced in 2022: 1,269,163
Total Motor Vehicles Produced in 2022: 7,835,519
Being an essential pillar of the Japanese economy, the automobile sector boasts 78 factories in 22 prefectures and employs over 5.5 million people. Currently, about half of domestically-produced Japanese vehicles are exported.
Japan is home to the largest automaker in the world – the Toyota Motor Corporation. The auto giant sold over 10.48 million vehicles worldwide last year, while boasting a revenue of $266.6 billion.
Japan is counted among the Best Car Manufacturing Countries in the World.
2. United States of America
Cars Produced in 2022: 1,751,736
Commercial Vehicles Produced in 2022: 8,308,603
Total Motor Vehicles Produced in 2022: 10,060,339
The United States has one of the largest automotive markets in the world. Around 4.5% of all U.S. jobs are supported by the country’s auto industry and people working in these jobs collectively earn over $500 billion annually in compensation and contribute over $70 billion in tax revenues. The American automotive industry contributed $2.3 trillion to the country’s economy in 2021, amounting to 12% of the total U.S. GDP.
The General Motors Company regained its spot as the Best-Selling Automaker in the U.S. last year, with its brands selling 2.27 million vehicles in the country’s market, against Toyota Motor Corporation’s 2.1 million units.
1. China
Cars Produced in 2022: 23,836,083
Commercial Vehicles Produced in 2022: 3,184,532
Total Motor Vehicles Produced in 2022: 27,020,615
China remains the world’s largest automotive manufacturing country since 2009. Annual vehicle production in the country accounted for more than 32% of the overall vehicles produced around the world, far exceeding that of the European Union or that of the United States and Japan combined.
Fuelling the growth in local automotive manufacturing has been the huge increase in the average income of the Chinese population. There are four major car companies in China namely SAIC Motor, Dongfeng, FAW, and Chang’an, which produce cars mainly for the domestic market. Having a gross output of more than $1.4 trillion in 2021, the automotive industry in China accounts for 10% of the country’s total GDP.
China is the Country that Makes the Most Motor Vehicles in the World.
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