The data shows projections for global light vehicle production from 2015 to 2023. It is expected that almost 112 million vehicles will be produced by 2023.
Global vehicle production
Globally, 2016 saw an estimated increase in light vehicle production of around 3.6%. While the automobile has its roots in central Europe, Asia has become the hottest market in terms of passenger vehicle production. Between 2015 and 2022, emerging markets are expected to contribute over 90% to growth. In China, the province of Qinghai is expected to become a major producer of passenger cars, offsetting trailing growth in more mature markets such as Beijing, Shanghai and Shangdong.
