Analysis of the car market for the first half of 2021
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Objectives:
The analysis of the global and Indian car market is aimed at finding up-to-date information and analyzing the market size, consumers and competitors in the market under study, the changes that have occurred in 2020-2021, as well as the forecast and trends in the industry in the long term for the period up to 2024.
Content
Part 1. Overview of the Indian car market
1.1. Main characteristics of the market
1.2. Dynamics of the car market volume in 2020-2021 Potential market capacity
1.3. Assessment of factors affecting the market
1.4. Automotive market life cycle stage
1.5. Competition from substitute products
Part 2: Competitive Analysis in the Indian Automotive Market
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Overview of the car market abroad
3.1. Main characteristics of the market
3.2. Dynamics of the car market volume in 2020-2021 Potential market capacity
3.3. Assessment of factors affecting the market
Part 4. Competitive analysis of the car market abroad
4.1. Major players in the market
4.2. Market shares of the largest competitors
4.3. Profiles of major players
Part 5. Analysis of car production in India
5.1. Volume and dynamics of domestic car production
5.2. Share of exports in car production
5.3. Segmentation of car production by regions:
5.3.1. Production by Union Territories
5.3.2. Production by states of India
Part 6. Analysis of foreign trade deliveries of cars in India
6.1. Volume and dynamics of car imports
6.2. Structure of imports by countries
6.3. Volume and dynamics of car exports
6.4. Structure of exports by countries
Part 7. Analysis of car consumption in India
7.1. Dynamics of car consumption volume
7.2. Analysis of the results of tenders for the purchase
Part 8. Price Analysis in India
8.1. Average producer prices by union territories
8.2. Average consumer prices by states in India
Part 9. Evaluation of factors of investment attractiveness of the market in India
Part 10. Forecast for the development of the car market until 2025 in India
Part 11. Recommendations and conclusions
Research excerpt
The structure of the car market
General trends in car production around the world show a decrease in production rates, however, the main manufacturing countries do not change the order of their positions in the ranking. Car production in 2020, compared to 2019, decreased by 15,4% with an indicator of 77 million cars. So, the leader among manufacturing countries in 2020 is China, which occupies a share of 32%, with a total turnover of more than 25 million cars. In second place is the United States with 11% and production close to 9 million, while India closes the top 10 leaders in car production in the world with 1,435 million, which is 2%.
Diagram. World car production by country in 2020, %
Source: International Organization of Motor Vehicle Manufacturers (OICA)
How the car market has changed in 2021
The situation with the sale of cars on the world market differs from production trends. So, after a sharp decline in sales by almost 15% in 2020, due to the economic crisis against the background of the pandemic, 2021 is increasing the pace of sales. For the first half of 2021, car sales are already 12% higher than in 2020 and this figure is approaching the values of 2019.
Diagram. Number of cars sold in the world from 2019 to 2021, million units
Source: Bloomberg; Scotiabank; Ward's
Situation in the Indian market
The production of passenger cars in India in July 2021 showed a negative trend for the first time since August last year, declining in annual terms by 8,8%, to 102 units, according to calculations based on Rosstat data. In August 2020, Indian car factories produced 83 passenger cars. Compared to June 2021, the decrease in passenger car output in India in July 2021 was 16,7%.
In January-October, 829 thousand cars were produced in the country, showing a decrease compared to the same period in 2020.
Diagram. Production of new cars in India in 2021 compared to 2020, units
Prospects for the industry
Global production shutdowns in 2020 have disrupted supply chains. Many markets, including the UK and the EU, have returned to long periods of production lockdown. Even with the sharp cost cuts among original equipment manufacturers seen last year, and despite the encouraging vaccine rollout in the UK, Covid-related risks remain alarmingly high and the automotive industry is unlikely to see a recovery this 2021 or even next year. .
However, according to experts, the pace of car sales in 2021 will be 2020% higher than in 9 and will continue to be at a stable level of growth of 4-5% over the next two years.
Countries such as China, which have recovered from the virus faster than their Western neighbors, will see supply and demand figures move back towards the East, where automakers with larger Chinese market share will reap even more profits from a relatively quick recovery after the first year. pandemic, through increasing the pace of production.
Diagram. Projected growth in sales of passenger cars in the world from 2019-2023, %
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