capital deficits. The government is urging stabilization of supply chains and reduced discounting. Analysts expect industry consolidation by 2026 as weaker firms may fail. Profitability concerns are set to continue for now despite state support, though as state support weakens next year, GlobalData forecasts that so too will the vehicle market. Other Asia In Japan, sales increased YoY by 3.8% in May 2025, down from the prior four months of doub...

Market & Tech Reports  Updated at: 2025/06/19

market will impact Japanese OEMs, who are key exporters from Indonesia. Chinese OEMs have invested in production facilities in Indonesia, but there are no concrete export plans yet. Furthermore, many Chinese OEMs’ manufacturing activities are still engaged in contract manufacturing.   GlobalData forecasts that Indonesian light vehicle production will decrease by 4.4% y/y to 1.08 million units in 2025. After 2026, the country’s output will gr...

Market & Tech Reports  Updated at: 2025/06/13

y of Bosch's business start in Japan. iBooster is a modern braking system that realizes high-performance braking functions such as compatibility with vacuumless systems, customized pedal feeling, improved collision damage mitigation braking performance, and redundancy under automated driving. Bosch forecasts that the electric brake booster market will expand at a rate of more than 20% per year until 2027. In September 2022, production of the iBoo...

Market & Tech Reports  Updated at: 2025/05/29

ductions," and the course of the negotiations will be closely monitored.   Nissan's global sales volume for FY2024 (FY ended March 2025) fell by 2.8% y/y to 3.346 million units, and projected to fall by 2.9% y/y to 3.250 million units in FY2025. Sales are projected to be JPY 12.5 trillion, but the forecasts for operating income and net income are not disclosed due to the uncertainties in the environment caused by tariffs. Under the "Re:Nissan" m...

Market & Tech Reports  Updated at: 2025/05/26

production for Q1/2025 totaled 177,603 units, representing a 15.6% YoY decrease. This includes YoY drops of 26.2% in January and 7.4% in February.   The MAA had expected March sales to surpass February’s, citing seasonal campaigns and festive demand as key drivers. Nevertheless, the association forecasts a 4.5% YoY decline in total vehicle sales for 2025, pointing to downside risks such as the ongoing U.S.-China trade tensions and potential m...

Market & Tech Reports  Updated at: 2025/05/21

rket conditions in the country. Furthermore, GlobalData’s market intelligence indicates that Mazda Thailand will discontinue the production of the Mazda2 Sub-Compact Car and will introduce a new B-SUV with a MHEV powertrain in 2027. As a result, GlobalData has excluded the Mazda2 from all ASEAN5 forecasts and has incorporated the new B-SUV model, which will be positioned below the Mazda CX-3 SUV. After 2025, Thailand’s LV production is expe...

Market & Tech Reports  Updated at: 2025/05/12

Tariffs in excess of 100% on Chinese BEVs were imposed under the Biden administration and are still in effect, a policy that appears to be having its intended effect of making it virtually prohibitive to import LVs from China to the US. The latest tariff news came after our Q1 sales and production forecasts were finalized. Therefore, the data contained in this release should largely be considered a pre-tariff view, although some uncertainty from...

Market & Tech Reports  Updated at: 2025/04/30

Global Top 10 OEMs Production Forecast (Q1 2025) Global production to reach 92.4M units in 2025, 93.7M units in 2026 Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q1 2025, global light vehicle production in 2025 is estimated to increase by 2.4% YoY to 92.4 mn.-The production forecasts in this report do not reflect the full extent of the US t...

Market & Tech Reports  Updated at: 2025/04/30

units in 2026. Higher vehicle prices due to tariffs are expected to lead to a decline in sales, including EVs. A recovery is expected in the long term due to localization of production and changes in consumer expectations, but it will not reach the levels seen before the tariffs were announced. The forecasts are likely to fluctuate depending on policies and market conditions, and the situation is expected to be highly uncertain.   GM confirmed t...

Market & Tech Reports  Updated at: 2025/04/25

stic 972 748 696 764 799 616 566 Overseas 462 424 327 371 420 312 343 Total 1,434 1,171 1,024 1,135 1,219 927 909 Source: Mazda   Full-year sales are expected to be JPY 5 trillion (+3.6%) and operating income JPY 200 billion (-20.2%)   In November 2024, Mazda revised downward its full-year forecasts for global sales volume, sales revenue, and operating income from the figures announced the previous August to 1.35 million units (1.40 mill...

Market & Tech Reports  Updated at: 2025/04/01

t is on Stellantis' strategy and recent developments, covering its electrification strategy, plans for launching new electric vehicles, and battery production plans. In the second part, the report addresses sales and performance in 2024 and developments in key markets, as well as GlobalData's sales forecasts. Related Reports: U.S. Market: New Vehicle Sales Recover, BEV Expansion Slows (Feb. 2025) Detroit Auto Show 2025: Ford, GM, and Stellantis ...

Market & Tech Reports  Updated at: 2025/03/05

Acoustic Vehicle Alerting Systems (AVAS) Systems, Technologies, and Components Summary Market Introduction Ecosystem Technology Trends Market Drivers Market Forecasts   This report was prepared by SAR Insight & Consulting, it covers Acoustic Vehicle Alerting Systems (AVAS) in automotive applications, providing an overview of the market size and ecosystem of vendors, with a focus on systems, software, and components. Figure 1: AVAS represen...

Market & Tech Reports  Updated at: 2025/02/05

the previous report. This would represent a YoY gain of 1.7%. Fleet sales are also anticipated to be lower than previously assumed, based on recent sluggish demand. Should tariffs materialize on Canada and Mexico, there is a downside risk in the region of 500k to 1 mn units per year. IndiaThe sales forecasts for India remain largely unchanged from last quarter, with only minor adjustments. JapanThe sales forecast for Japan remains unchanged from ...

Market & Tech Reports  Updated at: 2025/01/31

e by 0.4% YoY to 90.7 mn.-For 2025, the uncertainty surrounding trade tariffs and an anticipated stabilization in demand have led to a lower full-year production outlook - now projected at 92.1 mn (+1.6% YoY) and representing a downgrade of 826k from Q3 2024.  -While most manufacturers' production forecasts were revised downwards or broadly unchanged, BYD's production forecast was revised upwards by around 300k units/year. This is based on a sol...

Market & Tech Reports  Updated at: 2025/01/31

ards for new energy urban public buses and the renewal of drive batteries; to continue and expand support for the scrapping and replacement of automobiles; and to improve eligibility criteria for subsidies. The policies are expected to further unlock the potential of the automotive market, and CAAM forecasts that automotive production and sales will continue to grow in 2025.   United States   New vehicle sales in December were 1.495 million uni...

Market & Tech Reports  Updated at: 2025/01/24

r the German LV market has been pulled back across the forecast period. The improvement in supply has failed to translate into a reduction in average vehicle pricing. GlobalData has lowered the PV forecast by an average of 100k units/year to account for the implied headwind to affordability. It now forecasts that the LV sales in Germany for 2024 will decline by 0.2% y/y to 3.10 million units. Further forward, GlobalData does still assume market r...

Market & Tech Reports  Updated at: 2024/12/25

ufacturers.   （GlobalData, November 2024）   According to GlobalData’s production forecast (November 2024), light vehicle (LV) production in India will continue to grow and reach 6.26 million units in 2027, up by 10.5% compared to 5.67 million units in 2024.   India’s LV production forecasts for 2024 and 2025 have been revised upward by 39k units and 22k units, respectively, owing to elevated export projections. The long-term out...

Market & Tech Reports  Updated at: 2024/12/23

e models in the future.   Innovation and development trends   In terms of technology, intelligent cockpit innovations are focused on areas such as augmented reality head-up display (AR-HUD) technology, high-resolution central control screens, and intelligent voice interaction. According to market forecasts, the size of the LCD central control screen market will reach CNY 44.1 billion in 2024, and AR-HUD technology is also expected to be introdu...

Market & Tech Reports  Updated at: 2024/12/19

on Equity.   Downward revision of full-year 2024 earnings forecast   As of July 2024, the Mercedes-Benz Group's full-year earnings forecast was for sales to be on par with the previous year and EBIT to be slightly lower. However, in September 2024, the company revised its full-year 2024 earnings forecasts for Cars and the Group downwards, and confirmed this in its full-year earnings forecast for the third quarter announced in October. It attri...

Market & Tech Reports  Updated at: 2024/12/06

nits, for a market share of 15.6%. LPG vehicle sales were down 4.6% y/y to 1,039 units, for a market share of 0.4%, while there were no registrations of natural gas vehicles.   The three German OEMs all reported significantly lower profits in the third quarter, and it is expected that their profit forecasts for the full year 2024 will decrease significantly as well. VW's third-quarter (Q3) operating profit fell 41.7% to EUR 2.855 billion. The re...

Market & Tech Reports  Updated at: 2024/11/26