Media alert: Car sales will peak in 2022 as robotaxis take off
Palo Alto, Shanghai, Singapore and Reading (UK) – Wednesday, 29 November 2017
Canalys forecasts 93.7 million cars will be sold worldwide in 2017, up just 1.7% on 2016. Low single-digit percentage sales volume growth will continue for the next five years, peaking at 99 million cars sold in 2022. Annual global sales will then decline as the urban mobility revolution, already affecting the market, gathers pace.
“The convenience of owning a car comes at a cost. Cars are under-used – they sit idle for more than 90% of the time. The wider availability of urban mobility services, such as ride-hailing, car-sharing and robotaxis, will further reduce car ownership. With the expectation of everything on demand, these services will revolutionize how people travel,” said Chris Jones, Chief Analyst, Automotive at Canalys.
“There are already too many cars on our heavily-congested roads, and most pollute the air and only carry one person – the driver,” said Canalys VP Sandy Fitzpatrick. “It will be irresponsible of governments to let this ‘car park’ increase in the coming years. Legislation must be introduced to ban the sale of petrol and diesel cars and to allow autonomous vehicles on our roads.”
“In this climate, no car-maker is too big to fail,” said Jones. “They will continue to fight for sales growth and must seek new revenue streams, including urban mobility services. Cars will increasingly become connected, electric, autonomous and shared. Car-makers that are too slow or too conservative to adapt their strategies will disappear.”
For more information, please contact:
Canalys is an independent analyst company that strives to guide clients on the future of the technology industry and to think beyond the business models of the past. We deliver smart market insights to IT, channel and service provider professionals around the world. We stake our reputation on the quality of our data, our innovative use of technology and our high level of customer service.
To receive media alerts directly, or for more information about our events, services or custom research and consulting capabilities, please complete the contact form on our web site.
Alternatively, you can email email@example.com or call +1 650 681 4488 (Palo Alto, California, USA), +65 6671 9399 (Singapore), +86 21 2225 2888 (Shanghai, China) or +44 118 984 0520 (Reading, UK).
For more information:
Canalys APAC: Singapore Tel: +65 6671 9399 or
Shanghai, China Tel: +86 21 2225 2888
Canalys Americas: Palo Alto, USA Tel: +1 650 681 4488
Canalys EMEA: Reading, UK Tel: +44 118 984 0520