Forecasts for the changes in revenue and production volume of the automotive industry have worsened between May and September 2021. As of September 2021, the global automotive industry is projected to record a loss of some 210 billion U.S. dollars in total revenues for that year, paired with a drop in production of 7.7 million units. This is almost double the production volume loss forecast of May. This drop in the industry's performance is a direct result of the semiconductor chip shortage. Semiconductors are an essential part of car manufacturing, controlling air conditioning systems, monitoring tire pressure, or ensuring that the airbag is triggered in the event of an accident.
Projected revenue and production loss of the global automotive industry as a result of the semiconductor chip shortage in 2021
(in billion U.S. dollars and million units)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
AlixPartners. (September 23, 2021). Projected revenue and production loss of the global automotive industry as a result of the semiconductor chip shortage in 2021 (in billion U.S. dollars and million units) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1280639/automotive-industry-revenue-and-production-loss-forecast/
AlixPartners. "Projected revenue and production loss of the global automotive industry as a result of the semiconductor chip shortage in 2021 (in billion U.S. dollars and million units)." Chart. September 23, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1280639/automotive-industry-revenue-and-production-loss-forecast/
AlixPartners. (2021). Projected revenue and production loss of the global automotive industry as a result of the semiconductor chip shortage in 2021 (in billion U.S. dollars and million units). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1280639/automotive-industry-revenue-and-production-loss-forecast/
AlixPartners. "Projected Revenue and Production Loss of The Global Automotive Industry as a Result of The Semiconductor Chip Shortage in 2021 (in Billion U.S. Dollars and Million Units)." Statista, Statista Inc., 23 Sep 2021, https://www.statista.com/statistics/1280639/automotive-industry-revenue-and-production-loss-forecast/
AlixPartners, Projected revenue and production loss of the global automotive industry as a result of the semiconductor chip shortage in 2021 (in billion U.S. dollars and million units) Statista, https://www.statista.com/statistics/1280639/automotive-industry-revenue-and-production-loss-forecast/ (last visited November 21, 2024)
Projected revenue and production loss of the global automotive industry as a result of the semiconductor chip shortage in 2021 (in billion U.S. dollars and million units) [Graph], AlixPartners, September 23, 2021. [Online]. Available: https://www.statista.com/statistics/1280639/automotive-industry-revenue-and-production-loss-forecast/
