Honda Global performance in recent years has grown faster than the global industry, while in 2018 was flat, with sales able to reach again the 5 million milestone, losing 0.6%. In the recently published study, focus2move team projects volumes at 6 million by the 2025.
Honda ranks as fifth largest car brand in the World, having overtaken Hyundai during the 2017, and now only a few units behind the fourth place, actually held by Nissan.
Honda global sales are primarily concentrated in the American region (North, Center and South aggregated) and in Asia, where it enjoys the market podium. A key factor on the Honda global success is the strong SUV and Off-Road heritage, now that this segment is becoming more and more popular worldwide.
In the 2018 Honda has sold 5 million light vehicles in the World, losing just 0.6% from the previous year.
Since the 2010 the brand sales grew up 49.9% with a CAGR of 6.2%. During the same frame of time, global light vehicles market grew up from 73.7 millions to 94.3 million with a global CAGR of 3.5%. So Honda has improved its market share in this period. According to our study, in the period 2019-2025 Honda will boost sales at 6 million units.
Tracking all brands sales across the World – with a current coverage of 150 markets – the Focus2move Research Team has analyzed in detail the growth of Honda in the World since 2010, reporting in the just updated market research “Honda Global Sales Performance 2010-2025” all sales broken down by region, country and model.
In addition they have projected the development of the brand sales up to 2025 taking under consideration both the single market development forecast and the brand plans in terms of line up and growth.
The result has been a unique in the World, research, offered at the huge value of €750, available for direct purchase on this web site.