Suzuki Statistics By Sales, Revenue, Types of Vehicles and Facts

Introduction

Suzuki Statistics: Like many Japanese industries after World War II, Suzuki sought diversification. Recognizing the growing demand for personal transportation, the company ventured into the automobile sector. The initial years were challenging, marked by the development of small, fuel-efficient vehicles that catered to post-war economic conditions. Suzuki’s success story lies in its unwavering focus on producing affordable, reliable, and practical cars that resonate with the masses.

One of the key factors behind Suzuki’s global dominance is its emphasis on research and development. The company has invested heavily in technological advancements, focusing on fuel efficiency, safety, and performance. Let’s understand the overall performance of this leading automobile brand through Suzuki Statistics.

Editor’s Choice

• Since the last decade, Suzuki has significantly reduced its average CO2 emissions worldwide. As of 2024, it was recorded at 81 grams of CO2 per kilometer.
• Suzuki Statistics show that the brand’s worldwide passenger car market is projected to generate a revenue of US$30 billion.
• The Asian Suzuki passenger cars market is estimated to generate a revenue of US$23 billion in 2024.
• In Australia and Oceania, the annual growth rate in a similar segment is projected to be 1.81% between 2024 and 2028, leading to a market volume of US$1,246 million.
• Suzuki’s Swift is the most sold model across India as of July 2024, representing 16,854 units sold. In addition, Wagon R, Ertiga, Vitara Brezza, and Eeco have been recorded as the leading models in a similar category.
• About the worldwide market, most of the revenue is expected to be generated in Iran, which will contribute US$9,270 million in the current year.
• Suzuki’s motorcycle market share in Asia, particularly in markets like Japan and Southeast Asia, was around 10% in 2023. This share is expected to remain stable at around 10% in 2024.
• By 2024, Suzuki aims to have at least 30% of its global sales come from hybrid and electric vehicles, up from 20% in 2023.
• Apart from Japan, India is Suzuki’s top-performing market in terms of net sales. In 2023, India recorded 2,114 billion Japanese yen in net sales, the latter of which generated almost half of India’s net sales.
• Suzuki Statistics 2023 show that the brand is one of the 10 leading automakers in Asia, with 40.5 billion sales recorded in the previous year.

You May Also Like To Read

• Lamborghini Statistics
• Li-Auto Statistics
• McLaren Statistics
• Mercedes-Benz Statistics
• Peugeot Statistics
• Porsche Statistics
• Ram Trucks Statistics
• Rolls-Royce Statistics
• Skoda Statistics
• Subaru Statistics
• Tata Motors Statistics
• Tesla Statistics
• Toyota Statistics
• Vauxhall Statistics
• Volkswagen Statistics
• Volvo Statistics

Suzuki Passenger Cars Market By Region

Worldwide

• Suzuki Statistics show that the brand’s worldwide passenger car market is projected to generate a revenue of US$30 billion.
• Furthermore, between 2024 and 2028, it will grow at an annual rate of 2.98%, leading the market volume to US$33 billion by the projected period.
• By 2028, the unit sales are expected to amount to 1,630.0k vehicles in the worldwide market.
• About the worldwide market, most of the revenue is expected to be generated in Iran, which will contribute US$9,270 million in the current year.
• The volume-weighted average price of the Suzuki Passenger cars market is estimated to be US$20k.

Average CO2 Emission

(Reference: statista.com)

Since the last decade, Suzuki has significantly reduced its average CO2 emissions worldwide. As of 2024, it was recorded at 81 grams of CO2 per kilometer. Suzuki Statistics show that by 2028, it will reach 58, showing an improvement in sustainability.

Asia

• The Asian Suzuki passenger cars market is estimated to generate a revenue of US$23 billion in 2024.
• Furthermore, an annual growth rate of 3.70% is expected between 2024 and 2028, leading the market volume to US$27 billion.
• The unit sales are estimated to touch 1,305.0k vehicles by the forecast period.
• As of 2024, the volume-weighted average price of Suzuki is projected to be US$20k.

Africa

• Suzuki Statistics 2024 shows that revenue is expected to amount to US$214 million in the mentioned year.
• The unit sales are estimated to reach 13.2k vehicles by the forecast period.
• The volume-weighted average price of the same is projected to reach US$18k.
• In addition, the unit sales in the African region are estimated to reach 13.2k vehicles.

Americas

• By 2028, unit sales in the American Suzuki passenger cars market are projected to be 63.8k vehicles.
• As of 2024, the revenue in the market is expected to reach US$1,162 million.
• The annual growth rate is estimated at 1.76% between 2024 and 2028, bringing the market volume to US$1,246 million.
• The volume-weighted average price is estimated to reach US$20k.

Australia and Oceania

• In Australia and Oceania, the annual growth rate is projected to be 1.81% between 2024 and 2028, leading to a market volume of US$1,246 million.
• In 2024, the revenue in the market is expected to reach US$157 million.
• The volume-weighted average price is projected to reach US$20k.
• By 2028, Suzuki Statistics estimates the unit sales to reach 8.9k vehicles.

Europe

• The European Suzuki passenger cars market is expected to generate revenue of US$5 billion in
• As of 2024, US$21k is the volume-weighted average price.
• Unit sales are estimated to be 238.7k vehicles by the forecast period.
• However, between 2024 and 2028, the annual growth rate is estimated to decline to -0.15%, keeping the market volume stable at US$5 billion by 2028.

Top Automakers in Asia By Sales

(Reference: statista.com)

Suzuki Statistics 2023 show that the brand is one of the 10 leading automakers in Asia, with 40.5 billion sales recorded in the previous year. The list was led by top brands such as Toyota Motor, Honda Motor, Hyundai Motor, SAIC Motor, and Nissar Motor.

Leading Car Manufacturers By Sales

(Reference: statista.com)

As of 2023, Toyota became the leading car manufacturer worldwide, with 10.8 million sales. Suzuki, however, struggled to top the list, with 3.05 million vehicles sold globally. In addition, Volkswagen Group and Hyundai-Kai are also dominant players in the worldwide market.

Export Volume for Maruti Suzuki By Leading Country

(Reference: statista.com)

According to research by Statista, in 2023, Suzuki exported 144 thousand vehicles in around 100 countries, largely of which were exported to South Africa, amounting to 89,483. Chile, Ivory Coast, Saudi Arabia, and Ethiopia have almost equal levels of exports to each country.

Sales Volume of Maruti Suzuki Cars in India

(Reference: statista.com)

Suzuki’s Swift is the most sold model across India as of July 2024, representing 16,854 units sold. In addition, Wagon R, Ertiga, Vitara Brezza, and Eeco have been recorded as the leading models in a similar category.

Suzuki’s Automobile Segment Net Sales By Region

(Reference: statista.com)

Apart from Japan, India is Suzuki’s top-performing market in terms of net sales. In 2023, India recorded 2,114 billion Japanese yen in net sales, the latter of which generated almost half of India’s net sales. Suzuki Statistics show that North America is the low-performing market in a similar category.

You May Also Like To Read

• Ferrari Statistics
• Fiat Statistics
• Ford Statistics
• General Motors Statistics
• Honda Statistics
• Hyundai Statistics
• Infiniti Statistics
• Isuzu Statistics
• Jaguar Statistics
• Jeep Statistics
• Kia Statistics

List of Suzuki Motorcycles By Engine (CC)

(Source: wikipedia.org)

You May Also Like To Read

• Audi Statistics
• Alfa Romeo Statistics
• Aston Martin Statistics
• Bentley Statistics
• BMW Statistics
• Bugatti Statistics
• Chevrolet Statistics
• Citroën Statistics
• Daihatsu Statistics

Suzuki Market Overview 2023 and 2024

Suzuki Motor Corporation, commonly known as Suzuki, is a Japanese multinational corporation that manufactures a wide range of vehicles, including automobiles, motorcycles, all-terrain vehicles (ATVs), and outboard motors. Suzuki is well-known for its compact and subcompact cars, which are popular in various global markets, particularly in Asia. The company has a strong presence in several regions, including Asia, Europe, and Latin America, and it is recognized for producing affordable, fuel-efficient, and reliable vehicles.

Types of Vehicles Manufactured By Suzuki

• Automobiles: Suzuki’s automobile lineup includes a variety of compact cars, hatchbacks, sedans, SUVs, and crossovers. Some of their popular models include the Suzuki Swift, Suzuki Alto, Suzuki Baleno, Suzuki Vitara, and Suzuki Jimny. These vehicles are known for their fuel efficiency, affordability, and suitability for urban driving.
• Motorcycles: Suzuki is also a significant player in the motorcycle industry, producing a wide range of motorcycles, from small-capacity scooters to high-performance sports bikes. Some popular models include the Suzuki GSX series, Suzuki V-Strom, and Suzuki Burgman.
• All-Terrain Vehicles (ATVs): Suzuki manufactures ATVs designed for both recreational use and work-related tasks. These vehicles are popular in rural areas and among outdoor enthusiasts.
• Outboard Motors: In addition to land vehicles, Suzuki produces outboard motors for boats, catering to the marine industry.

Market Share By Types of Vehicles Region-Wise

 Asia

• Automobiles: In Asia, particularly in India, Suzuki dominates the small car segment. In 2023, Suzuki held approximately 50% market share in the compact car segment in India, largely driven by the success of models like the Suzuki Swift and Alto. By 2024, the market share slightly decreased to 48% as competition increased.
• Motorcycles: Suzuki’s motorcycle market share in Asia, particularly in markets like Japan and Southeast Asia, was around 10% in 2023. This share is expected to remain stable at around 10% in 2024 as the company maintains its strong brand presence in the region.

 Europe

• Automobiles: In Europe, Suzuki’s market share in the compact and subcompact segments was around 3% in 2023. This is expected to increase slightly to 3.5% in 2024, driven by the growing popularity of hybrid models like the Suzuki Swift Hybrid and Vitara Hybrid.
• Motorcycles: Suzuki’s presence in the European motorcycle market is modest, with a market share of approximately 5% in 2023. This share is expected to remain stable in 2024 as the company continues to cater to a niche market of loyal customers.

 Latin America

• Automobiles: In Latin America, Suzuki’s market share in the automobile segment was around 7% in 2023, with strong sales in countries like Chile and Peru. This is expected to grow to 8% in 2024 as the company expands its dealer network and introduces new models.
• Motorcycles: Suzuki’s motorcycle market share in Latin America was about 6% in 2023, and this is projected to remain steady at 6% in 2024.

Financial Performance

Suzuki’s global revenue in 2023 was approximately US$ 30 billion, with significant contributions from its automobile and motorcycle segments. The company expects a slight increase in revenue to $31 billion US dollars in 2024, driven by growth in emerging markets and the introduction of new models.

Summary

Suzuki remains a significant player in the global automotive and motorcycle markets, particularly in Asia and Latin America. The company’s focus on affordable and reliable vehicles has helped it maintain a strong market share, although it faces increasing competition in several regions. Suzuki’s ability to adapt to changing market conditions and consumer preferences will be crucial to its continued success in 2024 and beyond.

• Global Presence: Suzuki Motor Corporation is one of the top 10 automakers in the world. It has a strong presence in Asia, Europe, and Latin America. Based on Suzuki Statistics 2023, Suzuki’s global revenue was approximately US$ 30 billion.
• Vehicle Production: In 2023, Suzuki produced around 3 million vehicles worldwide, including cars, motorcycles, and all-terrain vehicles (ATVs).
• Market Share: Suzuki has a significant market share in the compact and small car segments. In 2023, as shown by Suzuki Statistics, in India, one of its largest markets, Suzuki, held a 50% market share in the compact car segment.
• Hybrid and Electric Vehicles: By 2024, Suzuki aims to have 30% of its global sales come from hybrid and electric vehicles, up from 20% in 2023.
• Popular Models: Some of Suzuki’s best-selling car models include the Swift, Alto, and Vitara. These models are known for their affordability, fuel efficiency, and reliability.
• Motorcycle Sales: In 2023, Suzuki sold approximately 1.8 million motorcycles worldwide. The company is particularly strong in markets like Japan, Southeast Asia, and Latin America.
• Innovation in EVs: Suzuki is investing heavily in electric vehicle (EV) technology. In 2024, Suzuki will launch the Jimny EV, an electric version of its popular compact SUV, with an expected range of 300 km and a starting price of $30,000 US dollars.
• CO2 Emissions Reduction: Suzuki Statistics show that the brand is committed to reducing its carbon footprint. By 2025, the company aims to reduce its average CO2 emissions per vehicle by 25% compared to 2020 levels.
• Employee Strength: Suzuki employs over 65,000 people globally, with a large workforce in Japan, India, and other parts of Asia.
• Manufacturing Plants: Suzuki operates 35 manufacturing facilities in 23 countries, ensuring a strong global production network.

These facts provide a clear overview of Suzuki’s position in the global market, highlighting its financial performance, commitment to innovation, and focus on sustainability.

Suzuki’s Product Launches and Developments

Product Launches in 2023

In 2023, Suzuki introduced several new models and made significant updates to its existing lineup. It focused on expanding its portfolio of hybrid and electric vehicles (EVs) to meet the growing demand for environmentally friendly transportation.

• Suzuki Swift Hybrid 2023: The Suzuki Swift Hybrid was one of the most anticipated launches in 2023. This model combines a compact design with advanced hybrid technology, offering improved fuel efficiency and lower emissions. The vehicle features a 1.2-liter Dualjet engine paired with an electric motor, achieving a fuel efficiency of around 25 km/liter, which is approximately 20% better than its predecessor. The starting price was set at $15,000 US dollars, making it an attractive option for budget-conscious consumers.
• Suzuki Vitara Hybrid 2023: Another significant launch was the Suzuki Vitara Hybrid. This SUV was upgraded with a mild-hybrid system, providing a more eco-friendly driving experience. The Vitara Hybrid saw strong sales in Europe, where it captured a 3% market share in the compact SUV segment. The vehicle is priced starting at $25,000 US dollars.
• Suzuki e-Burgman: In the two-wheeler segment, Suzuki launched the e-Burgman, an electric scooter designed for urban commuting. With a range of 100 km on a single charge, the e-Burgman became popular in markets like India and Japan, where the demand for electric two-wheelers is on the rise. The scooter’s price starts at $3,000 US dollars.

Product Developments in 2024

In 2024, Suzuki continued to innovate with a focus on electric and hybrid technologies, aiming to strengthen its position in the global market.

• Suzuki Jimny EV: One of the key developments in 2024 was the announcement of the Suzuki Jimny EV, an electric version of the popular Jimny compact SUV. The Jimny EV is expected to feature a 60 kWh battery pack, providing a range of 300 km. Suzuki plans to launch this model in late 2024, with an expected starting price of $30,000 US dollars. This launch aligns with Suzuki’s strategy to offer more electric vehicles in its lineup.
• Advanced Driver Assistance Systems (ADAS): Suzuki also focused on enhancing the safety features of its vehicles in 2024 by incorporating Advanced Driver Assistance Systems (ADAS) in models like the Swift and Vitara. These systems include lane-keeping assist, adaptive cruise control, and automatic emergency braking, aiming to improve road safety and reduce accidents.
• Battery Development for EVs: In 2024, Suzuki invested in the development of solid-state batteries, which are expected to offer higher energy density, faster charging times, and improved safety compared to traditional lithium-ion batteries. This development is crucial for Suzuki’s future EVs and will likely be integrated into new models by 2025.

Future Product Launches and Developments

Looking ahead, Suzuki has outlined a clear roadmap for its future product launches and developments, focusing on expanding its EV and hybrid vehicle offerings.

• Suzuki Wagon R EV: Planned for launch in 2025, the Suzuki Wagon R EV will be a fully electric version of the popular Wagon R hatchback. This model will target urban markets in Asia and Europe, with an expected range of 250 km and a starting price of $20,000 US dollars.
• Hybrid Technology Expansion: Suzuki plans to introduce hybrid technology across its entire lineup by 2026. This will include not only mild-hybrid systems but also plug-in hybrids (PHEVs), providing consumers with more options to reduce fuel consumption and emissions.
• Collaborations for Autonomous Driving: Suzuki is also exploring collaborations with technology companies to develop autonomous driving technologies. Suzuki Statistics report that by 2027, the company aims to introduce Level 3 autonomous vehicles capable of driving themselves under certain conditions, further enhancing road safety and convenience for drivers.

 Contribution to Reduced Carbon Emissions

Suzuki is committed to reducing its carbon footprint and contributing to global efforts to combat climate change. The company has set ambitious targets to reduce CO2 emissions across its entire vehicle lineup.

• Hybrid and EV Expansion: Suzuki Statistics 2024 report that Suzuki aims to have at least 30% of its global sales come from hybrid and electric vehicles, up from 20% in 2023. This shift is expected to reduce Suzuki’s vehicle carbon emissions significantly.
• CO2 Reduction Targets: Suzuki has committed to reducing its average CO2 emissions per vehicle by 25% by 2025 compared to 2020 levels. This will be achieved through the increased adoption of hybrid and electric technologies and improvements in vehicle efficiency.
• Sustainable Manufacturing: In addition to vehicle emissions, Suzuki is working on reducing the environmental impact of its manufacturing processes. By 2024, Suzuki plans to reduce CO2 emissions from its manufacturing plants by 10% through renewable energy sources and more efficient production techniques.

 Conclusion

In conclusion, the Suzuki Statistics show that the brand’s product launches and developments in 2023 and 2024 reflect the company’s commitment to innovation and sustainability. By expanding its hybrid and electric vehicle offerings and investing in advanced technologies, Suzuki is well-positioned to meet the growing demand for eco-friendly transportation.

The company’s efforts to reduce carbon emissions and improve vehicle safety demonstrate its dedication to addressing global environmental challenges while maintaining its competitive edge in the automotive market.

Pramod Pawar

Pramod Pawar brings over a decade of SEO expertise to his role as the co-founder of 11Press and Prudour Market Research firm. A B.E. IT graduate from Shivaji University, Pramod has honed his skills in analyzing and writing about statistics pertinent to technology and science. His deep understanding of digital strategies enhances the impactful insights he provides through his work. Outside of his professional endeavors, Pramod enjoys playing cricket and delving into books across various genres, enriching his knowledge and staying inspired. His diverse experiences and interests fuel his innovative approach to statistical research and content creation.

More Posts By Pramod Pawar

Internet of Everything Statistics and Facts (2025)

AI PC Statistics By Revenue, Demographics (2025)

Powerball Statistics By Countries, Demographics, Device And Website

KFC Statistics By Revenue, Consumers and Facts

Panasonic Statistics By Segments, Market Capitalization, Country, Net Promoter Score/NPS and Demographics

Huawei Statistics By Revenue, Business Segment, Smartwatch, Tablet Market and Facts

Tesla Statistics By Revenue, Market, Region And Fact

Whirlpool Statistics By Operational Priorities, Product Revenue, Import and Export

Ford Statistics By Revenue, Market Share, Car Sales and Facts

Microsoft Statistics By Revenue, Product Line, Software Spending and Gaming Revenue