Automotive Industry Overview
- 4.3.1 Facts and Figures About china automotive industry
- 1. Global Vehicle Sales Medium Term Forecast
- 2. World New Motor Vehicle Registration
- 3. World Motor Vehicle Production
- 4. Global Automotive Market Share 2018, By Brand
- 5. World New Motor Vehicle Registrations
- 6. World’s Passengers Car Production By Share
- 7. Passenger Car Sales
- 8. World Commercial Vehicle Production
- 9. Global Automotive Engine Market Size
- 10. Automotive Engine Market Forecast 2019-2023
- 11.Import And Export For Transportation
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Covid-19 Impact on Automotive Plants
Global Vehicle Sales Medium Term Forecast
Global Automotive Market Share by Brand
World Motor Vehicle Production
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FAQ's About Automotive Industry Analysis
What is the present position of automobile industry in the world?
Automotive industry is one of the pillars of world economy. The turn over of industry is greater than usd 4 trn with approximately 4% contribution to world’s gdp. Asia is the largest vehicle manufacturing continent. In 2019, almost 92 million motor vehicles were produced worldwide. Global automotive industry will grow to $ 9 trn by 2030
What is the importance of automobile industry?
Automobile Industry is Capital Intensive & Knowledge Intensive Industry which plays an important role in the country’s socio-economic development. Automobile Industry helps in development of modern economy. The number of vehicles manufactured and exported defines the infrastructure capabilities of the nation. Asia is the largest manufacturer of Vehicles.
What does the automotive industry include?
Automobile Industry Include:
1. All companies and activities involved in Manufacturing of Vehicles
2. Mainly Manufacturing of Auto Components
3. All Exterior and Interior Accessories
How does the automotive industry work?
Mainly Automotive Industry work through supply chain. The main players of Automotive industry are:
2. Tier1 Companies
3. Tier2 Companies
Mainly OEMs need Auto components which can be fulfilled by automotive tier1 Companies. Tier 1 Companies manufactures parts/assemblies which can be directly handed over to OEMs. In some cases, OEMs can also demand certain assemblies from tier2 companies but, generally tier2 companies are well connected with tier1 companies. Tier2 companies provides raw materials/assemblies/minor parts to tier1 companies.
How much money does the automotive industry make a year?
The average annual turnover of automotive industry in USD 2.80 TRN.
Number of Automotive Related Businesses worldwide: 594,980
Is automotive industry growing?
Automotive Industry has considerable growth from last decade. Living standard and new inventions in vehicles has opened many new untapped markets like Middle east, Africa & Latin America. The large production volume created many jobs and opportunities for small OEMs and Auto Component suppliers. Automotive industry recently affected by corona situations in second half of 2019
When Global Market specially auto industry will come back 2018 situation after Covid19?
Covid 19 has considerable impact on auto industry worldwide. Since china is the biggest auto component supplier to the world, the closure of businesses in China has large impact on OEMs & Auto Component Manufacturers. Now OEMs & Auto Component suppliers are regaining the original position by developing regional/local supply chains within the regional boundaries. OEMs, Component Manufacturers & Auto Assemblers are looking to Source Regionally within their Borders and setting up regional logistic hubs. It is estimated that Auto Industry will regain in Mid of 2021.
Which innovation need to do automotive industry after Covid19 situation?
1.Fundamentally Rethinking of Supply Chain:
Supply Chain Models Needs to be reconfigured based on business optimization. The global Business model should have some modifications towards regional business model and development of regional supply chain which will be of more resilient and value addition parameter.
2. Strategic Partnerships & Alliances:
Auto Makers shifting their focus to Electric & Autonomous Vehicles needs large amount of Investments which is hard to achieve in this course of time.so strategic Partnerships, M&A, Alliances are more relevant and urgent to Sustain in competitive landscape.
3. New Features & Technologies:
In adapting to the post COVID-19 world, several consumers will look for better health, hygiene and sanitation features in their vehicles. Certain features like in-built sanitisation, enhanced air-purification systems and anti-bacterial surfaces may see a spike in demand. Consumers are likely to lean towards cars that offer such features and might even be willing to pay extra for their own physical and mental wellbeing. Companies that incorporate such innovation while staying cost-effective will likely have the upper hand in terms of sales.
4. Consumer Preference:
The pandemic has brought about marked changes in consumer habits and behaviours. There is Gradual shift from Shared mobility to Personal Mobility, which could boost sale of auto component manufacturer. Small Auto OEMs are having many opportunities after pandemic effect
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