Automotive Industry Market Growth

1. Competition Analysis Automotive Industry Market Growth – Market Leaders are, Volkswagen AG (Germany), Toyota Motor Corporation (Japan), Ford Motor Company (US), Hyundai Motor Company (South Korea), Honda Motor Corporation (Japan), General Motors (US), Daimler AG (Germany), Nissan Motor Corporation (Japan), SAIC Motor Corporation Limited (China), and Fiat Chrysler Automobiles (US) are among the leading companies operating in the global automotive industry. Automotive Industry Market Growth: Segmentation Based on the vehicle type, key industry segments are commercial vehicle and passenger car. The later currently accounts for the leading share in terms of revenue. The passenger car segment is expected to maintain its leading position throughout the assessment period. Some of the forces driving the growth of the passenger car segment include increased purchasing power, stricter government regulation, and population growth. The segment is expected to be influenced by the increased concerned over emission levels. A data released by the International Organization of Motor Vehicle Manufacturers (OICA) revealed that in from 2010 to 2017 there was 26.95% increase on the over sales on passenger cars. Macroeconomic factors such as growth the middle-class population, increased disposable income, are improving standard of living are also providing tailwinds to the passenger car segment. Vehicle manufacturers striving to make their product more efficient and environment friendly. Fuel-economy and vehicular population are among the key area of focus. The focus is shifting towards developing future-ready automotive solutions. Get Free Sample @ https://www.marketresearchfuture.com/sample_request/7683 Regional On the basis of region, the global automotive industry has been segmented into Asia-Pacific (APAC), Europe, North America and the Rest of the World (RoW). The automotive sector has witnessed unprecedented growth in APAC in recent years. The region has a become the go- to destination for car manufacturers. In APAC, countries such as China, Japan, South Korea, and India are making significant contribution to the industry. China especially has been a standout performer. During the forecast period, China’s dominance in automotive manufacturing is likely to remain unchallenged despite the emergence of new low-cost alternatives. Major American, European and Japanese car makers have set up manufacturing facilities in China owing the cost-benefits and availability of raw materials. After APAC, North America and Europe are the other two key destinations for the stakeholders. Get Full Report @ https://www.marketresearchfuture.com/reports/automotive-industry- 7683 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research

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