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Automotive
The mission of the Automotive industry – one of the most globalised industries – is to provide safe and accessible transportation for the world’s increasing population. The industry is one of the main engines of economic growth, with important multiplier effects both in upstream sectors such as metal processing, chemicals, and textiles, and in downstream sectors like ICT, trade and services. It is also one of the biggest innovators on a global scale, rapidly adopting breakthrough technologies that address the need for more efficient and environmentally-friendly transport solutions.
The Automotive industry involves the manufacturing of bodies, engines, parts and whole vehicles for ground transportation. Such vehicles include motorcycles, cars, light commercial vehicles and heavy commercial vehicles.
In 2018, Mexico was the world’s sixth largest vehicle manufacturer, with an output of 4.1mn units, climbing one place compared to 2017. Between 2012 and 2018, domestic vehicle production surged by a cumulative 35.1%, propelled by two factors ...
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As the growth of China’s GDP and car sales have slowed, the expansion of its car parts industry has decelerated too. Statistics published by Chinese research consultancy Qianzhan Intelligence estimate the total sales revenue of China’s ...
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In 2018, motor vehicle output and sales in Brazil rose for a second consecutive year, after a prolonged period of contraction. Acceleration in domestic demand stemming from greater consumer and business confidence, as well as record-low borrowing ...
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Proximity to Western European markets, low-cost skilled labour and favourable investment environment have turned Emerging Europe into a preferred location for major automotive producers and helped the region claim an increasing share of the global ...
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Turkey’s automotive sector recorded solid growth in 2017, with production and exports hitting new record highs for the third straight year. The surge was supported by increased investments, with local automotive manufacturers expanding their ...
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The automotive industry in Russia has a relatively small share in the country’s economy and employment. The sector generates less than 1% of Russia’s gross domestic product (GDP) and provides employment to about 600,000 people, or less ...
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The revenue of China’s automotive sector in Q3 2018 dropped by 10.3% y/y to RMB 1,895.1bn, mainly due to declined sales of automobiles. In Q3 2018, automotive sales fell by 6.5% y/y to 6.4mn units following the slowdown of the Chinese economy ...
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The automotive industry is a strategic sector for the Romanian economy. In 2016, the manufacture of motor vehicles and other transport equipment (which includes the production of both vehicles and car components) generated 3% of total gross value ...
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Asia enjoys excellent positions in the global automotive market, as it is among the world’s largest vehicle producers and consumers. Six Asian countries – China, India, South Korea, Thailand, Malaysia, and Indonesia – accounted for ...
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Malaysia is the third largest manufacturer and market for motor vehicles, excluding motorcycles, in the ASEAN region, behind Thailand and Indonesia. The motor vehicle industry, including motorcycles, is dominated by passenger vehicles, which ...
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