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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.
The automotive industry has been by far the most dynamically growing sector in Hungary since the end of the economic crisis of 2008-2009. Motor vehicle production grew by a spectacular CAGR of 18.6% in the period 2010-2015, reaching a record high 495 ...
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The Chinese automotive sector’s y/y growth speeded up in the first nine months of 2016, improving an already strong performance in the first half of the year. In the first nine months of 2016, motor vehicle sales grew by 13.2% y/y to 19.29mn ...
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Mexico’s automotive sector has experienced a steady expansion in the last 20 years. Whereas in 1993 the automotive value chain, including the production of motor vehicles and auto parts, accounted for 1.5% of the country’s GDP and for 8 ...
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Malaysia is the third-largest motor vehicle manufacturer and market in the ASEAN region, behind Thailand and Indonesia. The domestic market is dominated by passenger vehicles, which represented 56.4% of total sales in 2015. Two national brands, ...
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Indonesia is the second-largest motor vehicle manufacturer, behind Thailand, and the largest automotive market in the ASEAN region. Due to a robust growth in recent years, the country is forecast to overcome Thailand in motor vehicle production by ...
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Globally, the Russian automotive sector ranked 12th in terms of sales and 14th in terms of production in 2015. In 2015, its share in the new automotive sales worldwide fell to 1.6% compared to 2.9% share in 2014 as a result of the economic crisis ...
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The Philippine automotive industry and market have been growing steadily over the past five years. Sales in 2015 were by 144.8% higher than they had been in 2007, the year when they first recovered from the slump brought about by the 1997 Asian ...
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The automotive industry has been one of Argentina’s most dynamic since the recovery of the domestic economy from 2003 onwards. Between 2003 and 2011, the production of motor vehicles expanded at a robust CAGR of 21.9%. However, since then the ...
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Thailand’s automotive sector has achieved rapid development in past two decades, making the country the largest auto producer in ASEAN and the 12th-largest in the world. The sector is dominated by the major Chinese automotive manufacturers. ...
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