The motor vehicles manufacturing industry manufactures motorcycles, bicycles, automobiles, light trucks and heavy duty trucks. The motor vehicles manufacturing market in this report is segmented into commercial vehicles manufacturers, passenger car manufacturing, and motorcycle, bicycles and parts manufacturing markets.
Motor Vehicles Market Size
Asia Pacific was the largest region in the motor vehicles market in 2017, accounting for 38% market share. Asia Pacific region includes emerging markets such as China and India, and which have a large middle class and upper middle class population owing to strong economic growth over the last few years. Western Europe was the second largest region accounting for 25% market share. Africa was the smallest region accounting for 3% market share.
Motor Vehicles Market Trend
Many motor vehicle manufacturing companies are integrating pre-collision assist and pedestrian detection technology in their vehicles to offer advanced safety features to customers. These technologies help in detection of blind spots and also alerts the driver when they are losing focus while driving, this system can also apply auto brake if driver falls asleep and does not respond to the warning, and thus these technologies significantly improve driver and pedestrian safety. For instance, in 2015, Ford launched Mondeo brand with pre-collision assist and pedestrian technology. Hyundai, Honda, Chevrolet and Volvo have also launched vehicles with pre-collision assist and pedestrian technology.
The companies covered are Toyota Motor, Volkswagen Group, General Motors, Daimler AG, and Ford Motor.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Motor Vehicles Market Segmentation
The motor vehicles market is segmented into Commercial Vehicle; Passenger Car; Motorcycle and Bicycle.
Commercial Vehicles Manufacturers manufacture complete light trucks and utility vehicles such as light duty vans, minivans, pick-up trucks and sports utility vehicles, and complete heavy duty trucks, buses, coaches, heavy duty motor homes and other special purpose heavy duty motor vehicles for highway use.
Passenger Car Manufacturing companies manufacture complete automobiles (with body and chassis) or manufacture automobile chassis only.
Motorcycle, Bicycles and Parts Manufacturing establishments manufacture motorcycles, scooters, tricycles and similar equipment and parts.