The motor vehicles manufacturing industry manufactures motorcycles, bicycles, automobiles, light trucks and heavy duty trucks.
Motor Vehicles Manufacturing Global Market Size
The global motor vehicles manufacturing market was valued at $3450.7 billion in 2017. Asia Pacific was the largest geographic region in the motor vehicles market in 2017, accounting for $1302.6 billion or 37.7% market share. China was the largest country in the market in 2017, accounting for $711.1 billion or 20.6% market share.
Motor Vehicles Manufacturing Global Market Trend
Additive manufacturing is continuously evolving and automobile manufacturers are now using 3D printing technology to reduce production time and costs. 3D printing creates a three-dimensional physical object using a digital design. It is being used to build prototypes of cars, concept models, design verification and functional parts used in test vehicles and engines. Automobile manufacturers are also using 3D printing to build a variety of tools, jigs and fixtures used in assembly and manufacturing processes. 3D printing helps in rapid prototyping, increases assembly line efficiency, lowers turnaround time, improves flexibility in design and reduces wastage of materials.
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 Manufacturing Global Market Segmentation
The motor vehicles manufacturing market is segmented into Commercial Vehicles Manufacturers, Passenger Car Manufacturing, and Motorcycle, Bicycles and Parts Manufacturing.
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.