The other transportation equipment manufacturing industry comprises establishments engaged in manufacturing transportation equipment (except motor vehicles and parts, aerospace products and parts, railroad rolling stock, ship building, and boat manufacturing).
Other Transportation Equipment Manufacturing Global Market Size
The global other transportation equipment manufacturing market was valued at $544.2 billion in 2017. Asia Pacific was the largest geographic region accounting for $177.2 billion or 32.6% of the global market. The USA was the largest country accounting for $109.7 billion or 20.2% of the global other transportation equipment manufacturing market.
Other Transportation Equipment Manufacturing Global Market Trend
There is an augmented increase in the demand of golf carts powered by lithium-ion batteries. They are eco-friendly, light weight and could be used for various purposes. Its use is increasing in community purposes and in daily transportation needs. Certain factors such as rising fuel prices, regulations on emission of motor vehicles is highly increasing the demand of such vehicles for transportation which is exponentially increasing the demand of other transportation equipment manufacturing market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
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