The automotive industry is a wide range of companies and organizations involved in the design, expansion, production, promotion, and selling of motor vehicles. It is one of the world’s most important economic sectors by income.
Top Manufacturer of the Industry
According to a survey report according to 2013 top 10 manufactures of this industry are:
- General Motors
- Fiat Chrysler Automobiles
- PSA Peugeot Citroen
The vehicles manufactured by the companies are categorized as:
- Passenger cars
- Light commercial vehicles
- Heavy trucks
- Buses and coaches
Statistics about Automotive industry in 2015
- Worldwidesales of passenger cars are forecast 73.9 million vehicles in 2015
- China and the United States are counted among the largest automobile markets internationally in terms of production and sales.
- 7 million Passenger cars were sold to U.S. customers in 2014, and around 4.25 million cars were produced in the same year.
- The United States became a key automotive market when Ford introduced assembly line car production in the early 1900s to mass-manufacture its Model T. Today
- The Ford Motor Company positions among the leading manufacturersof passenger cars.
- If we notice in terms of profits and returns,Toyota, Volkswagen and General Motors top the list of major automobile makers, while the automotive supplier industry is subjugated by Bosch, Continental, Denso and Magna.
Due to increasing demands the automotive industry is flourishing very vastly and now contributing more in country’s economy. If we see the history of automotive industry then we came to know that it began in the 1890s with hundreds of manufacturers that initiate the horseless carriage. Then for many decades United States was key player in this industry. U.s became dominated till 1980 then there is a shift in the industry .U.S. was overtaken by Japan and became world’s leader again in 1994. In 2006, Japan intently passed the U.S. in manufacturing and held this position until 2009, when China took the top mark with 13.8 million units. With 19.3 million units manufactured in 2012, China almost doubled the U.S. production, with 10.3 million units, while Japan was in third position with 9.9 million units.