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.
In Q3 2020, the automotive sector in China continued to improve in terms of production and sales on the back of economic recovery. The automotive production increased by 14.1% y/y to 6.8mn units. Output of passenger car and commercial ...View more details
The production of industrial machinery and equipment is fundamental and crucial to nearly all heavy industries that drive the nation’s economic growth. Key sectors that are heavy consumers of machinery include agriculture, heavy ...View more details
The year 2019 was a challenging one for the global automotive industry, which reported a 5.2% y/y decrease in motor vehicle output, ending ten years of continuous growth. On the one hand, key markets reached maximum automobile ...View more details
In FY2019, the main growth driver of the Indian motor vehicle industry was a solid increase of domestic demand, which grew at a CAGR of 8.7% between FY2016 and FY2019. Domestic demand accounted for an average 85.6% ...View more details
In 2019, Colombia consolidated its positions as the second-largest motorcycle producer in Latin America, after Brazil, and the fourth-biggest manufacturer of four-wheel vehicles in the region. During the year, the domestic vehicle sales ...View more details
Supported by a rebound of economic growth and an array of government policies to stimulate car consumption, the automotive sector in China witnessed double-digit growth both in production and sales during Q2 2020. The automotive production ...View more details
The continued economic recession in Argentina in 2019 pushed down the production and the sales of motor vehicles by 32.5% y/y and 42.8% y/y, respectively. Moreover, production figures were the lowest since 2004 and sales figures were the ...View more details
In 2018, China’s car parts market saw sales revenue rise by 4.2% y/y to reach RMB 3tn, according to figures supplied by the China Association of Automobile Manufacturers collated from 13,019 car parts manufacturers. This is despite a ...View more details