Market size and Growth of automobile industry.
                     Market size and Growth of 
automobile industry
Introduction
• The automotive industry incorporates organizations 
and associations engaged with the plan, 
advancement, and assembling of autos. 
• The vehicles are extensively ordered into traveler 
vehicle and business vehicles
Introduction
• The automotive industry incorporates 
organizations and associations engaged with the 
plan, advancement, and assembling of autos. 
• The vehicles are extensively ordered into traveler 
vehicle and business vehicles
Demand of Industry
• Urbanization and the expanding per capital pay 
and the ascent popular for vehicles in level 2 and 
level 3 urban communities are the main 
considerations driving the interest for cars, 
everywhere throughout the world.
Leaders of Industry
• China, Germany, and the US are the countries that 
are leading in terms of production and sale of 
automobiles.
Key Players
• The key players working in the worldwide car industry are Volkswagen AG (Germany), 
General Motors (US), Toyota Motor Corporation (Japan), SAIC Motor Corporation 
Limited (China), Ford Motor Company (US), Nissan Motor Corporation (Japan), Hyundai 
Motor Company (South Korea), Fiat Chrysler Automobiles (US), Honda Motor 
Corporation (Japan), and Daimler AG (Germany
Key Findings-1
• The global automotive industry is estimated to reach 1,14,250 thousand 
units by 2024.
Key Findings-2
• Based on area, Asia-Pacific held the biggest piece of the overall industry of 
53.91%, estimated at 52,249 thousand units in 2017 and is anticipated to 
enlist a CAGR of 2.74%. 
Key Findings-3
• Asia-Pacific represented the biggest market in the worldwide car industry, 
attributable to the expanding request from creating countries. Additionally, 
the convergence of a few key players, for example, Toyota Motor 
Corporation, SAIC Motor Corporation Limited, Nissan Motor Corporation, 
Hyundai Motor Company, Honda Motor Corporation in the locale adds to 
the market development in Asia-Pacific.
Future
• As indicated by a PwC report, there are five principle drifts that will change 
the automobile business through 2030. 
• They are summarized in the abbreviation 'EASCY': energized, self-ruling, 
shared, associated, and yearly refreshed.
Source: seekingalpha.com
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