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.
Proximity to Western European markets, low-cost skilled labour and favourable investment environment have turned Emerging Europe into a preferred location for major automotive producers and helped the region claim an increasing share of the global ...View more details
Turkey’s automotive sector recorded solid growth in 2017, with production and exports hitting new record highs for the third straight year. The surge was supported by increased investments, with local automotive manufacturers expanding their ...View more details
The automotive industry in Russia has a relatively small share in the country’s economy and employment. The sector generates less than 1% of Russia’s gross domestic product (GDP) and provides employment to about 600,000 people, or less ...View more details
The revenue of China’s automotive sector in Q3 2018 dropped by 10.3% y/y to RMB 1,895.1bn, mainly due to declined sales of automobiles. In Q3 2018, automotive sales fell by 6.5% y/y to 6.4mn units following the slowdown of the Chinese economy ...View more details
The automotive industry is a strategic sector for the Romanian economy. In 2016, the manufacture of motor vehicles and other transport equipment (which includes the production of both vehicles and car components) generated 3% of total gross value ...View more details
Asia enjoys excellent positions in the global automotive market, as it is among the world’s largest vehicle producers and consumers. Six Asian countries – China, India, South Korea, Thailand, Malaysia, and Indonesia – accounted for ...View more details
Malaysia is the third largest manufacturer and market for motor vehicles, excluding motorcycles, in the ASEAN region, behind Thailand and Indonesia. The motor vehicle industry, including motorcycles, is dominated by passenger vehicles, which ...View more details
China’s automotive sector revenue in Q2 2018 experienced a slight drop of 0.8% y/y to RMB 2,077.8bn, mainly due to lower prices. At the beginning of 2018, the Ministry of Finance cancelled preferential policies on vehicle purchase tax and this ...View more details
The Czech automotive sector’s GVA represents slightly over 5% of the country’s GDP. According to the Czech Automotive Industry Association (SAP), car manufacturers make up a quarter of the country's industrial output and 22% of its ...View more details
Latin America is well integrated in the global automotive supply chain, being an important manufacturing and export hub for motor vehicles – the legacy of active government policies for the development of domestic production and comprehensive ...View more details