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Automotive
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 2023, Malaysia continued to consolidate its position as the third-largest four-wheel motor vehicle manufacturer (behind Thailand and Indonesia) and the second-biggest four-wheel motor vehicle market (behind Indonesia) in the ASEAN region. ...
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Four-wheel motor vehicle production in ASEAN (particularly Thailand, Indonesia, Malaysia, the Philippines, Vietnam and Myanmar) dropped by 31.6% y/y in 2020 due to the negative effects of the COVID-19 pandemic. However, output saw a strong rebound in ...
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In Q2 2024, sales of new motor vehicles in Brazil stood at 629,402 units, increasing by 19.5% y/y and by 22.3% against Q1 2024. Passenger cars were the leading category with a market share of 75% in Q1 2024, followed by light commercial vehicles and ...
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China's automotive sector continued to rank first globally in terms of production and sales in 2023. According to the statistics published by the China Association of Automobile Manufacturers (CAAM), the country's total motor vehicle output and sales ...
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In Q1 2024, sales of new motor vehicles in Brazil stood at 514,571 units, increasing by 9.1% y/y but falling by 24.2% against the previous quarter. Passenger cars were the largest segment with a market share of 73.2% in Q1 2024, followed by light ...
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Brazil is one of the largest motor vehicle manufacturers and leading automotive markets in the world. The Brazilian motor vehicle industry specialises in the production of passenger cars, with the domestic market the main focus. However, the industry ...
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The automotive sector in Central and Eastern Europe (CEE) remained resilient through 2023 and early 2024, overcoming new global and regional challenges. By mid-2024, it had not only regained pre-pandemic production and sales levels but also entered a ...
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China's automotive sector continued to rank first globally in terms of production and sales in 2023. According to the statistics published by the China Association of Automobile Manufacturers (CAAM), the country's total motor vehicle output and sales ...
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Entering Colombia's automotive sector can be strategically approached through various modes. For instance, foreign manufacturers, such as Divemotor, representing brands that include Mercedes-Benz, have entered the market to expand and diversify their ...
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