The motor vehicles manufacturing market
manufactures motorcycles, bicycles, automobiles, light trucks and heavy-duty
trucks.
The global motor vehicles manufacturing market is valued at around
$3 Trillion in 2017. This market is expected to
register a high growth rate in the forecast period due to the positive economic
outlook in both developed and developing economies, expected increase in demand
for hybrid and electric vehicles spurred by technological developments,
innovation and changing environmental regulations.
Asia Pacific was the largest region in
the motor vehicles market in 2017, accounting for more than one-third of the
market share.
The motor vehicles manufacturing market
in The Business Research Company’s report is segmented into commercial vehicle,
passenger car, and motorcycle & bicycle. While the first two segments
account for almost 95% of the market share, the remaining is attributed to the
motorcycle & bicycle segment.
China was the largest
country in the motor vehicles market in 2017, accounting for more than one-fifth
of the market share. This was the result of the growing demand for personal
mobility and government subsidies on smaller engine vehicles which in turn
increases the demand for the motor vehicles. China was followed by the USA and Germany.
Toyota Motor Corporation (Toyota) was the
largest company in the motor vehicles market in 2017, followed by Volkswagen AG
and General Motor Company. Toyota is a multinational automotive manufacturer,
headquartered in Aichi, Japan.
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