The
transport manufacturing industry is one of the key segments of the global
manufacturing industry. This industry manufactures vehicles which are used for
transporting goods and people. Production of various vehicle components is also
included in this industry.
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The transportation
manufacturing market is valued at $8 trillion in 2017. This
can be attributed to the positive economic outlook, increasing demand for
transportation services owing to rapid urbanization and advancements in
technology. Asia Pacific was the largest region in
the transportation manufacturing market in 2017, accounting for two-fifth of
the market share.
The transportation manufacturing market in The Business Research
Company’s report is divided into six segments. Motor vehicles were the largest
segment of the market, accounting for more than two-fifths
of the market share. Motor vehicle parts manufacturing accounted for more than
thirty percent share of the market.
Aircraft and components manufacturing accounted for one-tenth share of the market. Space, military, & other transportation,
ship and boat building and repairing, and train and components manufacturing
take up remaining share of the market, each of being less than ten percent.
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China was the largest country in the transportation manufacturing
market in 2017, accounting for one-fifth of the market share. This was due to the presence of a large number of motor
vehicle, aircraft and train manufacturing companies owing to strong demand from
domestic market. China was followed by the USA and Germany.
The top five competitors in
the market are Toyota Motor, Volkswagen Group, General Motors, Daimler AG, and
Ford Moto. Toyota Motor Corporation (Toyota) was the
largest company in the transport manufacturing market in 2017. It is engaged in
the design, manufacture and sale of passenger cars, minivans, commercial
vehicles, and related parts and accessories. It also provides financing to
customers and dealers for purchase of Toyota vehicles.
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