The motor vehicle manufacturing
industry relies heavily on other industries such as metal, plastic, rubber,
leather, textile and chemical manufacturing industries for raw materials.
Steel, aluminum, iron, glass, petroleum products, rubber and special fibers are
procured from manufacturers. Stamping, welding, painting, assembly and
inspection are major processes in an automobile manufacturing facility. Parts
that are sequentially assembled on an assembly line include the engine, front
and rear suspension, fuel tank, rear-end and half shafts, transmission, drive
shaft, gear box, wheel drums and the brake system. Interior components of a
vehicle such as instrumentation, wiring systems, dash panels, interior lights,
steering column and brake and gas pedals are then integrated to complete the
assembling process of the vehicle.
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The global motor vehicles market has
shown growth in the past years with a CAGR of over 7%. The year 2017 recorded
high growth in the market with a net value of $3450 billion as per TBRC’s
in-house consultants.
TBRC’s latest report show the historic
and future trends in the market for each year with sourced reasons to support
the growth claims.
The report also shows the global motor
vehicles market to grow at a higher CAGR by 2021 as compared to 2017, along
with geographies best suited for investments with highest return rate.
Sample
report:
Additive manufacturing is continuously
evolving and automobile manufacturers are now using 3D printing technology to
reduce production time and costs. 3D printing creates a three-dimensional
physical object using a digital design. It is being used to build prototypes of
cars, concept models, design verification and functional parts used in test
vehicles and engines. Automobile manufacturers are also using 3D printing to
build a variety of tools, jigs and fixtures used in assembly and manufacturing
processes. 3D printing helps in rapid prototyping, increases assembly line
efficiency, lowers turnaround time, improves flexibility in design and reduces
wastage of materials. For instance, in 2014, Local Motors, an American motor
vehicles manufacturing company, developed the first 3D-printed car from an ABS
carbon fiber blend. In
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October 2016, Honda released a single
seater micro commuter in Japan, with its body and majority of panels being
3D-printed. The revenue from 3D printing automotive market is expected to reach
$2.3 billion by 2021, thus indicating high potential for this technology in the
forecast period.
Companies included in the report are Toyota
Motor, Volkswagen Group, General Motors, Daimler AG, and Ford Motor.
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