The transportation manufacturing
market consists of the revenues generated from services and related goods by
entities (organizations, sole traders and partnerships) that provide benefits
and facilities relating to food supplies, education, health care, disaster
relief activities and housing services and are offered by private or government
establishments to improve the living conditions and social well-being of under
privileged children, disabled, elderly and the poor in a community.
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The transportation manufacturing
market expected to reach a value of nearly $7601.28 billion by 2022,
significantly growing at a CAGR of 10.9% during the forecast period. The growth
in the transportation manufacturing market is due to increase in new vehicle
sales in rapidly developing countries such as China and India owing to rise in
disposable income, increased demand for hybrid electric vehicles, availability
of credit and low fuel prices.
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The global transportation
manufacturing market is further segmented based on type and geography.
3D printing for aircraft parts,
block chain to shape aircraft manufacturing and growing focus on light weight
vehicle components are improving construction safety are the major trends
witnessed in the global transportation manufacturing market.
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