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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.
The Colombian automotive sector is highly skewed towards the production of motorcycles. As motorcycles are the preferred mode of transport of the population, the country has emerged as the second-largest producer of two-wheel motor vehicles in South ...
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The first quarter of 2018 started with significant trade tensions between the US and China, with president Trump increasing import tariffs for steel and aluminium from China and then asking for a USD 100bn cut in the trade surplus with China from ...
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The automotive sector is one of the key industries in Poland and it generated around 7% of the country's GDP in 2016. A total of 174,000 people are employed in the manufacturing of motor vehicles, trailers and semi-trailers, accounting for more than ...
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In 2017, Mexico was the world’s seventh-largest vehicle manufacturer, with an output of 3.93mn units. Between 2011 and 2017, the domestic vehicle production surged by a cumulative 46%, propelled by two factors: the increasing exports ...
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India houses one of the fastest-growing auto industries in the world. The market has surged from INR 1.87tn in FY2008 to more than INR 5tn in FY2016, and the government expects it to grow to INR 19tn by FY2026. Autos accounted for 6.3% of ...
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Indonesia is the largest automotive market in the ASEAN region and the second largest motor vehicle manufacturer, after Thailand. In 2017, Indonesia’s automotive sector contributed about 2% to the country’s GDP and accounted for ...
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The automotive sector in Hungary plays an important role in the country’s economy and exports. In 2016, the transport equipment GVA represented a 4.5% share in the country’s GDP. In 2016, the transport equipment sector accounted ...
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Over the 2014-2016 period, the automotive industry of Argentina experienced a sharp drop in production and sales, after a robust expansion between 2003 and 2013. Several factors contributed to this downward trend: the contraction of the ...
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In 2017, China’s automotive sector showed signs of entering a maturity phase. The output and sales declined in the last quarter and large deals took place towards the end of the year, showing further sector restructuring and consolidation. At ...
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The third quarter of 2017 recorded a stable growth in the sales and output of motor vehicles, a more intense competition between major players, leading to lower prices and profit declines y/y. Imports grew faster compared to exports, showing a growth ...
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