The global car manufacturing industry
produces large amount of revenue and is the one of the fastest growing
industries all over the world. The landscape of this entire industry has been
completely changed with group of 8 countries (G8) leading this dynamic market.
Many new trends have been witnessed from electric vehicles to autonomous automobiles
which have the potential to change the future of mobility segment.
According to the study, ‘Automotive
Manufacturing Global Group Of Eight (G8) Industry Guide 2013-2022’, among
the G8 countries, United States is the leader in the automobile manufacturing
industry which is followed by Japan and Germany. American automobile
manufacturing industry is a huge contributor to their own national GDP.
Automobile manufacturers are also the largest exporters in the United States
generating huge amount of revenue from it. Not only in the terms of revenue
generation but companies in USA are also the largest investors of R&D who
put huge amounts into not only design of cars but also cost efficiency with
respect to total as well as on road cost. Fiat Chrysler Automobiles, Ford
Motors and General Motors are the companies with largest market share that are
operating from United States. Not only this, but automobile sector is also one
of the major employers in the United States. Automobile companies in
collaboration with technology giants such as Google and Apple to build
autonomous vehicles and this trend has risen from the United States only
primarily due to the presence of advanced infrastructure and presence of
multiple highly advanced technology firms.
Japanese Automobile industry is one of
the core industrial sectors in the country. The country is not just a massive
consumer for the automobile industry but also a huge exporter. The country is
the highlight when it comes to production of passenger vehicles. The country
houses some of the most prominent car manufacturers of the world. These include
Toyota, Hyundai, Nissan and Suzuki to name a few. Automobile certificate
verification is essentially based on type approval system which covers all
types of vehicles, both domestic and imported. The overall regulatory
environment in Japan is not very comprehensive and requires just few
certifications before the companies can start manufacturing the new proposed
model.
Germany is the third largest manufacturer
of Automobiles amongst the G8 countries. Germany is known not for its huge
production potential or exports but for its cutting edge technology it implies
in production of automobiles. The cars produced in Germany are top quality when
it comes to design and safety because of the innovations in their assembly
lines and production processes. The automobile industry in the Germany is the
biggest in the European Region. Some of the world famous brands such as Audi,
Porsche, Mercedes as well as Ford are German born products. Due to the rising
energy concerns, manufacturers in Germany were the first to shift to electric
manufacturing of cars. While this is a new trend in other countries, Germany
has well advanced its research into this segment.
The future of the global automobile
industry is very bright with some new trends like electric vehicles and
autonomous vehicles picking up the pace. The G8 countries especially USA, Japan
and Germany are expected to lead the trend due to huge resources available with
the companies in these countries which translate into their ability to sustain
this change.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
