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The automotive industry is one of the largest sectors by revenue in the world and an engineering marvel. This industry is marked by engineering, design, technological development, manufacturing, distribution, sales & marketing, and post-sales maintenance of automobiles and motor vehicles. 45000+ Automotive Reports and Counting.

The major types of automobiles are cars, light commercial vehicles, heavy commercial vehicles, and buses. For legal purposes, motor vehicles are often identified within several vehicle classes, including passenger cars, light, medium, and heavy commercial vehicles, and multi-utility vehicles such as jeeps, scooters, motorcycles, mopeds, three-wheelers, tractors, etc. We can categorize automobiles based on fuel consumption capacity as gasoline, diesel, and electric; alternative fuels, such as ethanol and combined electric motor-heat engine drives and hybrids. Around the world, about 806 million cars and light trucks were on the road in 2007, consuming over 260 billion US gallons (980,000,000 m3) of gasoline and diesel fuel yearly.

Automotive Market Research Blogs

1. Porter's Five Forces Analysis of Automotive Telematics Market and Industry Leaders
2. Automotive Telematics Market SWOT Analysis and Future Market Potential
3. Global Electric Vehicles Market Update: Data of Leading Countries and Manufacturers
4. World’s Top 10 Automotive Aftermarket Suppliers
5. Top 10 LiDAR Manufacturers in World

The automotive industry includes car, vehicle manufacturers, component and automotive part manufacturers, re-sellers, and after-market services and parts replacement.

The driving factor for automobile companies is the increasing demand for automobiles due to increasing per capita income and economic growth.

Automotive Industry Current Trends

Global vehicle ownership per capita in 2010 was 148 vehicles in operation per 1000 people. The United States has the world's largest fleet of motor vehicles, with 239.8 million by 2010. China has the second largest automobile fleet in the world, with slightly more than 78 million vehicles, and since 2009, and has become the world's largest new car market.

It is common for automobile manufacturers to hold stakes in other automobile manufacturers. The global production of commercial vehicles would be 77,857,705 a change in production by 26%. The major countries in automobile manufacturing are the US, Germany, South Korea, Brazil, India, and Spain.

The automobile Industry of the US was flooded with foreign automobile companies, especially those of Japan and Germany, after World War II. As the developed markets are getting saturated, the world auto industry is now focused on developing markets of South America, Asia, and Eastern Europe, not to forget the special emphasis on BRIC (Brazil, Russia, India, and China).

Considering the stiff competition, global leaders should adopt the following measures reducing the selling prices of cars manufactured in their factories, improving the level of after-sales service to keep customers satisfied, and opening manufacturing factories in developing nations to reduce the cost of production as well as save shipping charges and thereby enhancing prompt delivery of auto units.

Major Automotive Industry Players

The major automobile manufacturers are Toyota, GM, Volkswagen, Hyundai Motors, Ford, Nissan, Honda, PSA, Suzuki, Renault, Fiat, Daimler AG, Chrysler, BMW, Mazda, Mitsubishi, Chana Automobile, and Tata Motors.

According to the International Organization of Motor Vehicle Manufacturers (OICA), the top vehicle manufacturing groups by volume are Toyota Motor Corporation, General Motors Company, Volkswagen Group AG, Hyundai Kia Automotive Group, Ford Motor Company, Nissan, Honda Motor Company, PSA Peugeot Citroën S.A., Suzuki Motor Corporation, Renault, Fiat S.p.A, Daimler AG, Chrysler Group, LLC, and BMW AG.