Global Transportation Manufacturing Market Is Valued At $8 Trillion In 2017 According To TBRC’s Latest Report

13/lug/2018 08:35:10 tbrc Contatta l'autore

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The transport manufacturing industry is one of the key segments of the global manufacturing industry. This industry manufactures vehicles which are used for transporting goods and people. Production of various vehicle components is also included in this industry.

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The transportation manufacturing market is valued at $ 8 trillion in 2017. This can be attributed to the positive economic outlook, increasing demand for transportation services . Asia Pacific was the largest region in the transportation manufacturing market in 2017, accounting for two-fifth of the market share.

The transportation manufacturing market in The Business Research Company's report is divided into six segments. Motor vehicles were the largest segment of the market, accounting for more than two-fifths of the market share. Motor vehicle manufacturing account for more than thirty percent share of the market . Aircraft and components manufacturing accounted for one-tenth share of the market. Space, military, and other transportation, ship and boat building and repairing

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China was the largest country in the transportation manufacturing market in 2017, accounting for one-fifth of the market share. This was due to the presence of a large number of motor vehicles. China was followed by the USA and Germany.

The top five competitors in the market are Toyota Motor, Volkswagen Group, General Motors, Daimler AG, and Ford Moto. Toyota Motor Corporation (Toyota) was the largest company in the transport manufacturing market in 2017. It is engaged in the design, manufacture and sale of passenger cars, minivans, commercial vehicles, and related parts and accessories. It also provides financing for customers and dealers for Toyota vehicles.

About The Business Research Company.

The Business Research Company is a Business Intelligence Company, which excels into the company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

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