Motor Vehicle Parts Manufacturing- A Growing Segment In The Transportation Manufacturing Industry

01/ott/2018 09:06:11 tbrc Contatta l'autore

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The transportation 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 global transportation manufacturing market has shown high growth in the past years. The year 2017 recorded highest ever growth in this market with a net value of about $ 8 trillion as for TBRC's inhouse consultants.

TBRC's latest report show the historic and future trends in the market.

CAGR by 2021 as compared to 2017, along with the best return rate.

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Motor vehicle parts manufacturing had the highest CAGR of around 9% during 2013-2017. This was due to increased demand for passenger cars and other commercial vehicles. Increasing demand for hybrid vehicles and more fuel efficient vehicles.

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Companies included in the report are Toyota Motor, Volkswagen Group, General Motors, Daimler AG, and Ford Motor.

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