The automobile is a main mode of transport for many industrialized economies. The Detroit branch of Boston Consulting Group predicted that, by 2014, one-third of world need would remain in the four BRIC markets (Brazil, Russia, India and China). On the other hand, in the industrialized nations, the vehicle industry has slowed. It is likewise anticipated that this trend will continue, particularly as the more youthful generations of individuals (in extremely urbanized countries) no longer want to own a car anymore, and choose other modes of transport.
Emerging auto markets currently buy more cars than recognized markets. According to a J.D. Power research study, emerging markets accounted for 51 percent of the worldwide light-vehicle sales in 2010. The research study, carried out in 2010 anticipated this trend to speed up. Nevertheless, more current reports (2012) confirmed the opposite; particularly that the vehicle industry was decreasing even in BRIC nations.
8 million units. Production volume (1000 automobiles) 1960s: Post war increase 1970s: Oil crisis and tighter security and emission regulation. 1990s: production started in NICs 2000s: rise of China as top producer to 1950: U.S.A. had produced more than 80% of motor vehicles. 1950s: UK, Germany and France restarted production.
United States, Japan, Germany, France and UK produced about 80% of motor lorries through the 1980s. 1990s: South Korea became a volume producer. In 2004, Korea ended up being No. 5 passing France. 2000s: China increased its production considerably, and ended up being the world's biggest producing nation in 2009. 2010s: India surpasses Korea, Canada, Spain to become 5th biggest automobile producer.
4%), India, Korea, Brazil and Mexico increased to 43%, while the share of USA (12. 7%), Japan, Germany, France and UK was up to 34%. 2018: India overtakes Germany to end up being fourth biggest automobile manufacturer. World motor production (1997-2016) Year Production Change Source 1997 54,434,000 1998 52,987,000 2. 7% 1999 56,258,892 6.
8% 2001 56,304,925 3. 5% 2002 58,994,318 4. 8% 2003 60,663,225 2. 8% 2004 64,496,220 6. 3% 2005 66,482,439 3. 1% 2006 69,222,975 4. 1% 2007 73,266,061 5. 8% 2008 70,520,493 3. 7% 2009 61,791,868 12. 4% 2010 77,857,705 26. 0% 2011 79,989,155 3. 1% 2012 84,141,209 5. 3% 2013 87,300,115 3.
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