The auto is a primary mode of transportation for many developed economies. The Detroit branch of Boston Consulting Group anticipated that, by 2014, one-third of world need would be in the 4 BRIC markets (Brazil, Russia, India and China). On the other hand, in the industrialized countries, the automobile industry has actually slowed. It is also anticipated that this trend will continue, especially as the more youthful generations of individuals (in extremely urbanized countries) no longer desire to own a vehicle any longer, and choose other modes of transportation.
Emerging auto markets currently buy more vehicles than recognized markets. According to a J.D. Power research study, emerging markets accounted for 51 percent of the international light-vehicle sales in 2010. The research study, performed in 2010 anticipated this trend to speed up. Nevertheless, more current reports (2012) confirmed the opposite; specifically that the automotive market 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 guideline. 1990s: production began in NICs 2000s: increase of China as top manufacturer to 1950: USA had actually produced more than 80% of motor lorries. 1950s: UK, Germany and France rebooted production.
US, Japan, Germany, France and UK produced about 80% of automobile through the 1980s. 1990s: South Korea became a volume manufacturer. In 2004, Korea became No. 5 passing France. 2000s: China increased its production drastically, and became the world's largest producing nation in 2009. 2010s: India overtakes Korea, Canada, Spain to end up being fifth biggest car manufacturer.
4%), India, Korea, Brazil and Mexico rose to 43%, while the share of U.S.A. (12. 7%), Japan, Germany, France and UK was up to 34%. 2018: India surpasses Germany to end up being fourth largest vehicle manufacturer. World motor production (1997-2016) Year Production Modification 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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