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(Transportation-News.com, September 12, 2018 ) 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 per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the transportation manufacturing market to grow at a lower CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest 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 and electric cars is expected to boost this industry, as there is a shift in the industry towards 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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