New York, Feb. 3, 2015 (GLOBE NEWSWIRE) -- Passenger cars and commercial use vehicles constitute themajority of the global automotive industry. With global vehiclesales showing a consistent rise year on year, the automotive andautomobile industry has emerged as a key driver of economic growthin several countries. Automotive materials, parts and supplies,electronics, coating and painting technologies, and passengersafety systems are some of the key segments of the largerautomotive industry. Each of these segments is comprised of severalother specialized industries, each dedicated to advancing the stateof the art of automotive research and manufacturing.
Read more: http://www.persistencemarketresearch.com/article/automotive-industry.asp
Automotive Market History
According to the OICA, the automotive industry manufactured anestimated 66 million vehicles (passenger and commercial) in 2005,an output that translates into a gross revenue of over 2 trillionEuros. This market is known for being R&D-intensive, spendingbillions of dollars on research initiatives and taking automobiletechnology to a whole new level. In addition to this, theautomotive industry creates direct employment that accounts forover 5% of the total number of jobs in the manufacturing industry.
Industry Subsectors and Key Trends
Besides automobile manufacturers, the automotive market iscomposed of hundreds of OEMs manufacturing parts and components,suppliers and distributors of OEMs' components and replacementparts, materials and fuel research/development organizations,fabricators, maintenance professionals and more.
Here are the key subsectors in the automotive industry and theirfuture outlook, as analyzed byPersistence Market Research,and below are the some Published and Upcoming Reports by PMR:
- Automotive HVAC Market:(http://www.persistencemarketresearch.com/market-research/automotive-hvac-market.asp)
Heating, ventilation, air conditioning (HVAC) is integral to anyautomobile - be it a passenger or commercial vehicle. With anincreasing demand for passenger vehicles, the need for HVACvehicles designed for private-use cars will witness an uptick inthe coming years, especially so in the Asia Pacific region.
- Automotive Battery Market: (http://www.persistencemarketresearch.com/market-research/automotive-battery-market.asp)
North America represents the most lucrative market forautomotive batteries. This market will likely exhibit moderategrowth and automobile batteries based on the fuel cell technologywill show much promise in the near future. Growth in this marketwill, however, be hindered by fluctuating raw material prices.
- Automotive co*ckpit Electronics Market:(http://www.persistencemarketresearch.com/market-research/automotive-co*ckpit-electronics-market.asp)
Consumers are increasingly in pursuit of a better, safer drivingexperience that is further enhanced by increasing dependence onsmartphones and the internet - a trend that is heralding the growthof this market. Infotainment and Navigation systems, passengercontrols, sensors and audio and connectivity segments comprise akey part of the global automotive co*ckpit electronics market.
- Automotive Engine Oil Market: (http://www.persistencemarketresearch.com/market-research/automotive-engine-oil-market.asp)
From conventional premium engine oils to fully synthetic engineoils for high-end vehicles to synthetic blended variants, theautomotive engine oil market is currently exhibiting considerableinnovation and growth. While North America is currently the largestmarket for automotive engine oils, aggressive growth is now beingwitnessed in the Asia Pacific region.
View More PMR Reports on AutomotiveIndustry:http://www.persistencemarketresearch.com/category/shipping-and-transportation.asp
Regional Growth in the AutomotiveIndustry
Asia Pacific is the most prolific automotive and automobilemanufacturing region in the world, followed by Europe and NorthAmerica. However, the Eurozone crisis has weakened Europe'sposition in the global automotive industry, and it is expected tobe overtaken by North America. The latter has reported a healthyincrease in vehicle production in recent years.
In APAC, China and Japan continue to remain a manufacturing,supply and distribution hub. However, Japan reported a fall inautomobile production in 2013. Australia, on the other hand, hasseen the collapse of its automotive manufacturing industry becauseof the high cost of labor and manufacturing that prevailshere.
Automotive Industry Leaders
In 2014, Toyota trumped Volkswagen AG to accede to the positionof the largest carmaker in the world. The Japanese automaker soldabout 10.23 million vehicle units in 2014 while its nearestcompetitor--Volkswagen--sold 10.14 million units in the same year.The other key players in the global automotive industry are GM,Renault-Nissan and Hyundai-Kia in that order.
About Us:
Persistence Market Research (PMR) is a U.S.-based full-servicemarket intelligence firm specializing in syndicated research,custom research, and consulting services. PMR boasts marketresearch expertise across the Healthcare, Chemicals and Materials,Technology and Media, Energy and Mining, Food and Beverages,Semiconductor and Electronics, Consumer Goods, and Shipping andTransportation industries. The company draws on itsmulti-disciplinary capabilities and the high pedigree team ofanalysts to share data that precisely corresponds to clients'business needs.
