Automotive industry statistics 2018Market experts have located that, more than the past couple of years, emotional attachment to cars has decreased drastically. This explains why auto sharing has grow to be extremely well-known, even in emerging economies in the APAC and the EMEA regions. The reality that by 2030, a single out of every ten automobiles sold is estimated to be a shared automobile, reflects the expanding awareness to ‘go green’ and lessen carbon footprints.

The U.S. population is equivalent to four.3% of the international population, making it the third largest economy in terms of population. High urban population and escalating GDP growth rate are probably to have a positive impact on the automotive sector, thereby augmenting the metals demand more than the next eight years. For example, Ford indicated that US$300 million were spent in mobility and autonomous autos development in 2017 and that it would invest US$11 billion by way of 2022 to introduce and market 3 dozen battery-electric vehicles and hybrids.

After a light car 2017 production record, NAFTA renegotiations, the U.S. new tax law competitiveness hot potato and the fascinating presidential election in Mexico blur the horizon. North America is a single of the key markets for automotive metals worldwide. Initiatives undertaken by the government to enhance the vehicle fuel efficiency and lessen the carbon dioxide emission is expected to open new possibilities for the marketplace over the coming years.

Automotive Industry Sectorautomotive sector growth 2018

automotive industry growth rate 2018The worldwide automotive marketplace is continuing … READ MORE ...