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(USGovernment-News.Com, January 18, 2019 ) The Business Research Company’s motor vehicles global market report, covers the year-on-year growth of the global motor vehicles market historic and forecast growth. It also includes chapters on the motor vehicles market trends, geographical analysis, and competitive landscape.
The global motor vehicles market size is expected to reach $4 trillion by 2022, significantly growing at a CAGR of around 5% during the forecast period
Motor Vehicles Market Trends
The motor vehicle market consists of sales of motor vehicles or motor vehicle chassis by entities (organizations, sole traders and partnerships) that produce complete automobiles, light duty motor vehicles, and heavy duty trucks (i.e., body and chassis or unibody) or produce motor vehicle chassis only.
Additive manufacturing is continuously evolving and automobile manufacturers are now using 3D printing technology to reduce production time and costs. 3D printing creates a three-dimensional physical object using a digital design. It is being used to build prototypes of cars, concept models, design verification and functional parts used in test vehicles and engines. Automobile manufacturers are also using 3D printing to build a variety of tools, jigs and fixtures used in assembly and manufacturing processes. 3D printing helps in rapid prototyping, increases assembly line efficiency, lowers turnaround time, improves flexibility in design and reduces wastage of materials.
The global motor vehicles market is primarily driven by low fuel prices, increased demand for motor, vehicles in emerging countries such as China and India owing to rising disposable income and surge in manufacturing activity increased the demand for commercial vehicles in these countries.
The global motor vehicles market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With positive economic outlook in both developed and developing economies, expected increase in demand for hybrid and electric vehicles spurred by technological developments, innovation and changing environmental regulations, the global motor vehicles market is expected to increase in potential and scope. TBRC’s report also covers the motor vehicles drivers and restraints in the market.
The global motor vehicles market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global motor vehicles market report are Toyota Motor, Volkswagen Group, General Motors, Daimler AG, Ford Motor, Fiat Chrysler Automobiles, Honda, Nissan, SAIC Motor, and BMW Group.
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The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15
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