Car Manufacturing Industry in Top 5 Emerging Markets Anticipated to Grow Swiftly with a CAGR of 6% by 2021

Rapid developments in the automotive industry has always come up with something new and advanced features in the vehicles. With the growing demand for cars in the global market, the manufacturers are dabbling with new technologies and vehicle concepts that have the potential to transform the automobile, which is enhancing the market growth from the past few years. The discussion on the rapidly changing market of car manufacturing can be found in the latest report, titled “Car Manufacturing Top 5 Emerging Markets Industry Guide 2017”, which has been recently broadcasted to the massive repository of Market Research Hub (MRH). This study provides top-line qualitative and quantitative summary information including market share, market size (value and volume 2012-16, and forecast to 2021).

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The automotive industry is a wide range of companies and organizations involved in the design, development, manufacturing, marketing and selling of motor vehicles and passenger cars. This study mainly compares and analyzes the market size and growth from top 5 emerging countries which includes Brazil, China, India, Mexico and South Africa. It has been observed by the study that automakers have made massive investments in emerging market countries due to the strong demand for cars. These countries have contributed $223.0 billion to the global car manufacturing industry in 2016 and within the industry, China is the leading country among the top 5 emerging nations, with market revenues of $170.5 billion in 2016. This was followed by India and Brazil with a value of $19.3 and $18.8 billion, respectively.

Initially, the report starts with the industry outlook of car manufacturing industry in the above-mentioned countries and also carries out entry-level research by identifying the size, growth and leading players operating in the emerging five cars manufacturing market. Going forward, analysts have used Five Forces analysis to determine the competitive intensity and therefore attractiveness of this market. According to the key highlights of the study, the top 5 emerging countries are expected to reach a value of $298.3 billion in 2021, with a CAGR of 6% over the 2016-21 period. Already the world’s largest auto market, China is expected to boost annual vehicle sales of more than 30 million by 2020.

Among the top five emerging nations, China is expected to lead the car manufacturing industry with an impressive value of $240.8 billion in 2021, followed by India and Mexico with expected values of $24.5 and $15.2 billion, correspondingly. As a result of fast-growing sales during recent years, China’s registration of vehicles has grown steadily and quickly. The increase is driven by fast economic growth, lower prices and strong demand from regional cities.

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Additionally, the research highlights leading company profiles which reveal details of key car manufacturing market players in the emerging nations.

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This release was published on openPR.