New report covers worldwide automotive market

Automotive Manufacturing: Global Industry Guide contains a detailed overview of the market, data on the market size, volume and segmentation, along with five forces analysis of the market, reviews of regional and country markets, discussion of the industry competition and profiles of the most prominent market participants. The study also covers market performance over the last five years and outlines future market prospects and its possible development trends.

Currently, the worldwide automotive industry is dominated by about a dozen companies, having a combined share of approximately 78% of the global production. General Motors Company, Toyota Motors Corp., Nissan Motor Co. and Chrysler-Fiat are amongst them. The USA represents the most prominent buyer of vehicles. At the moment, automobile makers are tending to move their production facilities from high-cost locations (eg the European Union) to lower-cost regions and countries such as South America and India, among others.

To maintain the market share, manufacturers are expected to start releasing new car models combining the latest technology and design developments with low production costs. The USA may be deprived of its position of the top automotive market in the forthcoming years, with the rapid demand growth seen in a range of Asia countries, the report predicted.

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