Posted on 29 June 2012 by Ben Stone
The global car manufacturers industry grew at a strong rate in 2011. Some of this growth was encouraged by certain government schemes to encourage purchase of cars which shows that the market is seen as vital to the economic wellbeing of many different countries. This is both in terms of manufacturing and consumer markets. It also allows certain countries to strengthen their export markets as many cars manufactured in regions such as Asia-Pacific are shipped globally with some brands having a large presence across the globe. The global car… Read more
Posted on 27 June 2012 by Ben Stone
Because of on-going financial difficulties being experienced in many nations around the world, truck manufacturers in a myriad of countries have suffered. However, developing countries such as India and China have propped up the industry, allowing the global value to increase despite weak economic conditions in Western countries. The global truck manufacturers industry grew by 8.3% in 2011, to reach a value of $558.6 billion, representing a compound annual growth rate of 4.5% for the period spanning 2007-2011. Growth was primarily driven by demand in South America and Asia-Pacific,… Read more
Posted on 13 June 2012 by Ben Stone
Weak economic conditions and on-going financial difficulties in North America and Western Europe resulted in low market expansion in these regions, which was negated at a global level by strong growth in the South American and Eastern European automotive manufacturing industries. The global automotive manufacturing industry grew by 6.3% in 2011 to reach a value of $1,435.5 billion, representing a compound annual growth rate (CAGR) of 2.5% for the period 2007-2011. Volumes also increased in 2011, growing by 4.3% to reach a volume of 136,589.6 thousand cars, representing a… Read more
