Industry Analysis & Industry Trends
Revenue for the Automobile Manufacturing industry is expected to total $559.8 billion in 2014, up 11.3% from 2013. Industry revenue has been increasing at an annualized rate of 14.2% during the past five years, driven by rising domestic demand across urban and rural areas and increasing exports.
Industry profitability was relatively low in 2008 at 6.2% of revenue, due to weaker local demand, falling prices, rising production costs and increased sales of low-priced and low-profit cars. Since then, however, profit margins have been widening as the industry benefited from booming automobile sales growth. Profit is estimated at 10.8% of revenue in 2014.... purchase to read more
Industry Report - Industry Products Chapter
ACMR-IBISWorld's product segmentation analysis for this industry is based on sales volumes of various automobiles, excluding automobile engines.
A new classification system for automobiles was adopted in 2005, with two major categories: passenger vehicles and commercial vehicles. Passenger vehicles are subdivided into four segments: basic-type (or cars), multipurpose vehicles (MPVs), sport utility vehicles (SUVs) and cross-type vehicles... purchase to read more