Industry Analysis & Industry Trends
Over the five years to 2016, rising per capita income is expected to drive revenue growth for the Global Car and Automobile Sales industry. The industry's dependency on employment rates, global consumer spending, financing rates and the world price of crude oil make it vulnerable to economic shifts. In the coming years, pent-up demand, improving per capita income and growing consumer sentiment are expected to drive automobile sales... read more
Industry SWOT Analysis
There are two distinct trends in the life cycle stage of the Global Car and Automobile Sales industry. In developed economies, the industry is in a mature stage. There is limited growth potential as the market is saturated. The population is aging and demand is mainly in the form of vehicle replacement, rather than additional vehicle sales.
However, the industry is growing in emerging economies, fueled by rising wealth, improved standards of living and increased access to proper road infrastructure. Industry development is also driven by population growth (particularly young adults) and in the expansion of the car-manufacturing sector. For example, in China, the domestic car manufacturing industry gives Chinese consumers access to cheaper vehicles suitable to Chinese budgets... read more