View statistics related to the automotive industry in Canada. Quick facts New zero-emission vehicle registrations. Vehicle parts and manufacturing accounts for 4.4 per cent The auto industry bailout of GM, Ford, and Chrysler cost $80 billion. Interactive chart of historical net worth (market cap) for Group 1 Automotive (GPI) over the last 10 years. It touches on the following elements as they relate to the automotive industry: national … New R&D initiatives are transforming the industry to better respond to the opportunities of the 21st century. The global automotive aftermarket size is expected to reach USD 513.8 billion by 2027, registering a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. Digitalization of automotive repair and component sales, along with advanced technology incorporations in the automobile aftermarket component manufacturing, is expected to boost the market growth. 10 years ago, 66 million automobiles changed hands throughout the world. The automotive industry is a vital part of the UK economy accounting for more than £71.6 billion turnover and £18.9 billion value added. Get up to speed on any industry with comprehensive intelligence that is easy to read. Could the coronavirus kill off global motor shows? That's big news for an industry worth approximately $2 trillion. That comes out to an annual growth rate of 3.4 percent. The manufacturers building cars and light trucks, along with their suppliers and dealers, generate billions of dollars for the US economy and employ tens of thousands of skilled workers in all 50 states. In 2018, 2.2% of new motor vehicles registered in Canada were zero-emission vehicles (ZEVs) - either plug-in hybrid electric (PHEV) or full battery-electric (BEV) vehicles. Learn what happened and whether it was worth it. In the auto sector, where we are already witnessing revolutionary product changes and where more are certain to come, it is especially difficult. Total foreign direct investment in the U.S. automotive industry reached $114.6 billion in 2018. The auto industry is far from being a growth market. Industry market research reports, statistics, analysis, data, trends and forecasts. 2017 Automotive Industry Trends. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. Edmunds warns of a tough 2019 for US auto industry as sales slide for second time since Great Recession and profits shrink ... How much deeper the downturn will go is a … Focus on returns. In 2014, it was 88 million. Global sales of passenger cars are forecast to hit 78.6 million vehicles in 2017. View statistics related to the automotive industry in Canada. There are so many factors of production in the automotive industry. Along with China, the United States is counted among the largest automobile markets worldwide, both in terms of production and sales. With some 169,000 people employed directly in manufacturing and 814,000 across the wider automotive industry (1). In 2018, 2.2% of new motor vehicles registered in Canada were zero-emission vehicles (ZEVs) - either plug-in hybrid electric (PHEV) or full battery-electric (BEV) vehicles. And even the big auto-makers are getting in on the action. In 2016, UK automotive industry productivity was 40 per cent higher than other manufacturing sectors and 80 per cent higher than the economy as a whole.5 12. The U.S. auto market hit a record for new cars, with 17.5 million in sales, in 2015. Find industry analysis, statistics, trends, data and forecasts on Global Car & Automobile Sales from IBISWorld. The organization’s 2018 report says that the automakers in the country have exported vehicles and parts worth over $692 billion over the past five years. Some of them include market demand, availability of resources, human resource, cost of production and so much more. Statistics & Facts on the Global Automotive Industry. Quick facts New zero-emission vehicle registrations. As the U.S. auto repair industry booms at $67 billion annually, the industry is experiencing its most dramatic shift in decades — and only AAMCO is prepared for it. According to CompTIA , there are more than 525,000 software and IT services companies in the United States (approximately 40,500 tech startups were established in … Sales the following year were flat then dipped to 17.2 million in 2017 and rebounded in 2018, rising to 17.3 million.