Global automotive manufacturing industry is highly concentrated with top five players contributing approximately half of the market share. The market is classified into original equipment manufacturers (OEMs), aftermarket (including spare parts, composites & solutions manufacturers) and custom-built manufactures.
The market offers high opportunity for innovative & differentiated products. Socioeconomic trends, government regulations and customer requirements are driving demand of differentiated products. In order to diversify and maintain a right cost balance, many OEMs are vertically integrating their operations across raw material sourcing to manufacturing & assembling to sales & aftersales services. Presently, aesthetics, safety, latest technology and better fuel efficiency are the factors driving consumer buying behaviour.
Automobile manufacturing market is trending towards development of driverless or autonomous vehicles (AV) designed to sense environment and navigate without human inputs. In addition, many leading manufacturers are focusing on developing environment friendly & fuel efficient electric hybrid cars, however, higher cost and limited movement range are some challenges.
Automotive manufacturers use various types of composite materials to manufacture automobile components. Composite materials market can be segmented into polymer matrix composites (PMC), metal matrix composites (CMC) and ceramic matrix composites (CMC). Of these, PMCs are most commonly used composites because of their lightweight features.
ASDReport.com has extensive collection of reports on automotive manufacturing. The reports cover various topics and products related to the automotive manufacturing market like, composites, automobile textiles, dual fuel engines, security & electronic system and much more.