Automotive industry to grow $904 billion by 2015

Datamonitor has released a new automotive report entitled " Car Manufacturing: Global Industry Guide." According to the report, the global car manufacturing industry will increase its value to 24.1 percent in 2015 from its 2010 status. This will reach the equivalent value of $904 billion.

The report reveals that in 2010, the global car manufacturing industry grew by 22.4 percent to reach a value of $728.3 billion. It also had 15.4 percent growth in the same year reaching a volume of 52,402.5 thousand car units.

From this data, Datamonitor forecasts an increase in the industry of about 24.1 percent to have a value of $904 billion and 17.8 percent to reach the volume of 61,720.5.

The Asia-Pacific region accounts for 46 percent of the global car manufacturing industry value, the report states. It also revealed that Volkswagen is the leading player in the industry, generating a 19.3 percent share of the industry's volume.

The passenger cars manufacturers' market value is calculated in terms of manufacturer selling price (MSP), and excludes all taxes and levies. The volume represents the quantity of completely built up (CBU) cars in a particular country/region. Passenger cars are defined as motor vehicles with at least four wheels, used for the transport of passengers, and comprising no more than eight seats in addition to the driver's seat.

Furthermore, the report contains an executive summary and data on value,锟絭olume and segmentation and provides textual analysis of the industry's锟絧rospects, competitive landscape and profiles of the leading companies. It also incorporates in-depth five forces competitive锟絜nvironment analysis and scorecards.

The report covers the Global, European and Asia-Pacific锟絤arkets as well as individual chapters on 5 major markets (France, Germany,锟絁apan, the UK and the US) and includes a five-year forecast of the industry.