Electric vehicles market share 2017Across the planet there are a large variety of farm machinery manufacturers in an market with annual revenue of more than $100 billion. This study provides an overview of the worldwide automotive motor market place, tracking 4 market place segments across 4 geographic regions. The report research essential players, providing a five-year annual trend evaluation that highlights market place size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the Planet (ROW). The report also offers a forecast, focusing on the market possibilities for the next 5 years for each and every area. The scope of the study segments the international Automotive Motors market by its solution, application, automobile type, and electric car variety, and area.
According to the International Organisation of Motor Vehicle Makers, there are only 44.8 million vehicles in Africa, representing only 3.five% of the worldwide marketplace. For Africa, with its population of about 1.2 billion, there had been only 42 autos per 1,000 inhabitants in 2015. Compared to the international typical, Africa is about four.3 times less. This signals that there is an immense upside for market penetration in the automotive sector. In addition, amongst 2014 and 2015, the automotive industry in Africa grew at a relatively fast pace of 5.eight%, compared to 1.9% and 2.4% for Europe and the United States respectively.
The engine sub segment in the engine components segment is anticipated to grow at a CAGR of three.1% throughout the period of forecast and is estimated to attain a value of far more than US$ 129 Bn by the finish of the period of assessment. This sub segment is anticipated to dominate the engine elements category and hence the parent industry and therefore contributes largely to the revenue growth of the engine components segment for … Read More