Automotive and Sub-Industry
The automotive and sub-industry refers to the industry that designs, develops, and produces components, systems, and vehicles for the automotive industry. This sector includes companies that produce cars, trucks, buses, and motorcycles, as well as companies that supply the industry with parts and components, such as engines, transmissions, electronics, and safety systems. The automotive and sub-industry is a major contributor to the global economy, with a large number of jobs and significant economic output in many countries.
Automotive and Sub-Industry Sector Report
The increasing impact of globalization is gradually reducing the differences between the domestic and foreign market activities of the industry. Today, this decrease has led to the need for companies to start to carry out activities that can appeal to all world markets. Being an exporting country no longer means having a say in world markets. Being a name in the industry means maintaining its competitive power by providing continuous development, creating and applying technology. Companies should be able to use value-added chain creation and e-commerce concepts in the concept of “New Economy”, which is one step beyond globalization, in every stage from raw material procurement to sales and distribution stages.
According to “Automotive Industry Research Report Information by Vehicle Type” published on Market Research Future:
- The automotive industry is expected to grow from USD 3,566.5 billion in 2022 to USD 6,070.4 billion by 2030, representing a CAGR of 6.9% during the forecast period.
- The automotive industry totalled USD 3,296.8 billion in 2021. Demand for high-end passenger vehicles, urbanization and economic infrastructure spending are driving the growth of the automotive market.
- The Asia Pacific automotive industry was USD 1,643.3 billion in 2021 and is expected to grow at a CAGR of 7.4% during the forecast period.
- While China is the largest automotive market, India stands out as the fastest-growing automotive market.
- On the other hand, the automobile industry is an important pillar of the economy in Japan due to the presence of large companies such as Toyota, Honda and Nissan located in Japan, supporting the growth of the market. Therefore, Asia-Pacific is expected to register the highest growth rate during the forecast period 2022-2030.
- North America Automobile industry holds the second largest market share due to the continuous development of advanced safety technologies for light commercial vehicles and heavy commercial vehicles to protect the driver from accidents. Moreover, the US Automotive Industry has the largest market share and the Canadian Automotive Industry has been the fastest-growing market in the North American region.
What are the Automotive and Sub-Industry Trade Shows?
Automechanika Dubai: Exhibition for the automotive supplier industry and service equipment. One of the region’s leading events, bringing automotive professionals together in Dubai.
Automechanika Shanghai: Asia’s largest automotive supplier industry fair. Showcasing innovative technologies and products, it is held in Shanghai, China in November each year and brings together more than 6,000 exhibitors.
MIMS Automechanika Moscow: A major automotive exhibition held in Moscow. A wide range of products from passenger cars and commercial vehicles to spare parts are on display.
Automechanika Frankfurt: The world’s largest automotive supplier industry fair. A large event covering all aspects of the automotive industry is organized every two years in Frankfurt.
International Motor Show (IAA): Germany’s most prestigious motor show. New models, concept vehicles, and automotive trends are showcased here.
North American International Auto Show (NAIAS): North America’s leading motor show, held in Detroit. New models and automotive vision for the future are introduced at this fair.
Paris Motor Show (Mondial de l’Automobile): An important motor show in Paris. The event, where new vehicles and automotive technologies are exhibited, always fascinates exhibitors and visitors.
SEMA Show: It is a special equipment and modification fair held in Las Vegas. Special equipment that attracts the attention of automotive enthusiasts is exhibited at this fair.
Tokyo Motor Show: Japan’s leading motor show. Innovative technologies and future car concepts are exhibited in Tokyo, the pearl of Asia.
Which Sector Companies Can Participate in the Automotive and Sub-Industry Trade Shows?
Various sectors within the automotive and sub-industry ecosystem can actively participate in automotive and sub-industry trade shows. These encompass automobile manufacturers unveiling their latest models, auto parts and component suppliers showcasing their offerings, aftermarket and accessories providers displaying customization options, and automotive technology companies spotlighting innovations like electric and autonomous vehicles. Aluminum, iron and steel sector, chemical sector, paint and coatings sector, and casting sector companies that supply raw materials and parts to the automotive sector can participate in these trade shows. In addition, exhibitors operating in the fields of information technologies and software can also participate in automotive and sub-industry trade shows.
Assurance of Growth in Automotive and Supply Industry Exhibitions with DixiFuar
DixiFuar offers the most convenient and effective solutions for companies operating in the automotive and supplier industry to participate in the leading exhibitions of the sector. With years of experience and extensive connections, DixiFuar enables businesses to exhibit their products on international platforms, establish new business contacts and strengthen their marketing strategies. Contact us now and get tour packages including flights, hotels and transfers tailored to your needs.
