10 countries that dominate the auto industry in the world

The auto industry is important and is linked to other sectors, and the truth is that the auto industry has an important multiplier effect in the economy. The automotive industry relies on a huge array of primary industries such as steel, chemicals, and textiles, as well as downstream industries such as information and communications technology, repair services and transportation.https://youtu.be/yJrejEcEpHE

And employment – about 13.8 million people work in the automotive sector in the European Union. Manufacturing (direct and indirect) accounts for 3.5 million jobs, sales and maintenance 4.5 million, and transportation 5.1 million.
Economy – The turnover generated by the automobile industry accounts for more than 7% of the EU’s GDP and
80% of the growth in the sector is expected to occur outside the EU. EU efforts should focus on concluding and enforcing preferential trade and investment agreements. This will make it easier for European companies to access third markets and continue to benefit from economies of scale.

Whether the car is private, taxi or car sharing. In fact, passenger cars are the number one source of mobility for Europeans, traveling on average about 12,000 kilometers per year. More than 70% of our trips are done by car.

Over 80 million passenger cars were produced worldwide in 2017. This interactive graph shows the top 10 dominant automobile production units in the world, or in the European Union.

Fast facts about the auto industry:

• With around 17 million passenger cars manufactured in the European Union last year, pre-crisis levels from 2007 were exceeded for the first time.
• The European Union remained the second largest producer of global auto production, contributing more than 21% of global auto production in 2017.
• US production fell dramatically (‐11.5%) last year. Total vehicle production in the United States reached 8 million units in 2017, more than a million units less than the previous year.
• Chinese production grew only moderately (+4.4%) in 2017, reaching a total of 23.6 million passenger vehicles.
• However, China maintained its leading position among global passenger car producers, accounting for 29% of all cars produced worldwide last year.
• China’s auto sector will grow by 10% in 2021, and new car sales for cars will exceed 2 million, remaining the number one on the global auto production ladder.