Everything you need to Know about the Automotive Industry
There is an incredibly car culture that you can find all over the world today and the automotive industry is worth a massive $300 billion. This particular industry is not only concerned with selling cars and other motor vehicles, but it also includes designing, building, manufacturing and repairing these vehicles as well. Apart from that, the umbrella of the automotive industry also comprises of services like the selling of different auto parts and various accessories. These play a very important role in maintaining the automobile system and to keep it functioning smoothly.
Thus, the automotive industry can be defined as one that encompasses all activities and companies related to automobiles. Some of the most renowned players of the industry include two Japanese automobile companies, which are Nissan Motor Corporation and Toyota Motor Corporation, Volkswagen, the German-based car manufacturer, the Italian firm Fiat and the US-based competitors, Ford Motor company and General Motors.
Location
The beauty of automotive industry is that it is not restricted to any specific geographical area. As a matter of fact, this industry spans the whole planet. However, where the prowess of automotive manufacturing is concerned, the top position is enjoyed by none other than the US. One of the largest automotive industries around the globe can be found in the United States. For instance, the top manufacturing companies such as Mercedes-Benz, Honda, Toyota, Chrysler and Ford, have established a number of assembly plants in the country.
China and India are experiencing a fast increase in their consumer base due to which they have also seen a huge growth in profit margins. The South Korean and Japanese automobile industries have also emerged as some of the fastest growing markets in regard to automotive products.
Processing
Different car production techniques and methods are used by companies, based on the car models and vehicle types. While these variations do exist, there are some things that are common in the way all cars are built. The assembly line of production introduced by Henry Fold was also adopted by the automotive industry and this also stays the same today. Large factories are established for car production in which machine automation and human activities are combined for assembling the vehicle as quickly as possible.
Every part of the vehicle is built separately and they move down the assembly line until everything is finally assembled into the main chassis. The purpose of these factories is to ensure efficiency of production. However, the specifics about what balance of machine and human labor is employed, what pieces are put together and how efficient the process turns out will depend on the vehicle and company.
With technological developments, the manufacturing of auto parts has also become a lot more advanced. You can find excellent suppliers. Also, you will find companies such as Senga-eng.com, which can provide you with world class testing solutions that are in accordance with regulations.
Regulation
Similar to other industries, the automotive industry also has to deal with a number of government regulations in almost every country. Most of these regulations are concerned with fuel economy, consumer protection, emission levels and vehicle safety and vehicle imports. There are also a number of taxes, trade barriers, import standards and duties as well as tariffs that can have an impact on all automotive transactions. If these regulations are not followed by manufacturers, it can lead to serious consequences for them. The aim of these regulations is to protect the consumers by establishing stringent safety standards and to protect the environment as a whole. Therefore, a number of automotive manufacturers are making clean diesel, hybrid and electric cars to increase their sales.
