The transport manufacturing industry is one of the key segments of the global manufacturing industry. This industry manufactures vehicles which are used for transporting goods and people. Production of various vehicle components is also included in this industry.

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The transportation manufacturing market is valued at $8 trillion in 2017. This can be attributed to the positive economic outlook, increasing demand for transportation services owing to rapid urbanization and advancements in technology. Asia Pacific was the largest region in the transportation manufacturing market in 2017, accounting for two-fifth of the market share.

The transportation manufacturing market in The Business Research Company’s report is divided into six segments. Motor vehicles were the largest segment of the market, accounting for more than two-fifths of the market share. Motor vehicle parts manufacturing accounted for more than thirty percent share of the market. Aircraft and components manufacturing accounted for one-tenth share of the market. Space, military, & other transportation, ship and boat building and repairing, and train and components manufacturing take up remaining share of the market, each of being less than ten percent.

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China was the largest country in the transportation manufacturing market in 2017, accounting for one-fifth of the market share. This was due to the presence of a large number of motor vehicle, aircraft and train manufacturing companies owing to strong demand from domestic market. China was followed by the USA and Germany.

The top five competitors in the market are Toyota Motor, Volkswagen Group, General Motors, Daimler AG, and Ford Moto. Toyota Motor Corporation (Toyota) was the largest company in the transport manufacturing market in 2017. It is engaged in the design, manufacture and sale of passenger cars, minivans, commercial vehicles, and related parts and accessories. It also provides financing to customers and dealers for purchase of Toyota vehicles.

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