The Influential Automotive Industry
Today, the global automotive industry has reached significant proportions, with some 73.9 million vehicles sold around the world in 2015 alone. In the United States, this sector of the economy remains very large. Automakers produced around 8 million vehicles annually in the USA between 2008 and 2012. Towards the end of 2012, some 786,000 workers in the USA held jobs in auto manufacturing or related auto component production firms, for instance.
Many companies strive to monitor new developments in the automotive industry. Since vehicles play such an important role in transportation, trends in this market impact many other businesses in the national and global economies.
Source: PR Newswire Association LLC
Industry gatherings allow businesses to network. Participants learn about available products, suppliers, exciting new research and industry trends at these types of shows.
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