A harsh economic situation swept through the global automotive market in 2018, largely due to slowing market demand and political competition among the world's superpowers, as well as decreasing confidence from consumers, leading to the first decline in five years in the industry. More importantly is how the main markets in China, Europe and North America have already fallen into negative growth. Despite the shrinking market, there are several promising prospects to expect, including exponential growth in electric vehicles and advancing self-driving car technologies.
Due to the shrinking auto markets in both China and the U.S., the sales in the global auto market in 2018 was down by 0.7% to 93.6 million units as other markets were unable to step in. Together with China's stimulus package and on the condition that the country maintains peaceful trade negotiation with the U.S. and other countries, the annual growth rate for 2019 is expected to be at 1%. However, if the trade negotiations between the U.S and China break down, the global auto market would face a difficult recovery between 2019 and 2021.
Not much changes were made to the global auto market distribution, with China still the largest market at 30% and followed by the U.S. with 19%. Together are influential in terms of global influence as both make up half of the world's auto market.
In 2018, the Chinese auto market suffered through a severe economic downturn. Although the government launched tax cuts and auto dealers lowered the price to stimulate consumer spending, both attempts failed to turn the market around.
On the other hand, sales in the U.S auto market were surprisingly steady in 2018, far beyond market prediction. The overall sales were approximately 17.30 million units, surpassing the record for over 17 million units sold in four consecutive years, representing the tenacity of the American auto manufacturing industry. However, with four factors disrupting the market-- increasing car loan interest rates, fewer car rental discount programs from auto plants, the economic cycle of the auto market, and more appealing options among second-hand cars --sales of new vehicles were impacted, prompting concerns of an overall market decline.
Self-Driving Vehicle Trends
Faced with the business opportunity and trends in the global autonomous vehicle industry, governments and industries compete to develop their vision and blueprint of their desired self-driving vehicles.
The outbreak of a new coronavirus (commonly known as Wuhan pneumonia) has intensified. Wenzhou and Yiwu cities in Zhejiang have successively announced that they will be closed down. The second LED brother Huacan Optoelectronics, a major LED manufacturer in Yiwu, will be impacted. Huacan Optoelectronics' LED chip global production capacity accounts for more than 11% of the world ’s total productio...
The machine tool industry was affected by the Sino-US trade war last year, and most of them were in small months. Originally, they expected that the business situation would pick up slightly this year, but affected by the pneumonia epidemic in Wuhan, the director of the Machine Tool and Component Association Xu Wenxian pointed out that at present it looks like the impact is There must be, but whe...
As the U.S.-China trade friction comes to an end, and the effect of the second production base in Southeast Asia is gradually fermenting, Taiwan's machinery industry is expected to see Chunyan in the second quarter, and the machine tools will warm up month by month from the second half of the year. The director of the Taiwan Machinery Association Chang Ke Baxi expects that the export value of mac...
China is the world's largest producer and seller of electric vehicles. In 2020, electric vehicle sales will look at 2 million units, driving the rapid growth of industries such as batteries, connected cars, autonomous driving and charging equipment. Although the Chinese electric vehicle market is dominated by domestic production and domestic sales, due to the current lack of technology and R & D ...
he Taiwan Machine Tool & Parts Association held a joint meeting of supervisors and supervisors . The meeting was optimistic about the outlook for the machine tool and component industry next year. The joint board of supervisors and supervisors was chaired by Chairman Xu Wenxian. Industry representatives at the meeting believed that the global supply chain migration in 2020 was roughly finalize...
Organized by the Indian Machine Tool Association, the 2020 Indian International Metal Forming Machinery Exhibition (IMTEX FORMING) is the most influential metal forming machinery exhibition in Southeast Asia. The exhibition period is from January 23 to 28, and it will be held at the Bangalore International Convention and Exhibition Center in India. Out. In 2018, India was the fourth largest ex...
crimping tools, steel-wire cutters, cable cutters, steel-rope cutters
Feb 05, 2020Power & Hard Industry Co., Ltd. specializes in designing and producing professional pliers. Having been in the industry for over 20 years and rolling out their own brand called “Flying Fish,” the firm has largely concentrated on producing high-quality hand tools and various pliers as a professional manufacturer. Power & Hard Industry’s newly announced 17” Steel Wire & Cable Cutter has especially ...
In 2018, European and American international car manufacturers have automatically turned on the daytime running light function in new-style cars to reduce the accident rate. However, the trend of LED lights has become a major trend. In addition, active steering in advanced driver assistance systems (ADAS) Both headlights (AFS) and auto-adjustable headlight systems (ADB) have introduced LEDs one a...
Home Pair Tool, Power Tool Accessories, Household Tool Kit
Jan 10, 2020Founded in 1975 in Taichung, A-Tina Co., Ltd. is an industry leader in hand tools. With around 45 years of manufacturing experience, it can provide customization in accordance to client requirements. The company offers various tool cases in materials such as hollow molding in plastic, aluminum, iron, and nylon. and a wide variety of tool kits for different project purposes, including auto repair,...
■Yang Feng-Chun In a bid to assist manufacturers in Changhua County to expand their market reach overseas against severe competition in the globalized market, Changhua County Government has been an active player in pushing for a makeover and innovation of its local small and medium-sized enterprises. This is done in hopes of establishing stronger connection with international markets. An ex...
Founded in 1980, Paul Master Auto Parts Co. is headquartered in Taiwan, a professional manufacturer of chassis and engines parts for passenger cars, trucks, and industrial trucks including forklifts. General Manager Terry Liang said the company has its own professional design department, which provides customized products and specifications for global buyers, including automobile steering and...
Taiwan First brakes Technology Co., Ltd.
Sep 04, 2019Nan Hoang Traffic Instrument Co., Ltd is one of the major manufacturers of automobile friction materials in Taiwan and globally. Chairman Austin Cheng has implemented the double-arrow strategy this year - own brand of “YangPo” is adopted to focus on global channels while the “NHC brand focuses on improving market shares in global markets, such as Europe, America, Asia, Australia, and the Middle E...
From 1 to 4 March 2020, Cologne will once again become the meeting point for the entire international hardware industry. For four days, around 3,000 suppliers from more than 55 countries will present tools, products from the industrial supply, fasteners and fixings, fittings and home improvement segments. The product offering of the exhibitors is complemented by an extensive and diverse event pro...
Mar. 3 (Tue.) - 6 (Fri.), 2020 TOKYO BIG SIGHT LED NEXT STAGE will present a vast array of the newest LED and OLED lighting products that are essential elements of comfortable lighted spaces in offices, shops, and homes. It will also feature the latest devices, parts, materials, control systems, measuring equipment. LED NEXT STAGE offers a perfect opportunity to promote your latest products an...
Turnout surges despite turbulent economy Taiwan Hardware Show (THS), the best business platform for the hardware industry in Taiwan, took place at the Taichung International Exhibition Center from Oct. 17th to 19th. The show saw participation from 430 domestic and foreign exhibitors, taking up more than 1,000 booths in total, the highest record in the show’s history. Last year was the seven...
