China to dominate global vehicle production – forecast
Global vehicle production would increase by 23% over the next six years, with China remaining the primary driver of that growth over the next four years, a report released on Thursday by automotive data analysts WardsAuto and AutomotiveCompass indicated.
The US would remain the second-biggest producer in the world as North America continued to gain traction in the automotive industry.
The report highlighted the China-led Asia-Pacific region's increasing dominance, especially through 2016, when production in China alone would climb to 26-million units ¬– a 7.5-million unit increase from 2012.
By comparison, production in the US was projected to increase by 1.3-million units by 2016, while production in the third-highest producing country, Japan, was forecast to decline by 875 000 units over four years as capacity continued to shift to other locations.
In the same period, India would surge ahead of South Korea and Germany to rank fourth among vehicle-producing countries.
The outlook also stated that manufacturer Volkswagen would lay claim to the top-produced platform in the world by 2015 as its modular transverse matrix architecture – which would spawn several small- and midsize cars and cross-utility vehicles – should end a three-year reign by Toyota's midsize car platform, which started last year and was expected to continue through 2014.
The forecast called for automakers to consolidate the number of platforms underpinning their vehicles, while increasing the percentage of cars and trucks that relied on smaller engines.
It expected a continued shift to smaller engines as production of vehicles with engines of four cylinders or less rose from 82% of the total in 2012 to 85% in 2018.
The North American production of vehicles with engines of four cylinders or less would increase from 47% of the region's total in 2012 to 55% in 2018, the forecast indicated.
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