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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.



As the automotive industry shifts to electric vehicles, General Motors (GM) is holding an "Electric Vehicle Day" event in an attempt to convince investors that this century-old automaker can compete with Tesla, an electric vehicle manufacturer. Ford will also launch the electric version of the commercial van "Transit" as soon as next year. GM will hold an "Electric Vehicle Day" event on the 4th,...

Taiwan's mold & die industry features excellent technology as well as competitive quality and price. In order to move towards intelligent manufacturing, the Industrial Development Bureau (IDB) of the Ministry of Economic Affairs commissioned the Metal Industries Research and Development Centre (MIRDC) to set up an Intelligent Manufacturing Demonstration Field for the Stamping Die Industry to atta...

The pneumonia epidemic in Wuhan, China continues. The Industrial Research Institute of Obstetrics International pointed out that the proportion and amount of Taiwanese industrial machinery products using from mainland China components are extremely low and can be obtained from Taiwan or other countries. The epidemic has no impact on industrial machinery. Observing Taiwan's industrial machinery...

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...

Power & 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...

Founded 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...

Nan 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...

Since increasingly severe COVID-19 epidemic spread out in past 30 days, China economy has been dampened. Greater global connectivity and supply chain dependency on China and reliance on Chinese consumption currently, without a doubt, COVID-19 triggers a greater economic fragility. Emergent Production Adjustment As the fight against the novel coronavirus outbreak intensifies, Chinese local a...

Custom Sheet Metal Cutting Enclosure High Quality Supplier

Growth indicators in the automotive industry will drive opportunities in aftermarket sales Dubai, UAE: The automotive aftermarket’s business prospects have been underlined by a valuation forecast of US$18.5 billion by 2023, and suppliers and manufacturers are now looking to Automechanika Dubai, the largest international trade show for the automotive aftermarket and service industry in the MEA ...

Opening Time: 3-5 June, 2020 Venue: National Exhibition and Convention Center (Shanghai) Organisers: Shanghai ITE Ebseek Exhibition Co., Ltd. Fastener Expo Shanghai 2020, has been deeply rooted in the industry for 11 years, and has always been developing and expanding with the purpose of being professional, efficient, open and innovative. It can be called the benchmark event in the gl...

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