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Companies in this industry manufacture transportation equipment, including motor vehicles and parts, aircraft and other aerospace products, ships and boats, and railroad rolling stock. Major companies include US-based Boeing, Ford, and General Motors, as well as Airbus Group (the Netherlands), Bombardier (Canada), Fiat Chrysler (the UK), SAIC (China), Toyota (Japan), and Volkswagen (Germany).
Leading transportation equipment-producing countries include Brazil, China, France, Germany, India, Italy, Japan, South Korea, and the US. Sales of transportation equipment have traditionally been concentrated in highly industrialized nations in Europe and North America, but emerging economies in Asia, Eastern Europe, and Latin America are expected to provide future growth.
The US transportation equipment manufacturing industry includes about 10,000 companies with combined annual revenue of about $960 billion.
Demand is driven by employment and interest rates, growth in consumer income, military budgets, and the overall economic climate. The profitability of individual companies depends on manufacturing efficiency, technical expertise, and product quality. Large companies enjoy economies of scale in manufacturing and purchasing, as well as advantages in marketing and distribution. Small companies can compete by specializing in niche markets. The US industry is highly concentrated: the 50 largest firms generate about 70% of industry revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include cars and light trucks, aircraft, locomotives, boats and ships, and related parts. Motor vehicles and parts account for about 65% of industry revenue, followed by aerospace products (about 25%).
Primary raw materials for ...
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