Currently Asian countries are already listed as biggest car market

Currently Asian countries are already listed as biggest car market once production base in the world . Automobile production capacity in Asian countries reached 22 million units in 2013 , or large enough to contribute a total of 87 million units of global production .
IHS Automotive predicts , China will account for 50 percent of the global population of cars in the world in 2021 . The next seven years , global automobile production will grow to 21 million units .

Since 2009 , car production has grown 25 million units as the industry recovers from the global crisis that occurred in 2008. Speed ​​of growth rate is predicted to be lower for the 2014-2021 period , but China will grow fast to cover 50 percent of the total production later .

For this year , IHS Automotive predicts little to no decrease in the market in Russia and Turkey , thus restraining the growth of production in Europe so only 1 percent . But , in the period 2015-2017 , the conditions in Europe will increase by 4 percent per year , as the recovery of the domestic market and export performance to China and the U.S. are also growing. Source: Education Business.


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