The statistic shows the brand value of the ten most valuable car brands worldwide in 2015. In that year, Toyota was the top ranked car brand in the world with a brand value that amounted to about 28.91 billion U.S. dollars.
Global Automotive Industry
The global automotive industry involves the manufacture and sales of automobiles and other retail activities, such as gas-station retail and the sale of car parts and is a leading driver of global economic growth. The United States is one of the leading players in the automotive industry, in terms of production and consumption of vehicles. In 2013, the United States produced about 4.37 million passenger cars and about 6.7 million commercial vehicles. Some of the countries that are predicted to be major players in the automotive industry in the near future include Brazil, Russia, India, China, Iran, and Indonesia.
With the increasing demand for automobiles, particularly in regions with large populations such as India and China, there has been a rise in environmental pollution. Pollution results from manufacturing of automotive vehicles and automotive components as well as from emissions. There are also concerns about fuel availability, as fossil fuel supplies are likely to deplete with rise in the global demand. Hence, the demand for green automotive transport that has a minimum effect on the external environment will increase in coming years.
Technological innovation is changing the automotive industry, with computers being used to regulate fuel and air entering vehicle engines to cut emissions. Advances in exhaust emission systems are improving air quality and reducing harm to the environment. Research in this sector is important as government legislation favors clean car technologies. Similarly, the global electric vehicle market is being driven by environmental concern.