Page 37 - Taiwan Transportation Equipment Guide (TTG) - 2019-09 Edition - CENS.com

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Global Auto Market 2019 Overlook

Auto parts exports and imports value in Taiwan (Table 2)
Year 2014 2015 2016 2017 2018 By Huang Wei-Shiou
Value 69,452 67,224 62,857 60,767 62,779
Import A harsh economic situation swept through the On the other hand, sales in the U.S auto market
Annual growth rate 12.45% -3.21% -6.50% -3.22% 3.31% global automotive market in 2018, largely due to were surprisingly steady in 2018, far beyond market
Value 162,683 168,987 168,912 172,101 171,833 slowing market demand and political competition prediction. The overall sales were approximately 17.30
Export among the world’s superpowers, as well as decreasing million units, surpassing the record for over 17 million
Annual growth rate 6.59% 3.88% -0.04% 1.89% -0.16% confi dence from consumers, leading to the fi rst decline units sold in four consecutive years, representing the
(Figures in million New Taiwan dollars) in five years in the industry. More importantly is how tenacity of the American auto manufacturing industry.
the main markets in China, Europe and North America However, with four factors disrupting the market--
have already fallen into negative growth. Despite increasing car loan interest rates, fewer car rental
the shrinking market, there are several promising discount programs from auto plants, the economic
prospects to expect, including exponential growth cycle of the auto market, and more appealing options
in electric vehicles and advancing self-driving car among second-hand cars --sales of new vehicles were
Main Importing and Exporting countries in Taiwan’s auto parts market (Table 3) technologies. impacted, prompting concerns of an overall market
decline.
Importing Country Japan China Thailand Germany South Korea Due to the shrinking auto markets in both China
and the U.S., the sales in the global auto market Self-Driving Vehicle Trends
Import Share 34.14% 21.15% 11.65% 8.26% 5.68 in 2018 was down by 0.7% to 93.6 million units as Faced with the business opportunity and trends in
other markets were unable to step in. Together with the global autonomous vehicle industry, governments
Exporting Country U.S. Japan China The U.K. Germany China’s stimulus package and on the condition that and industries compete to develop their vision and 37
the country maintains peaceful trade negotiation with blueprint of their desired self-driving vehicles.
Export Share 46.33% 5.59% 4.54% 3.34% 3.15% the U.S. and other countries, the annual growth rate
for 2019 is expected to be at 1%. However, if the trade The U.S. scheme is considered the most
Source: Customs Administration, Ministry of Finance of Taiwan negotiations between the U.S and China break down, progressive for launching the Self-Driving Car System
the global auto market would face a diffi cult recovery 2.0 in 2017 as a blueprint highlighting the partnership
between 2019 and 2021. between the industry, government, and academia. The
scheme is aimed to accelerate the timeline of road
Not much changes were made to the global auto testing for autonomous vehicles and a guideline to
market distribution, with China still the largest market simultaneously develop the main body of a self-driving
at 30% and followed by the U.S. with 19%. Together vehicle and the Internet of Vehicles technology. If
are influential in terms of global influence as both things go as planned, the U.S. expects to launch Level
make up half of the world’s auto market. 5 Self-Driving Vehicles after 2025.
In 2018, the Chinese auto market suffered The development of self-driving cars in the
through a severe economic downturn. Although the European region is comparatively conservative,
government launched tax cuts and auto dealers mainly focusing on self-driving business cars and
lowered the price to stimulate consumer spending, medium-sized shuttle buses. With consideration of
both attempts failed to turn the market around. strict guidelines to upholding human dignity, safety
and information protection standards and protocols,