TRANSPORT MANUFACTURING INDUSTRY

Transport Manufacturing Industry

Transport Manufacturing Industry

Introduction

These days, nearly everything a consumer buys comes from elsewhere, often from a great distance; thus the transport manufacturing industry is inextricably incorporated into our lives (Transport Manufacturing Industry). The secret to Rome's success was their road system, which enabled easy transport; similarly, without our now extensive transport infrastructure, as well as the machines which run on them, economies nationally and globally would collapse. Any company involved in the manufacture of commercial vehicles (automobiles, aircrafts, boats, or trains) or parts for these vehicles, is part of the transport manufacturing industry. Construction companies whose business is the manufacture of infrastructure, the systems on which vehicles travel as well as the terminals, ports, or stations at the end, are also considered part of this industry, although in regards to trends and performance they are like any other construction company. Companies involved in the design stage of these services fall under civil engineering and are included as part of our Business Services industry. (Transport Manufacturing Industry)

History

The industry has undergone many changes since its inception. Horses have been replaced by automobiles of every kind; leading to an increased capacity and decreased need for cleanup, which was appreciated by all. Watercraft, which were originally carved out of tree trunks, evolved first into steam engines and finally into modern ships of every size, from cruise ships to speedboats. Steam engines, an important mode of transport for both goods and people, have been converted into diesel or electric powered locomotives. The development of these modern methods of transport has shaped the world we see today.

Leaders

The production of the automobile is an industry segment that is very important to the individual consumer. Toyota and General Motors are on the leading edge of automobile production, followed by Daimler AG, Chrysler Holdings LLC, and Ford. Toyota has succeeded in providing quality vehicles in every price and fuel economy bracket, and is the leading developer of hybrids. Also, whereas companies such as Ford and Daimler AG, and Chrysler Holdings LLC have had to close domestic plants to cut costs, Toyota is doing the opposite. In fact, many companies have moved operations to the Southeast United States, reducing imports to the U.S. and the associated costs, and increasing domestic production. Leaders in supplying these companies with auto parts include companies such as Lear, Dana, Delphi, and ArvinMeritor. In the aircraft segment, Boeing and Airbus lead the pack.

Trends

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