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Japanese Automobile Industry

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Added on  2021-04-21

Japanese Automobile Industry

   Added on 2021-04-21

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Running head: JAPANESE AUTOMOBILE INDUSTRY Japanese Automobile IndustryName of the StudentName of the UniversityAuthor Note
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1JAPANESE AUTOMOBILE INDUSTRY Table of ContentsIntroduction......................................................................................................................................2Japanese Automobile Industry.........................................................................................................3Reasons behind success and expansion of Japanese automobile industry......................................6Recent trends in Japanese automobile industry.............................................................................11Conclusion.....................................................................................................................................13References......................................................................................................................................14
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2JAPANESE AUTOMOBILE INDUSTRY Introduction The global commercial and industrial scenario, over the years, has been subjected toconsiderable changes and dynamics, with the initially developed countries taking backseat andthe new economics gaining predominant positions with their impressive economic growth andprospering industrial sectors (Ozawa 2014). One of such countries, which have consistentlyshown impressive trends in economic and overall growth, in spite of all the turmoil and hurdlesin its path of progress, is that of Japan. With one of the highest growth rates, this market orientedeconomy ranks third globally, in terms of Nominal GDP and fourth in terms of the purchasingpower parity. Much of the economic prosperity and increased standard of living of the country can beattributed to the industrial development of the country in the last few decades. The country hasbeen known for their excellent innovations, technological progress and robust investment trends,which have helped the industrial sectors as well as the overall economy of the country, growimpressively. Of the primary industries, which have grown considerably and has made marks inthe international markets, a significant one is the automobile industry of the country (Carlsson2012). Over the last few decades, the automobile industry in Japan has grown impressively,thereby making the country one of the largest car producing nations in the global scenario. Muchof the success and expansion of the automobile industry of the country can be attributed to thepresence of continuous innovation, technological progress and cost effectiveness in theproduction process. The industry has emerged as one of the primary competitors in the globalautomobile market, giving considerable competitions to other global automobile brands. Keeping
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3JAPANESE AUTOMOBILE INDUSTRY this into consideration, the concerned report tries to discuss the current dynamics in theautomobile industry of the country and with the help of the existing empirical evidences tries toanalyze the level of competitiveness the industry has been able to pertain in the internationalframework, in the contemporary period. Japanese Automobile Industry Japan ranks among the top three global automobile producers, known for their specialand innovative technologies, catering to the demands and requirements of the clientele not onlyin the country itself but also across different parts of the world. The automotive and vehiclemanufacturing industries together not only form a major share of the manufacturing sector of thecountry, but also consists of one of the most famous exports of the country. Figure 1: Global share of sales of cars by countries (2012)(Source: Kawahara 2012)
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