The automotive industry is a wide range of companies and organizations involved
in the design, development, manufacturing, marketing, and selling of motor vehicles.
It is one of the world's most important economic sectors by revenue. The automotive
industry does not include industries dedicated to the maintenance of automobiles
following delivery to the end-user, such as automobile repair shops and motor fuel
Around the world, there were about 806 million cars and light trucks on the road
in 2007, consuming over 980 billion litres (980,000,000 m3) of gasoline and diesel
fuel yearly. The automobile is a primary mode of transportation for many developed
economies. The Detroit branch of Boston Consulting Group predicts that, by 2014,
one-third of world demand will be in the four BRIC markets (Brazil, Russia, India
and China). Meanwhile, in the developed countries, the automotive industry has slowed
down. It is also expected that this trend will continue, especially as the younger
generations of people (in highly urbanized countries) no longer want to own a car
anymore, and prefer other modes of transport. Other potentially powerful automotive
markets are Iran and Indonesia.