In 2017, the motor vehicle market was marked by an intense competition between national and foreign brands. The two national brands, Perodua and Proton, boast strong participation in the Malaysian market, jointly representing 47.8% of the domestic sales. These two manufacturers built their competencies as a result of government support. Since 2010, the government has been seeking to liberalise the market to foster competition and innovation within the industry. As a consequence of this, Japanese brands expanded their operations in the country. Moreover, Honda became the secondlargest seller in 2016, surpassing Proton.

The global automotive steering system market is extremely dynamic in nature, and is expected to witness high growth during the forecast period. The development of new and diversified technologies is expected to create remunerative opportunities within the automotive industry. The current business scenario is witnessing an increase in sales of vehicles, particularly in the developed regions such as Mexico, China, and other European countries. Companies in this industry are adopting various innovative techniques to provide customers with advanced and innovative feature offerings.

Asia enjoys excellent positions in the global automotive market, as it is among the world’s largest vehicle producers and consumers. Six Asian countries – China, India, South Korea, Thailand, Malaysia, and Indonesia – accounted for 42.7% of global automotive production in 2017, data by the International Organisation of Motor Vehicle Manufacturers (OICA) showed. Three of these Asian countries, namely China, India, and South Korea, are among the top 10 global producers, claiming shares of 29.8%, 4.92%, and 4.23% of global automotive output, respectively, translating into the ranks of first, fifth, and sixth globally, as of 2017. Japan, another Asian country, ranked the third-largest motor vehicle producer in the world, with a share of 10% in 2017.

The automotive piston is a component that can move with the assembly of cylinder and piston rings. Piston rings are made for gas tightening which uses low power for acceleration. In addition, in four-stroke car engines, the intake, compression, combustion and exhaust process take place through cylinder head, which forces the piston to move up and down. The global automotive piston market is a very dynamic market and is expected to witness high growth during the forecast period. The development of new and diversified technologies creates opportunities within the automotive industry.The automotive piston market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2018–2025.Report provides detailed information regarding these automotive piston components. Vehicles are broadly classified into two major categories—two wheelers, passenger vehicle, and commercial vehicle. Light commercial vehicles and heavy commercial vehicles are included under the commercial vehicle segment.

The global automotive telematics market is evolving along with the changing dynamics of the automotive industry. In terms of revenue, the global automotive telematics market is expected to grow at a CAGR of 15.16% during 2018−2024. Over a decade, automotive electronics and wireless technologies have attained numerous technological milestones. The growing demand for connectivity and rapid data transfers has been driving the advancements in communication networks globally. Advancements in these technologies coupled with device integration and changing consumer lifestyle are enabling automotive players to offer better driving experiences.

The global Transmission Fluids market comprises of Automatic Transmission Fluids, Manual Transmission Fluids, Dual-Clutch Transmission Fluid and Continuously Variable Transmission Fluids. Automatic Transmission Fluid is used extecsively in the automotive sector owing to its heterogeneous properties and lower emission rates. This type of transmission fluid is most widely used in the automatic transmission system vehicle segment.

The value chain of the commercial vehicle market comprises raw material suppliers, components suppliers, Original Equipment Manufacturers (OEMs), distributors, and end use industries. The raw materials required to manufacture commercial vehicles include steel, plastic, aluminum, rubber, and aluminum alloys, among others. Steel accounts for approximately 80% of the weight of a commercial vehicle. Steel is used to construct the vehicle’s chassis and the body, including the roof, door panels, and beams between the doors, among others. Plastic particularly adds to the durability and versatility of the commercial vehicle. Door handles, dashboard, air vents, and airbags are popularly made from plastic. Recent trends envisage using aluminum, as aluminum happens to be lighter than steel. As such, aluminum is being increasingly used to make wheels, engines, chassis, seats, and heating ventilation and air conditioning (HVAC) systems, among others.

市场表现低迷，汽车行业整体跑输大盘。汽车市场短期需要调整时间，长仍有投资机会。 

经历多年高速增长后，中国汽车市场增速中枢下移，进入中低速增长期。 2018 年税惠政策透支叠加低经济预期和负债增长压制消费，全年销量首现负增长；2019 年税惠政策透支影响减弱、新消费刺激政策或出台，车市有望进入上行周期迎来复苏，预计全年销量增速 0~5%。

12 月，乘用车产/销分别为 205.46 万辆/223.31 万辆，环比-3.22%/+2.74%，同比-21.27%/-15.84%。1-12 月，乘用车产/销分别为 2352.9 万辆/2370.98 万辆，较去年同比-5.2%/-4.08%。

DCT 在结构上较CVT 具有更高的传动性能，较AT 有更好的燃油经济性。海外市场将依旧被AT、DCT 以及CVT 三分天下；而我国技术创新路径选择了重点发展DCT。其中，DCT 在混动车型的配置上也不受限于P2 方向，而可以开拓P2.5 以及P3 的发展路线，长期来看更具有战略意义。纯电动车仅配备单级减速器的缺陷逐步暴露，未来配备二级减速器将更加有助于电机效率提升，增加行驶里程。

中国暂停向进口美国汽车及零部件加征关税，中美贸易关系缓和，首推北美业务占比较高的保隆科技和岱美股份。

WIND 汽车板块下跌1.02%，CS 汽车下跌0.9%，CS 汽车零部件微跌0.71%，同期沪深300 指数和上证综指分别下跌4.05%和2.86%。11、12 月销量大幅下滑的背景下，汽车板块指数跑赢大盘，说明市场充分消化吸收了销量下滑预期。

1980 年至今，随着美国汽车行业周期波动，福特汽车经历过三次净亏损。公司通过业务精简、平台化战略等多重措施成功度过几轮低谷期。经历低谷后的复苏，福特销量相比美国车市更具弹性，业绩也随之迅速回升。行业拐点叠加公司拐点，福特期间相对标普 500 的超额收益分别实现 249%、134%和 594%。

新能源汽车产业政策逐步加强安全性、规范性以及基础设施建设，实际上是从消费端运营端服务端对新能源汽车产业的支持的加强，有助于我国新能源汽车产业大国向强国发展。

2019年汽车销量增长有望复苏，增速预计0~5%。传统汽车行业分化明显，关注优势企业和细分龙头。新能源汽车战略方向不变，补贴退坡须优选成长确定性个股。

近一个月以来汽车板块下跌 1.4%，跑赢沪深 300 指数0.7 个百分点（沪深 300 下跌 2.1%），其中乘用车/商用车/零部件/汽车服务涨幅分别为-2.5%/4.6%/-1.5%/2.6%。2018 年汽车板块下跌31.9%，跑输沪深 300 指数 12.3 个百分点（沪深 300 下跌 19.6%），整车表现较好，零部件、销售服务、商用车表现均较差。