The transportation equipment industry, broadly defined, includes all manufacturers of road, rail, water, and air vehicles, making up the largest component of the US manufacturing sector, constituting 3% of value added in the economy in 2019 when including related industries such as steel and petroleum.
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The Automotive Industry
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The transportation equipment industry, broadly defined, includes all manufacturers of road, rail, water, and air vehicles, making up the largest component of the US manufacturing sector, constituting 3% of value added in the economy in 2019 when including related industries such as steel and petroleum.