Global Automotive industry is witnessing major structural changes as globalization has resulted in new business alliances and industry–academic–government partnerships. World is witnessing an unambiguous paradigm shift from Internal Combustion Engine based automotive to alternate electric based fuel system and this is changing the global mobility landscape fastidiously.
Global automobile sales have been picking up in last two years with China and India showing substantial rise in car sales due to enhanced consumer income and hence spending. Overall consumer spending has also broadened across Asia, and is now advancing by more than 5% year-on-year, more than double the pace evident in early 2015.
The global auto industry is more challenged then ever before with new technologies disrupting conventional automotive manufacturing though the worldwide sales increased by 4.8 percent in 2016, up from a year earlier, and profit margins for suppliers and auto makers are at a 5-year high.
But the road to 2025 and beyond is filled with intense competition from both global as well as local brands. There are four key challenges that will shape the industry 2025 and beyond include:
- Cost pressure: Platform sharing and more modular systems are becoming a norm but regulatory pressures will tighten, and prices in established markets are likely to southwards.
- Changing Demand Patterns: OEMs need to adaptive to the changing segment patterns of demand with respect to their production platforms, supply chains and value chain networks, and product portfolios.
- Digitalization: Consumers are increasingly using digital platforms in making their purchase decisions.
- Shifting Fuel Sources: Suppliers are adding more alternative powertrain technologies and innovative solutions for infotainment
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Our reports present objective and bottom-up view of how the automobile industry is evolving across the globe, what future challenges and opportunities it presents and how the Original Equipment Manufacturer’s (OEM) can benefit from these long-term trends as we cover the entire value chain from procurement of raw materials to production and sales.
Our coverage includes market intelligence, market entry strategy, pre-feasibility, competitor analysis, pricing, consumer and financial analytics reports. Our automotive market intelligence and research report cover includes Automotive Manufacturing, Auto ancillaries, Automotive Equipment and Devices, Automotive Component Material and Component Parts, Engine & engine parts, Transmission & steering parts, Suspension & Braking parts, Electrical parts, Automotive Motors, Automotive Sensors and Software.
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