Challenges thicken in the automotive industry, forming a powerful tempest
In a pioneering move, Ultima Media's new business intelligence unit has released a comprehensive report titled 'Automotive headwinds align into perfect storm.' This report offers valuable insights into the opportunities and challenges facing the automotive industry in the coming years.
The report explores the intricate web of factors that are aligning to create a 'perfect storm' of challenges for established manufacturing and sales models. Key among these challenges are investments in electrification, emissions regulations, and trade policies.
The report does not specify a geographical location, making it relevant to the global automotive industry. It addresses the risks to OEMs and the supply chain, including challenges from electrification, emissions regulations, trade policies, and changing consumer behavior.
To navigate these challenges, notable OEMs mentioned in the report, such as Volkswagen Group brands collaborating on software development through Cariad, Porsche, MAN, Schmitz Cargobull, and other German manufacturers, are accelerating software cooperation, optimizing costs amid trade tensions, and increasing investments in digitalization, automation, and e-mobility.
Interestingly, 88% of the OEMs surveyed expect an e-mobility breakthrough in Europe within three years.
The report further explores how changing consumer patterns impact the automotive industry. It provides a 10-year forecast for global vehicle sales and powertrain mix, offering a clear picture of the future landscape of the industry.
The series, which will focus on automotive industry market and technology developments, will also highlight pressing industry risks and business growth opportunities. It will cover the automotive industry value chain, providing a holistic view of the challenges and opportunities ahead.
For those eager to delve deeper into these insights, the report is available for free download via a form below. This first report in the series is a must-read for anyone interested in the automotive industry's future.
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