The automotive industry is involved in the practice of designing,
manufacturing, and selling motor vehicles. The services necessary to
maintain and dispense cars after the car’s early sale are section of the
automotive aftermarket, a 258 billion dollar market. These services
comprise the components of car and repairs crucial for the automobile
environment to function. Next to China, the United States accounted
among the biggest automobile markets globally, both in terms of
production and revenue.
The automotive parts market in Europe was estimated at around 158
billion Euros in 2014. Germany is the leading country in Europe
automotive market in terms of production and revenue. Significant role
is played by Electronics and software in vehicle innovation. About 90
percent of automotive innovations in 2014 featured electronics and
software, more particularly in active safety and infotainment features.
The automotive industry has been going through a constant process of
adjustment due to the changes in its working environment. The existing
automotive manufacturing processes can be primarily perceived from the
assembly operations which direct to the construction of the complete
vehicle structure; and the power-train operations which are liable for
fabricating the power-train and drive-line components. Growing
popularity for hybrid and electric cars are going to affect the industry
in huge ways as it will generate a new market for businesses to gratify
to these new forms of vehicles.
Modern actions have altered the
backdrop of the automotive market, however for wannabe business owners
they have also created big amounts of opportunities to benefit from the
latest transformation of the automotive industry.
As all car manufacturers are focusing on manufacturing more eco friendly
and fuel efficient vehicles the “go-green” scenario has tapped the
automotive industry. As this market matures, there will be a growth in
services market from businesses that knows how to cater to these
particular types of vehicles. For the business people, who have an
enthusiasm in the Automotive Market Research Reports industry, ample of
opportunities are provided in automotive franchise.
On other hand, Auto
repair will continue to play a big role in the automotive industry.
The rising demand for more fuel-efficient vehicles to decrease energy
consumption and air pollution is a challenge for the automotive
industry. Automakers will be insisted to develop a universal platform
upon which vehicles are designed, engineered and produced, to leverage
the most capital-intensive equipment and resources primarily, and then
customize and renovate later for regional choices.
View all reports here: http://www.strategymrc.com/report_store/automotive-industry-market-research
View all reports here: http://www.strategymrc.com/report_store/automotive-industry-market-research
0 Comments