future of automotive industry pdf

This is an executive summary of our analysis of the future of automotive retail, where we discuss the key forces at play and steps that stakeholders in this ecosystem should take to meet the They can, however, make strategic moves now to shape the industry's evolution. And we see that recasting automotive retailing around consumer needs is a sure way to make lives better. In the future, these macroeconomic and demographic trends could shift pockets of growth in passenger-vehicle market. Readers only need to glance at the headlines to see the grim future some are predicting for the industry. The industry response to these challenges could raise profitability by EUR 2 bil - lion in a base case scenario. Outdated Sales Strategy for the Customer: A Model Past its Prime 12 3. FAST 2025, Value and Cost Migration, Besides technological trends in the area of connected car, e-mobility, and autono-mous driving, we can observe significantly changing customer preferences in terms of The future of work in the automotive industry: The need to invest in people's capabilities and decent and sustainable work, Issues paper for the Technical Meeting on the Future of Work in the Automotive Industry (Geneva, 15-19 February 2021), International Labour Office, Sectoral Policies Department, Geneva, ILO, 2020. stakeholders across the automotive retail ecosystem to undertake significant change management to catch up with the broader retail industry. Apart from sales volume growth, four challenges will shape the near and medium-term future. Following a lean improvement approach, current-state data would be the baseline from which the industry could chart a strategic course to the desired future state. What are the future chalel nges and opportuntiei s? looking into the future of automotive and analyzing the whole field of mobility - including not just vehicles but also mobility-related services - from the perspective of the automotive industry and from different angles of the value chain. model employed by many automotive giants to reduce costs in manufacturing as the estimated. Mini cars and hatchback cars have been the mainstay for the automobile industry in India, with share around 50 percent and growth of 6 to 7 percent between financial year 2014 and 2017. Pushed to the Limit: The Time for Small Changes is Over 18 the winners in the automotive industry will be the companies that actually make life better for consumers.1 Today, we believe this even more strongly. Enthusiastic voices are pointing at excellent opportunities for the customer, the environment, or for business. competitiveness of the U.S. auto industry, it will also serve as a blueprint for future U.S. trade agreements, allowing our automakers to thrive in the increasingly competitive global auto market. the winners in the automotive industry will be the companies that actually make life better for consumers.1 Today, we believe this even more strongly. growth in demand will be about 2% per year. THE FUTURE OF AUTOMOTIVE SALES. THE FUTURE OF THE GERMAN AUTOMOTIVE INDUSTRY WISO DISKURS 3 Across the world, the established models of the automotive industry of the 20th century are increasingly dissolving. In the future, this disruption will affect major industry processes as traditional roles change and industry borders fade. scenarios to describe the future of the automotive industry. Since the industry's restructuring a decade ago, FCA, Ford, and General Motors have thrived - AIAG Executive Director J. Scot Sharland coined the name Quality 2020 for the project, a reasonable timeframe . Six years ago, we published our last major auto industry perspective, "Automotive 2020: The Tipping Point: Monumental Change in the Automotive Industry 9 2. 3 Now, Next and Beyond: auto factory of the future But the lockdown to contain the virus has led to a significantly negative impact on both the Besides technological trends in the area of connected car, e-mobility, and autono-mous driving, we can observe significantly changing customer preferences in terms of Since the industry's restructuring a decade ago, FCA, Ford, and General Motors have thrived - Apart from sales volume growth, four challenges will shape the near and medium-term future. scenarios to describe the future of the automotive industry. Pushed to the Limit: The Time for Small Changes is Over 18 In the future, these macroeconomic and demographic trends could shift pockets of growth in passenger-vehicle market. The enormous implications of that shift on economic, employment, and innovation policies have put the automotive industry in Germany and Europe under pressure. industry do to achieve resilience and develop immunity against market uncertainties in future. THE FUTURE OF AUTOMOTIVE SALES. For each automotive industry trend, we forecast a base case and a disruptive case of trend emergence. This disrupts the mass production. What's driving the global automotive industry? Enthusiastic voices are pointing at excellent opportunities for the customer, the environment, or for business. The Tipping Point: Monumental Change in the Automotive Industry 9 2. In the future, this disruption will affect major industry processes as traditional roles change and industry borders fade. But before we get to that, a brief recap of the overall 2025 value chain scenarios. Text box 1: The methodology behind "Automotive revolution - perspective towards 2030" Research on the future of mobility conducted in collaboration with Stanford University Substantial industry-wide research covering perspectives from incumbents, new entrants, start-ups, academia, as well as investment and legal firms competitiveness of the U.S. auto industry, it will also serve as a blueprint for future U.S. trade agreements, allowing our automakers to thrive in the increasingly competitive global auto market. Coming from this base, the core assumptions underlying the scenarios were adopted and transferred to the supplier landscape. The automotive industry is in the midst of an historic change right before our eyes. This disrupts the mass production. The enormous implications of that shift on economic, employment, and innovation policies have put the automotive industry in Germany and Europe under pressure. This reflects different manifestations of consumer, business, technological and regulatory forces and lays the foundation for a nuanced assess-ment of trend effects We present a differentiated perspective of future industry effects based on two . Industry ecosystems continue to intersect and overlap. regarding the future of Mobility • Over 12years consulting in the automotive industry • Oliver Wyman Global Supplier Team • Focus on strategy development, operations improvement and transformations • Author of various Oliver Wyman studies (e.g. FAST 2025, Value and Cost Migration, Automotive incumbents cannot predict the future of the industry with certainty. Nearly every day we read in the news about an actual or future shake-up in the market, new business models, or a new value chain. And we see that recasting automotive retailing around consumer needs is a sure way to make lives better. regarding the future of Mobility • Over 12years consulting in the automotive industry • Oliver Wyman Global Supplier Team • Focus on strategy development, operations improvement and transformations • Author of various Oliver Wyman studies (e.g. Six years ago, we published our last major auto industry perspective, "Automotive 2020: SUMMARY 4 OUR APPROACH 6 1. stakeholders across the automotive retail ecosystem to undertake significant change management to catch up with the broader retail industry. Sales Model Transformation: A Requirement for the Dealers of Tomorrow 15 4. Based on this analysis, we share our industry predictions for the period up to 2030. automotive industry - with the focus on the use rather than the production of vehicles, in order to make the lives of individual users more enjoyable, more efficient and safer: in other words, "eascy." This study sets out to show the promising prospects that will open up the way to restructuring the automotive industry. Sales Model Transformation: A Requirement for the Dealers of Tomorrow 15 4. of focus for a near-future, industry-wide, quality-focused initiative. of focus for a near-future, industry-wide, quality-focused initiative. The automotive industry is in the midst of an historic change right before our eyes. Readers only need to glance at the headlines to see the grim future some are predicting for the industry. SUMMARY 4 OUR APPROACH 6 1. Coming from this base, the core assumptions underlying the scenarios were adopted and transferred to the supplier landscape. Industry ecosystems continue to intersect and overlap. model employed by many automotive giants to reduce costs in manufacturing as the estimated. Following a lean improvement approach, current-state data would be the baseline from which the industry could chart a strategic course to the desired future state. automotive industry - with the focus on the use rather than the production of vehicles, in order to make the lives of individual users more enjoyable, more efficient and safer: in other words, "eascy." This study sets out to show the promising prospects that will open up the way to restructuring the automotive industry. Text box 1: The methodology behind "Automotive revolution - perspective towards 2030" Research on the future of mobility conducted in collaboration with Stanford University Substantial industry-wide research covering perspectives from incumbents, new entrants, start-ups, academia, as well as investment and legal firms Based on this analysis, we share our industry predictions for the period up to 2030. growth in demand will be about 2% per year. To get ahead of the inevitable disruption, incumbent players need to implement a four-pronged strategic approach: Prepare for uncertainty. Nearly every day we read in the news about an actual or future shake-up in the market, new business models, or a new value chain. So, households having 2-3 . Gary Silberg Partner and National Automotive Practice Leader 1Me, my car, my life, KPMG, 2014 What are the future chalel nges and opportuntiei s? Gary Silberg Partner and National Automotive Practice Leader 1Me, my car, my life, KPMG, 2014 But before we get to that, a brief recap of the overall 2025 value chain scenarios. AIAG Executive Director J. Scot Sharland coined the name Quality 2020 for the project, a reasonable timeframe . Sure way to make lives better this disruption will affect major industry processes as traditional roles change and industry fade... Chalel nges and opportuntiei s: a Model Past its Prime 12 3 Executive J.! 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