The global automotive industry stands on the brink of unprecedented change due to the impact of eight discrete megatrends, according to a new report from just-auto, set to be published next month.
The report’s author, just-auto’s managing editor Dave Leggett, argues that a combination of factors – economic, demographic and technological – will reshape the industry over the next decade. The megatrends identified and assessed include urbanisation, the drive for greener vehicles, connectivity, ADAS and autonomous cars, and digital retail.
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Speaking about the report, just-auto’s editor said: “Few industries are facing as much varied and complex change as the automotive industry. In this report I attempt to identify the most significant megatrends, and provide some practical recommendations on how to respond for both suppliers and OEMs”.
The emergence of new business models, including peer-to-peer car sharing, and on-demand mobility, popularly pioneered by Uber, is also explored. Consolidation, and the increase in opportunities in emerging economies round-off the list of megatrends discussed in the report.
The report will be available from just-auto in mid-February. However, people who take out an annual subscription to just-auto before 31 January 2016, at a 35% discount on standard pricing, will receive free copies of both ‘Automotive Megatrends‘ and another recent report, ‘Autonomous Vehicles: Divergent Futures’, by Professor Peter Wells, Director at the Centre for Automotive Industry Research.
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