Automotive funding, a crucial sector of the automotive industry, is witnessing a paradigm shift in its operating model driven by changes in customer preferences and technological advancements. Strong growth in new vehicle sales and rising used car prices are fuelling growth in this sector. The primary role of auto leasing...
Discover more insightsThe new car dealership segment in the automotive industry continues to demonstrate a growth trajectory. This can be attributed to factors such as a rise in consumer demand driven by an improved economic outlook, low-interest rates, and an expansion in car ownership in emerging markets. Digitalization has redefined traditional sales...
Discover more insightsThe vehicle repair industry is poised for significant shifts driven by emergent technologies. Innovations in automotive design, such as electric and autonomous vehicles, are demanding new skills from mechanics and body repair professionals. In conjunction, technologies to streamline shop operations, like digital diagnostics and advanced management software, are increasingly integral...
Discover more insightsThe vehicle rental and repair industry has made significant strides over the past years, prompted by technological advancements, changing consumer behaviours and evolving business models. The industry is a key pillar to transportation needs in various geographical regions, fulfilling short-term mobility needs. Economy dynamics, especially urbanization and tourism activities, chiefly...
Discover more insightsSubstantial technological advancements and a rising regard for recreational activities are driving the development in the motor vehicle body, caravan and trailer manufacturing sector. Increasingly, consumers opt for these vehicles as a lifestyle choice, valuing their ability to provide comfort, freedom, and connectivity on the road. The growth of this...
Discover more insightsThe global automotive industry is witnessing technological advancements, along with changing customer preferences, due to which sales dynamics are evolving. Customers are increasingly leaning towards environmentally friendly and technology laden vehicles. Such trends are opening avenues for growth. Manufacturers who can effectively marry technology with sustainability are likely to capture...
Discover more insightsThe automotive aftermarket is witnessing significant shifts, primarily steered by technological advancements. Among these trends is the rise of e-commerce in parts and services. Digital platforms continue to disrupt traditional distribution channels, broadening customer reach and bolstering competition. Furthermore, the transition to electric, autonomous, and connected vehicles is influencing demand...
Discover more insightsThe use of Computer-Aided Design (CAD) in the automobile industry has brought about significant changes. A notable contribution of CAD is its profound influence on design processes, yielding time and cost efficacies. CAD technology, with its advanced simulation and modeling capabilities, enables engineers to predict design outcomes and preemptively troubleshoot...
Discover more insightsAs key automotive components, tappets (also known as lifters) have observed steady demand, influenced by the automobile production rate worldwide and aftermarket requirements. Their market trends correlate with advancements in engine technologies and proliferation of stringent emission norms. The push for fuel-efficient vehicles and the gradual transition towards electric vehicles...
Discover more insightsThe advent of new technologies and automated systems is serving as a driving force in enhancing efficiency and optimizing processes in vehicle restoration segments, including body, paint, interior, and glass repair. Digitalization is being leveraged to streamline operations, reduce manual errors, and increase workspace safety. Advanced tools and equipment, reinforced...
Discover more insightsIn recent years, the motor vehicle part sector has seen significant growth. This substantial expansion can be attributed to numerous factors such as technological advancements, improvements in manufacturing processes, and increased demand for vehicles worldwide. Although precise figures vary, recent estimates place the global market value well into the hundreds...
Discover more insightsAutomotive production evolves continuously, driven by technology, policy, and market changes. Industry 4.0, digitalization, and sustainability all emerge as drivers for redefining manufacturing processes. Many industries, including the automobile sector, are leveraging these advancements to increase efficiency, minimize costs, and reduce their environmental footprint. Crucially, these production enhancements chart the...
Discover more insightsThe aftermarket for brake parts is characterized by considerable dynamism. The market has seen continuous innovation, as manufacturers vie to improve product performance and durability. Driven by safety concerns and to sustain in the competitive market, operators have launched superior quality brake parts that offer improved life and efficiency. Equally,...
Discover more insightsAs a significant segment within the car accessories market, the aftermarket alloy wheels sector's evolution often mirrors wider auto-industry trends. Two primary factors notably impact this market segment: vehicular customization trends and the shift towards lightweight materials in the automotive sector. A growing segment of consumers is keen to differentiate...
Discover more insightsAs industrial artisans of the automotive space, technicians product preferences have remained thought-provoking across the years. Historically, reliability, durability and ease of use have been of prime importance to automotive technicians when selecting tools. They have demonstrated a consistent penchant for brands that meet these specifics, fostering trusty relationships with...
Discover more insightsA discernible shift from traditional dealership to digital car buying platforms is evident. Predicated on research's triangulated findings, this pivot is driven by higher convenience levels, wider visual catalogs of options, and general efficiency of online platforms. Notably, pre-owned car sales segment seems to reap the most from the foray...
Discover more insightsAs a vital component of the larger automotive industry, the auto parts manufacturing sector is profoundly influenced by cycles of demand and supply, regulatory changes, and technology advancements. A rising global middle class, particularly in developing economies, augments the demand for automobiles, thus driving auto parts production. On the other...
Discover more insightsThe automobile and tire wholesaling sectors play a crucial role in global economies. Autovehicles, distributed through multiple channels before reaching end users, pass through a series of wholesalers – a $79 billion industry in the US alone. These alike, tire wholesalers facilitate the global re-distribution of rubber products, an industry...
Discover more insightsAn examination into the concentration and performance of firms within the motor vehicle production landscape reveals the dominance of a select few. Companies like General Motors, Toyota, Volkswagen, and Ford consistently emerge as leaders due to their vast economies of scale, diverse product lines, and widespread brand recognition. These firms...
Discover more insightsThe global automotive manufacturing sector is a high-stakes arena, populated by powerful entities. Prominent players such as the US's General Motors, Japan's Toyota, and Germany's Volkswagen Group typify this sector's competitive landscape. These firms, with their expansive product portfolios, acquisitions, and strategic alliances, influence significant market shifts. Innovation and technological...
Discover more insightsIn the field of automotive cameras, several significant technological enhancements have unfolded over recent years. High-resolution 3D camera and software advancements have converged to allow more precise object detection and recognition, crucial for autonomous driving. Moreover, there has been an expansion in the integration of AI and machine learning algorithms,...
Discover more insightsThe market for scale models of automobiles, made primarily from diecast—a blend of metals including zinc—is influenced by considerable dynamics. This market operates within a niche space, largely driven by collectors needs, hobbyists interests, and corporate branding initiatives. Although a relatively stable collector base ensures a steady demand, the market...
Discover more insightsThe automobile sector is witnessing several key trends that are reshaping the industry. A dominant trend is the move towards greener vehicles, with an intense focus on electric and hybrid models, as environmental sustainability gets prioritized. There is also a growing interest in autonomous or self-driving vehicles, which, propelled by...
Discover more insightsThe automobile industry in Asia is currently undergoing a transformative shift, shaped primarily by technological innovation, changing consumer behavior, and increased environmental consciousness. Digitalization and automation are notable trends, with a substantial increase in demand for electric vehicles (EVs) and autonomous driving technology. Emerging economies are rapidly urbanizing, and with...
Discover more insightsAs we navigate our way through the 21st century, the automotive sector has been adapting to meet demographic trends, technological advancement, and geopolitical shifts. The transition towards electric vehicles (EVs) and alternative fuels, driven by environmental concerns and strict emission norms, is redefining global automotive supply chains. With the increased...
Discover more insightsEconomic trends and technological advancements have a profound impact on chassis designs. Primarily, significant progress in the development of lightweight materials, combined with the growing need for fuel efficiency and reduced emissions are driving the evolution towards modular vehicle platforms and flexible manufacturing environments. Varying market demands for passenger safety...
Discover more insightsIn the automotive sector, manufacturers are focusing on enhancing the driving comfort and safety, paving the way for significant upgrades to steering mechanisms. The market has seen a surge in steering technologies that integrate heating elements, a feature designed to improve driver comfort in cold climates. Besides providing comfort, heated...
Discover more insightsComplexities today in the automobile sector continue to grow rapidly, primarily driven by advancements in digital technology. These advancements have sparked a surge in the adoption of simulation methods, designed to enhance performance, drive innovation, and reduce costs. Artificial Intelligence, machine learning, and data analytics are being increasingly implemented to...
Discover more insightsThe global automotive industry's performance can be traced back to a variety of factors. Globalisation has enabled expansion into new markets, while consumer preferences for sustainable and efficient vehicles are driving innovation. Technological advancements such as electrification, autonomous vehicles and connected cars are revolutionising the industry. However, macroeconomic pressures, regulatory...
Discover more insightsThe global automotive industry has weathered multiple storms, including centre-shifting global trade dynamics and momentous technological advancements. Emergent Asian economies have grown as significant players, shaking up the established geo-industrial order, while western economies face challenges rooted in digital transformation. The industry's performance can be better understood by scrutinizing vehicle...
Discover more insights