AUTOMOTIVE ASSEMBLY MARKET ANALYSIS

Automotive Assembly Market, By Vehicle Type (Two Wheeler , Three Wheeler , Passenger Vehicle , Light Commercial Vehicle , Heavy Commercial Vehicle), By Component (Engine , Driving system , Control System , Accessories , Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jun 2024
Code : CMI5492
Pages :165
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market Challenges: Disrupted Supply Chains

Automakers are facing a triple threat from disrupted supply chains, rising costs, and a rapidly changing landscape. The pandemic has caused critical component shortages, while stricter emissions regulations demand investment in new green technologies. Adding to the pressure, competition is heating up as electric vehicles become more popular, with new entrants vying for market share.

Market Opportunities: Electric Vehicle Boom

Growing demand for personalized mobility options is expected to boost demand for newer vehicle variants. The push for sustainable transport is directing more consumers toward electric vehicles. EV sales are expected to rise sharply in this decade, incentivizing greater investments. Manufacturers investing in advanced automation and robotics can optimize productivity and quality. The emergence of connected cars also opens possibilities to develop new product features and after-sales services.