Global automotive players look forward to the future by establishing new pillars of growth and adapting as traditional elements within the industry are redefined.

 

Trends of environmental sustainability continue to fuel the proliferation of electric and hybrid vehicles also driving the ongoing push to increase engine efficiency as well as ultimately a transition away from fossil fuel-based mobility. Investment and technology developments in autonomous driving promise to change the very foundations of not only how people commute but also the dynamics of road cargo logistics. Advancements in car sharing platforms and generational preferences are changing the standard paradigms of car ownership. With these shifts, even alternative transportation models such as Uber, Lyft, as well as others are gaining traction and are looking to compete with global auto manufacturers.

 

Nevertheless, significant growth potential still exists for players able to leverage changes in the market to create and launch new innovative products, optimize operational performance, and adapt to changing service requirements. Also, continued presence in emerging and Asian markets presents substantial opportunities to capture growing demand as these markets mature.​