Following the global financial crisis of 2007-08, there was a decline in the traditional markets of the automotive industry. This was particularly the case in the Americas and Europe, which have had a higher rate of vehicle penetration than developing nations. These regions are home to many automotive manufacturers, such as Fiat, Ford, GM, and Volkswagen. These companies are now establishing a stronger presence in emerging economies like India and Brazil, which provide more opportunities for this industry.
Given this scenario, the automotive industry is one of the most competitive industries out there. It is growing rapidly and it has enjoyed high sales worldwide. Emissions-related regulations, primarily in the Americas and Europe, have pushed the auto industry to develop hybrid and electric vehicles. Auto companies are focusing on innovations based on advanced features and components, like alternative fuel drivetrains, to differentiate their vehicles.
Automotive industry stakeholders, including suppliers such as Delphi, Denso, Magna, and Robert Bosch and original equipment manufacturers (OEMs) such as Fiat, Ford, GM, Honda, Hyundai, Toyota, and Volkswagen are some of the companies that are at the forefront of the automotive industry.
Technavio’s automotive reports provide actionable insights that stakeholders in this industry can use to make informed decisions on expansion, diversification, and other strategic actions. Technavio’s portfolio includes reports on all the major areas of the automotive industry, including automotive aftermarket, automotive components, automotive manufacturing, automotive services, powertrain, automotive electronics, wheels and tires, auto accessories.