The briefing examines how the automotive industry is performing globally and in the largest countries in terms of automotive output. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies. The industry and market overview provide benchmarks against other countries in the region.
This report comes in PPT.
Electrification: Stricter emission requirements will increase investment in electrification. Global electric vehicle sales are forecast to reach 19.9 million units in 2026 and account for 23% of the market. Rising electrification costs will continue to put pressure on the automotive industry and will encourage further production consolidation.
Supply chain localisation: The invasion of Ukraine is forecast to accelerate supply chain localisation efforts. In order to secure the supply of critical components, car manufacturers are anticipated to create regional networks of suppliers. This could significantly benefit suppliers in Eastern Europe and Latin America.
Component shortages: The shortages of input materials and commodities are expected to increase, impacting the global automotive industry. The semiconductor shortage is one of the most acute problems, and is likely to continue until 2024. This will force manufacturers to review production plans and focus on more profitable models.
Vertical integration: Increasing shortages of components and materials required for electric vehicle production are expected to drive vertical integration of the industry. In order to secure the supply of critical materials, automotive companies will expand beyond their traditional operating segments and increase collaboration with the mining, chemicals and hi-tech goods industries.
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