Market Analysis - Automobile Europe 2020
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In 2019, the global automotive pie will expand. Our analysis shows that, at just over 97M units, the Q2 annualized sales rate for the global light vehicle market increased by 3.8% over last year's pace. The market is about to close at 100M. We're going to talk about another record year by the end of the year, with China posting more than 30 m units, the US near 17M, and Western Europe again over 14M. Emerging markets such as Indonesia and India are also making a growing contribution to the annual tally.
Major forecasters are forecasting global economic growth for 2018 and 2019 to be close to 4 percent per year – a respectable level of historical standards. In the front line, the automotive industry is rightly concerned, even as the overall market continues to grow. Digitization and integration generate large amounts of usage data, creating new revenue streams in the automotive industry, such as data monetization. The prices of batteries for electric vehicles (EV) are constantly falling, which makes EVs affordable, contributing to their sales growth. It is important for stakeholders in the automotive industry to be aware of the dynamically evolving trends and ways in which they can be monetized.
It is estimated that the global automotive head-up display market will reach $2,786 million by 2024; growing at a CAGR of 23.1% between 2016 and 2024. Automotive head-up display (HUD) is any transparent display that displays data without having to look away from the usual frame of drivers or users. There may be two types of HUDs in cars, a windshield, where the user and a combiner will be reflected on a projected image, which can be separated from the windshield and retracted. HUDs have been widely used in the aviation sector, but it has now also been used in automotive sectors such as sports, luxury and premium cars to enhance safety and safety and comfort requirements. In the coming years, the HUDs will also be introduced in SUVs and mid-sized cars. HUDs will not only feature speed and warning signals, but will also display navigation information or advanced driver assistance (ADAS) data, enabling users to access critical points while focusing on their drive.
It is expected that increased knowledge of HUD devices, increased disposable income globally, and high demand for mid-sized cars & luxury cars will fuel market growth. In addition, the market is also expected to boast of new product innovations and mergers & acquisitions, along with the entry of new players. High costs in R&D and technology downsizing, however, may hinder market growth. Furthermore, voice controlled HUDs and untapped markets would provide an opportunity for the growth of the HUD market.
Based on the product type, application and geography, the automotive head-up display market is segmented. Furthermore, the product type is segmented into Windshield HUD and Combiner HUD. In addition, the application is segmented into premium cars, sports cars, luxury cars and others (low priced cars and other cars).
North America, Europe, Asia-Pacific and RoW segment the automotive head-up display market by geography. The United States, Mexico and Canada are covered by North America, where France, Germany, the United Kingdom, Spain and others are covered by Europe. China, India, Japan, South Korea and others are covered by Asia-Pacific. South America, Middle East and Africa are covered by the rest of the world (RoW).
Forecast for the next five years: The Automotive Industry's current state. Over the past few years, many traditional car manufacturers have experienced stagnant or growing production. In the United States, total car sales for 2018 were only 0.3 percent higher than in 2017. ... Vehicle sales in the U.S. are expected to fall by 1.2% to 4% in 2019.
In 2018-2022, developments in the field of green tires for automotive will be one of the major trends in the global market for green tires for automotive. The innovations in the field of green tires in the automotive sector were motivated by growing concerns about environmental pollution caused by car tires. Strict emission standards guide creative tire design innovations.
The latest market research report on fuel cell vehicles 2025 contains complete outlook for the industry, market manufacturers and key statistical analysis. Sales & Share, trends in the industry are discussed, explained and analyzed.
Market share of fuel cell vehicles will grow at a rate of over 40% to reach revenue of over $11 billion by 2025, driven by increased demand to curb carbon emission levels to improve air quality. Increasing environmental concerns related to vehicle emissions lead to higher fuel cell vehicle adoption.
Increasing consumer spending and higher requirements for mobility are increasing the demand for vehicles powered by hydrogen. Rapid urbanization and proliferating construction activities provide potential opportunities for environmentally friendly vehicles to be adopted. A robust economic growth and a high standard of living enable the development of the fuel cell vehicle industry.
Scope and Importance of conference:
If you see the things around you, most of them are mechanical mixed electronics, and the future will consist of different combinations of fields, a single field cannot dominate. We are entering a digital world where computers will play a vital role in interaction instruction and everything else, but mechanical machines whoever controls them will do the real work. So you can now understand how important mechatronics are in the coming future for at least the next 25 years before we build the artificial intelligence.
With so many exciting growth prospects in the automotive industry in the coming years, it is a fruitful choice to go to an Automotive Engineering School to graduate from the automotive design industry. With plenty of scope for growth and success, you will have a lucrative and successful career in the future.
Labor and operating costs across all models are relatively constant. Nevertheless, trucks contribute more income per vehicle on average, led by large luxury cars. Trucks are rarely rebuilt, so there is very little investment in tooling per vehicle. Historically, small cars were less profitable than large cars, and there was more competition from imports in this market segment.
The downturn also impacted Japanese car makers, but not as serious as the U.S. car manufacturers. While the U.S. companies have suffered record losses, only a drop in earnings has been witnessed by the big Japanese car manufacturers. And Japanese automobiles ' market share increased during the recession to record levels in the United States.
The U.S. automotive industry faces a tough, if not unparalleled, period of rivalry and capital spending in its attempts to compete with Japanese manufacturers and comply with pending government emission control and safety regulations. Because of the 1990-1991 recessions and the battle for market share, these pressures are falling on an industry trying to cope with massive losses.
Because of their size and features, larger cars will command higher prices. In addition, as discussed herein, the CAFE standards that put pressure on manufacturers to lower the prices of small, fuel-efficient cars in order to ensure compliance.
Associations and Societies on Automobile:
Accreditation Board for Engineering and Technology
National Society of Professional Engineers
America Society for Engineering Education
American Institute of Aeronautics and Astronautic
American Society of Civil Engineers
Engineering Management Career
Indian Institute of Technology
Alliance International de Tourism
Auto-Moto Association of Macedonia
Argentine Automobile Club
Automobile Association of Kenya
Automobile Association of South Africa
Automobile Club de l'Ouest
Croatian Auto Club
Cyprus Automobile Association
Federation of Danish Motorists
Riksförbundet M Sverige
National Socialist Motor Corps
New Zealand Automobile Association
Norwegian Automobile Federation
Polish Automobile and Motorcycle Federation
Royal Automobile Club of Spain
Touring and Automobile Club of Turkey
Touring and Automobile Club of Colombia
Touring Club Belgium
Touring Club Suisse
Western India Automobile Association
Renault (Renault Group)
Automobile Engineers/Research Professors
Junior/Senior research fellows of Automotive / Mechanical / Robotics
Automotive/ Mechanical Students
Directors of Automobile companies
Members of different Automotive/Mechanical/Robotics associations