Automotive – Trend
Automotive – Industry – Global Market, Share and Trends 2023-2028
Automotive
Automotive
By the next decade, mobility will undergo profound changes. How might continued innovation impact this vital industry?
Exploring Automotive: A 2030 Vision
Our analysis shows the global automotive market approaching $15 trillion annually by 2030 as customization accelerates. Sustainability, connectivity and autonomy are driving demand.
Electric Dreams: Advancements in battery technology and charging infrastructure usher electric vehicles into the mainstream, comprising over 30% of new car sales.
Obstacles on the Road Ahead
While technological progress enhances experiences, growing pains will emerge. However, with the right expertise, obstacles present opportunities:
- Reskilling Workforces: New competencies are required across complex supply chains, creating demand for extensive workforce transition support.
- Regulation Realities: Evolving standards around vehicle safety, data privacy and environmental impact management add complexity to compliance requirements.
- Infrastructure Investment: Coordinated public-private strategies are needed to build out EV charging and 5G networks supporting connected and autonomous vehicles.
Reaping Returns at the Dealership
Benefits are tangible for those who aid automakers in overcoming obstacles. Global competitiveness is enhanced by the growth of a skilled labour force. Risks are mitigated by streamlined compliance. And efficient digital mobility ecosystems facilitate new mobility-as-a-service business models. The advantages of guiding the change of the automobile industry are vast.
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