In the past few years, the global automotive industry has witnessed one of the most challenging periods of its existence. With vehicle sales declining across continents and only a handful of countries registering growth, the landscape of the industry has transformed significantly. Both commercial and passenger vehicle segments of the industry have been plagued by excess capacity, greater demand for environment-friendly vehicles, and declining OEM and retail margins.
One of the major challenges facing the industry is diverse consumer behaviour across geographies. In order for OEMs to remain competitive across regions, it has become important to focus on country-specific consumer preferences rather than the once widely used, one-size-fits-all business model. OEMs are now required to innovate and look for ways to improve how vehicles are designed, manufactured, and sold, keeping the consumer’s preferences in perspective.
The other challenge is on the environmental front, with countries becoming increasingly stringent on vehicle emission norms and manufacturing practices. Although cleaner fuels with lower lead content have been in the market for a while now, the adoption of these fuels in developing countries is low as these are costlier than regular fuel. At the same time, the penetration of hybrid and electric vehicles, which emerged as an environment-friendly alternative more than a decade ago, is poor, as OEMs have not managed to make it into an affordable substitute, and most countries have not invested in infrastructure to boost acceptance.
The automotive industry has been one of the most closely studied industries at EOS Intelligence. We have not only established an in-depth knowledgebase of the various functions of the industry, across both commercial and passenger vehicle segments, but have developed an understanding of the critical importance of this industry to the economies of both developed and emerging economies. Our bespoke research and intelligence solutions enable our clients to take informed decisions based on evolving supplier and consumer dynamics, regulatory environment and technological advancements.If you desire to learn more about our automotive sector capabilities, please feel free to contact us, and we will be glad to answer your queries.