automotive industry growth rate 2018Though completely autonomous vehicles will take some more time to make their way onto the roads, autonomous cars are certainly worth the watch in 2018. With advantages like decreased accidents, far better targeted traffic management, and elevated passenger comfort, the autonomous car is most absolutely the crème de la crème exactly where future automotive technology is concerned. After Google and Uber, 2018 will witness a string of automotive giants launching their personal variants of autonomous autos.
IBISWorld’s Automotive Sector industry investigation report can be utilized to assist you: understand marketplace size and growth prospective main firms draft company plans and pitch books and conduct benchmarking and SWOT analysis. Our market evaluation highlights macro market trends in the overall sector and micro trends faced by firms that do company in the industry. The business report also gives crucial market statistics and five-year forecasts to anticipate future industry prospects so you can choose with self-assurance.
Multi-goal automobiles (MPVs) are one more location to watch globally, as the emergence of auto-primarily based SUVs threatens the minivan industry. Sales in the MPV segment declined by eight.7% amongst 2016 and 2017, a trend that Euromonitor expects to continue by way of at least the mid-2020s. Despite MPVs’ practicality, automakers are exiting the segment amid waning customer demand stemming from a lack of a cool” factor and new crossover SUVs that offer you comparable versatility and handling qualities.
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