COVID-19 Growth Impact Assessment for the Automotive Industry, 2020

COVID-19 Growth Impact Assessment for the Automotive Industry, 2020

Stakeholders to Focus on Resource Optimization, New Growth Segments and Cost Rationalization to Overcome Slowdown

RELEASE DATE
27-Apr-2020
REGION
Global
Research Code: MF6C-01-00-00-00
SKU: AU01992-GL-MT_24348

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Description

The mushrooming corona virus outbreak in the central Chinese city of Wuhan prompted the World Health Organization (WHO) to declare a global health emergency in late January. The corona virus outbreak isn’t just a massive health crisis; it’s an economic one as well. If the pandemic is not contained by a large extent by April, the drop in consumer demands and industrial production could potentially push the global economy into a recession in 2020.

The corona virus outbreak has heavily impacted the manufacturing industry. OEMs and parts suppliers have yet to return to full production capacity. Consequent delays in delivery might impact the market at multiple levels from postponed new car model launches, shattered supply chains, financially drained SMEs, and dampened vehicle sales in Q1, 2020. The effects will spill over into Q2 as well, with unfulfilled order deliveries due to ongoing production slowdowns. This situation is set to exacerbate the numerous challenges already facing the auto industry, including tougher CO2 emissions standards and higher investments in new technologies. The study shed light on the impact of the pandemic on the global light vehicle production of global OEMs across key regions such as regions such as NA, Europe, APAC, China and India in three different scenarios.

As the effects of the pandemic start to wane and the industry begin to recover, OEMs will explore various options to draw back consumers and offset the drop in sales. The study deals with the impact across different regions and the top global OEMs. OEM wise impact analysis across different regions based on sales and production dependency along with forecast in various post COVID-19 scenarios has been covered in the study.

The study also covers the impact of the pandemic and new opportunities created on other mobility verticals such as shared mobility, electric vehicles, connectivity solutions, aftermarket and vehicle leasing. The study highlights the unit shipments and growth rates across different verticals along with opportunity areas in each of these verticals. Personal mobility modes will make a strong comeback. The demand for micro-mobility solutions, in particular, will surge. Micro-mobility solutions are easy-to-use and ideal in congested city environments. In the current context of COVID-19, these single or double seaters, like mopeds and scooters, offer riders better control over their health & wellness. Automakers are likely, therefore, to explore the potential of this sector as they attempt to draw up blueprints for a post-corona virus scenario.

Companies are stepping up to the challenge created by the corona virus outbreak. They are supporting governments in developing and supplying various health and wellness solutions, which has been covered in the study as well. This massive crisis is going to change the outlook for auto manufactures in the near future as the focus is likely to shift towards health and wellness solutions in vehicles.

The study includes a comprehensive scenario based analysis centered on the current world scenario on a key industries like Automotive across various markets to enable clients survive the present to thrive in the future. At the same time we recognize it is important for our followers to remain on top of their strategic initiatives.

Research Scope

The aim of this study is to assess the growth impact of the COVID-19 pandemic on the global automotive industry.

Strategic Imperatives:

The global COVID-19 pandemic and the subsequent recession like global economic slowdown has left governments and markets stumbling in a directionless chaos and uncertainty.  In the midst of a lurking global recession catalyzed by the uncontrolled spread of the Corona virus, companies and leaders invariably fall short of prompt decision making subsequently missing out on potential opportunities during such times of great distress. Therefore a comprehensive scenario based analysis was conducted, centered on the current world scenario on a key industries like Automotive across various markets to enable clients survive the present to thrive in the future.


Key Issues Addressed 

  • How will the current market turmoil impact business planning?
  • What are the scenarios individual markets (Europe, North America, APAC, Middle East and India) that I need to be cognizant of as realistic market change to strategy is made?
  • What are the best practices and recommendations for business survival ?
  • Do growth opportunities still exist in the market and if so, what are they and how can my organization leverage them?           
  • What strategies are key market participants currently employing?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

GLOBAL ANNUAL LIGHT VEHICLE PRODUCTION—2000 TO 2025

ANNUAL LIGHT VEHICLE PRODUCTION & SALES SCENARIO—DEFINITION

COVID-19 OUTBREAK—IMPACT ON TOP 13 LIGHT VEHICLE MARKETS (SEVERE PANDEMIC)

TOP 10 OEM GROUPS—DEPENDENCY ON IMPACTED COUNTRIES

COVID19 OUTBREAK—A SNAPSHOT ON OEM RISK MITIGATION STRATEGIES

COVID-19 OUTBREAK—OEM PROMOTIONAL CAMPAIGNS TO TAKE CENTRE STAGE

KEY CHALLENGES FACED BY THE AUTOMOTIVE INDUSTRY DUE TO COVID-19 OUTBREAK

MORTALITY MATRIX—AUTOMOTIVE INDUSTRY VERTICAL IMPACT RECOVERY MATRIX

KEY AUTOMOTIVE INDICATORS—PRE-COVID VS. DURING-COVID ANALYSIS

IMPACT OF COVID-19 ON START-UP COMPANIES

KEY RISK MITIGATION STRATEGIES FOR OEMS AND DEALERS—TIMELINE

GOVERNMENT SUPPORT FOR THE REVIVAL OF THE AUTO INDUSTRY

RESEARCH SCOPE

VEHICLE SEGMENTATION

WORLD GDP GROWTH TO PLUNGE TO (1.1%) UNDER SEVERE PANDEMIC SCENARIO

WORLD GDP—QUARTER BY QUARTER ANALYSIS

REGIONAL GDP—QUARTER BY QUARTER IMPACT ANALYSIS FOR KEY REGIONS

CRUDE OIL FORECAST—QUARTER BY QUARTER (PRICES TO SLIDE $34.8 OR LESS)

LIST OF COUNTRIES AFFECTED BY COVID-19—CLASSIFIED BY SEVERITY

COUNTRYWISE GOVERNMENT RESPONSE TO COVID-19

ECONOMIC STIMULUS MEASURES BY COUNTRY—REVENUE GRANT

COVID-19 IMPACT ON INDUSTRIES—STRUGGLING, SURVIVING AND THRIVING

FORCES SHAPING AUTOMOTIVE BUSINESS ECOSYSTEM

2020 GLOBAL LIGHT VEHICLE PRODUCTION MONTH WISE FORECAST

2020 GLOBAL LIGHT VEHICLE PRODUCTION QUARTER WISE PREDICTION

KEY OEM RISK MITIGATION STRATEGIES BY REGION

2020 GLOBAL LIGHT VEHICLE PRODUCTION FORECAST BY COUNTRY

THE THREE SCENARIOS—PRODUCTION FORECAST FOR AMERICA

THE THREE SCENARIOS—PRODUCTION FORECAST FOR EUROPE

THE THREE SCENARIOS—PRODUCTION FORECAST FOR APAC

THE THREE SCENARIOS—PRODUCTION FORECAST FOR CHINA

THE THREE SCENARIOS—PRODUCTION FORECAST FOR INDIA

GLOBAL VEHICLE MANUFACTURER VALUATIONS—SHARE PRICE HEADING SOUTH

PRE-COVID-19 OUTBREAK—OEMS REGIONAL VEHICLE PRODUCTION DISTRIBUTION

TOP 10 OEM GROUPS—SALES IMPACT ANALYSIS

RISE IN GLOBAL VEHICLE MANUFACTURER LIABILITIES

GLOBAL VEHICLE MANUFACTURER SHIFT FOCUS TOWARDS MEDICAL SUPPLIES

GLOBAL VEHICLE MANUFACTURER COVID IMPACT ASSESSMENT

ANALYZING IMPACT AND IDENTIFYING GROWTH OPPORTUNITIES BY MOBILITY VERTICALS

IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL SHARED MOBILITY MARKET

IMPACT OF THE COVID-19 OUTBREAK ON GLOBAL VEHICLE CONNECTIVITY SERVICES

IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL AFTERMARKET

IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL NEW VEHICLE LEASING MARKET

IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL ELECTRIC VEHICLE MARKET

GLOBAL ELECTRIC VEHICLE SALES BY MONTH—JANUARY 2017 TO DECEMBER 2021

2020 global electric vehicle sales—month wise forecast

COVID-19 IMPACT ANALYSIS ON ELECTRIC VEHICLE SALES BY REGION

GLOBAL ELECTRIC VEHICLE MODEL AVAILABILITY BY VEHICLE SEGMENTS—2019 AND 2025

IMPACT OF THE COVID-19 OUTBREAK ON ELECTRIC VEHICLE MODEL LAUNCHES

IMPACT OF THE COVID-19 OUTBREAK ON EV CHARGING STATION INSTALLATIONS

OPPORTUNITY 1—AFTERMARKET

OPPORTUNITY 2—CONNECTIVITY

OPPORTUNITY 3—LEASING AND RENTAL

OPPORTUNITY 4—DIGITAL RETAILING

OPPORTUNITY 5—SHARED MOBILITY

MACRO TO MICRO ANALYSIS & RISK MITIGATION STRATEGIES FOR OEMS

RISK MITIGATION STRATEGIES FOR OEMS

MACRO TO MICRO ANALYSIS & RISK MITIGATION STRATEGIES FOR DEALERS

RISK MITIGATION STRATEGIES FOR DEALERS

NEXT STEPS

LEGAL DISCLAIMER

OEMS’ EV SALES FOOTPRINT IN THE U.S.

OEMS’ EV SALES FOOTPRINT IN THE U.S. (CONTINUED)

OEMS’ EV SALES FOOTPRINT IN THE U.S. (CONTINUED)

Related Research
The mushrooming corona virus outbreak in the central Chinese city of Wuhan prompted the World Health Organization (WHO) to declare a global health emergency in late January. The corona virus outbreak isn’t just a massive health crisis; it’s an economic one as well. If the pandemic is not contained by a large extent by April, the drop in consumer demands and industrial production could potentially push the global economy into a recession in 2020. The corona virus outbreak has heavily impacted the manufacturing industry. OEMs and parts suppliers have yet to return to full production capacity. Consequent delays in delivery might impact the market at multiple levels from postponed new car model launches, shattered supply chains, financially drained SMEs, and dampened vehicle sales in Q1, 2020. The effects will spill over into Q2 as well, with unfulfilled order deliveries due to ongoing production slowdowns. This situation is set to exacerbate the numerous challenges already facing the auto industry, including tougher CO2 emissions standards and higher investments in new technologies. The study shed light on the impact of the pandemic on the global light vehicle production of global OEMs across key regions such as regions such as NA, Europe, APAC, China and India in three different scenarios. As the effects of the pandemic start to wane and the industry begin to recover, OEMs will explore various options to draw back consumers and offset the drop in sales. The study deals with the impact across different regions and the top global OEMs. OEM wise impact analysis across different regions based on sales and production dependency along with forecast in various post COVID-19 scenarios has been covered in the study. The study also covers the impact of the pandemic and new opportunities created on other mobility verticals such as shared mobility, electric vehicles, connectivity solutions, aftermarket and vehicle leasing. The study highlights the unit shipments and growth rates across different verticals along with opportunity areas in each of these verticals. Personal mobility modes will make a strong comeback. The demand for micro-mobility solutions, in particular, will surge. Micro-mobility solutions are easy-to-use and ideal in congested city environments. In the current context of COVID-19, these single or double seaters, like mopeds and scooters, offer riders better control over their health & wellness. Automakers are likely, therefore, to explore the potential of this sector as they attempt to draw up blueprints for a post-corona virus scenario. Companies are stepping up to the challenge created by the corona virus outbreak. They are supporting governments in developing and supplying various health and wellness solutions, which has been covered in the study as well. This massive crisis is going to change the outlook for auto manufactures in the near future as the focus is likely to shift towards health and wellness solutions in vehicles. The study includes a comprehensive scenario based analysis centered on the current world scenario on a key industries like Automotive across various markets to enable clients survive the present to thrive in the future. At the same time we recognize it is important for our followers to remain on top of their strategic initiatives.--BEGIN PROMO--

Research Scope

The aim of this study is to assess the growth impact of the COVID-19 pandemic on the global automotive industry.

Strategic Imperatives:

The global COVID-19 pandemic and the subsequent recession like global economic slowdown has left governments and markets stumbling in a directionless chaos and uncertainty.  In the midst of a lurking global recession catalyzed by the uncontrolled spread of the Corona virus, companies and leaders invariably fall short of prompt decision making subsequently missing out on potential opportunities during such times of great distress. Therefore a comprehensive scenario based analysis was conducted, centered on the current world scenario on a key industries like Automotive across various markets to enable clients survive the present to thrive in the future.

Key Issues Addressed 

  • How will the current market turmoil impact business planning?
  • What are the scenarios individual markets (Europe, North America, APAC, Middle East and India) that I need to be cognizant of as realistic market change to strategy is made?
  • What are the best practices and recommendations for business survival ?
  • Do growth opportunities still exist in the market and if so, what are they and how can my organization leverage them?           
  • What strategies are key market participants currently employing?
More Information
No Index No
Podcast No
Author Vigneshwaran Ramesh
Industries Automotive
WIP Number MF6C-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9801-A6,9A70-A6,9882-A6,9A57-A6,9AF6-A6,9B02-A6,9B13-A6