Global Automotive Industry Outlook, 2020

Global Automotive Industry Outlook, 2020

COVID-19 Pandemic to Negatively Impact Light Vehicle Sales to the Tune of Over 14% YoY

RELEASE DATE
23-Jun-2020
REGION
North America
Research Code: K4BC-01-00-00-00
SKU: AU02014-NA-MO_24520

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Description

The novel coronavirus driven pandemic has adversely affected a wide array of industries. The automotive industry is not immune to the disruptions caused by the virus either. The months of March and April have seen lockdowns of cities across the globe, and the sales of automobiles have plummeted as a result. Light vehicle (LV) sales in China, the United States, the United Kingdom, Spain, Germany, France, and Italy have been hit hardest by the COVID-19 outbreak in the first quarter of 2020. A mild recovery is likely in the second half of the year as the pandemic tides over. Overall, a decline in sales of more than 14% is anticipated in 2020.

Automotive companies are expected to focus more on preserving their capital in the short term, developing a more robust online retailing strategy, and incorporating a wide range of Health Wellness and Wellbeing (HWW) features in their vehicles.

Key Trends

Autonomous Shared Transportation - Automotive manufacturers, mobility service providers, and autonomous technology companies are working on multiple collaborations with the aim to succeed in autonomous shared transportation.

Vehicle Subscription Services by OEMs will rise - OEMs are offering vehicle subscriptions which provide greater flexibility to customers and reduce ownership liability.

Rise of Super Apps - Grab, Uber, and Didi are gradually shifting from being just ride hailing firms to being true on-route mobility services providers.

In-Vehicle Payment (IVP) Make Their Way into Cars - Having made eCommerce retail payments frictionless, eWallets and card-on-file payments will make their way into in-vehicle eCommerce.

Dedicated Architecture Strategy for Autonomous Platforms - In 2020, OEMs will shift their platform strategy to a four-layered platform approach as the industry progresses towards CASE mobility.

Embedded Telematics Becomes a Data Monetisation Tool - By 2020, about 70% to 75% of major automakers in the EU will have embedded telematics platforms and market participants in North America will advance their services for ensuring greater customer retention.

Cloud Kitchens will Drive Online Food Delivery - Third-party and online food delivery companies are looking at cloud kitchens as a sustainable and saleable alternative business model to drive growth.

Key Issues Addressed

  • What were the disruptive trends which influenced the automotive industry in 2019?
  • What are the key technology trends which will have an impact on the industry in 2020?
  • What will be the impact of COVID-19 pandemic on automotive sales globally and automaker strategies in the short and medium terms?
  • What are the latest trends in the EV space?
  • How will the COVID-19 pandemic affect the shared mobility market?

Author: Joe Praveen Vijayakumar 

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Highlights of 2019

Predictions for 2020

Research Scope—Light Vehicle Sales

Vehicle Segmentation

Global LV Sales by Region in 2019 and 2020—Snapshot

Winners of 2019

Global LV Sales of Top 20 OEM Groups

Global LV Sales of Top 25 Automotive Markets

LV Sales of Key Chinese OEM Groups Globally

Top 5 Markets by Sales Volume in 2019

Key Regional Markets—United States

Key Regional Markets—Canada and Mexico

Key Regional Markets—Brazil and Russia

Key Regional Markets—India and China

Premium & Super Premium Vs Non-Premium LV Sales

Global LV Sales of Top 10 Premium & Super Premium Vehicle OEMs, 2018 and 2019

Key Regional Markets—Europe (G5 Vs E5)

Key Regional Markets—Emerging Economies

Top Trends for the Automotive Industry in 2020

Trend 1— Partnerships Drive Autonomous Shuttle and Robotaxi Pilots

Trend 2—Rise in Vehicle Subscription Services by OEMs

Trend 3—Rise of Super Apps: Grab Use Case

Trend 4—Concerted Push towards Electric Shared Mobility

Trend 5—In-Vehicle Payment (IVP) Makes Its Way Into Cars

Trend 6—Growth in Uberisation of Aftermarket Vehicle Services

Trend 7—Digital Business Models Will Impact Aftermarket Retail

Trend 8—Dedicated Architecture Strategy for Autonomous Platforms

Trend 9—Emergence of Tele-operation in Autonomous Driving

Trend 10—The Digitalisation Revolution: VW Use Case

Trend 11—Embedded Telematics Becomes a Data Monetisation Tool

Trend 12—Sensor Data Fusion Catalysing L3 Adoption

Trend 13—2020 will Bring Clarity to Britain’s Automotive Industry

Trend 14—Online Vehicle Sales To Surge

Trend 15—Cloud Kitchens will Drive Online Food Delivery

ASEAN—Key Highlights of 2019

Country Analysis—Indonesia

Country Analysis—Thailand

Country Analysis—Malaysia

Predictions for 2020

LATAM—Key Highlights of 2019

LATAM LV Market by Country—Regional Snapshot

Key LATAM Transformative Factors for 2020

LATAM LV Market—Snapshot of the Decade

LATAM LV Market by Country—Compared

Unit Vehicle Sales Forecast by Powertrain Mix by Country

Rising Penetration of Chinese OEMs in LATAM

Impact of New Regulations on Automotive Features

Connectivity Features & Services

Factors Impacting the LATAM Electromobility Market

LATAM Electromobility Market Trends Analysed

Predictions for 2020

Key Findings—2019 Highlights

Sizing the Potential Uptake of New Mobility Services

Impact of COVID-19 on Key Shared Mobility Markets

Evolution from Single Shared Mobility Apps to Mega Apps

MaaS, the backbone of Urban Mobility

Autonomous Mobility inching towards Commercialisation

Cloud Kitchens will Drive Online Food Delivery

Key Findings—2020 Outlook

Highlights of 2019

Global Powertrain Mix—Sales Snapshot

Mild Hybrid Vehicles—MHEV 48V Sales Surge in 2019

Diesel Engines—Impact Factors and Outlook

EU—Change in New Passenger Car Registrations (2019)

China—Sales Forecast by Powertrain

Predictions for 2020

Predictions for 2020 (continued)

Highlights of 2019

Highlights of 2019 (continued)

Historic EV Sales

Global EV Market—2019

Global EV Sales—By Month

Top 10 OEMs

Top 10 Models—BEVs and PHEVs

Impact of COVID-19 on Global EV Sales in 2020

Impact of COVID-19 on Regional EV Sales

Predictions for 2020

Highlights of Autonomous Driving 2019

Future Autonomous Vehicle Platforms

Cloud Storage and Computation

Convergence towards CASE

Predictions of Autonomous Driving 2020

2019 Highlights—Predictions versus Actuals

Digital Assistants—Overview

Segmentation of Automotive Marketplace of the Future

IOTisation of the Connected Car

Automotive IoT Platform Capabilities

Data Monetisation—Key Use Cases

Top Predictions for 2020

2019 in Numbers—Key Highlights

2019 in Trends—Key Highlights

New Points of Sale Emerging

ADAS Vehicles Enabling New Demand/Capabilities

Emerging eMobility Opportunities

2020 in Numbers—Key Predictions

2020 in Trends—Key Predictions

Growth Opportunities

Strategic Imperatives for Success and Growth

Conclusions and Outlook

Legal Disclaimer

Market Engineering Methodology

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
The novel coronavirus driven pandemic has adversely affected a wide array of industries. The automotive industry is not immune to the disruptions caused by the virus either. The months of March and April have seen lockdowns of cities across the globe, and the sales of automobiles have plummeted as a result. Light vehicle (LV) sales in China, the United States, the United Kingdom, Spain, Germany, France, and Italy have been hit hardest by the COVID-19 outbreak in the first quarter of 2020. A mild recovery is likely in the second half of the year as the pandemic tides over. Overall, a decline in sales of more than 14% is anticipated in 2020. Automotive companies are expected to focus more on preserving their capital in the short term, developing a more robust online retailing strategy, and incorporating a wide range of Health Wellness and Wellbeing (HWW) features in their vehicles. Key Trends Autonomous Shared Transportation - Automotive manufacturers, mobility service providers, and autonomous technology companies are working on multiple collaborations with the aim to succeed in autonomous shared transportation. Vehicle Subscription Services by OEMs will rise - OEMs are offering vehicle subscriptions which provide greater flexibility to customers and reduce ownership liability. Rise of Super Apps - Grab, Uber, and Didi are gradually shifting from being just ride hailing firms to being true on-route mobility services providers. In-Vehicle Payment (IVP) Make Their Way into Cars - Having made eCommerce retail payments frictionless, eWallets and card-on-file payments will make their way into in-vehicle eCommerce. Dedicated Architecture Strategy for Autonomous Platforms - In 2020, OEMs will shift their platform strategy to a four-layered platform approach as the industry progresses towards CASE mobility. Embedded Telematics Becomes a Data Monetisation Tool - By 2020, about 70% to 75% of major automakers in the EU will have embedded telematics platforms and market participants in North America will advance their services for ensuring greater customer retention. Cloud Kitchens will Drive Online Food Delivery - Third-party and online food delivery companies are looking at cloud kitchens as a sustainable and saleable alternative business model to drive growth.--BEGIN PROMO--

Key Issues Addressed

  • What were the disruptive trends which influenced the automotive industry in 2019?
  • What are the key technology trends which will have an impact on the industry in 2020?
  • What will be the impact of COVID-19 pandemic on automotive sales globally and automaker strategies in the short and medium terms?
  • What are the latest trends in the EV space?
  • How will the COVID-19 pandemic affect the shared mobility market?

Author: Joe Praveen Vijayakumar 

More Information
No Index No
Podcast No
Author Joe Praveen Vijayakumar
Industries Automotive
WIP Number K4BC-01-00-00-00
Is Prebook No
GPS Codes 9673-A6,9800-A6,9807-A6,9813-A6,9801-A6,9A70-A6,9882-A6,9965-A6,9A57-A6,9AF6-A6,9B07-C1