Global Automotive Outlook, 2021

Global Automotive Outlook, 2021

Global Light Vehicle Sales are Expected to Rebound in 2021 and Witness a Healthy 8% Growth, Setting the Stage for the Industry to Overtake 2019 Levels by 2023

RELEASE DATE
03-Aug-2021
REGION
Global
Research Code: MG08-01-00-00-00
SKU: AU02190-GL-MO_25646
$4,950.00
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Description

2020 was a defining year for the mobility industry in many ways. After a challenging 2018 and 2019, the pandemic threw the industry into a tailspin that saw global automotive sales falling to record lows in the first half of 2020. Several business models stuttered, and revenues hit a downward spiral. However, stakeholders have shown greater resilience, anchoring their comeback in innovative models, novel technologies, and sustainable practices. This research service is a deep dive into regional sales figures, the key highlights of 2020, and the top trends that will drive the industry in 2021.

In 2021, android automotive OS, electric two-wheelers, and ‘skateboard’ platforms will gain prominence. Investments in charging infrastructure, technology/platform development, and new business models will add momentum to an already buzzing electric two-wheeler market. Management of waste generated by the scrapping of older vehicles and, over time, of EV batteries, and the concerns regarding rising emissions, will underpin the rise of the circular economy that focuses on carbon neutrality and zero waste. The importance of fuel cell electric vehicles (FCEVs) will increase, as they are positioned as being cleaner than their conventional fuel-powered counterparts. They also compare favorably with battery EVs (BEVs), in terms of faster refueling times, long-range usage, and the absence of battery disposal concerns. About 25 FCEV models are set to be launched over the next five years. Similar to other industries, on-demand services will be in the limelight. Fuel services that deliver fuel to parked cars; auto care services, where oil or tire changes and worn/torn parts maintenance services are delivered to the vehicle's location, and cleaning and washing services offered to cars parked in public areas will be the top on-demand services.

Digital retail was the big story of 2020; new players and digital solutions shook an established ecosystem by transforming the way cars were bought and sold. As partial restrictions came into force and customers continued to limit dealership visits, digital retail continued to thrive in 2021. Dealers and OEMs will continue investing in third-party digital tool developers, as they ramp up their digital tools.

As for the shared mobility market, shared mobility operators will realign themselves to tap into the significant revenue opportunities offered by last-mile delivery and other application segments. As customer and business demands evolve, innovative solutions for last-mile delivery will focus on autonomous technologies.

Author: Joe Praveen Vijayakumar

Table of Contents

Key Highlights of the Global Automotive Industry

Pandemic-related Challenges Faced by the Global Automotive Industry

The 2020 Global Automotive Market—Actuals Vs Forecast

Global LV Sales by Region in 2020 and 2021—Snapshot

Impact of COVID-19 on Key Regions/Recovery

Top Predictions for 2021

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Automotive Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Scope

Vehicle Segmentation

Market Segmentation

COVID-19 Impact on World GDP Growth

Global Growth Scenario Analysis—Assumptions

World GDP Growth Under Differing Scenarios

COVID-19 Impact on Key Regions

Global LV Sales by Region in 2020 and 2021—Snapshot

Winners of 2020

Global LV Sales of Top 20 OEM Groups

Global LV Sales of Top 30 Automotive Markets

LV Sales of Key Chinese OEM Groups Globally

Top 5 Markets by Sales Volume in 2020

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 and Super Premium Vehicle OEMs, 2019 and 2020

Key Regional Markets—Europe (G5 Vs E5)

Key Regional Markets—Emerging Economies

Frost & Sullivan Estimates that the Global LV Sales will Overtake 2019 Levels by 2023

Key 2021 Automotive Market Trends

Key 2021 Automotive Market Trends (continued)

The Rise of Fuel-cell Electric Vehicles

The Rapid Growth of the Electric Two-wheeler Market

The Impact of Android Automotive OS

Opportunities for Shared Mobility Operators in Last-mile Delivery

Developments in Digital Retail

The Rise of the Agency Retail Model

Skateboard Platform Strategies for EVs

The Growth of Special-purpose Acquisitions Companies

The Demand for Bike Sharing and Scooter Sharing

The Rise of the Automotive Circular Economy

The Rise of the L2+ Autonomous Vehicle Technology

The Rise of Vehicle Subscription Services

The Rise in On-demand Aftermarket Services

Data, the 21st Century Oil—The Shift from Horsepower to Computing Power

Maas, Focus on Technology Development and Digitization of Payments

ASEAN*—Key Highlights of 2020

Country Analysis—Thailand

Country Analysis—Indonesia

Country Analysis—Malaysia

Predictions for 2021

2020 Key Highlights

LATAM PV Market—Snapshot of the Decade

LATAM PV Market by Country—Regional Snapshot (COVID-19 Impact)

LATAM PV Market—Quarterly Snapshot (Impact of COVID-19)

LATAM PV Market by Country—Comparative Analysis

LATAM PV Market by Segment—Snapshot

Regional Trade Treaties on the Agenda

Rising Penetration of Chinese OEMs in LATAM

Impact of New Regulations in Automotive Features

Safety and ADAS Features on the Rise

Top Predictions for 2021

Highlights of 2020

Shared Mobility Market Overall Gross Market Value

Diversification of Services—The Primary Reason for Market Acquisition

Mega Apps—The Everything App for Everyday Life

Big Data and AI to Bring Dramatic Efficiencies in Deployment of Mobility

RoboTaxi’s Move Toward Commercialization

The Impact of Remote Working—The New Normal for Mobility Services

Predictions for 2021

Highlights of 2020

Global Powertrain Mix—Snapshot of Select Countries

Western Europe—IC Engine Trend in Passenger Cars

Growth of SUVs/Trucks/Large Vehicles in the US

Powertrain Sales Forecast

Regional Strategy for Testing Procedures

Predictions for 2021

Key Highlights of 2020

Global EV Market, 2020

EV Growth and Penetration—Top 10 countries

EV Sales Mix by Segment

Global EV Market, 2021e

Potential Key OEM Launches

Global EVs—2020 Split by Chemistries and Top 5 OEMs’ Battery Utilization

Predictions for 2021

Highlights of 2020

5G Crucial for Data-rich Services and V2X Applications

V2X to Emerge from 2021 Onward

Cloud Challenges and Expectations of Automakers

Data Management Strategies Adopted in the Market

EDGE Accelerates Autonomy

Predictions for 2021

Highlights of 2020

Platform Components

Partnership Strategies Across Platforms

Autonomous Vehicle Development and Partnerships

Business Models of DMS Developers

Predictions for 2021

Highlights of 2020—Numbers

Highlights of 2020—Trends

Aftermarket Opportunities in eRetailing

Aftermarket Opportunities in EV Sales

Aftermarket Opportunities in ADAS

Aftermarket Opportunities in Parts and Services Retail

Global Vehicle and Brand Trends—Select Regions

Key Predictions for 2021—Numbers

Key Predictions for 2021—Trends

2021 Predictions—US

2021 Predictions—Europe (Excluding the UK)

2021 Predictions—The UK

2021 Predictions—Japan

2021 Predictions—China

Growth Opportunity 1: Business Model Diversification and Geographic Expansions for Medium-term Growth of Mobility Models

Growth Opportunity 1: Business Model Diversification and Geographic Expansions for Medium-term Growth of Mobility Models (continued)

Growth Opportunity 2: L2 And L3 Piloted Driving for Various Segments

Growth Opportunity 2: L2 And L3 Piloted Driving for Various Segments (continued)

Growth Opportunity 3: Telematics for Software-oriented Services, 2021

Growth Opportunity 3: Telematics for Software-oriented Services, 2021 (continued)

Key Conclusions—Global Automotive Outlook, 2021

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Abbreviations and Acronyms Used

Related Research
2020 was a defining year for the mobility industry in many ways. After a challenging 2018 and 2019, the pandemic threw the industry into a tailspin that saw global automotive sales falling to record lows in the first half of 2020. Several business models stuttered, and revenues hit a downward spiral. However, stakeholders have shown greater resilience, anchoring their comeback in innovative models, novel technologies, and sustainable practices. This research service is a deep dive into regional sales figures, the key highlights of 2020, and the top trends that will drive the industry in 2021. In 2021, android automotive OS, electric two-wheelers, and ‘skateboard platforms will gain prominence. Investments in charging infrastructure, technology/platform development, and new business models will add momentum to an already buzzing electric two-wheeler market. Management of waste generated by the scrapping of older vehicles and, over time, of EV batteries, and the concerns regarding rising emissions, will underpin the rise of the circular economy that focuses on carbon neutrality and zero waste. The importance of fuel cell electric vehicles (FCEVs) will increase, as they are positioned as being cleaner than their conventional fuel-powered counterparts. They also compare favorably with battery EVs (BEVs), in terms of faster refueling times, long-range usage, and the absence of battery disposal concerns. About 25 FCEV models are set to be launched over the next five years. Similar to other industries, on-demand services will be in the limelight. Fuel services that deliver fuel to parked cars; auto care services, where oil or tire changes and worn/torn parts maintenance services are delivered to the vehicle's location, and cleaning and washing services offered to cars parked in public areas will be the top on-demand services. Digital retail was the big story of 2020; new players and digital solutions shook an established ecosystem by transforming the way cars were bought and sold. As partial restrictions came into force and customers continued to limit dealership visits, digital retail continued to thrive in 2021. Dealers and OEMs will continue investing in third-party digital tool developers, as they ramp up their digital tools. As for the shared mobility market, shared mobility operators will realign themselves to tap into the significant revenue opportunities offered by last-mile delivery and other application segments. As customer and business demands evolve, innovative solutions for last-mile delivery will focus on autonomous technologies. Author: Joe Praveen Vijayakumar
More Information
No Index No
Podcast No
Author Joe Praveen Vijayakumar
Industries Automotive
WIP Number MG08-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9AF6-A6