USD
GBP
CNY
EUR
INR
JPY
MYR
ZAR
KRW
THB
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
03-Aug-2021
Global
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
Popular Topics
| 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 |
