Automotive industry is the industry of automobiles. It is the industry that designs, develops, manufactures, markets, and sells motor vehicles, and is one of the earth’s most important and largest economic sectors by revenue.
The evolution of the automotive industry has been influenced by various innovations in fuels, vehicle components, societal infrastructure, and manufacturing practices, as well as changes in markets, suppliers and business structures.
The global automotive industry has been growing constantly. The sector has mushroomed over the years into a mature and well established industry. Innovation and manufacturing of vehicles has helped the industry to grow into a profitable one. Innovation never stops!
Automobile companies have contributed significantly to the development of the world’s economy by creating jobs paying lots of taxes and earning loads of foreign exchange. Technologies such as connected transport, smart driver experience, improved battery management systems and better fuel efficiency are reforming the automotive industry. Automotive manufacturers are required to work in uncertain conditions with increasing complexity as a result of wide range of products available to the customer, changing technologies, increasing pressure to innovate, environmental concerns and globalization.
BWC offers a power pact in-depth analysis of the industry, along with the report on latest market data, industry insights, trends, drivers, market sizes, revenue forecasts, competitive landscape, eminent players and other information that will help your business to top the chart.