Automotive
At the end of calendar year 2007, global automotive demand reached an estimated 65 million units. Year 2008 was a bad year for the automotive market due to recession, the precarious employment situation and the lack of credit, which pushed the annual sales rate for US car sales to their lowest level.
BRIC nations (Brazil, Russia, India and China) will drive the future growth for the automotive market as sales will be bolstered by continued economic growth in these countries. In the automotive industry, there is ongoing shift in product mix. Indian and Brazilian consumers prefer small cars. By contrast, Chinese and Russians like high and wide SUVs. Another trend in automotive industry is in producing zero-emission vehicles, probably powered by batteries. Given the size of the market and its prospects for further expansion, the automotive industry represents a highly attractive opportunity for OEMs, material suppliers, engine suppliers and part suppliers.
Critical to success in the automotive industry is knowledge of market trends, product mix shifts, customer needs and effective market strategies. Our continuous networking with customers, suppliers and competitors creates complete visibility across the whole value chain of the automotive industry and thus helping our customers make confident business decisions. We offer a suite of consulting and market research services that empower our customers to increase market share and profitability. Some of the consulting services offered by Lucintel for the automotive industry are:
No matter what your product, Lucintel will help you find new markets for your products with greater profitability, better alignment with market opportunities, and the peace of mind that comes from un-biased third-party validation. We offer cutting-edge decision support services that help you make critical decisions with greater accuracy, speed and insight. Please contact us today to discuss your project opportunity.
At the end of calendar year 2007, global automotive demand reached an estimated 65 million units. Year 2008 was a bad year for the automotive market due to recession, the precarious employment situation and the lack of credit, which pushed the annual sales rate for US car sales to their lowest level.
BRIC nations (Brazil, Russia, India and China) will drive the future growth for the automotive market as sales will be bolstered by continued economic growth in these countries. In the automotive industry, there is ongoing shift in product mix. Indian and Brazilian consumers prefer small cars. By contrast, Chinese and Russians like high and wide SUVs. Another trend in automotive industry is in producing zero-emission vehicles, probably powered by batteries. Given the size of the market and its prospects for further expansion, the automotive industry represents a highly attractive opportunity for OEMs, material suppliers, engine suppliers and part suppliers.
Critical to success in the automotive industry is knowledge of market trends, product mix shifts, customer needs and effective market strategies. Our continuous networking with customers, suppliers and competitors creates complete visibility across the whole value chain of the automotive industry and thus helping our customers make confident business decisions. We offer a suite of consulting and market research services that empower our customers to increase market share and profitability. Some of the consulting services offered by Lucintel for the automotive industry are:
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No matter what your product, Lucintel will help you find new markets for your products with greater profitability, better alignment with market opportunities, and the peace of mind that comes from un-biased third-party validation. We offer cutting-edge decision support services that help you make critical decisions with greater accuracy, speed and insight. Please contact us today to discuss your project opportunity.