The Automotive Industry – A Vibrant Super-Industry
The automotive industry is one of the most vibrant examples of a super-industry. With a market of approximately $3 trillion and growing, the US industry is poised for further growth. However, the industry is undergoing a major transformation. This will involve the use of autonomous vehicles, electrification, and connectivity. You can visit the site viewster for more information.
For many, the industry’s future is uncertain. But leaders should act now to ensure their business survives. By reimagining core operations and building a resilient supply chain, they may gain a competitive advantage. You can visit the site hub4u for more information.
In the first half of the 20th century, the United States dominated the auto industry. It was also a pioneer in mass production techniques. Today, China and India are the two largest automobile producers. You can visit the site cinewap for more information.
During the 1980s, the industry began to become more globalized. Countries such as Japan, Korea, and Germany began to compete with the United States. Meanwhile, European automotive firms became self-sufficient. You can visit the site rdxnet for more information.
In the 1990s, SUVs and trucks began to gain popularity. These cars became more efficient and environmentally friendly. Furthermore, technology has improved passenger safety and convenience.
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As a result, a number of major disruptions have occurred. These include ride-sharing services, automated factories, and electric mobility. All have had a dramatic effect on the industry, and their costs will be significant.
The COVID-19 crisis has been especially damaging to the industry. Massive layoffs have been resulting from the shutdowns. Additionally, many auto-retail stores have been closed for a month or more.
Despite the challenges, the automotive industry is poised for further growth. A 12% increase in the US automotive market is projected for this year.