XPT Consultancy & Software Services Pvt Ltd.

Automotive


 GLOBAL AUTOMOTIVE INDUSTRY – OUTLOOK

For decades the Automotive industry is a leading driver of global economic growth, says the International Organization of Motor Vehicle Manufacturers, and it has expanded over 30% in the ten-year period ending 2005. The industry is a leading employer throughout the world, with 9 million people involved in making 60 million vehicles, or 5% of global manufacturing jobs. Indirect employment from automotive activity is fivefold, representing 50 million jobs connected indirectly to the auto industry.

Other industries involved in the manufacture and service  of vehicles include textiles, plastics, iron, steel, glass, aluminium, computer chips  and rubber.

The industry also involves significant research and development activity, representing investment of nearly $85 billion. It is estimated that the manufacture of vehicles contributes More than $430 billion to the governments of 26 countries Combined.

Despite the lingering effects of the recession, U.S. automobile sales are brisk - largely due to pent up demand. Rising average vehicle age and higher prices for used vehicles have fuelled this spike in sales. What’s more, as the economy improves and the housing markets stabilizes, auto sales will likely continue to rise.


A much healthier automotive industry has emerged from the bankruptcies and restructurings of a few years ago. Manufacturers (particularly the “Detroit 3”) and suppliers are now able to operate profitably while selling fewer vehicles.

Growth in North American light vehicle production is not just being driven by a cyclical recovery in domestic vehicle sales, but also by significant on-shoring of capacity by foreign OEMs and rising export opportunities.

By 2025, auto manufacturers will be required to produce vehicles that deliver 54.5 miles per gallon.

This will result in better-designed powertrains, alternative fuel vehicles and other innovations. 

EUROPEAN AUTOMOTIVE INDUSTRY – OUTLOOK & FUTURE

The auto sector is often credited as the engine room of Europe. The European Union is the homeland to a competitive and innovative automotive industry that generates activity throughout the economy – from materials and parts supply, to R&D and manufacturing, to sales and after-sales services.  Europe produces more than 17 million vehicles a year, representing a quarter of overall global production.

The European automotive market is lead by production in Germany, Italy and France.  Manufacturers have trained and developed a highly-skilled workforce, producing quality products for home and international markets. Vehicle manufacturing supports over 2.3 million European jobs with an additional 10.5 million citizens employed in associated industries. There are just less than 170 facilities in operation across 16 member nations, run by 17 vehicle manufacturers. Exports are valued at over €70 billion annually.


Analysts forecast the Global Electric Vehicle (EV) market to grow at a CAGR of 30.1 percent over the period 2010–2014. One of the key factors contributing to this market growth is the focus on green technology by governments around the world. Emergence of zero-emissions vehicles (ZEVs) is the latest trend in the Global EV market. However, the high price and low driving range of electric vehicles pose a challenge to the growth of thismarket.


Europe could create up to a million new jobs, improve its growth prospects and reduce its dependence on foreign oil by supporting green technologies for cars and vans, and building its own fleet of high efficiency, hybrid and electric vehicles by 2030. The EV technology which cuts fuel consumption would save the EU economy €58-83 billion a year in fuel savings and provide a win-win situation of mitigating climate change and creating a much needed economic stimulus.

Global Electric Vehicle Market includes battery-powered electric vehicles (BEVs), plug-in electric vehicles (PHEVs), and hybrid electric vehicles (HEVs), in the Americas, the EMEA region, and the APAC regions.

XPT ENGINEERING SERVICES OFFERINGS - AUTOMOTIVE

XPT's Automotive Engineering and Product Development practice offers complete Product Development cycle including Product research and  benchmarking, Concept Styling, Layout and Packaging, Vehicle Integration & Powertrain Engineering, System/Aggregate Engineering,  Virtual Validation (CAE/CFD), Prototyping, Physical Testing, Homologation Support, Costing & Sourcing, Manufacturing Engineering,  and Production Support. 

 

 

You are here: Home Engineering - Automotive