Leading 10 Automotive Business Trends To Watch In 2018 Consumer Trends Automotive Industry

Consumer trends automotive industryOn the upside, agencies such as the European New Car Assessment Plan are trying to offer assessment services and standardize safety technologies in vehicles. Their efforts accord greater importance to lifesaving technologies in cars compared to other attributes and will nurture the emerging HWW market place in the international automotive industry.

Though fully autonomous automobiles will take some much more time to make their way onto the roads, autonomous vehicles are certainly worth the watch in 2018. With positive aspects like decreased accidents, far better site visitors management, and increased passenger comfort, the autonomous automobile is most absolutely the crème de la crème where future automotive technologies is concerned. After Google and Uber, 2018 will witness a string of automotive giants launching their own variants of autonomous cars.

3D printing in the automation industry has come a extended way considering that Urbee was designed. Whilst main credit goes to Neighborhood Motors for breaking barriers and launching Strati , other significant names in the market have also created a variety of 3D car prototypes. Due to the safety benefits and cost-successful nature of 3D printed cars, 2018 will witness larger investments from huge-name companies in this sector.

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consumer trends automotive industryFord and Toyota have currently teamed up to launch open platform infotainment systems that will connect to well-liked mobile phone operating systems like Android and iOS. With these developments, 2018 will witness a higher quantity of cars with interconnected features that will allow app developers to adapt their offerings to cross platform users on mobile, tablet, and the web. Digitalization is finally discovering a relatable instance in the automotive market.

It really is true that millennials rule practically every market place segment, but when it comes to the automotive industry, baby boomers lead the way. As a majority of this generation move closer to retirement, getting able to travel on their own is a vital requirement. The Partnership Infrastructure is entirely distinctive as it constructs the foundation upon which visionary innovation becomes achievable. This includes our 360 degree study, comprehensive market coverage, profession best practices as properly as our worldwide footprint of more than 40 offices.

1 of the major challenges for the automotive business is dealing with counterfeit components. Blockchain capabilities have emerged as the best achievable solution to rectify this problem. By simplifying the methods to identify and take away the counterfeit parts, blockchain brings transparency into the system and improves the all round pricing approaches. In fact, industry experts believe that blockchain will ultimately enable fair pricing in the automobile marketplace.

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consumer trends automotive industryAt Mintel, We know the road ahead. Our international team of automotive market authorities tracks the industry day in, day out:the trends, the innovations, changes in customer preference and spending habits. That understanding and encounter fuels our inventive thought – we ask ‘why’, ‘what if’ and ‘where next’ to deliver actionable insights you can …