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Automotive OEMs that successfully integrate carbon net-zero strategies across their value chains will not only achieve regulatory compliance but also secure strategic leadership in a decarbonized global economy. By Thanigesh Arumugam Parthasarathi, Team Leader Mobility Carbon neutrality has become a key priority for global automotive OEMs.
Thailand is a key automotive player in Southeast Asia Thailand is one of Southeast Asia’s key automotive manufacturing hubs, producing 1.8 The Thai government has recently set out an ambitious target through its 30@30 policy, aiming for 30% of all vehicles produced to be electric by 2030.
China’s Dominance in Automotive Sales and EV Growth China leads the light vehicle market: 31.8% As a powerhouse in the global automotive industry, China is transforming vehicle innovation, electrification, and connectivity. The country’s automotive sales nearly double that of the United States, marking an impressive 11.2%
From healthcare advancements to energy storage breakthroughs and fully autonomous manufacturing, technologies at lower Technology Readiness Levels (TRLs) today have the potential to disrupt industries by 2030. Is your organization prepared to adopt dark factory solutions to achieve next-level operational efficiency and scalability?
Automotive data has the potential to reshape business models, open new revenue streams, and improve customer experiences like never before. Read on to learn how automotive data solutions are transforming the connected car landscape and why acting now can set the foundation for long-term, scalable success. billion in 2024 to 2.98
The Australian automotive aftermarket, now in a mature phase, is on a trajectory for significant growth through 2030. The increase in total vehicles in operation (VIOs), coupled with the increasing proportion of aging vehicles, is set to generate robust demand for automotive parts and services. from 2023 to 2030.
Each session offered invaluable insights into Indias manufacturing vision for 2030, strengthening its path to becoming a global leader. on India’s Manufacturing Vision 2030: Leveraging Technology and Talent for Global Leadership.
The Bharat Mobility Global Expo 2025, held from January 17 to January 22, 2025, in New Delhi , marked a pivotal moment for Indias automotive industry, reinforcing the countrys commitment to electrification, sustainable mobility, and smart vehicle technologies.
The European automotive market is rapidly electrifying, and the need for batteries to equip vehicles is increasing. According to the European Commission, demand will increase 12-fold between 2018 and 2030.
Polymers featured in automotive innovations A few polymer-related innovations are among the finalists for the 28th annual Automotive News PACE Awards. Winners of the PACE awards, which honor innovations by automotive suppliers that have been commercialized, will be announced Sept. The first customer is Ford Motor Co.
As the automotive sector welcomes new technologies, analysts predict soon-to-come changes “not seen since the Model T Ford rolled into the production line in the early 1900s,” according to market research firm McKinsey. Indeed, automotive innovation is kicking into high gear. Here are five interesting trends worth highlighting.
SMMT partners with Mission Automotive to launch veterans career guide and boost recruitment of ex-Armed Forces personnel. Veterans offer years of relevant expertise and transferable skills, making them mission-ready for a long-term, well-paid automotive career.
Prediction predicated on investment that keeps pace with Joe Biden’s $369bn green subsidy spree in US Europe could end its reliance on China for electric car batteries by 2030 but only if it keeps pace with Joe Biden’s $369bn (£298bn) green subsidy spree, experts predict.
Sector calls for government to fast track industrial and trade strategies for automotive manufacturing. million by 2030. million by 2030. SMMT calculations based on publicly announced investment commitments, public and private, in UK automotive production and R&D in 2024. 4 Notes to editors 1.
The automotive industry has the largest number of robots working in factories around the world, says the International Federation of Robotics (IFR). The automotive industry effectively invented automated manufacturing,” says Marina Bill, president of IFR, in a press statement.
Despite its more cautious forecast, the outlook for 2030 is still for double-digit growth, and Interact Analysis has created optimistic, base, and pessimistic scenarios. In Interact Analysis’ most bullish prediction scenario, mobile robot shipments could reach nearly two million by 2030.
If not, output would remain below one million units until 2030, and in a worst-case scenario drop to fewer than 750,000 should plants close and others have reduced model lineups, which would have a devastating effect on the sector, jobs and economic growth. 1 With weak new car markets in the UK and EU, the latter up just 0.7%
million by 2030. 5 Mike Hawes, SMMT Chief Executive, said, As UK Automotive undergoes its most radical transformation in more than a century, short term production declines were always anticipated, and they represent a temporary adjustment in exchange for long term growth. million by 2030. in the first half of 2024.
The adhesives industry serves as the backbone of key manufacturing processes, spanning automotive , packaging , electronics , aerospace , construction , and healthcare sectors, among others. Pressure-sensitive adhesives (PSAs) create bonds without heat, water, or solvents, catering to industries like healthcare, automotive, and packaging.
The Central and Eastern European (CEE) region is emerging as a top investment hub due to its geographic, cost-effective labour, and manufacturing strengths in sectors like automotive, aerospace, and food. annually through 2030, the region is set for economic revival. With projected gross domestic product (GDP) growth of 2.6%
The company’s portfolio includes LBR iiwa cobot introduced in 2013, and it is expanding into new markets and regions beyond its traditional stronghold in the automotive industry. billion by 2030, growing at a compound annual growth rate (CAGR) of 36.2%. KUKA’s sales have exceeded €4 billion ($4.2 billion U.S.)
By Gautham Hegde, Senior Research Analyst – Mobility As technological advancements reshape the automotive landscape, consumer preferences for greater connectivity, convenience, personalization, and flexibility are driving significant growth in Feature on Demand (FoD) services. By 2030, the global FoD market is expected to generate over $5.2
Industry outlook highlights strategic importance of Automotive to Britain’s economic recovery, with growth worth £14 billion targeted in 2023. The UK automotive industry has today urged government to take rapid action to secure the long-term future of one of the country’s most important assets, while accelerating its decarbonisation.
New analysis shows UK automotive sector can fuel £50 billion of green growth over next decade – with the right conditions in place. 1 The analysis forms the basis for Vision 2035: Ready to Grow , published today at the 16th SMMT International Automotive Summit. million new zero emission cars on the road during that time.
One such beneficiary is automotive audio technology – basic audio, surround sound, and 3D audio – which, in North America alone, is set to grow from a $3.33 billion in 2030. Growth in the automotive audio market is being propelled by connectivity trends that are supporting continuously improving in-vehicle audio entertainment.
UK Automotive calls for cross-party adoption of five pledges as part of an industrial strategy to drive industrial transformation, mobility for all, upskilling, global trade, and clean, affordable energy. Commitment would deliver green automotive manufacturing growth and consumer choice in a thriving, accessible EV market.
China’s electric vehicle (EV) industry is redefining the global automotive landscape, with Chinese car brands now dominating the international stage. By 2030, projections suggest that over 25 million Chinese electric cars will be sold annually, marking a monumental growth trajectory.
As the automotive industry evolves, so is the need for advanced diagnostic solutions that keep pace with increasingly complex vehicles. Diagnostics-as-a-Service (DaaS) has emerged as a groundbreaking business model offering significant benefits for automotive workshops, dealerships, and collision centers worldwide. billion by 2030.
ELM Mobility joint venture by Prodrive and Astheimer Design aims for 10,000 one-person quadricycles by 2030 Two British automotive companies have teamed up to build thousands of electric delivery vehicles in the UK – the latest in a line of businesses attempting the risky push into vehicle manufacturing after several prominent failures.
The news follows the launch this week of SMMT’s “ Manifesto 2030: Automotive growth for a zero-emission future ” which sought cross-party support for five pledges to drive industrial transformation, mobility for all, upskilling, global trade and clean, affordable energy.
A major transition in the UK’s automotive factories is underway with manufacturers retooling to build the very latest and greenest models. As SMMT’s Manifesto 2030 sets out, whoever forms the next government can build on the billions already invested by industry with five key pledges. Further details can be found here.
The company aims to have a full EV lineup of 21 models by 2030 and is set to develop new, affordable NCM batteries and safety technologies. million units by 2030 and achieving 2 million EV sales by the same year. Hyundai further aims for a consolidated operating profit margin of over 10 per cent by 2030.
With countries around the world accelerating their efforts to attract international investment in advanced manufacturing, Britain’s automotive sector has called on all political parties to back the UK by committing to five key pledges as part of a dedicated industrial strategy.
New global research commissioned by ABB Robotics and Automotive Manufacturing Solutions, revealed that 59 per cent of respondents believe the shift to pure EV production is not achievable within current legislative timelines. However, at the eleventh hour, Germany and Italy launched an attempt to undermine the EU’s decision.
News comes as latest SMMT Automotive Trade Report shows UK global auto trade on track to reclaim £100 billion trading hub status. Auto sector calls on EU and UK to delay introduction of new rules of origin requirements to 2027 or put competitiveness, the EV transition and net zero ambitions at risk. billion at the end of 2020 to £15.3
Overall sales across 10 Caribbean and Central American automotive markets set to surpass 300,000 units by 2030, with battery electric vehicles (BEVs) doubling their share from current levels. At the same time, the shift toward digital retailing and online dealerships is transforming how consumers interact with automotive brands.
By Benson Augustine, Program Manager – Mobility The global automotive aftermarket is witnessing a paradigm shift as circular economy initiatives gain momentum. Revenues of the global remanufactured automotive components market are projected to rise from $27 billion in 2022 to $42 billion by 2030.
Conventional engine, transmission, and affiliated components will represent immediate high-growth opportunities in the automotive aftermarket, while the transition to vehicle electrification will drive investments in electric vehicle (EV) related remanufacturing.
Ahead of general election, SMMT’s Manifesto 2030 sets out steps for next government to secure future success for UK Automotive on road to zero emissions. Ahead of the general election, SMMT is calling for the next government to adopt five key pledges set out in its Manifesto 2030 as part of a dedicated industrial strategy.1
By Benson Augustine, Senior Industry Analyst, Aftermarket & Digital Retail – Mobility Rematec, a leading trade show for stakeholders in the automotive remanufacturing ecosystem, was held in Amsterdam in June this year, after a four-year hiatus. North America and Europe currently dominate the global reman aftermarket.
Market Landscape in 2023 For a variety of reasons ranging from supply chain disruptions to macroeconomic headwinds, passenger vehicle and pickup vehicle sales across the five main automotive markets of Indonesia, Malaysia, the Philippines, Thailand, and Vietnam dipped from 3.2 million in 2022 to 3.1 million units in 2023.
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