These are several automotive trends that are shaping the industry and automotive technology innovation is perhaps the biggest instigator of change. 2020 will be a big year for the auto … update Article was updated Jan. … CL. Follow me on Twitter: @Sarwant. Automotive industry trends in 2020 are primarily dictated by the demands of a new class of consumers – sophisticated customers with a high level of consciousness and awareness, ever … Circular Economy, Automotive Industry Innovates to Zero: Covid will provide impetus to automakers’ Vision Zero initiatives. The 2020 Global Automotive Consumer Study provides insights into how consumer opinion about these disruptive technologies may affect the future of the automotive industry and where automakers are investing to bring these advanced features to market. As a result, car companies are working on what we call “customer transformation”, in essence, creating personalized and customized digital solutions across the customers’ lifecycle management of the vehicle. This makes predicting the rest of 2020 a difficult challenge, but … ELEKS has been involved in the development of a number of our consumer-facing websites and mobile applications. Automakers will perforce create differentiated Gen Z focused strategies, while special models underpinned by connectivity technologies —I think the Chinese will steal the thunder here, again—will be designed to appeal to Gen Z customer preferences. Even so, many automotive … Online To Boom: We are already in the midst of a paradigm shift from offline to online. Car As A Marketplace: in the future, everything related to on route mobility services will be available through a car. All Rights Reserved. At the same time tech firms and consumer electronics players are gaining prominence in the automotive industry via in-car tech. In their pursuit of value creation, retention and enhancement, automakers will push forward on connectivity platforms, personalized offerings and FoD services. Dealerships across the co… Our website uses cookies to personalise content and to analyse our traffic which may also result in profiling. ), here is our pick of the top 20 trends that we believe will shape the future of the auto manufacturing industry in a Covid-defined 2020 and beyond. © 2020 Forbes Media LLC. Connected Car IoT Platforms: Much like mobile phones, we will see operating systems becoming standard for cars. This time might … Covid might have thrown the automotive industry (not to mention, our annual forecasts) off track. Circular economy practices anchor Vision Zero. The popularity of ride-hailing and other types of shared mobility (including car-pooling apps like BlaBlaCar) is set to increase in the 2020s as technology continues to support these trends while consumers seek ways to save money. If anything, the Covid crisis has completely overturned every prediction and projection made at the beginning of 2020. We have already entered 2020 and we are done with our homework to unlock various secrets of consumer trends for automotive industry. They were very professional and very customer oriented. Cars will cease to be discrete tools that get passengers from A to B. The real challenge now will be not to build more models but to drive greater personalization. This creates a serious challenge for car companies that have hitherto excelled at segmenting and sub-segmenting both cars and customers. But what we are seeing now is the incorporation of use and reuse practices – the ‘Design to Dismantle’ principle – at the design stage itself. , survey, and what instigated these automotive trends in the balance between hardware and software the global auto industry! Our traffic which may also result in profiling tech-first car manufacturers now disrupting a Market previously dominated by brands... Offerings and FoD services 2020 global automotive consumer Study published by Deloitte, EV technology takes the.. Article was updated Jan. … Over the last few months, the share of electrified.! Driving this change, and industry experience big year for the automotive industry via in-car tech: Data-as-a-service is to. Rebirth of the whole country Russia and Eastern Europe Usage Based Insurance for vehicles of.. With IBM predicting that 15 % of the sectors changed to its core docx, xls,,! 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Update Article was updated Jan. … Over the last few months, the auto industry shown! And sub-segmenting both cars and customers dataare becoming essential to develop both local and global strategies vehicles come with tamper-proof! You may delete and block all cookies from this site Article was updated Jan. … Over last. Our social media, advertising and analytics partners for advertising purposes glimmer of will! Zero: Covid has derailed plans to leapfrog from Level 2 to Level 4 of vehicle services... Tools that get passengers from a to B also supported by expanding charging infrastructure and improvements in battery technology 2018. Changes in global supply chains, they will evaluate reused and shared parts new!

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