The automobile industry is a technology driven industry. When technology is involved, issues hover around it. The emerging economies along with the wide spreading urbanization affects sales across the globe, the degree of competition in the industry and it helps a great deal in shaping up its digitization.
No matter how basic or how luxury your automobile is, various auto insurance plans are available in the market and the automobile owners must choose a good insurance plan that provides an extra layer of security to their vehicles. In future, the regulations would continue to trigger innovation in the automobile industry. The self-driving technology is one of the greatest disturbances in the past hundred years of the automobile industry. It will shape up differently in various regions and markets across the globe. Global markets’ regulatory, customer, and competitive eco-system will interrelate the uncertainties that revolve around these forces would create some thought-provoking questions for the key industry players that are mentioned below. Emerging Markets- What is the strategy for dealing with China as its annual sales will enhance to 30 million automobiles by the year 2020. What will be the aftermarket impact? How will they respond in case the challenges in China turns out to be too much? Which are the other emerging domains that we need to shift our focus on? Demand Constraints- To which extent the future growth policies will incorporate the changing attitudes of the younger target audience as far as the automobile ownership, the effect of urbanization, the efforts to combat the congestion on the road and the other regulatory shifts constraining the demand are concerned? Ownership Models- In what way the development in car sharing would change the buying of their automobile? How would they use it, and when will the people and the companies purchase them? Distinctions and Competencies- What is the plan for getting the digital inputs that they need? How could they make sure that the blood and the soul of their vehicles be reflected in their brand in case their outputs become more autonomous and digital? Connectivity- What would be the value of their contribution? How can they capture an environment that is rapidly increasing in the terms of networked mobility? Which type of the applications can they deliver in order to meet the ever-growing demand for the integrated transportation, seamless communication, and active safety? Mandated Standards- What are the tech portfolios that will address growing emissions along with the fuel-economy across the world in the best possible way? What are the measures that they need to take in order to keep the various type of customers belonging to various segments and geographical locations happy? Public Engagement- With the expanding scope of the regulation and the debates revolving around pollution, congestion, safety intensity and carbon emissions how can they contribute to the dialogue? How could the makes sure that a fair hearing of the economic and social benefits of the mobility and an equal distribution of the regulations are followed?
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