PwC has revealed insightful research into the five trends shaping the Automotive industry leading up to 2030, as the future of work radically transforms the planet.
Through mathematical modeling of key performance indicators and demographic trends, the paper discusses:
- Mobility behaviour of users through social personas and how they could influence traffic demand;
- External factors that will influence mobility habits, vehicle mileage and frequency of usage;
- Predictions of car inventory, replacement cycles and new sales; and
- Implications for manufacturers, suppliers, service providers and their business models.
The five Automotive trends discovered in this study include:
- Electrified – the transition to emissions-free mobility will become a global requirement. Electricity used to charge vehicles will increasingly come from renewable sources to ensure carbon dioxide-neutral mobility.
- Autonomous – The development of vehicles which require no human intervention will reduce the use of public mobility platforms and offer individual mobility to new user groups.
- Shared – Professionally managed fleets of shared vehicles will reduce the cost of mobility by a significant amount through more efficient use of expensive mobile assets.
- Connected – This applies in two ways: communication between cars or with traffic management infrastructure or between vehicle occupants and the outside world. The car of the future will become a “third place” between home and workplace, combining features of both.
- ‘Yearly’ updated – The range of models will be updated annually to integrate the latest hardware and software developments, and react to changing requirements of shared fleet buyers.
The report said: “The comprehensive and rapid reorganisation of the automotive sector after 2025 will have far-reaching consequences for the entire industry and its value chains.
“Elementary structures and attitudes will have to change fast in order to cope with the developments by 2030 and beyond.”
Find out more about the research by clicking on the button below.