Outlook of industry: [Essay Example], 350 words GradesFixer

Haven't found the right essay?

Get an expert to write your essay!


Professional writers and researchers


Sources and citation are provided


3 hour delivery

This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

Outlook of industry

  • Category: Business
  • Subcategory: Industry
  • Page: 1
  • Words: 350
  • Published: 17 September 2018
  • Downloads: 27
Download Print

Pssst… we can write an original essay just for you.

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

Get your price

121 writers online

Download PDF

Autotmotive industry is a sector of fast development. Technology-driven trends will revolutionize how industry players respond to changing consumer behavior, develop partnerships, and drive transformational change. The forces that are giving rise to four disruptive technology-driven trends in the automotive sector are diverse mobility, autonomous driving, electrification, and connectivity.

The automotive revenue pool will significantly increase and diversify toward on-demand mobility service and data-driven services. This could create up to $1.5 trillion or 30 percent more in additional revenue potential in 2030, compared with about $5.2 trillion from traditional car sales and aftermarket products/services, up by 50 percents from about $3.5 trillion in 2015. Diverse mobility Changing consumer preferences, tightening regulation, and technological breakthroughs add up to fundamental shift in individual mobility behaviour. McKinsey forecasts that in 2030, 1 out of 10 cars sold could be a shared vehicle. There is a sign of declining ownership and this trend is expected to continue and even accelerate in the coming years.

Mobility providers such as Uber and others will enable consumers to simply rent a (shared) car as an on-demand service, specifically for their intended purpose and for a set travel itinerary or period of time. Ownership is expected to be less important, and car customizability will be achieved by modularization and via flexibly configurable software with personal profiles. As a result, the traditional business model of car sales will be complemented by a range of diverse, on-demand mobility solutions. Hence, more automotive OEMs today are rethinking their positioning which is to present themselves as providers of mobility, not merely manufacturers of vehicles. But as automotive expands into mobility, new players are surfacing as competitors: for instance, Apple, one of the mobility leaders, enters the category.

In this context, Automotive OEMs must find ways to add unique value to consumers’ mobility day in and day out. This could be done by becoming a purveyor of mobility at large, from selling cars for purchase to facilitating ride-sharing, or even partnering with public transportation in cities where the resources are underutilized or have no proper transportation facilities at all.

Remember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

100% plagiarism free

Sources and citations are provided

Cite this Essay

To export a reference to this article please select a referencing style below:

GradesFixer. (2018). Outlook of industry. Retrived from https://gradesfixer.com/free-essay-examples/outlook-of-industry/
GradesFixer. "Outlook of industry." GradesFixer, 17 Sep. 2018, https://gradesfixer.com/free-essay-examples/outlook-of-industry/
GradesFixer, 2018. Outlook of industry. [online] Available at: <https://gradesfixer.com/free-essay-examples/outlook-of-industry/> [Accessed 13 August 2020].
GradesFixer. Outlook of industry [Internet]. GradesFixer; 2018 [cited 2018 September 17]. Available from: https://gradesfixer.com/free-essay-examples/outlook-of-industry/
copy to clipboard

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.


    Attention! this essay is not unique. You can get 100% plagiarism FREE essay in 30sec

    Recieve 100% plagiarism-Free paper just for 4.99$ on email
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample

    Sorry, we cannot unicalize this essay. You can order Unique paper and our professionals Rewrite it for you



    Your essay sample has been sent.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer

    GradesFixer.com uses cookies. By continuing we’ll assume you board with our cookie policy.