LONDON--(BUSINESS WIRE)--A well-known market intelligence company, Infiniti Research, has announced the completion of its latest article covering FAQs in the automotive industry. The blog covers key topics including:
- How the automotive is industry evolving
- Key challenges that can be expected in the future of automotive industry
“Disruptions in the automotive industry are fast-changing and the sector is now largely dominated by changing customer expectations, accelerated adoption of modern technologies, and shifts in competitive power. The advancements in the automotive industry have not only brought about convenience to customers, but also the sector now majorly fuels growth in both developing and developed economies by offering better job opportunities. However, amidst the rapid changes in the sector, players in the automotive industry will have to make tough decisions to stay ahead of the curve,” says a packaging industry expert at Infiniti Research.
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You may also like to read some of our recent articles on the automotive industry:
- Creating a Successful Customer Buying Journey in the Automotive Industry
- Automotive Industry Trends: Key Takeaways from The First Half Of 2019
- The Real Challenge Facing the Automotive Industry and the Way Forward
What are some of the key challenges that can be expected in the future of automotive industry?
Complexity cost pressure
Due to the increase in regulations in environmental and safety standards, not only will the costs increase but it will also result in rising complexity. This is especially true in the case of non-domestic markets. OEMs’ will have to identify ways to address this issue while extracting economic value.
Research shows that digital channels form the number one source for customers to source primary information before buying a car. This may soon result in online sales channels to purchase a vehicle, posing threat to the existing dealership model.
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Changing industry landscape
With the changing landscape in the automotive industry, OEMs must ensure that their suppliers’ production footprints, especially in emerging markets are in line with their future market demands, and their own production plans.
Read more about this and much more on Infiniti’s latest blog: On the Road to Success: What’s Driving Change in the Global Automotive Sector?
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us