Global automotive industry forecast 2020Electric automobiles , autonomous vehicles, vehicle-to-vehicle connectivity-anybody who pays even a small bit of interest to the automotive sector has an inkling of what the future of driving will look like. As of 2015, EPDM accounted to majority of the market place share by raw material sort. Natural Rubber followed closely. However, increasing innovations in terms of durability and life of the EPDM based compounds is expected to propel the market place for EPDM in automotive applications to a higher extent over the coming five years. EPDM components have been proved to match for high-pressure circumstances, and boasted of effect resistance and stiffness. These technical positive aspects over other raw components will encourage automakers to prefer for EPDM primarily based molded elements more than synthetic or natural rubber.
Connected automobiles, communicating with every other and with the larger world, will not only reduce accidents and ease targeted traffic. They will have potent effects beyond the auto business. Insurers, for example, will have new ways to monitor driver behavior, reward good drivers and distribute costs to bad ones. And ride-sharing organizations can much better connect idle automobiles with the buyers that want them.
Our international study also shows that Indian and Chinese customers have a higher willingness to shift several components of the buy on-line compared with their peers in the US, the UK and Germany. This indicates the possibility of some digital leapfrogging” in markets like India and China with far more rapid digital movement than anticipated provided other financial and social factors.
The Changing Landscape Of Indian Automotive Marketglobal automotive industry forecast 2020
Global Automotive Industry Forecast 2020Automotive manufacturing is a single of Europe’s most enduring industrial activities, and it accounts for millions of jobs, billions of euros in investment, and represents a huge portion …Read More