Automotive/Automobile Industry – Domain Knowledge
Looking for knowledge and key business information on the automotive (automobile) industry?
TechnoFunc brings to you automotive(automobile) industry overview, business model, value chain, competitive landscape, and latest trends. The Automotive (Automobile) industry is the industry of automobiles. It is the industry that designs, develops, manufactures, markets, and sells motor vehicles, and is one of the earth's most important and largest economic sectors by revenue. The term automotive industry usually does not include industries dedicated to automobiles after delivery to the customer, such as repair shops and motor fuel filling stations.
Learn the various dynamics and challenges in the domain knowledge for Automotive (Automobile) Industry. Quickly enhance your business acumen and talk like an expert and impress your stakeholders in your next meeting!
The first automobile with a petrol engine was built in 1885 and soon the figure for total cars in the world will be touching a mark of 1000 million cars and light trucks. This article presents a quick overview of what we mean with the Automative Industry and how it started and what is the scale of this industry today.
The study of the automotive industry is inherently interesting: it is massive, it is competitive, and it is just a few years older than a century. It is expected to undergo major changes in recent times due to the impact of globalization, increased regulations because of environmental concerns, and rising fossil fuel prices due to decreasing oil reserves.
In this article, we will discuss the business sectors of the automotive industry. We will understand the major sectors in the automotive industry and the role they play and their impact on the industry. The major business sectors of the automotive industry are suppliers, auto-manufacturers, and auto dealerships.
There are four key business drivers that impact the automotive industry: economic conditions, consumer preferences, government, and technological advances. Globalization is also influencing the industry to a great extent. In this article, we will discuss in detail each of these business drivers.
Most of the automotive manufacturers employ a business model that demands collaboration between different assemblers and cadre of parts suppliers with a lean, flexible, just-in-time (JIT) assembly process. In this article, we will discuss the business model of a typical automotive manufacturer and the various stages from planning to final retailing of the product.