Automotive
Global registrations to continue their recovery from historical lows
Last update – June 2023
Sector rating
SENSITIVE RISK FOR ENTERPRISES
Fragmentation
Internationalization
Capital Intensity
Profitability
Strengths & weaknesses
- Consumer interest for electric vehicles and new mobility services
- Government support for electric-vehicle transition
- Global fleet ageing, indicative of future replacement purchases
- Still low car penetration in emerging markets
- Overcapacities eliminated in past years
- Vulnerable supply chains (car electronics in particular)
- Heavy investment in EVs will take time to pay off
- Rise of Chinese carmakers a competitive game changer
- Progressive end of internal combustion engine technologies a major challenge for suppliers
- Competition from tech giants and start-ups in the field of connected and autonomous driving technologies
- Rising financing costs
Sector overview
Subsectors
Contact
Aurelien Duthoit
Allianz Trade
Allianz Trade