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Automotive
The mission of the Automotive industry – one of the most globalised industries – is to provide safe and accessible transportation for the world’s increasing population. The industry is one of the main engines of economic growth, with important multiplier effects both in upstream sectors such as metal processing, chemicals, and textiles, and in downstream sectors like ICT, trade and services. It is also one of the biggest innovators on a global scale, rapidly adopting breakthrough technologies that address the need for more efficient and environmentally-friendly transport solutions.
The Automotive industry involves the manufacturing of bodies, engines, parts and whole vehicles for ground transportation. Such vehicles include motorcycles, cars, light commercial vehicles and heavy commercial vehicles.
Policy support, improving consumer awareness and rising affordability have been fuelling the global electric vehicle (EV) market for more than a decade now. With sales rising in double digits, EVs are gradually eating up into the market share of ...
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The automotive industry is one of the pillars of the Polish economy, representing on average 8% of the country's GDP between 2022 and 2024, according to the latest available estimates by the Ministry of Economic Development and Technology as of May ...
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Europe has long been a cornerstone of the global automotive industry, contributing significantly to global vehicle production and exports. According to the European Parliament, in 2023, the EU produced approximately 14.8mn vehicles, including 12.2mn ...
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Turkiye is home to production sites for more than 30 of the world's top 100 automotive suppliers, reflecting its strategic role in the international automotive industry. The automotive sector has consistently driven Turkiye's industrial expansion ...
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The automotive sector in Central and Eastern Europe (CEE) remained resilient through 2023 and early 2024, overcoming new global and regional challenges. By mid-2024, it had not only regained pre-pandemic production and sales levels but also entered a ...
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The automotive industry is one of the pillars of the Polish economy. It accounted for 8% of the country's GDP and approximately 13.5% of its exports value in 2022, according to the latest available estimates by the Polish Investment and Trade Agency ...
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The USD 18bn of foreign direct investments (FDIs) that Turkey has attracted into its automotive sector since 2000 have significantly bolstered the nation's manufacturing prowess, positioning Turkey as a crucial link in the international Original ...
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Having weathered the initial impact of the COVID-19 pandemic, the automotive industry in Emerging Europe* encountered a fresh wave of obstacles in 2022. Global semiconductor shortages, rising raw material prices, and the energy crisis stemming from ...
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