These five trends drive automotive innovation: Page 2 of 2

September 03, 2015 //By Christoph Hammerschmidt
These five trends drive automotive innovation
The automotive is currently facing the strongest changes in its history, says a study from management consulting firm McKinsey. Besides technological innovation, the changing role of the suppliers will greatly alter the industry.
in China could experience a possible decline.

During the past decade, the supply industry experienced a significant consolidation. Whereas in 2004 the 100 largest suppliers accounted for 36 percent of the industry’s total sales volume, they accounted for 50 percent in 2014.

Globally, Asia holds the highest number of automotive suppliers. Within the group of the 100 largest suppliers, 36 are based in Asia, 34 in the Americas and 30 in Europe.

Related articles:

Study: Asia leads automotive innovation

Innovation in the car: 90% comes from electronics and software

Autonomous driving creates billion-dollar market

ZF swallows TRW Automotive to form world's second largest supplier


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