The drop in the oil price has helped pushed the demand for pickups and SUVs globally. Following the lead of electric car makers like Tesla, companies like Volkswagen and Mercedes-Benz are finding new ways to innovate and incorporate the latest battery technology into their cars. The automobile can be a materialistic trifle, they can be a vital vehicle, they can be for the game and so forth. The automobile has long since changed from a technical to a social commodity: The automotive industry continues to face a dynamic set of challenges. The automotive industry is projected to reach a value of $5.1 trillion by 2015 and employs millions worldwide in roles ranging from manufacturing to sales. Looking forward, employment for Automotive Electricians to November 2019 is expected to grow slightly. Although South Africa is in moderate shape, established vehicle makers face competition from Chinese start-ups. Only 46% expect more competition from companies in other sectors over the next three years. Automotive industry, all those companies and activities involved in the manufacture of motor vehicles, including most components, such as engines and bodies, but excluding tires, batteries, and fuel.The industry’s principal products are passenger automobiles and light trucks, including pickups, vans, and sport utility vehicles. People are at the heart of the UK Automotive – the industry employs 814,000 people across Britain, with 169,000 working directly in manufacturing. According to analysis conducted by Autofacts, light vehicle sales in Iran over the first half of the year are up 15.4% to 633,728 units followed by Egypt. And they are more actively exploring the potential of robotics (53% versus 37%). A career opportunity in the automotive industry that is expanding is a body and paint specialist. A high proportion of companies engage with the vocational training system in response to their skill needs, influenced partly by the reasonably strong uptake of apprenticeships in the industry. “The buying power of the consumer is declining and this will have an effect on the sales of new motor vehicles,” adds Minie. They are also attaching more importance to new battery and power technologies than CEOs in other sectors (68% versus 47%). “South Africa is a production hub for the global automotive industry and therefore trade relations are important,” says Kobus Minie, PwC Automotive Industry Leader for Southern Africa. “There is definitely a huge opportunity for South African manufacturers to increase the localisation of components,” concludes Minie. 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. In South Africa, several well-known premium and volume automotive manufacturers produce vehicles for the local market and the rest of the world. Transportation Related Business Ideas. This is a large occupation suggesting opportunities should be available in most regions. In 2019, the auto sector listed turnover of EUR 435.3 billion – around 20 percent of total German industry revenue. Whether you’re a grease monkey or a salesman, odds are there’s an automotive job that suits you. Working within the automotive industry is fast-paced and an exciting career choice, with over 17 million cars and motorcycles registered in Australia that all need to be serviced and repaired. Forward-looking indicators suggest there is plenty of opportunity for additional growth in the future. The demand for highly skilled technicians in all sectors of the industry will continue to grow as the government subsidises the long anticipated green-car revolution. Although the African continent has many challenges, there are a number of opportunities for giant automakers and suppliers who have already started making inroads on the continent. The automotive industry is no exception. The automotive industry holds opportunities for MBAs, if they have previous automotive experience! The industry is transforming from competition among peers toward new competitive interactions, but also partnerships and open, scalable ecosystems. The wide-ranging automotive industry includes car manufacturers, importers, distribution, parts suppliers and manufacturers, car dealers, mechanics, logistics and transport. . Now that Iran has reached a historic deal with world powers, assembly is expected to increase even further to catch up with high pent-up demand. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. The automotive aftermarket is a vast and diversified industry globally. The industry also provides great opportunities for investment and direct and indirect employment to skilled and unskilled labour. They have their sights set on China, the US and Germany as sources of growth. The automotive industry is currently on the road to a more environmentally friendly future and technological innovation will be a crucial feature as cars continue to evolve to meet the needs of a low carbon economy. Also included are repair and maintenance activities for automotive and other machinery and equipment. The automotive sector is the largest manufacturing industry in Australia, with nearly 52,000 people directly employed by the three local vehicle manufacturers, dozens of importers and thousands of related components manufacturers. Opportunities And Challenges In China's Automotive Industry Automotive ... As China’s automotive market enters its next stage of development, both challenges and opportunities await. In particular, the Algerian market is under considerable pressure with sales down 15.7% to 157,057 units over the last 25 months. One area that has the opportunity to deliver significant competitive advantage is analytics. The current advancements in technology have led to a growing number of career opportunities, and high vehicle sales have increased the number of vehicles that require maintenance and repair attributing to the growing need of skilled tradespeople. Companies are also identifying gaps in basic skill levels, associating industry recruitment difficulties with an absence of ‘job-ready’ candidates. The employment for this occupation rose very strongly in the past five years and expects to stay steady in the long-term. To sustain profitability and market leadership, OEMs need to relook at their business model. The automotive industry is a low-margin, capital-intensive industry. In fact, in 2015-2016, the US$93 billion automotive industry contributed 7.1 percent to India’s GDP and 49 percent to the national manufacturing GDP. In May, a wireless technology company called Metawave announced a $10 million additional seed investment from strategic investors including Hyundai, Toyota, Denso and Infineon. Industry experts have stated that growing digitalization and advancements in technology will increase the automotive industry’s investments to $82 billion by 2020. The earning for this job are above average and unemployment for an Automotive Electrician is below average. A career as an automotive mechanic over the next four years to November 2019 is expected to be above average (between 25,001 and 50,000). The automotive industry is facing huge transformations, set to affect not only manufacturers and subcontractors. Employment for Motor Vehicle Parts Technician is expected to grow strongly to November 2019. Global automotive industry exploring new opportunities for growth. Parts simplification and reduced assembly requirements could have a direct impact on the supply base by reducing the size and complexity of auto supply chains. . offer an opportunity to automotive industry participants to use digitalisation as an enabler to create a unique competitive advantage across the value chain. The automotive industry is the largest industry sector in Germany. Verified Market Research valued the connected car market at … In this global environment, it is of interest to determine if company executives and independent analysts agree on ways to address such opportunities and threats. The lion’s share of the new assembly volume is expected to come from developing markets, and in particular developing Asia-Pacific providing nearly 65% contribution to growth from 2014 to 2021. Hybrid cars will be great contenders to lead the green revolution over the next five years. “In addition, the disruptive potential of colliding megatrends is further cause for concern. The automotive industry has the opportunity to shape this fundamental restructuring. This also implies that there will be a rise in competition in the automobile industry like never before. The UK automotive industry has had a pretty turbulent time of it lately, but as is often the case in times of change, new opportunities arise writes Luke Hampton, senior supply change manager at the SMMT. Automotive technician. Taxi / Cab Services; When it comes to starting a transportation related business, one of the easy to start businesses that readily come to mind is the taxi services business.With just a car, an entrepreneur can successfully launch is tax business. Light vehicle assembly is expected to reach 88.6 million units in 2015, representing a 2.7 year-on-year increase, according to Autofacts, PwC’s automotive analyst group. The automotive industry is one of the biggest in the entire world. The other three markets – South Africa, Morocco and Algeria – are down. Business opportunities. While 2015 is expected to be a modest year for the global automotive industry, several markets stand out due to their positive, or negative, contribution to the assembly top line. This year they are placing particular emphasis on data mining and analysis (83%), mobile technologies for engaging with customers (77%) and tools for boosting cybersecurity (77%). When devising strategies and business models, companies should not only consider direct product purchasers but all users and groups affected by transport issues. South Africa’s vehicle and automotive component manufacturing industry, including exports accounted for 30.2% of total manufacturing output and 7.2% of the GDP in 2014. Currently, there are a number of pressing issues affecting the global automotive industry. Students looking to start a career in the automotive industry should begin their training with the Certificate II in Automotive Studies (Pre-Vocational), this will give students a great introduction to the industry and kickstart their career today. Wide experience (the first automotive plant was established in 1921) Qualified labor force (according to INEGI, 901,419 people were employed by the Automotive and Auto parts manufacturing Industries in 2016). The $118 bn Automobile industry is expected to reach $300 bn by 2026. Automotive Electricians are mainly employed in Other Services, Manufacturing and Wholesale Trade. Of the four major developing markets – Brazil, Russia, India and China (BRIC) – only China is consistent in growth, June and July 2015 which declined year on year approximately 3.3% and 6.6%, respectively, aside. Over the next four years to November 2019, the number of job openings for Automotive Electricians is expected to remain steady. The automotive industry has seen significant advances in driver assist capabilities. You would have to fix the exterior of the car and then restore the paint job as well. Looking forward employment for Automotive Mechanics to November 2019 is expected to remain steady. The opportunities to develop the automobile industry are shrinking. To succeed, automotive manufacturers, suppliers, and service providers need to form alliances or participate in ecosystems—for example, around infrastructure for autonomous and electrified vehicles. These professionals perform a number of tasks ranging from balancing wheels to changing oils. Careers in the sector are wide-ranging and continually evolving with the development of new technologies. Regulations to reduce CO2 emissions, fluctuating exchange rates, shifts in consumer behaviour and a challenging economic climate are just some of the issues facing the global automotive industry. South Africa’s CEOs are contending with similar issues as their global counterparts, with the majority viewing Government response to the fiscal deficit and debt burden, social instability and high employment as barriers to business growth. Meanwhile, the imports increased by 82 percent. In addition, assemblers have begun to drive output in Iran upwards. “Despite the many challenges, the automotive industry is exploring new horizons and opportunities for growth,” says Rick Hanna, PwC Global Automotive Leader. 50 Best Automotive & Car Related Business ideas and Opportunities. “This poses a serious threat to us, but also brings great opportunities,” says Adam Erritzøe, Innovation Manager at the Danish car dealer Semler. COVID-19: South African Government Resource Portal, Senior Manager, Media Relations, PwC South Africa. Similarly, automotive CEOs worry about finding people with the right skills, how indebted government will manage their fiscal deficits and geopolitical upheavals. 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