The latest news from the sector Blog
June 2021 | Platform

Global Automotive Supplier Study COVID-19 crisis as a window of opportunity?

The automotive industry has been one of the hardest-hit sectors by the pandemic. According to estimates from the Spanish Association of Automotive Suppliers (SERNAUTO), the automotive supplier sector is expected to close 2020 with a 15% decrease in revenue and a 5% reduction in employment. The internationalization of our companies and their constant efforts have mitigated the impact somewhat, but it is undoubtedly an unprecedented drop.

SERNAUTO and Alexander Brenner, Partner at Roland Berger, have conducted a study titled 'The COVID-19 Crisis: A Window of Opportunity for Automotive Suppliers?' In this study, it is observed that in 2020, the decline in volumes has been "tremendous," and they predict that "until 2025-2026, the production levels of vehicles prior to 2018 will not be regained, with Europe being the worst-positioned region.

In the next 5-10 years, everything is going to change, and cars will not be the same. Automotive suppliers must ensure they are well-positioned. They need to move toward the future, and suppliers cannot afford to lag behind. It is essential to strike a balance between what my business will be in the future and, at the same time, reorganize to increase my current efficiency," he commented.

You can access the full report here.

Noticias relacionadas

December 2024 |

The importance of the brake pads and discs in road safety

When we speak about road safety, it is impossible not to highlight the so important role brake systems play. 

Read more
December 2024 |

Windshield wipers, innovations are pushing up meaningful progress in the industry

 

Did you know that windshield wipers are at the forefront of automotive innovation? These essential systems are no longer just simple accessories; they have evolved into key components that combine advanced technology, sustainability, and intelligent design. Discover how they are transforming road safety and efficiency.

Read more
November 2024 | Companies

Spanish manufacturers of rubber parts: high-quality solutions for the international automotive market

The Spanish automotive industry is well-known internationally because of its excellence and innovation capabilities.

Read more
X

Dont miss out
on our news

Captcha