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

June 2024 | Exhibitions

Autoparts From Spain’s countdown to attend the most important fair in the sector: Automechanika Frankfurt 2024

The Spanish automotive industry is gearing up for Automechanika Frankfurt 2024. Discover the innovations of Autoparts from Spain from September 10 to 14 at Hall 6.1, Stand A20, and connect with the best of the international automotive sector.

 

Read more
May 2024 |

What is car oil and why it is so important for the engine?

Discover the secret behind your car's performance: car oil. In this article, explore its importance, learn to detect warning signs, and get to know the leading brands in Spain. Optimize your engine and extend its lifespan with simple tips!
 

Read more
May 2024 |

Learn about what car shock absorbers are. Types and maintenance.

Shocks absorbers are the invisible allies of your journey. They ensure a stable and safe driving experience on any terrain. Learn how to choose the right ones and detect issues here.

Read more
X

Dont miss out
on our news

Captcha