The automotive sector has been one of the hardest hit by the pandemic. According to estimates by the Spanish Association of Automotive Suppliers (SERNAUTO), the automotive supplier sector will close 2020 with a 15% drop in turnover and a 5% reduction in employment. The internationalization of our companies and their constant effort has made this impact somewhat less than expected, but it is undoubtedly an unprecedented drop.
Sernauto and Alexander Brenner, Partner at Roland Berger have prepared a study 'The COVID-19 crisis: a window of opportunity for automotive suppliers?' in which it is observed how in 2020 the drop in volumes has been "tremendous" and at a global level they forecast that "until 2025-2026 the vehicle production levels prior to 2018 will not be recovered, with Europe being the worst positioned region.
In the next 5-10 years, everything is going to change and cars are not going to be the same. Automotive suppliers must make sure they are well positioned. We have to run towards the future and suppliers cannot be left behind. It is essential to make a balance between what my business is in the future and, at the same time, reorganize to increase my current efficiency," he commented.
Presence at international events not only boosts brand positioning, but also market diversification. One example is the outstanding participation of Autoparts from Spain in Automechanika Dubai, one of the most important trade fairs in the international automotive industry. This participation positions the initiative as a benchmark of excellence in the global automotive industry and promotes the image of Spain as a country with a high quality and reliable automotive industry.
Between January and April 2023 exports of Spanish automotive components and equipment reached €9,028 million which is a +26.2%, inter-annual growth rate, which reflects the dynamism shown by the sector’s sales abroad.
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