Name: MarketsandMarkets Global Automotive Outlook 2024 Webinar
Start: 2024-02-08
End: 2024-02-08

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Charting the Future Roadmap & Growth Trajectory of the Automotive Sector

In 2024, it’s projected that the combined volumes of the automotive industry, encompassing both passenger and commercial vehicles, will attain 94.6 million units, indicating a growth of 3.1% compared to the 2023 figure of 91.7 million units. Despite the expected increase in the Total Industry Volume (TIV) for 2024, the year-over-year (YOY) growth is predicted to decrease significantly. This decline can be attributed to a complex interplay of various factors, including economic challenges, geopolitical tensions (such as those involving Ukraine and Gaza), supply chain disruptions, escalating commodity prices, rising living expenses, and interest rates fluctuations, among other influences.

Over the next 12 months, the automotive sector is poised for a period demanding preparation and fortification. Key players in the automotive industry must align themselves with market demands, evolving trends, and imminent changes. This includes addressing the growing demand for fast charging, enhancing charging infrastructure, embracing vehicle connectivity, incorporating Gen AI, adhering to upcoming Euro 7 standards, and prioritizing supply chain efficiency. These strategic adjustments are crucial for positioning the industry to thrive in the years ahead.

Join us for the MarketsandMarkets Global Automotive Outlook 2024 Webinar on 8th February at 4PM GMT / 9.30 PM IST as we explore key developments, discuss solutions to expected challenges and hurdles while shedding light on major innovations transforming the ecosystem. The 75-minute LIVE session spans two insightful keynotes providing an in-depth analysis of global automotive trends and projections followed by a dynamic panel discussion featuring key industry stakeholders & economists delving deep into the implications of a volatile global market.

WHAT TO EXPECT

4:00 – 4:10 PM GMT : Opening Keynote by Sarwant Singh (President & Chief Commercial Officer, MarketsandMarkets)
4:10 – 4:25 PM GMT : Special Presentation by Shwetha Surender (VP & Head of Automotive, MarketsandMarkets)
4:25 – 5:10 PM GMT : Panel Discussion
5:10 – 5:15 PM GMT : Closing Address

In 2024, while the EV sales volumes would continue to increase, the growth rate is expected to decline. What factors do you believe contribute to the anticipated decline in the growth rate of electric vehicle adoption?
Our research suggests that the EV charging market is poised for rapid growth in 2024, particularly with a 55.5% CAGR for fast and ultra-fast chargers between 2022-2024. Do you share the same perspective, and what factors do you believe will influence this growth?
Generative AI is predicted to play a pivotal role in various automotive applications. Do you agree with our viewpoint on the widespread influence of generative AI in vehicle design, navigation, predictive maintenance, voice assistants, manufacturing, supply chain, and quality control in the coming years?
The luxury automotive segment is undergoing a redefinition, with traditional luxury OEMs creating an 'ultra-luxury segment' and non-luxury OEMs positioning top-end models as luxury vehicles. What are your insights on this evolving trend?
Although Euro-7 is expected to be implemented in 2025, do you anticipate any impact on the automotive industry's sales and operations in 2024 itself?
With various countries setting zero-emission policies for 2030, 2050, and 2060, do you believe these targets are realistically achievable considering the current regulatory landscape?