AUTOMOBILE & TRANSPORTATION -
Some challenges and opportunities
From designing to development of transportation vehicles, the automobile industry has come a
long way. This industry was seeded with the goal of offering convenient travelling options.
Now, it has transformed into one of the most reliable industries. With the environment saving
activities picking up momentum, the businesses operating in automobile industry have also
introduced carbon-neutral projects.
In these projects, they have planned to launch battery powered vehicles that have no carbon
footprint. This way, the major players have pledged to reduce the pollutions levels across
New digital trends have also pushed the demand for new and improved line of automobiles.
With the help of latest tech such as GPS, driverless assist and remote control, the automobile
industry is experiencing a spike in business all over the world.
Asian has emerged as the biggest market due to the highest number of consumers. Earlier, it
was considered to be a luxury but now things have turned by 180°. All individuals are
dependent on the automobiles made by automotive industry.
Growing income, support from government bodies and rising population are the major reasons
that have fuelled the growth of global automobile industry. This started as a very niche market
but now has diverged across multiple domains such as water transport, land transport and air
This market has shown positive signs of growth even during market dips. This shows that the
market has been growing at a steady rate since its inception.
As the demand for lower emission vehicles is increasing, the main players of automotive
industry have started exploring new and improve methods to serve this new growing demand
of people from all over the world.
Automobiles have been an integral part of everyday life. People from all walks of life use
transportations services. Due to this reason, many public transport services are famous. These