4 Trends that will Change the Game in Automotive Industry in 2018

4 Trends that will Change the Game in Automotive Industry in
2018
It doesn't take an expert to tell you that a lot of new things are happening in the automotive
industry. The buzz about driverless cars has already quieted down since we already knew that it is
just waiting for the final nod of approval and road arrangement before hitting the road.
In the meantime, connected cars with smart automation and sensors for many in-car activities are
pushing the boundary. Highly equipped automotive management services have sprung up to
leverage the digital benefits for a rewarding driving and boarding experience. While these will
continue, it is time to have a look at the key trends that will be a game changer for the automotive
industry as a whole.
Image Credit: - autofacets.com
1. A prediction of 30% revenue growth in automotive service
The prediction for new car sales in this year is not exciting while with several new entrants in every
segment the competition has reached to the stiffening proportion. But one particular area in the
automotive industry is continuously experiencing growth and it is none other than the vehicle
servicing businesses.
According to the CEO of Schaeffler, the world’s largest supplier brand in the transmission systems,
bearings, clutches and torque converters, the service industry of automobile parts will experience
a growth of 30% this year. According to many experts and automotive management services, many
countries are changing their emission regulations and some are considering banning gasoline. An
increasing number of cars are opting for upgrading transmission and in-car connected systems.
Thanks to all these, the service sector will continue to experience growth.

2. CFRP, the strongest car material will play a decisive role
For the whole automotive sector, the question that always made opinions divided is about the
priority of safety or lightness. As of now, we mostly need to give priority to either safety or
lightness of the body. What happens, if a car is built with a material which stands strongest while
remaining just lightweight? Well, that is the promise of CFRP or carbon fibre reinforced plastic, a
breakthrough material developed for the cars of the future. Though it is expensive as a material,
over time its cost will come down and become choice material for affordable vehicles as well.
3. Electric vehicles will experience the boom
The growth of electric cars has been phenomenal in the past few years and that is not going to be
different in the months to come. The electric cars experienced around 30% growth in sales and as
per many automotive management services, electric cars are going to be more mainstream in the
coming months. At present all major car brands are coming up with their range of electric vehicles
in the market and other manufacturers will follow in the time to come.
4. Car sharing will continue to grow
Already car sharing has been established as a big trend in the automotive industry. With the
increasing public consciousness about energy saving, this will continue to remain as a factor to pull
down new car sales in many markets. According to many experts, by 2020 we can expect one
among every 10 cars to be sold as a shared vehicle.