The automotive industry comprises the development, manufacture and sale of motor vehicles. This industry is one of the world’s largest economic sectors in terms of turnover and plays a crucial role in the global economy. The product range extends from passenger cars and lorries (trucks) to buses and motorbikes. The automotive sector also includes suppliers and manufacturers of automotive parts such as tyres, batteries and electronic systems.
The industry is strongly driven by technology and is subject to constant innovation, particularly in the areas of autonomous driving, electromobility and connected vehicles. These technological advances help to improve the safety, efficiency and environmental compatibility of vehicles.
Another important aspect of the automotive industry is the aftermarket, which covers the maintenance, repair and upgrade of vehicles after the initial purchase. This sector ensures long-term customer loyalty and generates significant sales.
Global challenges such as environmental regulations, changes in consumer demand and international trade policy influence the dynamics and development of the automotive industry, which includes both established car manufacturers and new market players such as technology companies.