German Car Manufacturers to Adopt Dynamic Approach in Years to Come, Forecasts MarketLine in Its Report Available at MarketPublishers.com
08 Sep 2016 • by Natalie Aster
LONDON – Germany’s car manufacturing industry has been adversely impacted by a number of major incidents in 2015-2016. These include the decelerating growth in China’s market; VW emissions scandal; Germany's biggest car export market, the UK, voting for Brexit, and a potential Donald Trump run the USA post the presidential elections in November 2016.
An increasing tide of protectionism and sluggish growth in the world’s biggest car market can have a serious influence on domestic car makers. It is not an unpromising situation for the industry though as decreasing crude oil prices and rapidly expanding car markets in other countries of Asia should induce a prompt response from Germany-based car manufacturers, wherein they should target novel markets and cater to their needs to recoup any actual and possible losses that will likely be met with in Germany's more conventional car export marketplaces.
Germany-based car makers are expected to have to adopt dynamic approach to run into the challenges in 2016-2017. Local manufacturers will have to exhibit some dynamism in Asia’s car market, and might be forced to reduce their prices in China’s market to maintain a competitive edge with the local brands that have seen an upsurge in popularity as the growth rates of Chinese GDP have dropped.
Topical research report “German Car Manufacturing in 2016-17: Developing circumstances require dynamic response” elaborated by MarketLine offers an up-close assessment of the car manufacturing industry on a national level. The research study takes a detailed look at the major events affecting Germany-based car manufacturers during 2015-2016, and also canvasses the ways in which local car manufacturers will likely respond to these events in 2016-2017.
More topical research studies by MarketLine can be found at its page.