The center for Automotive Research found that automotive suppliers contribute to 4.5 million jobs nationwide and provide more jobs than any other sector in seven states-Michigan.
Automotive Careers - Overall global car sales will continue to grow, but the annual growth rate is expected to drop from the 3.6 percent over the last five years to around 2 percent by 2030. This drop will be largely driven by macroeconomic factors and the rise of new mobility services such as car sharing and e-hailing. About 17,500 openings for automotive body and glass repairers are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire. Much of the projected employment growth in these occupations is due to recovery from the COVID-19 recession that began in 2020. Automotive Careers
According to BLS.ORG
2022 Automotive Industry Trends Doubling Down on Electric and Connected Cars. As 2022 begins, the automotive industry is continuing to see huge changes in business models as the pace of electrification rises and advances in connectivity technology continue. These changes are giving rise to intense competition that is undermining existing brand strategies, and have given rise to huge new opportunities for both existing Original Equipment Manufacturers (OEM) and new brands alike. The changing landscape is evidenced by seven new entrants in the Top 100 this year, compared to only two last year, and the impressive growth from recently launched brands. These new starters are racing up the ranking in terms of value, while more established brands have seen more subdued growth.
According to www.brandfinance.com
Automotive Industry 2022 The automotive industry has been undergoing significant changes as it works to adapt to growing market demands and challenges associated with electric, autonomous, and hybrid vehicles. In 2020, global electric vehicle sales grew by 41%, according to IHS Markit. So, it may not come as a surprise that nearly 50% of the automotive professionals we surveyed said that electric vehicles were extensively driving their design efforts, while 42% shared that it had somewhat of an impact.
From 2018 to 2021, the frequency of cyberattacks on vehicles increased by 225 percent, according to a recent report from the cybersecurity and data management platform, Upstream. With the escalation of automotive software security risks, the leading security concern for the automotive professionals we surveyed was the difficulties of enforcing secure coding practices. Automotive Careers