The global automotive industry is a behemoth, a trillion-dollar industry that relies on innovation, infrastructure and investment on a truly international level. The UK’s own automotive market is vast on account of its engineering pedigree, and the strength of its exports as well as its imports and consumer market.

The automotive industry is necessarily ever-advancing, as new technological breakthroughs meet with shifting consumer demands and a fragile global supply chain. A great many moving parts go into making a moving vehicle – but which trends are in motion, and what does it mean for the industry at large?

Electric Revolution

The word on everyone’s lips at present is ‘electric’. The ‘electric revolution’ has been long-awaited, but the technology only recently caught up with concept in a commercially viable manner. The automotive market is flooded with electric vehicles (EVs), as major manufacturers caught up with trailblazer EV makers.

Rising competition in this new sub-market has driven more and more innovation, producing vehicles with better range and more modern conveniences – cementing the already-certain future of EVs in a world of finite fossil fuels and growing climate crisis.

A Diversified Trade

On the trade end of the automative industry, new trends are emerging regarding the shape of the UK’s collective trade front. The increasingly complex design of modern vehicles has made it harder for small-time mechanics and local garages to service newer vehicles, with bigger-name automotive repair services winning out over independents.

Meanwhile, though, ‘classic’ mechanics are increasing in number, as more trade apprentices take an interest in the mechanical aspect of automotive repair. The result is the existence of part-time motor trade insurance, a product which protects part-time mechanics and vehicle engineers – illustrating an appetite for diverse employment in the automotive industry.

Future Outlook

The automotive industry remains a juggernaut in size and value, but recent challenges – including the semiconductor shortage of the coronavirus pandemic, increased geopolitical frictions with resulting barriers to international trade, and the increasing threat of climate collapse – have formed a uniquely challenging landscape for trade professionals, manufacturers and consumers alike.

In this challenging time, electric vehicles are sure to be the future of transport but also present problems in the process. Their proprietary engineering, complex design and high initial cost make them difficult for the average consumer to buy – with resulting stresses for engineers, mechanics, sales showrooms and more. A downward trend of automotive industry employment is incoming, but so too is a tech-advanced future of travel.