The year 2021 marks a year of recovery in the automotive world.
And yet the numbers are still not encouraging and do not reach the forecasts given earlier this year.
According to S & P analysts, the automotive industry will not return to normal production and supply until mid-2022.
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The expected growth this year in the global market, after the crisis year (2020) will be slower than expected, by only 2-4 percent, compared to double-digit growth forecasts in the past.
The main reason for the slowdown?
The same chip crisis we first reported here.
The aforementioned crisis has worsened over the past summer, but not only is it to blame.
Also the delta strain of the virus, forced a temporary closure of several chip factories and this negative effect we will feel until the next second half.
As for the current year, the expectation is of producing about 80 new cars worldwide, compared to the expectation of 83-85 cars this year.
A decrease in vehicle dictionaries that were expected to be sold worldwide.
Despite the lower-than-expected growth, the agency's analysts believe that there will be no negative slaves on the manufacturers' ratings, whose balance remains positive thanks to leaner activity, halting production and other measures taken by them.
One problem that has no solution on the horizon speaks to the weakness that has been discovered in the global supply system.
A problem that will accompany us throughout the coming year as well.
The move to more technological products, may again generate increased demand for chips and it seems that the industry is indeed taking steps to prepare for such a situation.
Collaborations signed between Volkswagen and Infinion, GM and Qualcomm, Toyota and Panasonic, Stalantis and Foxconn and Mercedes with Anodia, should ensure better control over the production and transportation of the chips required for the industry.
S & P's analysts also point out that all of these have not affected the electrification trend sweeping the automotive sector.
The support of environmental regulations and economic subsidies seems to overcome growing concerns about the relatively slow development of charging infrastructure.
The agency expects a 15 percent market share for the electric vehicle in 2022, but with significant geographic differences;
The Chinese market will see strong growth in low-cost electric cars, while traditional automakers will increasingly establish themselves in Europe and the United States, offering more and more relatively expensive electric vehicles.
Another observers there, that growth in Europe will be felt significantly in light of the legislature's perceived activity on this issue.
If these predictions come true, and at the moment it seems to be the case, this crisis will continue to affect the local market.
Already today there are missing models in the market for which the waiting time is months.
If the industry does not find quick and significant ways to recover, the situation is expected to continue to accompany us next year as well.
