Post-Covid Perspectives for the Automotive Industry, Opportunities, and Threats

Abstract

Abstract The subject of the study is to verify the impact of the SARS-COV2 virus pandemic on the functioning of the automotive industry in the context of the global economy. The conducted research is important due to the enormous change in the functioning of the automotive industry due to the covid pandemic as well as megatrends affecting the industry. The paper aims to verify the determinants influencing the functioning of the automotive industry. The conclusions resulting from the study will be used to better understand the current situation and to prepare the market’s strategy for the coming years. The selected research method includes literature and industry research and the Exact Systems company case study. The case study relates to a survey of car and car parts manufacturers in 12 European countries. The author’s contribution is an indication of many factors influencing the potential future of the automotive industry available in the literature. Then the author compares these data with the expectations and predictions of the car manufacturers’ market participants to draw consistent conclusions.