Following trends will continue to prevail throughout 2020
a) Subscription Models
Many startups and even automotive companies would prefer an annual subscription model for maintenance, insurance and service support. This helps create assured revenue opportunity
b) Alternative light weight material for vehicle manufacturing
Automotive companies will continue to look out for alternative material to replace heavy steel and have vehicles come up as light weighted model.
c) Recycling
Environment friendly focus to optimize on wastes and scrap usage will be needed and be crucial as one of the parameters to save operational costs
d) Optimizing resources
There will be layoffs, resource restructuring and more investments be made in automation, IoT enabled services to build more robust self driven maintenance.
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