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Automotive Industry 2020 Sector Report

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Automotive Industry 2020 Sector Report Automotive Industry 2020 Sector report Real estate strategies of the automotive ©Morning Coworking industry The automotive industry, a strategic, industrial segment of the French economy, is closely monitored because of the significant impact it has on business in France overall. Vehicle manufacturers, equipment suppliers and sub-contractors form a vast ecosystem SUMMARY representing several thousand companies and jobs. This sector, which is also affected by major Context • Key figures ............................................. 05 transformations related to environmental • Economic players ................................ 06 challenges and technological progress, has • Consequences of lockdown .............. 09 been severely hit by the COVID-19 health crisis. This situation has accentuated the difficulties Challenges & perspectives facing the sector, whose macroeconomic • The major challenges indicators are in steep decline, and is also facing the sector ................................... 10 accelerating certain changes that were already • The ecological challenge ..................... 12 • The sector’s future ............................... 14 under way. Faced with these complicated structural Real estate trends and circumstantial conditions, the • Corporate strategies ............................ 16 automotive industry’s players are deploying • Major transactions in Île-de-France ...................................... 17 transformation plans, in which real estate is a • Focus on vehicle manufacturers ....... 18 factor of optimisation and a tool to accompany • Focus on automotive part suppliers ... 20 new forms of work organisation. • Work environments .............................. 22 Find out more about the major challenges • Working from home in the automotive industry ................. 23 facing the automotive industry, the ongoing transformations and their impact on the real Colliers International France estate strategies of the firms in this sector. • Our service offer .................................. 24 • Our references ..................................... 26 • Contacts ................................................. 30 2 | The automotive industry The automotive industry | 3 Aside from its importance in the French economy, cars represent a major part of everyday life for many French people, particularly in rural and suburban areas. On 1 January 2018, France had a total of 39.5 million vehicles: - 32.7 million private cars (84% of households) - 6.1 million light utility vehicles - 540,000 industrial vehicles - 92,000 coaches and buses France has a vehicle density (private cars and light utility vehicles per 1,000 inhabitants) of approximately 600, which is roughly the same as in neighbouring Germany, Spain and UK. 4 | The automotive industry Key figures for Context the automotive industry The automotive industry The automotive industry in France: Source: Conseil National de l’Industrie - CSF strategic in France committee for the automotive industry Global new car sales fell in 2019 for the second year in a row. In France, the automotive industry is a strategic 149,000 element of the national economy. It comprises a wide range of activities and irrigates a substantial companies economic fabric. The “upstream” segment of the industry represents almost 4,000 industrial firms and employs 400,000 people in France. 990,000 The "downstream" segment includes the service Jobs (direct and indirect) companies, which represent a particularly dense ecosystem of small, medium and intermediate- sized businesses. This segment is structured into five main areas of activity: distribution BN (vehicles and fuel), vehicle maintenance, €155 driver services, training and recycling. It turnover represents 139,000 companies and more than 400,000 employees. It is also the sector that files the most patents in France, and invests more than €6 billion in €6+BN Research and Development every year. invested in R&D per year The automotive industry | 5 Economic players Vehicle manufacturers A vehicle manufacturer is a business whose activity mainly consists in designing, manufacturing and selling cars. The vehicle manufacturers are the key players in vehicle and car design, striving to satisfy market trends. Sales performance of the various automotive industry players worldwide in 2019 (sales volume in millions) TOYOTA 10.74 VOLKSWAGEN 10.71 GENERAL MOTORS 7.72 FORD 5.39 NISSAN 5.18 HONDA 5.17 HYUNDAI 4.48 FCA 4.42 RENAULT 3.75 PSA 3.48 SUZUKI 3.34 KIA 2.82 DAIMLER 2.82 BMW 2.54 MAZDA 1.5 MITSUBISHI 1.23 TESLA 0.368 N.B.: This ranking does not consider vehicle manufacturing groups in their entirety; for example, the Renault-Nissan-Mitsubishi alliance is divided into three. The worldwide ranking would be different if such alliances were considered and, if trucks were included, the Volkswagen group would top the list for sales in 2019, ahead of Toyota and Renault-Nissan-Mitsubishi. 6 | The automotive industry Automotive part suppliers Auto part suppliers contribute to most of the vehicles’ functions and modules: ignition, braking, lighting, air conditioning, interior comfort and safety. Ongoing changes in the areas of energy and technology (energy transition, development of materials and assembly processes, autonomous and connected vehicles, availability of new mobility services, etc.), auto part suppliers are consolidating their innovation capacity by investing massively in research and development. Turnover of the leading auto part suppliers worldwide in 2018 (in € millions) Source: Company annual reports. ROBERT BOSCH (DE) 47,864 DENSO CORPORATION (JP) 41,767 ZF FRIEDRICHSHAFEN (DE) 36,929 MAGNA INTERNATIONAL (CA) 34,571 AISIN SELKI (JP) 31,489 HYUNDAI MOBIS (KR) 27,057 CONTINENTAL (DE) 26,856 HUAYU (CN) 20,129 CUMMINS (US) 20,129 VALEO (FR) 19,261 LEAR (US) 17,908 FAURECIA (FR) 17,525 ADIENT (US) 14,654 YAZAKI (JP) 14,648 SUMITOMO ELECTRIC (JP) 13,707 MAHLE (DE) 12,581 APTIV (US) 12,223 JTEKT AUTOMOTIVE (JP) 11,845 TOYOTA BOSHOKU (JP) 10,954 SCHAEFFLER (DE) 10,856 N.B. : Only the automotive activity of these companies is taken into account. Tyre manufacturers are not included in this ranking. The automotive industry | 7 Government measures to support the industry in response to the COVID-19 crisis The automotive recovery plan is a “survival plan” to save a sector that has been completely devastated by the coronavirus pandemic. The plan proposes €8 billion to keep production in France and to support the entire industry through the ecological transition: - Green recovery bonus for electric vehicles and accelerated deployment of recharging stations by 2021. - Improved conversion bonus for latest generation petrol and diesel, hybrid and electric vehicles until the end of July. - €600 million investment fund for auto part suppliers and sub-contractors for a triple objective: modernisation, consolidation and innovation. - Producing the vehicles of the future in France. The manufacturers have made certain commitments in terms of consolidation and keeping production activities on French sites, and bringing the production of high added value vehicles back into France. Consequences of lockdown in France A more fragile those in the countries that implemented the strictest market lockdown measures (France, Spain, Italy, etc.). This is There was a 25% decrease expected to accelerate the worldwide in new car sales in ongoing transformation of the the first seven months of this industry, at all stages of the year, a first for the automotive value chain. industry, according to the The transition to more specialist survey company, ecological vehicles is therefore LMC Automotive, which a major challenge for the forecasts a 20% decline in companies concerned in worldwide light vehicle sales riding out this crisis. At the for the whole of 2020. In end of the first half of 2020, Europe, the automotive market sales of electric and hybrid is expected to contract by 25% vehicles rose sharply: the this year, due to the COVID-19 proportion of 100% electric crisis, according to the latests models reached 6.3% of the forecasts of the European French market at the end of Automobile Manufacturers’ June 2020 (compared with Association (ACEA) (June 2020). 1.9% at the end of 2019), With one or more months of while the proportion of hybrid lockdown in several European cars climbed to 10.4% (5.3% countries, the automotive end of 2019). Furthermore, industry experienced a -36% the French government’s decline in car sales in Western recovery plan is counting on Europe over the first seven hydrogen, devoting €7.2 billion months of 2020. In spite of between now and 2030 to the an upturn this summer, the development of this energy, European market remains very particularly in the automotive fragile and the manufacturers industry. most severely affected are The automotive industry | 9 The major challenges Challenges & facing the sector perspectives Three major disruptions affecting the industry Technological notably related to environmental objectives, with electric engines and the evolution of the energy mix, which will have a profound impact on the industry as a whole. Digital with connected, intelligent, autonomous vehicles and the emergence of complex topics such as the protection of the data in the vehicle. Societal concerning usages, new mobility offers and a massive change in our relationships with cars. 10 | The automotive industry Changes in demand In-car electronics Increasing consumer concern for the Nowadays, embedded systems environment is inciting the industry
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