Page 36 - TTG-Taiwan Transportation Equipment Guide (TTG) 2022-09 Edition

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Industry Trends

The local and global situations have led to which would create shorter product life spans
renewed demand for auto parts, with expectations for vehicles. On the other hand, future trends
that the world industry value would reach will increasingly demand more efficiency as the
NTD$227.62 billion this year, marking a 2.9% YoY manufacturing sector is experiencing labor loss and
growth. more training costs. Emerging smart technologies,
such as IIoT, big data analysis, cloud applications,
The need for smart manufacturing is significantly and AI will have a significant role in improving the
affected by external trends, such as the sharing auto parts industry’s competitiveness.
economy — which would increase vehicle usage
rates, and in turn, the replacement rate for auto
parts and vehicles — and the adoption of EVs,
leading to a low-volume, high-mix development,