United Kingdom
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Steel
Commodity market in the steel market is dominated by China, of which the automotive sector is one of the largest steel consumers, but the epidemic also affected steel production (further exacerbated by the US-China steel market conflict).
Aluminum
Aluminum production is also dominated by China, which led to an oversupply in the market even before the epidemic. As a result, market consolidation is anticipated, and demand is expected to fall by 6%.
Plastic
The role of plastic has been increased over the years. As an example, a car now contains five times as much plastic as it did in the 1970s. Recent analyzes show a decline in demand, which is linked to a decline in car purchases. At the same time, production of medical equipment has increased due to the pandemic.
E-Mobility
E-mobility vehicles usage showed a 68% growth in 2019, with 672 registered electric charging stations in Hungary.
Electromobility
Although there are still some uncertainties and shortages in new regulations, overall, the new regulation follows more closely actual European and domestic market developments.
Market Trends & Demands
Hungary
The UK is a global leader in AI and is increasingly becoming a focus for companies looking to invest in the sector. AI is already having a positive impact across society – from detecting fraud and diagnosing medical conditions through to helping to discover new music. The UK government has demonstrated its commitment with initiatives such as the Artificial Intelligence Sector Deal in April 2018. https://www.gov.uk/government/publications/artificial-intelligence-sector-deal
Robot / Machine Intelligence Opportunities
Autonomous driving trials are taking place throughout the UK, including London, Birmingham, Bristol and Milton Keynes. The UK has four major connected and autonomous (CAV) test beds, more than 80 collaborative CAV R&D projects and a light touch approach to regulation, including insurance, with the world’s biggest regulatory review to prepare for automated vehicles on public roads by 2021. The UK has supportive from government that is investing billions to boost innovation in the sector.