Automotive: Industry outline
The automotive industry is one of the largest and most important industries in the world. Around 80 million vehicles are produced worldwide every year. An important factor for the global success of the automotive industry is its innovation leadership. According to the industry association VDA, German automotive companies alone will invest more than 220 billion euros in research and development in the period from 2022 to 2026. The positive consequences of the continuous further development of products and processes in the form of energy optimization, quality improvement and unit cost reduction are noticeable for example in the paint shop sector.