Goldman's 7 Auto Industry Megatrends For The Next Decade

In a new report, analysts at Goldman Sachs focused their attention on the paradigm shift they see coming in the next decade for the auto industry. Analysts laid out their seven megatrends for the industry for the next 10 years.

1. Electric Revolution

With both traditional auto makers such as General Motors Company GM, Ford Motor Company F, Fiat Chrysler Automobiles NV FCAU, Honda Motor Co Ltd (ADR) HMC and Toyota Motor Corp (ADR) TM, as well as modern technology companies such as Tesla Motors Inc TSLA, Apple Inc. AAPL and Google Inc GOOGGOOGL all either producing or rumored to be developing electric car models, Goldman analysts project that 25 percent of global automobiles sales in 2025 will be electric vehicles.

Related Link: 10 Technologies That Cars Will Have By 2020

2. Weight Reduction

Alcoa IncAAUnited States Steel CorporationX

3. Autonomous Cars

Google wants to create a full self-driving (Level 4) car by 2017, a move that could completely transform transportation.

4. Mega Suppliers

5. New Entrants

Related Link: Daimler, Qualcomm To Collaborate On Connected Car Technologies

6. Connectivity

7. Emerging markets

Image Credit: Public Domain