Annotated Bibliography on Global Automotive Market - Paper Example

According to these authors, the internal combustion engine is one of the most persistent established technologies today. However, due to air pollution complaints and the strict air pollution standards that were set in the 19902, this engine is no longer dominant. Different engines are being introduced such as the fuel-cell vehicle and the hybrid electric vehicle.

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This source is credible as it has been researched by professionals in innovation and technology. Therefore, any data provided may be used productively. This source provides data on important technologies which may be used as alternatives to the previous internal combustion engine which is in question due to the high rates of pollution.

This source is important for the business proposal as it shows which products the company should invest in. The issue of pollution is being taken seriously, especially as global warming also gets out of hand. Therefore, although it may feature different concerns, it is clear that all issues of the supply chain, inter-organizational relations, and staying in line with the law are critical. This source, therefore, complements Gonzalez-Benito, Lannelongue & Alfaro-Tanco (2013) by adding to the list of important things that a new business in the industry should consider.

PR, N. (2016, July 26). Automotive Composites Market Forecast 2016-2026: Analysis of Top Companies Light-Weighting for Fuel Efficiency & Emission Reduction With Car Interior, Body, Engine, Drivetrain & Other Components. PR Newswire US.

According to this news article, the global automotive composites market was expected to generate approximately $12.1 billion in 2016. New technological trends are being identified in this article. Also, the fact that it features the forecasts of key industry players ensures that it is possible to analyze competitors. This makes it possible to analyze performance and trends of expected competitors, hence be prepared when finally making an entrance into the industry. The regional forecasts enable for the clear identification of the best area to locate the business. The new business will have to be located at a place where there is no stiff competition, yet demand is high. This will enable for a perfect market entrance that will not greatly impact the new entrant.

Newswire is a credible source of articles, which is why it has been in use for a very long time. Its credibility is what has enabled its inclusion in the academic databases so that researchers may be able to search the non-academic articles too. The provided data, therefore, should be considered in the proposal since they have been researched and not assumed.

Considering the growth statistics offered here, and that which was offered previously by PR (2017), it is evident that they both agree that the automotive industry is expected to grow even further? This is because only positive trends are being identified and forecasted. This shows that the automotive industry is indeed lucrative and may feature satisfying results. Also, the data adds to the knowledge included in the business proposal as there will be an expectation regarding competition and even the best region to situate the new business.

PR, N. (2017, May 25). Global Automotive Seat Market. PR Newswire US.

This news article focuses on the automotive seat market. It analyses the various trend of the market and uses this data to give a forecast of what is to be expected. This global automotive seat market is expected to hit $78.7 billion by 2022. This hike is due to the increasing vehicle production and the rising trend of using high-value seats which have an integrated smart technology that allows for both comfort and safety. Although there are other seat designs which are forecasted to increase in revenue over the next few years, the heated seat segment is expected to remain the fastest growing one. This is because customers seem to have a preference for the thermal control which enhances the heating system of the vehicle.

This news article has been obtained from a credible news source. Therefore, the data retrieved can be used effectively as the source ensures to research its content. It never publishes questionable content as this will mislead its audience. The fact that it features a comparison of present trends before moving on to offer market forecasts makes it an easier alternative when trying to retrieve important data on the market segments involved.

This source complements Gonzalez-Benito, Lannelongue & Alfaro-Tanco (2013) in the sense that it focuses on market segments while the three authors focus on customer service. It is also important to consider the trends and forecast of a market segment as the new business may opt to specialize in a segment that is expected to become more profitable in future. Therefore, by also applying supply chain expectations and inter-organizational relations, the new business will turn out to be highly profitable and sustainable.