In light of innovation and technological advancement, the passenger vehicle market has witnessed a significant transformation. The current trend is leaning towards electric cars as sustainable alternatives to conventional fuel-powered vehicles. This is an outcome of stringent emission regulations globally. Furthermore, there has been an increase in the demand for...
Discover more insightsEstimates indicate a corpulent size of the work truck market globally, supported by robust demand in key regions like North America, Europe, and Asia-Pacific. It's a highly-competitive field filled with both established players and startups, all competing for slices of this substantial revenue pie. The current size is influenced by...
Discover more insightsThe commercial vehicle industry is witnessing significant transformational trends. Primarily, a shift towards alternative fuel vehicles is becoming increasingly pronounced as environmental sustainability becomes a crucial guiding factor for businesses. Vehicles powered by electricity, natural gas and hydrogen fuel cells are no longer theoretical concepts but are garnering significant commercial...
Discover more insightsThe current landscape of the forklift truck industry is characterized by an advancing pace of innovation, aimed at increasing operator comfort and functionality. This is evident by the growing incorporation of technology with a focus on digitization, automation, and energy efficiency. Another trend is the drive towards battery-operated and fuel...
Discover more insightsAs one of the fastest-growing segments in the automotive sector, the global SUV market is being driven by various factors. Higher disposable income, a shift in consumer preference towards larger vehicles, and advancements in vehicle technology are some of the drivers propelling this market's growth. Consumers are progressively favoring SUVs...
Discover more insightsThe global shift towards electric vehicles (EVs) has wholly infiltrated Africa's vehicle market, sparking a movement of emobility in the region. The transition away from fossil fuels is buoyed by urbanization, growing environmental consciousness, and the desire to diminish dependence on oil. As the African economy develops, the demographical shift...
Discover more insightsCommercial vehicle industry's trajectory is shaped by several key factors. Technological advancements are steering innovation with the development of electric and autonomous vehicles. Climate policies and environmental considerations are prompting a push for greener, more sustainable solutions. Markets with ageing vehicle fleets are witnessing higher demand for replacements, and in...
Discover more insightsIn the recent years, the Light Commercial Vehicle (LCV) sector has been experiencing significant growth powered chiefly by shifting business and consumer behaviors. The trends including urbanization and increase in e-commerce activities have bolstered the need for last-mile delivery services, substantially boosting the demand for these vehicles. Technological advancements and...
Discover more insightsRapid advances in technology have set the stage for heightened activity in the global truck bedliners market. A notable uptick in demand is overwhelmingly due to a surge in sales of pickup trucks and commercial vehicles. These vehicles frequently use bedliners to protect against abrasion and corrosion, increasing the lifespan...
Discover more insightsThe bus market is subject to a variety of global trends, each of which is contributing towards shaping the industry's future. Environmental awareness is a significant driver, given the rising demand for more sustainable, low-emission transportation options. This has led to an increase in hybrid and electric buses production, which...
Discover more insightsInnovations in the realm of technology are rapidly transforming the light vehicle market. The foremost trend is the transition towards electric and hybrid vehicles, facilitated by advancements in battery technology, encouraging manufacturers to invest in electrification. Automated driving systems are another significant development, fostering increased demand for driver assistance technologies....
Discover more insightsCurrent trends in the Automated Manual Transmission (AMT) industry reflect the overall growth of the commercial vehicles sector, driven by technological advancements and efficiency requirements. The shift towards more automated processes in vehicle operations has led to an uptick in AMT integration, with benefits such as improved fuel efficiency, ease...
Discover more insightsRecent years have witnessed a burgeoning focus on technological transformations in public transportation, primarily driven by the global push towards efficient, sustainable, and convenient transit systems. Notably, the aspect of bus door system has gained attention, as it considerably influences the safety, accessibility, and efficiency of public buses. Stakeholders are...
Discover more insightsThe commercial vehicle industry operates under intricate market dynamics, shaped by a confluence of technological, economic, and regulatory forces. Its growth trajectory is largely steered by pivotal trends such as telematics, electrification, and autonomous driving technology. The perpetual drive for efficiency and carbon-neutral goals incites manufacturers to continually invest in...
Discover more insightsDriven by environmental concerns and advancements in technology, the global bus transport sector is evolving rapidly. Electric and autonomous buses are becoming more prevalent as countries strive to reduce their carbon footprints. Smart transit systems are emerging, leveraging data analytics and IoT technologies for enhanced operational efficiency and passenger experience....
Discover more insightsSeveral factors contribute to the upward trajectory in the pickup truck segment globally. Fundamental among them is the increasing consumer preference for versatile vehicles that offer both passenger comfort and load-carrying abilities. Besides, infrastructural development in emerging economies demands robust vehicles, while enhancement in purchasing power is making pickups an...
Discover more insightsFollowing significant technological developments, boosted by a global push towards safer roads and increased efficiency, Advanced Driver Assistance Systems (ADAS) technology in commercial vehicles has advanced rapidly in recent years. Groundbreaking radar technologies prove to be a game-changer in this part of the automotive sector. These technologies facilitate real-time analysis...
Discover more insightsThe truck industry has been witnessing a series of changes lately, resulting in fluctuations in the revenue trends. From declining sales due to global economic slowdown and pandemic-led disruptions, to rebound boosted by revived demand and market shifts towards eco-friendly vehicles, these variations have been significant. Additionally, advancements in technology,...
Discover more insightsThe commercial vehicle industry, characterized by diverse applications across various sectors, faced unprecedented disruption as COVID-19 unfolded. However, as the economy rebounds, the sector is identifying and harnessing opportunities arising from the new normal. The industry is striving to recover supply chain operations, implement stringent safety protocols, adapt production processes...
Discover more insightsThe market for commercial vehicles in India is shaped by various dynamics. Demand growth in this segment is primarily driven by infrastructure development, urbanization, and the thriving e-commerce industry. Regulatory policies, particularly those aimed at boosting environmentally friendly vehicles, also play a decisive role. When evaluating these drivers, one should...
Discover more insightsEmerging markets hold potential for countless sectors, light vehicle leasing being one. These markets are characterized by growing urbanization alongside rising middle-class prosperity, key demographic shifts that induce demand for various goods and services. As dense traffic and related environmental concerns amplify, preferences are shifting from owning vehicles to leasing...
Discover more insightsOver the recent years, manufacturing dynamics of the automotive sector have been through significant changes, all of which inevitably influenced the commercial vehicles market. Key factors have been the pursuit of cost efficiencies, advent of innovative production methodologies, and integration of advanced technology within manufacturing processes. This transformational shift has...
Discover more insightsA notable rise in the deployment of retarders, indispensable safety components that mitigate brake wear and enhance control over commercial vehicles, is increasingly evident. This growth is driven by both regulatory demands stipulating higher safety standards and operational requirements for more efficient fleet management. Simultaneously, continuous technological innovations in retarders...
Discover more insightsSeveral key factors influence the dynamics of the global busbar market. Firstly, increasing industrialization and urbanization activities worldwide are creating a growing necessity for reliable electric power infrastructure. Busbars, as integral constituents of this infrastructure, which facilitate the consistent and efficient distribution of electricity, have thus seen their market surge....
Discover more insightsAdvanced Driver-Assistance Systems (ADAS) significantly improve motorists safety and efficiency on the road. These car systems, which harness technologies including sensors, cameras and AI, perform tasks ranging from issuing alerts about potential hazards to auto-braking. This evolution in vehicle functionality has received an amplifying interest, and by extension, a promising...
Discover more insightsThe global commercial vehicle market faced immense disruptions during the COVID-19 pandemic. Strict lockdowns, halting of manufacturing processes and interrupted supply chains led to a severe contraction in the sector. However, the accelerated demand for freight and supply due to burgeoning e-commerce trade, facilitated a partial recovery. Although a historic...
Discover more insightsThe increasing focus on public hygiene and urban development initiatives, along with the progressive environmental mandates, paved the way for sweeper trucks increased usage. The capacity of these vehicles to efficiently clean diverse terrains with minimal manual intervention is crucial for municipal corporations worldwide. Industries and large establishments are also...
Discover more insightsIn recent years, the trucking industry has been undergoing a wave of significant changes. Economic factors, such as regional development, global trade dynamics, and fluctuating fuel prices, are continually shaping and shifting the market landscape. There has also been a strong push towards reducing carbon emissions, leading to enhanced interest...
Discover more insightsThe global semi-trailer industry has been experiencing a paradigm shift due to significant advancements in technology. A growing demand in sectors such as construction, defense, and transportation has fuelled this trend. Furthermore, the upsurge in e-commerce, driven by consumer preferences for online shopping, has led to increased freight transportation, indirectly...
Discover more insightsThe light-duty trucks and van market has been experiencing dynamic changes recently. Advances in digital and autonomous technologies are starting to ripple through the industry, shaping new trends in the automobile sector. Furthermore, an increased focus on sustainability and green operations has brought forward electric and hybrid models, which are...
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