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The rise of centennial humans highlights a structural shift in demographics, economies, and care, driven by longer life expectancy and advances in healthcare. The global population is aging rapidly, with centenarians increasing at a faster rate, especially in aging societies such as Japan and parts of Europe, and gradually in countries such as Indi...

Automotive sales in 2021 continued the seismic shift to electric vehicles (EV) that began in 2020, defying even the most bullish estimates as global EV sales grew by more than 100% year over year (YoY) with close to 6.7 million units sold to achieve 8.9% penetration in the passenger car market. China and Europe led the way, closely followed by the ...

The study provides an overview of the off-highway equipment market in China, with a specific focus on construction, mining, and agriculture.China has a large population of 1.4 billion people, a vast geographical area, and rich natural resources. Key activities such as infrastructure construction, mining, and agriculture have improved the country’s ...

Collaborations between OEMs, rental companies, digital solution providers, battery manufacturers, utility companies, dealerships, and technology companies are creating a new wave of solutions that enhance the customer experience. These synergies are driving innovation, creating a sustainable environment. Customers are beginning to prefer renting/sh...

21 Dec 2022  |  Europe  |  Market Research

European Off-highway Equipment Industry Growth Opportunities

Sustainability Targets and a Looming Energy Crisis Will Affect Electrification and Digitization

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Sustainability targets and the requirement to reduce operational costs, maintenance costs, and equipment downtime have increased the need for synergies across the off-highway value chain in Europe. The requirement for electric charging and hydrogen fuel infrastructure increases and the need to digitize processes becomes more urgent, thus pushing to...

This series gives an overview of the recent developments and transformative trends developing globally as an alternative funding mechanism driving the start-up economy. It creates direct opportunities for companies in sectors such as ICT, business and financial services, health, medical devices and life sciences, supply chain and logistics, retail,...

The human-machine interface (HMI) market for heavy commercial vehicles (HCVs) in Europe and North America is undergoing rapid transformation, driven by regulatory mandates, automation, and connected interface innovation. The convergence of software-defined vehicle (SDV) architectures and advanced driver-assistance systems (ADAS) is accelerating the...

Over the past 5 years, more off-highway (agricultural, construction, and mining) equipment rental companies, shared platform providers, and service relationship management companies have been providing customers with solutions that address labor shortages, inventory management needs, and high operational and maintenance costs, creating significant ...

Advanced driver assistance systems (ADAS) and autonomous vehicles (AVs) use radars as an integral part of the perception sensor suite to gather surrounding information and make logical decisions through artificial intelligence-based sensing and perception algorithms for autonomous driving features. Adaptive cruise control, automatic emergency br...