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The Indian Government’s infrastructure spending will be a top growth driver for light commercial vehicles (LCVs) in the country. Government spending on the development of roadways, highways, and industrial corridors has created new opportunities. Electrification in LCVs can reduce operational costs and increase payload capacity. Technology-focused...

Frost & Sullivan expects the overall light commercial vehicle (LCV) market to reach 2.4 million units by 2032. This market is on track to achieve a compound annual growth rate (CAGR) of 2.9% between 2023 and 2032. Electric vehicle (EV) penetration will increase to reach 60.0% during this period, up from 6.9% in 2023. The overall size of the LCV ...

The automotive industry is experiencing a rapid evolution driven by the integration of alternative powertrain technologies into vehicles. With the proliferation of low- to zero-emission cars, the case for reducing emissions even further has become stronger with the introduction of electric light commercial vehicles (CVs). Governments and regulator...

18 Dec 2024  |  South Asia, Middle East & North Africa  |  Market Research

Electric Vehicle Charging Infrastructure, India, 2024-2030

Charging Infrastructure in India is Experiencing Transformational Growth Due to Upgrades to Fast Charging Points and Sophisticated Battery Technology

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This Frost & Sullivan report assesses the current status of electric vehicle (EV) charging infrastructure in India and identifies future charging requirements by region and state. While the development of charging infrastructure in India is still in its early stages, it is growing rapidly to meet the increasing demand, as consumer preference for EV...

Frost & Sullivan s Business Strategy and Innovation Group specializes in research about current events, disruptive technologies, emerging trends, new forms of mobility, and megatrends influencing the mobility landscape. This report presents Frost & Sullivan s Top 50 predictions on the trends that will drive the global mobility industry in 2024. ...

This Frost & Sullivan report on the European brake component aftermarket industry covers classes A to F, MPV SUV, vans, and pick ups (passenger cars and light trucks) in 27 countries of the European Union as well as the United Kingdom. The study examines the volume (154.6 million units) and value ($3.85 billion) of the industry. The analysis includ...

This research delves into the private labeling in the automotive component industry, focusing on passenger vehicle and light truck classes 1 3 in North America and classes A F (multi-purpose vehicles, sports utility vehicles, vans, pick-ups) in Europe with a focus on imports from best cost country (BCC) markets in Asia. Using a base year of 2023, t...

Both China and Europe experienced significant growth in LCV and M&HD truck sales in 2023, mainly driven by a low base affect. Other emerging markets faced a challenging year, with India and ASEAN specifically contracting in LCV sales and with LATAM s M&HD truck sales declining substantially in 2023. After a difficult 2022, Chinese OEMs reemerged in...

30 May 2024  |  Global  |  Market Research

Growth Opportunities in the South African Connected Truck Telematics Industry

Despite Multiple Local Challenges and Geopolitical Uncertainties, South Africa Presents Significant Growth Opportunities in the Light Commercial Vehicle Segment

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South Africa's commercial vehicle telematics industry exhibits significant growth potential, particularly in the basic track-and-trace segment. With the integration of affordable enhancements, opportunities to expand into mid-tier and advanced solutions will open up. In addition to the ongoing energy and utilities challenges, governmental regulator...