Search results for: 'Transformers 2023'

The global automotive industry is being completely redefined, from what goes into an automobile to how raw material is mined for production. Every underlying tenet of the industry is changing as the world strives toward sustainability, consumer preferences evolve, and data grows in abundance and significance. This comprehensive Frost & Sullivan...

17 Nov 2017  |  North America  |  Market Research

Latin American Commercial Vehicles Market, Forecast to 2023

Powered by Digital Transformation, the LATAM Commercial Trucking Market is Estimated to Record a CAGR of 7.1% During 2016–2023

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The LATAM commercial vehicles market is experiencing a number of transformative shifts that are driven by social, economic, and technology disruptions impacting the region’s logistics, primary economic activities, new regulations aiding for CV fleet renewal, new business models being adopted by OEMs and Tier 1 providers, as well as technology innov...

The charging infrastructure market in Latin America is at an emerging stage, with a reduced number of charging points available. In 2022, for example, there were 6,492 public and semi-public charging points in the region to cater to an electric vehicle (EV) parc of around 89 thousand units. Despite that, it is expected to grow at a fast pace, espec...

Light vehicle sales (passenger and light commercial) account for significant global automotive industry revenue. The global passenger vehicle sales were 57.5 million units in 2022, a 1.9% growth year-over-year. In 2022, China became the world's largest regional automobile market, with 23.6 million units sold; the United States came second with sale...

The Latin American automotive industry continues to grow, despite COVID-19, scarcity of resources and auto parts, the Russo-Ukrainian War, inflation, and exchange rates affecting vehicles’ availability and prices. With 4.4 million units sold and a slow recovery from the pandemic, Latin American automotive expanded by 2.7% in 2022. Ecuador showed...

Vehicle leasing addresses the challenges companies face in meeting their mobility needs, including funding, fleet maintenance, and handling residual risk. In the current market conditions, companies big and small must focus on their core products and services, so they look to outsource all other support activities, including mobility, which require...

Frost & Sullivan’s research service assesses the size of the global medium- and heavy-duty (MD and HD) truck parts and services aftermarket and its growth opportunities from 2022 to 2027. This global study highlights major Class 4–8 truck aftermarket trends with specific regional analysis into North America, Latin America, Europe, Asia-Pacific, and...

Global forklift truck sales are expected to grow 4.7% from 2018 to 2023 due to sustained growth in the top truck markets of North America, Europe, and Asia Pacific. The creation of new infrastructure along with increasing penetration of e-commerce bolsters growth of forklifts in freight and logistics sector. Stricter emission regulations and incr...

Vehicle leasing addresses the challenges companies face in meeting their mobility needs, including funding, fleet maintenance, and handling residual risk. In the current market conditions, companies—both big and small—must focus on their core products and services; therefore, they look to outsource all other support activities, including mobility, ...