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This Frost & Sullivan analysis examines key changes characterizing the South Korean light commercial vehicle (LCV) and medium- & heavy-duty (M&HD) truck market. The trucking industry, dominated by legacy companies that are resistant to change, has attracted interest from tech-savvy start-ups in recent years. These young companies are using advanced...

The overall commercial vehicle volume in ASEAN is expected to reach 1.7 million units by 2030, growing at a CAGR of 7.9% between 2020 and 2030. The region has experienced rapid industrialization, moving away from agriculture and toward manufacturing of electrical and electronic components and machinery. Post the pandemic, there has been a revival i...

Japan’s commercial vehicle market remains a vital pillar of its industrial economy, underpinned by a mature automotive ecosystem, advanced manufacturing capabilities, and a strong domestic supply chain network. The sector continues to be dominated by leading domestic OEMs such as Toyota, Suzuki, Isuzu, and Hino, which together command significant m...

The Vietnamese engine oil aftermarket, comprising passenger vehicles and light commercial vehicles is likely to have a compound annual growth rate (CAGR) of 7.6% between 2015 and 2021, growing from 2.6 million liter in 2015 to 4.1 million liter by 2021. Both new vehicle sales and vehicles in operation are expected to experience rapid growth. New ve...

India’s electric vehicle (EV) market is expected to experience robust growth between 2025 and 2032, driven by supportive government policies, localization initiatives, technological advancements, and increasing consumer acceptance. The market transformation is being shaped by three key strategic imperatives: competitive intensity, transformative me...

20 Aug 2015  |  Asia Pacific  |  Market Research

Strategic Analysis of Chinese Light, Medium, and Heavy-Duty Commercial Truck Market

Chinese Truck Sales to Increase by 1 Million Units During 2014–2022

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The research provides an outlook of the commercial truck market for China. It covers light, medium, and heavy-duty commercial truck segments. The research discusses market activities outlining the major developments in 2014, impact of regulation on advanced truck technologies, key growth factors, major influencer in product planning, key customer i...

In this analysis, Frost & Sullivan examines the commercial truck industry in China, focusing on the light, medium, and heavy-duty commercial truck segments. Commercial trucks are crucial in various areas in China, such as manufacturing, agriculture, forestry, mining, construction, transportation and warehousing, wholesale, and retail, contributing ...

05 Apr 2021  |  Asia Pacific  |  Market Research

City Strategies and Innovative Mobility Solutions Driving the Future of Melbourne as a Smart City

Future Growth Potential Enhanced by Growth Opportunities in Shared and Connected Mobility Solutions

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Melbournes economy was badly hit due to the COVID-19 pandemic, leading to shutdowns, job losses, and a population migration away from the city in search of new prospects and to reduce the risk of infection. The city has, however, developed a comprehensive strategy for recovery with over $50 million investments made in rapid response initiatives sin...

The car sharing market in China has approximately 30 active operators. These companies are operated by automotive original equipment manufacturers (OEMs), transportation companies and start-ups. The top 5 operators—EVCard (by SAIC Motor Co., Ltd.), Weigongjiao (by Geely), GoFun (by Beijing Shouqi Group Co., Ltd.), MoreFun (by BAIC Mobility Co., Ltd...