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This growth insight is part of an ongoing quarterly tracker that monitors the trends and the developments in the Singapore automotive market. The study employs multi-level secondary and primary sources for data collation, including country-level official associations/federations, government authorities, country subject experts, and third-party sour...

The Thailand connected trucks telematics market showed significant slowness due to the COVID-19 pandemic, despite which the industry has shown resilience and indications for growth mainly in the transport and logistics sector. The telematics industry is further attributed by the support of government and department of land transport who regulate us...

Regional economic integration, free trade agreements, e-Commerce, and digitalization are some of the key drivers expected to transform the logistics industry in the South East Asian region. With high growth projected for Indonesia, Thailand, Vietnam, and the Philippines, trade and domestic demand growth will drive the growth of the transportation a...

India's EV charging infrastructure market is experiencing a major transformation, fueled by the nation's shift towards sustainable transport and the adoption of clean energy. This sector is crucial for enabling the electrification of transportation, which will help decrease reliance on fossil fuels, reduce urban pollution, and aid national decarbon...

China’s passenger vehicle navigation on autopilot (NOA) market is entering a phase of accelerated commercialization, scaling from 2.4 million units in 2025 to 15.0 million by 2032, reflecting a strong 29.8% CAGR. This surge marks a decisive transition from early-adopter experimentation to mass-market deployment, fueled by factory-fitted hardware st...

China's medium- and heavy-duty truck turbocharger aftermarket is entering a mature yet resilient phase, supported by a vehicle parc exceeding 10 million units and sustained replacement demand despite increasing battery electric vehicle (BEV) sales. While turbocharger penetration is nearing saturation, the market continues to generate stable revenue...

Micro mobility is a small vehicle that accommodates 1–2 passengers. At present, many micro mobility models are not allowed on public roads in Japan, as they do not fall under any existing vehicle category. However, social experiments are being conducted in many cities to test the feasibility and usage of micro mobility. This study explains the case...

Companies view vehicle leasing as a solution to the growing number of challenges they face in their mobility needs. These include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling. Businesses focus on their core products or services and seek to outsource support activities. Mobility is a ...

31 Jan 2020  |  Asia Pacific  |  Market Research

Light Vehicle Leasing Market in South Korea, Forecast to 2023

While Favorable Policies Create a Mature Leasing Market, Rising User Demand Causes Leasing Companies to Evolve into End-to-End Mobility Providers

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Fleet registration is expected to grow, aided mainly by registrations in the company car fleet. Company cars, which are provided mainly for work purposes in South Korea, are experiencing increased demand from industries and corporate firms. Leasing, comprising operational leasing and financial leasing, is the major sourcing channel for company cars...