Search results for: 'projection'

GCC nations are actively reducing their reliance on oil-driven economies, recognizing the need for diversification as populations grow and oil resources alone cannot sustain future development. From 2011 to 2021, fossil fuel dependency saw a decline, with the UAE leading the shift by reducing oil’s share to less than 30% of its GDP by 2023. Economi...

Total demand for select construction and mining equipment market in India was found to be 105,811 units in FY2013. The market for new C&ME is likely to grow at a CAGR of 9.6% to 166,876 units in FY2018. Large allocations by government to public projects such as NHDP, Metro, and BRTS in India and strong emphasis on construction and real estate is li...

The research study provides a detailed overview of India’s electric two-wheeler (E2W) industry, covering current and upcoming market trends, relevant government regulations, charging infrastructure, key OEM profiles and their growth strategies, and a snapshot of product sales. It provides industry annual sales projections to 2026 based on forecast ...

15 Sep 2025  |  South Asia, Middle East & North Africa  |  Market Research

Category Management: Class 1-3 Thermal Management Components Aftermarket, India, 2024–2031

Engine and Cabin Thermal Management Systems in the PV and LCV Industries is Experiencing Transformational Growth due to Technological Progress and High Utilization Requirement

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The Indian passenger vehicles (PV) and light commercial vehicles (LCV) market has experienced steady growth since the COVID-19 pandemic and is projected to continue expanding in the future. In addition, the total number of vehicles in operation (VIO) has increased, particularly among vehicles that are over 10 years old. This trend suggests a longer...

This Frost & Sullivan research service assesses growth opportunities in the Indian shared mobility market: ride hailing, car sharing, ride sharing, bike taxi, scooter sharing, bike sharing, rickshaw sharing, and demand-responsive transit (DRT). It dives deep into the approaches that market participants take toward achieving end-to-end mobility solu...

The GCC automotive market was severely affected by the economic downturn arising from decline in oil prices. The region is however aiming to diversify its economy to decrease its reliance on the oil sector. This will prevent the oil price from having such a significant impact on its economy. Commercial vehicle (CV) sales have dropped year after ye...

11 Dec 2020  |  South Asia, Middle East & North Africa  |  Market Research

Intense Competition among Dealers and Distributors Reshaping the Gulf Cooperation Council (GCC) Bus Industry

Government Efforts and Initiatives to Develop Infrastructure and Boost Tourism Fuel Growth Strategies

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Key Issues Addressed

The GCC bus industry is expected to grow at a compound annual growth (CAGR) of 3.6% by 2025. Industry sales have been severely impacted by the economic downturn, resulting from decline in oil prices due to the OPEC Agreement. Moreover, the COVID-19 pandemic is having a major effect on GCC bus industry sales, which are estimated to decline by 19% in...

India’s commercial vehicle sector is undergoing a profound transformation as the country transitions toward electric mobility to reduce carbon emissions and improve energy efficiency. The electrification of medium- and heavy-duty trucks (MDTs and HDTs) is gaining momentum, driven by favorable government policies, declining battery prices, and the g...

13 Jul 2021  |  South Asia, Middle East & North Africa  |  Market Research

GCC Light Vehicle Aftermarket Outlook, 2021

Innovative Business Models Propels Future Growth Potential

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In 2020, the Gulf Cooperation Council (GCC) region faced significant challenges due to the COVID-19 pandemic and oil price crash. Gross domestic product (GDP) in GCC nations contracted by 5%–10% in 2020. The GCC population dropped by 3%–5% due to expatriate exodus. Every industry and sector faced multiple disruptions. The GCC light vehicle aftermar...