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06 Jun 2023  |  Global  |  Market Outlook

Automotive Outlook, 2023

Easing of Chip Shortage Crisis, Increasing Electric Vehicle Adoption, and Improving Macroeconomics to Drive Light Vehicle Sales by 3.3%

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Global light vehicle (LV) sales reached 79.9 million units in 2022, registering 1.3% lower sales than in 2021. China was the top-selling market with 25.7 million units, ahead of the United States at 13.9 million and Japan at 4.1 million. The Russo-Ukrainian War resulted in production delays owing to part supply delays and semiconductor shortages, l...

23 Jul 2019  |  Global  |  Market Research

Global Vehicle OEMs’ New Online Retail Strategies, Forecast to 2025

Online Vehicles Sales are Expected to Comprise 5% of Global Vehicle Sales by 2025, With China as a Leading Market

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The definition of online retail in this research service refers to when a vehicle is purchased (part payment as a down payment/outright purchase) through an online portal, without interaction at a physical dealership; in this case, the sale is considered to be an online sale. The global online retail scene is prevalent in regions such as the United...

China’s automotive industry aims to achieve robust future growth. The government is expected to support the sales environment and strengthen PV production activity through further Belt and Road Initiative collaboration. OEMs are likely to improve their market shares in the long term. The export sale of passenger vehicles (PVs) grew by 34.0% - f...

Since 2001, HYUNDAI-KIA Motor Company (HKMC) has shown tremendous growth in performance across the global market. Whilst the traditional automakers were showing signs of trouble during the economic crisis of 2008, HKMC has shown an incredible growth trend not only with the HYUNDAI brand, but also the KIA brand. The main drivers behind the success o...

16 Jul 2019  |  North America  |  Market Research

Digital KPIs Transforming the Automotive Industry

Customer-centric Metrics at the Forefront of Performance Assessment as Companies Embrace Digitization and Expand into New Monetization Avenues

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The automotive industry as we now know it is undergoing a distinct, irreversible shift. Nothing is the same it was five years ago. Companies continue investing in new technologies that will enhance their customer-facing applications and their internal efficiencies. However, when it comes to measuring their performance as an organization or to asse...

Companies in the global automotive industry are moving aggressively toward alternative fuel technologies. Some of these include bio-diesel, Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG), hydrogen fuel cells, electric vehicles, and hybrid electric vehicles. The intention of this shift is to primarily to reduce harmful emissions from ve...

A digital twin is a virtual replica of a product, system, or process. Geopolitical tensions arising as a result of the COVID-19 pandemic, trade disputes, wars between countries, and other factors have prompted automakers and their suppliers to employ digital technologies to minimize operational disruptions, reduce costs and resource utilization, re...

Indonesia is a key automotive contributor in the Association of Southeast Asian Nations (ASEAN) region in terms of sales volume. However, the country has just begun to enter the field of the electric powertrain. The Indonesian population has started to become more aware of electric vehicles (EVs) leading to an increase in sales. In 2019, 24 electri...

27 Dec 2018  |  Asia Pacific  |  Market Research

ADAS Market for Passenger Cars in China, 2017–2025

ADAS Sales to Achieve 69.4 Million Units by 2025 in China

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Key Issues Addressed Key Benefits

In 2017, the Advanced Driver Assistance System (ADAS) market for passenger cars recorded 15.5 million in unit sales. The market is expected to experience rapid growth at a compound annual growth rate (CAGR) of 20.6% during 2017–2025. Sales volumes are likely to increase to 69.4 million units in 2025. As an emerging market, the ADAS market for pass...