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Battery swapping stations are an important component of the $40 billion electric two-wheeler industry. The battery swapping market is in the growth stage and moving toward consolidation. The food delivery and courier, express, and parcel industries have been making the move to electric mobility fleets, most notably with the use of two-wheelers,...

The automotive industry has evolved from implementing circular economy practices only at the process level to adopting them at all parts of the value chain. This research service provides insights into strategies adopted by automotive original equipment manufacturers (OEMs) to align with circular economy goals in each stage of the automotive lifecy...

This growth insight is part of an ongoing quarterly tracker that monitors the trends and the developments in the automotive market in Asia-Pacific's Cambodia, Laos, and Myanmar. It uses multi-level secondary as well as primary sources for data collation. This includes country-level official associations/federations, government authorities, country...

India is home to 107 automotive unicorns, making it the third-largest start-up ecosystem in the world. Over the past 3 years, the country witnessed the establishment of an estimated 30,000+ start-ups and a consolidated inflow of more than $50+ billion. Seed, angel, venture, and private equity funds, along with government, incubator, and accelerator...

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...

In 2019, the Latin American economies faced several challenges, including generalized social unrest, economic crises in some countries, and political instability, all of which had a certain impact on local light vehicle (LV) markets. From 6.1 million units commercialized in 2018, the market fell by 5.0% to merely 5.8 million units in 2019, far from...

This Frost & Sullivan study offers strategic insight into the Dutch 2W market. It covers the internal combustion engine vehicle (ICE) and the electric segments, which are subsegmented into motorcycles and mopeds, as scooters generally fall under the motorcycle category. Mopeds are further subdivided into light mopeds (maximum speed limit of 25 km/h...

The increasing rate of urbanization and growing traffic in major cities around the world have opened up new opportunities for micro-mobility transportation. One such emerging mico-mobility option is the quadricycle. This study aims to provide a strategic overview of the quadricycle industry, identifying and examining the factors contributing to the...

Automotive market participants have realized that the future of the automotive industry lies in the direction of electric vehicles, and hence are investing heavily in developing their own electric vehicles. After the disruption initiated by Tesla, many startup companies are developing electric vehicles and challenging mainstreams original equipment...