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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...

In the last 5 years, the Chinese government has tightened vehicle data collection, data protection, data privacy, and cybersecurity through a series of laws and regulations. Frost & Sullivan recognizes that all electronic hailing (eHailing) platform providers in China must assess these regulations and update their business operations and strategies...

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 global automotive industry is being completely redefined, from what goes into an automobile to how raw material is mined for production. Every underlying tenet of the industry is changing as the world strives toward sustainability, consumer preferences evolve, and data grows in abundance and significance. This comprehensive Frost & Sullivan...

This study assesses the overall two-wheeler (2W) market in the United Kingdom, comprising both internal combustion engine (ICE) and electric motorcycles. The objective of this study is to look at factors that are transforming the 2W space and how the UK market is positioning itself to transition toward electric solutions. The study moves from a ...

The global 2W lubricants industry is growing at a steady pace due to rising demand for 2Ws as personal transportation and the emerging trend in leisure motorcycling. This 2W lubricants analysis study covers engine oil, brake fluid, gear oil, chain lube, and coolant, which are considered to be the major types in 2W lubricants. The report covers spec...

This research service offers a profile of Grab in Southeast Asia with focus on Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company profile comprises achievements, recent developments, statistics and financials, platform strategy, service offerings, total workforce, decision-making hubs, the organiz...

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...

This market research provides a detailed analysis of the future trends in the global super luxury vehicles market. Super luxury vehicles are defined as the vehicles that cost above $90,000, with high-end luxury features such as comfortable interior seating, comfort suspension, and powerful powertrain. They are broadly classified into the following ...