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The global commercial vehicle market witnessed a decline in sales volumes in 2024, more so in the medium and heavy-duty truck segments than in light commercial vehicles (LCVs). Various regional markets had an oversupply, leading to a fall in truck demand. ASEAN, China, and India experienced a significant decline in LCV sales volumes, following stro...

25 Mar 2025  |  Global  |  Technology Research

Top 10 Sensing Technologies in the Automotive Industry

Camera Sensors and Position Sensors Will Significantly Impact the Automotive Industry

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The automotive market is growing rapidly with fast-paced innovations and consumer demand. With an increased focus on comfort, convenience, safety, vehicle emissions, and other global standards, the global automotive sensors market too is experiencing an exponential growthSeveral countries have set up regulations and standards to be met before a veh...

Traditional carsharing refers to short-term vehicle rentals where users can pick up and return vehicles either at fixed stations (station-based) or at flexible locations within a designated area (free-floating). In this model, carsharing operators typically own and manage the vehicle fleets. Zone-based operators primarily support station-based serv...

The construction and agricultural equipment market is expected to experience moderate growth in the North American market and moderate-to-strong growth in the European market until 2030. Investments in residential, urban, and transportation infrastructure will drive sales of compact construction equipment, while the consolidation of farms (both in ...

The global school bus industry continues to experience moderate growth, driven by the ongoing replacement of aging fleets and the expansion of educational infrastructure. North America maintains the largest share of the market, with robust demand in India and China. In the United States, the regulatory landscape for clean transportation is undergoi...

03 Sep 2025  |  Asia Pacific  |  Market Research

Passenger Vehicle Autonomous Driving Market, China, 2024-2030

Navigate on Autopilot Accelerates the Shift Towards Autonomous Driving

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An autonomous vehicle requires either partial driver assistance or may achieve fully autonomous driving. These vehicles operate through the coordinated integration of artificial intelligence (AI), computer vision, radar systems, monitoring devices, and GPS.The autonomous driving market in China is experiencing rapid growth, with market penetration ...

The passenger vehicle driveline landscape is undergoing a transformation due to the rapid adoption of ZEVs and stricter emissions regulations. From 2025 to 2032, the global driveline market value is projected to increase from approximately $26.1 billion to $62.3 billion at a compound annual growth rate of 13.2%, fueled by electrification in major a...

Globally, many cities are making concerted efforts to shift away from car dependency toward greener, shared, and electrified transport solutions. As the willingness of people to use shared mobility apps increases, governments and cities are enacting policies to reduce carbon emissions, decrease congestion, and promote sustainable transport options....

02 Sep 2025  |  Global  |  Market Research

Global Off-Highway Equipment Industry Outlook 2025

Shifting Customer Behaviors Spurred by Economic Uncertainties Will Drive Collaboration Among Stakeholders

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Economic uncertainties caused by the Russo-Ukraine conflict and trade wars have significantly affected OEM operations, supplier confidence, and consumer purchase decisions in the off-highway equipment industry. While these challenges are expected to delay economic recovery, government investment programs, subsidies, and bilateral trade agreements a...