Search results for: 'Platforms for ESG-based Growth Strategy'

PACCAR Inc is expected to increase its medium- and heavy-duty truck unit sales at a compound annual growth rate of 4.8% from 2016 to 2025, which will help it maintain its share of the global truck market. While rising unit sales will not be the key driver for sustained profitability, revenue from services such as telematics-based fleet management s...

Geopolitical crises and high inflation prompted most central banks to raise interest rates in 2022, derailing the post-pandemic recovery. Energy costs increased manifold, impacting demand- and supply-side participants equally. Oil prices reached record highs as countries cut dependency on Russian imports, with the price of Brent crude oil reaching ...

The connected tire market is in the nascent stage but is all set to grow in the upcoming years, powered by the uptake of TPMS, ADAS regulations, and advancing customer demands. Global tire manufacturers are investing in connected tire technologies to develop tire solutions and applications that cater to the future demands of customers in the evolvi...

21 Dec 2022  |  Europe  |  Market Research

European Off-highway Equipment Industry Growth Opportunities

Sustainability Targets and a Looming Energy Crisis Will Affect Electrification and Digitization

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Sustainability targets and the requirement to reduce operational costs, maintenance costs, and equipment downtime have increased the need for synergies across the off-highway value chain in Europe. The requirement for electric charging and hydrogen fuel infrastructure increases and the need to digitize processes becomes more urgent, thus pushing to...

29 Jul 2022  |  North America  |  Market Research

Growth Opportunities in North American Off-highway Equipment

Digitization, Automation, and Cross-industry Synergies Drive Future Growth Potential

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Key Issues Addressed

This research service analyzes the growth of the North American off-highway equipment industry. Government mandates and consortiums, which drive sustainable practices, will enable digital transformation and accelerated adoption of alternate powertrains. The requirement to better monitor and optimize operations and equipment in construction, mining,...

The overall commercial vehicle volume in ASEAN is expected to reach 1.7 million units by 2030, growing at a CAGR of 7.9% between 2020 and 2030. The region has experienced rapid industrialization, moving away from agriculture and toward manufacturing of electrical and electronic components and machinery. Post the pandemic, there has been a revival i...

15 Dec 2021  |  North America  |  Market Research

North American Technological Advances in Trailer Growth Opportunities

Innovative Aero Devices, Smart Trailers, and Trailer Electrification Shape the Market by 2030

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The North American trailer market plays a vital role in the transportation sector. Nearly 75% of all Class 8 trucks are tractors. Each tractor requires a trailer to haul goods. More than 250,000 trailers are produced each year against an average of 162,000 tractors over the same period. The average trailer to tractor ratio ranges between 1.4–1.8, w...

01 Jul 2021  |  Global  |  Market Research

Global Fuel Cell Trucks Growth Opportunities

The Prospect of Fuel Cell Trucks in Hydrogen Economies is Intriguing for Companies That Pursue Zero-emission Mobility Solutions

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Globally, countries are increasingly adopting policies to increase the pace of transition toward zero emission. Governments are evaluating different pathways to achieve carbon neutrality, and investments, and activities in the energy sector are directed around it. Commercial vehicles currently are among the major carbon emitters, with very high per...

16 Dec 2022  |  North America  |  Market Research

Growth Opportunities in Global Fuel Cell Transit and Coach Buses

Future Growth Potential of Fuel Cell Buses Among Fleets will be Influenced by Regional Impetus for Carbon Neutrality

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To meet international climate targets and develop sustainable zero-emission technologies, the mobility industry is expediting the transition to powertrain electrification and gradually reducing dependence on diesel powertrains. In addition to stringent emission norms, subsidies, and tax exemptions, governments are promoting the use of alternative p...