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The on-demand business model in the automotive industry is revolutionizing the way customers subscribe to a particular service offered by OEMs. The model allows customers to activate or deactivate a service according to their regional (or custom) requirement. The subscription offered by automakers can be on a monthly, yearly, hourly, per kilometer ...

The commercial trucking market is rapidly transforming with the influx of advanced technologies, data-aided business models, automation, and the need to reduce carbon gas emissions. Though the market experienced a slump during the pandemic in 2020, operators quickly realigned their business models and emerged stronger. During the pandemic, emerging...

The increasing use of blockchain technology will go hand in hand with growing advances in the commercial vehicle industry, especially through digitisation and automation. Key trends such as digital transformation, rise in automation, modern logistics systems, and proliferation of financial technology (fintech) influencing trucking are expected to d...

11 Jun 2021  |  North America  |  Market Outlook

Global Light, and Medium and Heavy Commercial Vehicle Outlook, 2021

Growth Strategies to Aid the Market Rebound from Last Year’s Lows Due to COVID-19, with LCV and M&HD Truck Segments Expected to Grow by 10.3% and 5.9%, Respectively, this Year

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Key Issues Addressed

The trucking industry was not immune to the disruptions in supply chain and falling trade that the global COVId-19 pandemic created. Major markets, such as North America and Latin America, were badly hit, while Europe and India suffered the steepest sales declines. China was the only region to register positive growth across both LCV and M&HD Truck...

30 Sep 2016  |  North America  |  Market Research

Nikola Motor Company—A Disruptive Force in North American Trucking Industry

Company’s Electric Heavy Truck Acting as Harbinger of Heavy Duty Electric Truck Product and Service Introductions

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The North American trucking industry is grappling to find ways to address the Total Cost of Ownership (TCO). Fuel, lease, and repair and maintenance costs are the key components to be tackled which contribute to over half of a truck’s TCO. Nikola Motor Company plans to address this issue through an electric truck that offers sustainable solution to...

The aim of this study is to analyze trailer telematics solutions in North America and present an overview of market growth opportunities and implications. Over the last decade, the logistics industry has undergone transformational changes by adopting effective management and utilization of fleets, manpower, warehouses, and assets. Though the indust...