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The confluence of technologies in the trucking industry is providing a platform for various stakeholders to build service and solution-based revenue models. As commercial trucks increasingly integrate telematics devices, a plethora of services beyond tracking, from prognostics to asset management to driver behavior management, are being enabled. Th...

A survey was conducted to understand fleet, asset tracking, and shipment monitoring in the Indian logistics service delivery market. It included decision makers and key influencers of fleet and logistics asset or shipment monitoring associated with multinational and local second-party logistics (2PL), third-party logistics (3PL), and fourth-party l...

Economic recovery post the pandemic, increased demand for freight, and replacement of aging truck fleets will all provide a boost to commercial vehicle (CV) sales in 2021. The shift in last mile delivery will be the most significant trend impacted by COVID-19, resulting in the emergence of tailored last mile delivery solutions that address dynamic ...

Tightening emissions regulations, the Clean Vehicles Directive, and government subsidies increasingly drive European bus operators to purchase electric buses for their fleets. However, putting more electric buses on the road requires sufficient charging infrastructure. Most electric fleets operating in Europe use only depot charging or a combinatio...

11 Jan 2021  |  North America  |  Market Research

Technology Innovation Driving the Transformation of the US Electric Commercial Vehicle Market

Government Incentives and Charging Infrastructure Development by Public and Private Entities to Boost Uptake of Electric Buses and Trucks

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The medium-duty and heavy-duty truck and bus markets in the US are expected to show strong recovery following the major dip in 2020 due to the dire impacts of the COVID-19 crisis on production and sales. However, the crisis is forecast to have a relatively lower impact on the electric truck and bus markets. The electric bus segment shows a slight d...

28 Sep 2020  |  Global  |  Market Research

Digitization and New Business Models Powering the Global Construction and Mining Equipment Market, 2030

Convenience and Reduced Operational Costs Offered by Digital Services to Improve Equipment Utilization and Present Further Growth Opportunities

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The global equipment industry is impacted by growing digitalization trends, trends in the used and rental equipment market, and urbanization. Construction contractors are leaning towards deploying both used and rental equipment as opposed to purchasing brand new ones due to lack of funding and government subsidies, and the liabilities associated wi...

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...

05 May 2017  |  Africa  |  Market Research

African Commercial Vehicles Market, Forecast to 2025

Despite Slowdown, the Market is Expected to Grow at a Robust CAGR of 6.1% until 2025, Driven by Increasing Infrastructure Developments

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The African commercial vehicles (CV) market, despite the slowdown due to low oil and commodity prices, is expected to grow at a compound annual growth rate (CAGR) of 6.1%, largely driven by increasing infrastructural developments and rising urbanisation. South Africa is the largest contributor to the CV market in Africa, with 53% share. However, un...

This research service provides a strategic analysis of the light commercial vehicle (LCV) telematics market in Europe. It discusses the penetration of fleet management solutions (FMS) in LCVs by country and fleet size. The study provides valuable insights regarding market dynamics, trends, challenges, outlook and the different packages offered by F...