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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
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...
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26 Aug 2016  |  Global  |  Market Research
Eight Transformational Trends Influencing the Global Trucking Industry’s Growth Trajectory
Green, Safe, Connected, and Smart Technologies Enabling Transition from Product- to Service-Based Business Model
Technological, demographic, environmental, and geopolitical shifts are altering the commercial truck market globally. Integration of digital technologies primarily for resource management and total cost optimization will result in the evolution of truck technology from basic telematics services to advanced traffic modeling, weather prediction, and ...
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09 Jun 2020  |  Global  |  Market Outlook
Global Medium/Heavy-duty Commercial Vehicle Market Outlook, 2020
A Global Recession, Induced by the COVID-19 Pandemic, is Expected to Reduce MD/HD Truck Sales by 28.5% Y-o-Y, with Moderate Recovery in the Latter Half of the Year
In 2019, global heavy-duty truck sales grew strongly in North America and South America and moderately in Europe and China, while declining in India. Currently, the COVID-19 pandemic is causing a wide-scale global supply chain disruption in all industries. The impact will be strongly felt across the US and European MD-HD markets, with a decline in ...
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26 Oct 2018  |  North America  |  Market Research
Global Commercial Vehicle Electrification Potential and Trends, Forecast to 2025
Drop in Battery Pack Price Below $100/kwh Compounded by Slew of eTruck Product Launches to Capitalise on Subsidies are Poised to Push Electrification in MD & HD Truck Segment to 11.1% by 2025 Translating to 250,000 Market Opportunity
GHG emission regulations are ever strengthening in North America, Europe, and China. Climate change concerns among the public is especially propelling the automotive industry to reduce carbon footprint. Countries are looking for options to improve air quality in their communities and to contribute to mitigation of global climate change through elec...
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21 Nov 2019  |  Global  |  Frost Radar
Frost Radar in the North American Autonomous Trucking Technology Enablers Market
A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines
North America is the world’s second-largest commercial vehicle market based on annual unit sales. Commercial vehicles play a major role in determining the purchase price of consumer products: about 65% of the region’s freight is transported by road. The industry has been affected by fluctuating freight rates and significant driver shortages. Accord...
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14 Jul 2021  |  North America  |  Market Research
North American Light Commercial Vehicle Growth Opportunities
The Overall LCV Market in North America is Expected to Grow to 5.0 Million Units by 2025, with New Product Development in EVs Helping it Achieve a Penetration of 6.2%
The overall light commercial vehicle (LCV) market in North America was at 3.74 million units in 2020 with pickups contributing 88% of those volumes. Within the LCV segment, the lower weight segment, class 1/2a (
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15 Sep 2016  |  North America  |  Market Research
Autonomous Trucks Foundation Technologies Ushering New Era in Commercial Trucking
Automated Mobility Signifies the Next Frontier of Competition
Frost & Sullivan's research service on the building block technologies towards an autonomous truck provides detailed market and technology trends, challenges, and forecasts from 2015 to 2025. The study identifies and analyzes the key technologies (sensors, connectivity/communication, driveline, and algorithms/software) that will enable a level 3 au...
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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
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...
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09 Nov 2022  |  North America  |  Market Research
Market Potential for Level 4 Autonomous Trucks in the United States—Last-mile B2C Delivery
Transformational Growth of Autonomous Vehicle Adoption to Result in 31.4% Autonomously-driven Last-mile B2C Deliveries in 2040
Autonomous trucks are the next logical step to overcome logistics bottlenecks and match pace with the rapidly changing freight carriage ecosystem. Unlike human drivers, who must limit their operating hours to remain safe, autonomous systems can operate trucks 24-7, increasing commodity flow in the freight value system. Several leading automotive OE...
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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
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...
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