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In this report, Frost & Sullivan studies the light commercial vehicle (LCV) and medium and heavy-duty (M&HD) truck segments for six regions: North America, Europe, China, India, Latin America, and the Association of Southeast Asian Nations (ASEAN). The study period is 2022–2023, with 2022 as the base year and 2023 as the forecast year. We segmen...

The global medium- and heavy-duty (MD-HD) truck market is evolving rapidly as a result of dynamic product changes as a result of emission standards, shifting the onus to research and development in the powertrain space. Turbocharging technologies will play an increasing role in powertrain strategies as power density and fuel efficiency challenges b...

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...

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%

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Key Issues Addressed

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 (

21 Jul 2016  |  North America  |  Market Research

Global Heavy-duty Truck Platforms Driving Growth Opportunities

Average Number of Global Platforms per OEM to Rise from 2.2 to 2.8 by 2025

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Platform-based production has gained importance among truck manufacturers in recent years. It offers improved margins due to increased scalability, as well as multi-regional presence. Nearly half of the total number of heavy trucks produced globally will be platform-based by 2025. OEMs are expected to start focussing on global platforms, shifting f...

Mega trucks are seen as a solution to growing problems faced due to road congestion and emissions by reducing the need for more conventional sized trucks on the road. They also lower cost per ton for fleets along with addressing growing freight demand. However, significant obstacles lay ahead of implementation of mega trucks with serious questions ...

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...

The global transmission market for heavy-duty (HD) commercial vehicles has changed drastically in the past few years. Manual transmission (MT) was the go-to option for all drivers in the North American market due to its robust gears, the expertise required, and low initial cost. However, drivers—especially those new to the industry—have embraced au...

06 Mar 2018  |  North America  |  Market Outlook

Global Connected Truck Telematics Outlook, 2018

Pacing Truck Digitization, Regulatory Drivers, and Pan-European Expansion Will Propel the Installed Base to Surpass 25.7 Million by 2018

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Key Issues Addressed

This study aims to analyze the global connected truck (commercial vehicle telematics) market for 2018. To start with, it offers a brief discussion on the global economic overview (predictions, growth index, fastest-growing economies, GDP growth). The focus is on market trends, and the key trends under study include the entry of non-traditional tele...