Search results for: 'duties'

10 Oct 2024  |  Global  |  Market Research

Commercial Vehicle Market, Saudi Arabia, 2024 2035

Saudi Arabia is Experiencing Transformational Growth by Diversifying its Economy with Vision 2030, Which Focuses on the Automotive Sector, Aiming to Boost Local Manufacturing and Innovation

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Saudi Arabia is undergoing significant economic transformation driven by its Vision 2030 initiative, which aims to reduce dependency on oil and diversify revenue sources. Historically reliant on oil exports, the kingdom is enhancing non-oil sectors to foster sustainable growth. As the second-largest contributor to the Middle East economy after the ...

This research service analyzes the impact of prognostics and Big Data in the medium and heavy duty trucking industry. Discussions cover existing business models of vehicle manufacturers, component suppliers, and aftermarket telematics vendors in Europe and North America. The base year is 2012. Highlights include the demand for prognostics from the ...

This research service analyzes the medium- and heavy-duty (MD-HD) value commercial truck export markets of OEMs with headquarters in China. The geographical scope is global, with the main focus on Africa, Latin America, Asia-Pacific, and the Middle East. The study discusses key export strategies and activities outlining the major developments in 20...

Extruded polyester strapping, commonly known as PET straps, are used in low-, medium-, and heavy-duty strapping applications that require high tensile strength and fast application by the installer. PET straps are twice as strong as PP straps and their strength is comparable to that of steel bands. PET straps are largely used by the cotton industry...

24 Nov 2020  |  Global  |  Market Research

Post-Pandemic Growth Opportunity Analysis of the Connected Truck Telematics Industry

Telematics to Play a Crucial Role as a Productivity Tool During the Pandemic to Sustain Vehicle and Business Efficiency

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Commercial vehicle manufacturers have been affected by steep reductions in sales in 2020. Medium-duty truck sales have fallen by 19.2%, and heavy-duty trucks have dipped by 31.1% from 2019 levels. Nationwide lockdowns and temporary stoppages in commercial transport operations have left fleets floundering, both financially and operationally. Burdene...

11 Dec 2020  |  South Asia, Middle East & North Africa  |  Market Research

Intense Competition among Dealers and Distributors Reshaping the Gulf Cooperation Council (GCC) Bus Industry

Government Efforts and Initiatives to Develop Infrastructure and Boost Tourism Fuel Growth Strategies

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Key Issues Addressed

The GCC bus industry is expected to grow at a compound annual growth (CAGR) of 3.6% by 2025. Industry sales have been severely impacted by the economic downturn, resulting from decline in oil prices due to the OPEC Agreement. Moreover, the COVID-19 pandemic is having a major effect on GCC bus industry sales, which are estimated to decline by 19% in...

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...

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...

India’s commercial vehicle sector is undergoing a profound transformation as the country transitions toward electric mobility to reduce carbon emissions and improve energy efficiency. The electrification of medium- and heavy-duty trucks (MDTs and HDTs) is gaining momentum, driven by favorable government policies, declining battery prices, and the g...