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The forklift market in the industrial equipment industry has grown significantly in recent years, with a global market size of OEMs reaching $65.5 billion in 2023. Unit sales in electric models reached 1,517,165 units in 2023; Frost & Sullivan projects the figure to increase to 2,599,553 units in 2030 at an 8% compound annual growth rate (CAGR). Fa...

26 Dec 2024  |  Global  |  Market Research

Construction and Mining Equipment Electrification Industry, Global, 2024-2035

Sustainability Targets are Driving Transformational Growth

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Electrification in the construction and mining industry has grown significantly in recent years, with the global market size of original equipment manufacturers reaching $241.2 billion in 2023. Unit sales in electric and hybrid models reached 59,909 units in 2023, and Frost & Sullivan projects a 16.5% compound annual growth rate (CAGR), reaching 37...

Frost & Sullivan expects India’s medium and heavy-duty truck market to grow steadily over the next decade, driven by rapid infrastructure expansion, industrial recovery, and logistics demand across core sectors including construction, mining, eCommerce, and agriculture. While legacy manufacturers continue to lead in production and distribution scal...

The global leasing industry is entering a pivotal decade as electrification, innovative financing models, and a more integrated fleet management ecosystem fundamentally reshape the future of mobility finance. By 2035, battery electric vehicles (BEVs) will dominate new fleet acquisitions in most mature markets, pushing leasing providers to redesign ...

This Frost Radar™ provides a comprehensive benchmark of the remote SIM provisioning (RSP) competitive landscape at a pivotal moment in the evolution from legacy M2M SIM management to scalable, cloud-native internet of things (IoT) IoT connectivity. As the GSMA SGP.32 specification moves from definition to early commercialization, leading vendors ar...

Internet of things (IoT) professional and managed services have evolved from discretionary add-ons into core enterprise priorities as organizations shift their focus from technology acquisition to measurable business outcomes. Frost & Sullivan defines IoT professional services as encompassing IoT consulting, solution design, and deployment. IoT man...

This study on the North American aquaculture market analyzes the current and future growth potential of various aquaculture species produced at both regional and country levels. It is a detailed analysis of the key markets—the United States and Canada. The US accounts for the largest production volume and value in the North American aquaculture mar...

18 Nov 2024  |  Global  |  Market Research

Growth Opportunities in the Cellular Vehicle-to-Everything Testing Market, Global, 2024–2030

Accelerating C-V2X Deployment in Different Regions Will Drive Testing Requirements

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Smart vehicles can connect with other vehicles, navigation systems, and infrastructure. Vehicle-to-everything (V2X) communication technology includes vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle and other road users, and vehicle-to-pedestrians-and-cyclists (V2P). V2X testing refers to the testing of communications between vehi...

The Indian HVAC equipment market is expanding rapidly, fueled by urbanization, infrastructure development, rising temperatures due to climate change, and increasing emphasis on energy efficiency and indoor air quality amid growing health concerns from pollution. Valued at $11.36 billion in 2024, the market is forecast to grow to $22.7 billion by 20...