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CES 2019 wrapped up amidst an Alexa overhaul, a barrage of autonomous pods and shuttles, and a clear message that the automotive industry is finally looking to near term autonomous and connected solutions that can improve the customer experience and lend a hand in the monetization game. Blockchain in automotive security, in-vehicle marketplace, aut...

Public transportation plays a crucial role in addressing the challenges of urban mobility, sustainability, and connectivity. Across the world, various emerging trends are shaping the future of public transportation systems. This study explores some of these key trends, highlighting their potential impact on transportation networks and the overall p...

China’s autonomous and connected mobility market is undergoing a transition. The top challenges it faces include technical obstacles, such as perception technology and control algorithms; data privacy, protection, and security laws and regulations issued in the pre-autonomous driving era; and high manufacturing and operating costs. As a result, man...

The logistics industry is inundated with challenges which have given rise to disruptive technologies to overcome them. Key challenges faced by the supply chain logistics industry are: (1) Increasing carbon footprint from transportation (2) High level of transport vehicular emissions (3) Lack of visibility in the supply value chain (4) Increasing hu...

This research service focuses on the US Department of Defense (DoD) artificial intelligence activities market. Representative programs, contracts, and market participants are included to form an overview picture of US DoD spending on this technology. An analysis of research, development, test, and evaluation (RDT&E); procurement; operations and ma...

Offshore wind energy involves the harvesting of wind power by setting up wind turbines in bodies of water, usually on the seafloor. Owing to the higher wind velocities in offshore locations, offshore wind turbines deliver greater power than their onshore counterparts. Higher offshore wind velocities also translate into higher capacity utilization f...

Investment in digital technologies is currently booming across all industries, and the chemicals sector is no exception. In Frost & Sullivan’s March 2018 report, Impact of Digitisation on the Chemical Industry, coating formulators were identified as the most likely to have a digital strategy. However, they put it to use in only a limited number of ...

Warehousing accounts for 18% of the $12 trillion globally spent on logistics. Warehousing refers to the temporary storage of goods before they are distributed to the end user in the supply chain. The industry has evolved over the years from providing only storing goods to offering other value-added services such as picking and packing, sub-assembly...

31 Dec 2019  |  North America  |  Market Research

Analysis of the Medium and Heavy Duty Truck Leasing Market, North America, 2019–2025

New Truck Rental and Leasing Shipments in the Region Expected to Reach 212,150 Units in 2025 with Strong Demand from Regional Haul Applications

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The rental and leasing market for medium and heavy duty truck sales in North America is expected to expand at a CAGR of 5.4% from 2019 to 2025. Companies’ financial needs, operational requirements, asset type and utilization including yearly total mileage, desired replacement cycle and usage pattern influencing wear and tear are major factors impac...