Search results for: 'exporting vehicle'

The on-demand business model in the automotive industry is revolutionizing the way customers subscribe to a particular service offered by OEMs. The model allows customers to activate or deactivate a service according to their regional (or custom) requirement. The subscription offered by automakers can be on a monthly, yearly, hourly, per kilometer ...

Frost & Sullivan expects the overall light commercial vehicle (LCV) market to reach 2.4 million units by 2032. This market is on track to achieve a compound annual growth rate (CAGR) of 2.9% between 2023 and 2032. Electric vehicle (EV) penetration will increase to reach 60.0% during this period, up from 6.9% in 2023. The overall size of the LCV ...

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 ...

The global telematics ecosystem in the medium and heavy commercial vehicles (M&HCV) industry is undergoing a tech-driven transformation, steering a new era of vehicle connectivity in the commercial vehicle space. The main Megatrends driving transformation in the M&HCV telematics industry include driver-centric services, OEM telematics proliferation...

This analysis offers readers an understanding of the US defense vehicles market and aftermarket. To isolate a defense vehicles “aftermarket,” it is necessary to present a clear portrayal of the US defense vehicles market as a whole. Several factors were obtained to furnish readers a broad analysis of growth opportunities within the defense vehicles...

Frost & Sullivan’s business strategy and innovation group (BSIG) specializes in research pertaining to current events, disruptive technologies, emerging trends, new forms of mobility, and Mega Trends influencing the mobility landscape. This report presents the top 10 predictions for the global passenger vehicle industry in 2023. BSIG formed thes...

Globally, incentives to purchase electric trucks and buses in the form of subsidies, tax cuts, or even penalties related to internal combustion engine (ICE) vehicles can go a long way in making electric vehicles (EVs) attractive to fleets by considerably lowering the acquisition cost. Incentives also give original equipment manufacturers (OEMs) pro...

This research service analyzes and provides growth forecasts for 2030 for the LATAM hybrid and electric vehicles market (PHEVs, HEVs, and BEVs). By 2030, the commercialization of approximately 1 million electrified vehicles is expected in LATAM, and the total electrified vehicles in operation will be about 5.4 million. Analyzing 2030 sales by techn...

The study aims to understand the overall structure of the Chinese light vehicle leasing and rental market, which has witnessed substantial growth, fueled by the increasing demand for mobility solutions and leasing's benefits, such as reduced capital expenditure and flexible contracts. However, the market remains highly fragmented, with intense comp...