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Korea is one of the world’s biggest innovators in terms of research and development, patent activity, number of high-tech companies, value-added manufacturing, and researcher density per million of population. Korea’s remarkable economic rise over the past decade can be attributed to the high amount of innovation and the rapid technology developmen...

India's aerospace engineering services market is evolving from cost-led engineering delivery to higher-value, strategic aerospace engineering participation. The market comprises outsourced engineering services delivered from India by third-party engineering and digital service providers that support commercial aviation, defense aviation, space, and...

SMAC is total integration of Social, Mobile, Analytics, Cloud technologies in the idea of supporting the new business models. SMAC is a disruptive technology and a platform. The SMAC has originated in India about 2 years ago and there is huge opportunity for IT- BPM companies. With advent of SMAC, Indian Software Industry’s export is expected to ...

High growth is expected in the enterprise data market due to the sociopolitical scenario in India, which has led to many investments by both national and international corporations. New technologies such as Software-defined Networking (SDN) and Network Functions Virtualization (NFV) are emerging in the global market and are also making inroads into...

The availability of digital pricing engines, the growth of online platforms, and the shift to organized platforms play a key role in market growth. Several companies, including Cars24, CarWale, CarDekho, Maruti Suzuki True Value, and Mahindra First Choice, offer various value-added services, such as vehicle inspection, free servicing, and easy fina...

The Kingdom of Saudi Arabia (KSA) is one of the largest potential markets in the MENA region for ICT products and services. The ICT market in KSA is still in the growth stage. With hardware infrastructure in place, the next wave of growth will be in IT services, software, and digital media. KSA has prioritized ICT development on the national agenda...

The Indian commercial vehicle market is experiencing changes due to heavy regulatory winds, changes in customer preferences, segment shifts, increasing adoption of technology, and digitalization. Aspirational trajectory of economic potential, growing population, consumer commodity spending, infrastructure developments, overall manufacturing, and ag...

Although India is one of the fastest growing mobile and broadband markets in the world, telcos in India face challenges on a number of fronts: an intensively competitive market with a large number of players, declining fixed-line revenues, increasing mobile customer churn brought about by mobile number portability, declining mobile revenue per user...

27 Feb 2020  |  South Asia, Middle East & North Africa  |  Market Outlook

Indian Commercial Vehicles Market Outlook, FY2020

The Indian Commercial Vehicle Industry is Expected to Witness Slow Growth in FY2020 Due to Impeding Effect of New Axle Load Norms, Stringent Regulatory Environment and Economic Slowdown

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The aim of this study is to understand the emerging market and technology trends shaping the Indian commercial vehicle industry, estimate the outlook for 2020, and forecast the industry volumes till 2025 by assessing the impact of current and upcoming regulations and norms. The Indian commercial vehicle market is experiencing changes due to heavy ...