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This competitive benchmarking focuses on the growth of the electric truck market in North America and its aftermarket service opportunities. The study provides information on key OEMs and non-OEMs and their electric truck service strategies. Opportunity size is determined by forecasting the number of LD, MD, and HD trucks on the road and the averag...

Though the global uninterruptible power supply (UPS) industry is mature, it offers considerable growth opportunities in different market segments, such as technology, end-user verticals, power range, and geography. This Frost & Sullivan study provides in- depth insight into the total UPS market and various high-growth segments. The global UPS indus...

Demand for electric bikes (e-bikes) is growing as a result of consumer desire for more sustainable transportation modes, connected services, and convenience. Logistics providers also consider e-bikes a viable, efficient alternative to traditional delivery vans and trucks for last-mile delivery. The ability of e-bikes to navigate densely populated u...

The automotive aftermarket parts trade is undergoing an evolution, largely influenced by the adoption of digital technologies. By 2030, approximately $153 billion in parts and accessories will be sold from the online channel worldwide, which represents significant penetration in most regional markets. Frost & Sullivan has been conducting research o...

Frost & Sullivan identifies and defines the leading trends shaping the global pharmaceutical landscape in this analysis. The study period is 2021 2028, with 2023 as the base year and 2024 2028 as the forecast period. The geographic scope includes 5 regions: North America, Latin America (LATAM) and the Caribbean, Asia-Pacific (APAC), Europe, and the...

The $3.25 billion global video conferencing devices market is undergoing seismic changes in the wake of massive work, workplace, and workforce transformation. Driven by the shift to remote work, video adoption saw hyper-growth during the pandemic years. The market is currently undergoing significant normalization, as it gets aligned with the new fu...

To deliver excellent customer experience, organizations require a single view of customers across all touchpoints, which they can achieve through customer relationship management (CRM) solutions. Businesses aim to capture and leverage the wealth of available customer data to have profitable, productive, value-rich, experience-enhancing, and loyalty...

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 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...