Search results for: 'Penetration Rate'

10 Aug 2022  |  Global  |  Market Outlook

Global Medium- and Heavy-duty Commercial Vehicle Aftermarket Outlook, 2022

Average Miles Driven and Spend per Vehicle to Rise Sharply and Result in Transformational Growth

Infographics

×

In 2021, the aftermarket rebounded strongly from the COVID-19 pandemic of 2020, as vehicles in operation (VIO), average miles driven, and spend per vehicle increased. However, parts shortages remain a year after the global economy has reopened, and the skilled labor shortage of truck drivers and service technicians is approaching critical levels. T...

GHG emission regulations are ever strengthening in North America, Europe, and China. Climate change concerns among the public is especially propelling the automotive industry to reduce carbon footprint. Countries are looking for options to improve air quality in their communities and to contribute to mitigation of global climate change through elec...

27 Feb 2018  |  Asia Pacific  |  Market Research

Strategic Analysis of Malaysian Commercial Vehicle Industry, Forecast to 2025

Annual Demand for Pickups, Light-medium-heavy Trucks and Buses to Grow With Infrastructure Growth and Entry of New Players by 2025

Infographics

×

Key Issues Addressed

Malaysia is the third largest commercial vehicle (CV) market in Asia Pacific after Indonesia and Thailand and is at the beginning of a rapid growth phase. The Total Industry Volume (TIV) has continued to decrease since 2013 due to slow economic growth and a depreciating Ringgit that has impacted business confidence and purchasing power. Consequentl...

09 Dec 2019  |  North America  |  Market Research

Mexican Connected Truck Market, Forecast to 2025

Telematics Solutions are Vital to Transportation Companies and Private Fleets in Terms of Addressing Pain-points Across Different Types of Industries

Infographics

×

Key Issues Addressed

The Mexican connected truck market is highly fragmented and comprises more than 50 telematics companies and leading OEMs. The transportation start-up ecosystem is small but is beginning to grow. Since 2016, the country has faced declining commercial vehicle (CV) sales; however, a marginal recovery has been recorded this year (2019). This growth tre...

Economies across the world are bouncing back in full force after the pandemic-induced lull. Despite a slump in the recent past, automotive sales are slowly recovering in the Americas, and fleet leasing and rental markets are on the path of recovery. Telematics adoption is on the rise as connected cars are gaining traction in the region, primarily t...

16 Dec 2022  |  North America  |  Market Research

Global Residential Heat Pump Growth Opportunities

Technology Strategies Push Heat Pumps to Play a Significant Role in Decarbonizing Heat

Infographics

×

Key Issues Addressed

The heat pump industry is now revolutionizing in terms of market uptake and initiatives toward grid decarbonization and wean away from Russian gas imports. Social and policy innovation will boost demand in the UK, Germany, and Ireland; high demand will be seen in France, Italy, and the Nordics and moderately high demand in Benelux, Austria, and Pol...

22 Dec 2023  |  Global  |  Technology Research

Impact Assessment of Advanced Electronics Technologies for AR, VR, and XR Applications

Computing, Display, Sensors, and Controls Drive Growth Opportunities

Infographics

×

Augmented reality (AR), virtual reality (VR), and mixed reality (MR) refer to the spectrum of experience and technologies that connect the real and virtual worlds. These technologies immerse users or augment the real world through audio, visual, and haptic cues. This research report analyzes the global AR, VR, and MR markets as subsegments of the b...

In 2023, the global light vehicle industry experienced a 6.5% growth, driven by economic recovery and resolved semiconductor chip supply chain challenges. China, the United States, India, Japan, and Germany experienced positive growth. China took the lead with 11% YoY growth in vehicles sold. Of the 14.1 million EVs sold in 2023, 70% were BEVs. ...

The traditional car key is on its way to becoming a thing of the past, likely confined to the glove compartment. In Europe and North America, the automotive digital key market is rapidly expanding, driven by consumer demand for seamless, secure, digitally integrated interfaces and technologically advanced car access experiences. Additionally, digit...