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In 2020 the adoption of Electric Vehicles (EVs) accelerated across the world, particularly in Europe and the US. This growth was driven by heavy incentivization to promote EV sales and boost the overall automotive market. Global EV penetration in 2020 was 4.8%. In Europe it was 9.7%, and in the US, it was 2.3%. This rapid growth has sustained into ...

Frost & Sullivan’s annual outlook for the plastics and composites industry provides an overview of the industry in 2021 and highlights disruptive, transformational, and competitive trends that are expected to impact industry growth in 2022. The protracted disruption of the supply chain because of natural calamities, ensuing force majeure events, en...

The 2019 version of the connected car outlook covers an overview on the upcoming technologies, features, services and global trends surrounding connected cars and automotive IT. The research includes latest features being introduced by automakers such as Marketplace, features-on demand, in-vehicle payments and newer telematics services. Predictions...

During the past decade, Latin America has shown tremendous growth supported by the strong macroeconomic reforms implemented during the 1990s. In addition to strong fiscal reform, external demand for the significant wealth of Latin America’s natural resources has pushed the region to the frontiers of development. Frost and Sullivan has identified Me...

The progressive digitalisation of the security eco system is substantially impacting security missions and traditional operating processes. Worldwide, security end-users are exploring and adopting new digital tools to tackle existing and upcoming threats in a more cost efficient way. Frost & Sullivan has identified four different trends disrupting ...

The COVID-19 pandemic has affected industries worldwide, but few felt it as directly as the global commercial vehicles aftermarket. The collapse of economic activity in many regions reduced the number of trucks on the road and average miles driven. It also has caused a skilled labor shortage of truck drivers, repair technicians, and other workers n...

30 Jul 2019  |  Global  |  Market Outlook

Global Medium/Heavy Commercial Vehicle Aftermarket Outlook, 2019

Manufacturer-level Revenue to Approach $100 Billion in 2019 Across 20 Key Markets

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The global commercial vehicles aftermarket is a large, but overlooked industry. Across the world, the average company spends nearly $5,000 a year on maintenance and repair parts for just one commercial truck, compared to less than $1,000 that a consumer spends for a passenger vehicle. The aim of this study is to identify the size of the global comm...

Additive Manufacturing is one of the rapidly growing technologies being adopted for designing, rapid prototyping and manufacturing of new components. With the advent of smart manufacturing and Industry 4.0, the technological advantages enabled by additive manufacturing have allowed it to be adopted by diverse sectors across the manufacturing indust...

This research service offers a comprehensive view of the unmanned ground vehicle (UGV) industry from 2024 to 2030, encompassing Europe, Asia-Pacific, North America, and the Middle East. The industry is segmented into several applications: intelligence, surveillance, target acquisition, and reconnaissance (ISTAR); combat; explosive ordinance disposa...