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The Indian Passenger Cars market is expected to grow at a robust rate of 8 to 9% over the next 5 years; the tire market in India is also likely to grow at a robust rate; however, the replacement market is vital to success. Improvements in road infrastructure, customers opting to drive long distances, online retail, etc. directly impact the competit...

Artificial intelligence (AI) is rapidly reshaping the priorities and operations of Indian enterprises. This Frost & Sullivan report provides a comprehensive analysis of AI adoption and deployment, drawing on survey data from IT and business decision makers across a range of industries. The analysis examines the current state of AI implementation in...

Artificial Intelligence (AI) allows computer and computer-enabled systems to transcend beyond traditional computing and provides a layer of intelligence through algorithms that enable machines to complete tasks and produce results that are analogous to human-like thought processes, decision making and problem solving. The democratization of data br...

This Industry Docket explores opportunities for infrastructure development in the cloud market including planning and implementing best practices in Kuwait. Recent changes in the country's legislation allow to international IT service and cloud providers like IBM to set up shop. This provides an opportunity for SMEs in Kuwait to leverage global s...

Russia’s war on Ukraine has unlocked unprecedented growth opportunities for the Middle East as Europe steers away from Russia for energy supply. The European Union’s commitment to end its reliance on Russian energy by 2027 and its focus on renewables and hydrogen offer ME countries a strong business case for energy investments, given that the regio...

In future conflicts, it will be essential for warfighters to maintain a robust and data-driven operational decision-making process. Supporting this capability, artificial intelligence (AI) is critical to enabling action at the speed of the digital battlespace, which will be far faster than the human ability to process and act on data. Practically, ...

India is on the cusp of a historic economic transformation. It is projected to become the world’s third-largest economy by 2030, with a nominal GDP of $11.46 trillion by 2040. This growth trajectory is underpinned by structural shifts across pillars, including rapid digitalization, green transition, manufacturing scale-up, urbanization, and demogra...

13 Jul 2021  |  South Asia, Middle East & North Africa  |  Market Research

GCC Light Vehicle Aftermarket Outlook, 2021

Innovative Business Models Propels Future Growth Potential

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In 2020, the Gulf Cooperation Council (GCC) region faced significant challenges due to the COVID-19 pandemic and oil price crash. Gross domestic product (GDP) in GCC nations contracted by 5%–10% in 2020. The GCC population dropped by 3%–5% due to expatriate exodus. Every industry and sector faced multiple disruptions. The GCC light vehicle aftermar...

This Industry Docket is an approach to unveil the potential of KSA parts aftermarket across light, medium and heavy vehicles and the key forces behind its future development: including vehicles sales and vehicles in operation changes. Additionally, it provides an insight into existing part distribution structure which will bring value to companies ...