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23 Dec 2022  |  Global  |  Market Outlook
Top 10 for 2023: Predictions for the Off-highway Equipment Industry
Paradigm Shift in Purchase Patterns, Equipment Ownership, and Operational Practices to Integrate Services Across Off-highway Applications
Frost & Sullivan’s mobility team tracks the global off-highway (OHW) equipment industry, providing deep-dive analysis of the shift toward equipment-as-a-service models and the implications of new technologies on the transportation landscape of the future.The OHW practice evaluates applications in the construction, mining, agriculture, forestry, a...
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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
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...
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30 Jun 2022  |  Global  |  Market Outlook
Global Automotive Outlook, 2022
Automotive OEMs Prioritizing Supply Chain Recalibration, Digital Transformation, and Sustainability to Accelerate Growth
Rebounding from the pandemic-related disruptions of 2020, the global automotive industry registered a healthy 5.3% increase in sales, with 81 million in unit sales in 2021. Toyota led global OEM sales, recording a growth rate of 13.9%, selling 9.9 million units. Despite the positive recovery trends in the global economy and vehicle sales, the Ru...
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10 Jun 2022  |  Global  |  Market Outlook
Global Connected Truck Telematics Outlook, 2022
Mergers and Acquisitions Continue to Drive Transformational Growth as Stakeholders Prioritize Last-Mile Delivery, Freight Visibility, and Electric Vehicle Telematics
In the 2021 outlook study, Frost & Sullivan predicted strategic mergers and acquisitions (M&A) in the global connected truck telematics market to involve participants from various industries, including transport service providers (TSP), original equipment manufacturers (OEM), Tier I suppliers, and key technology participants. This 2022 outlook stud...
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02 Jun 2022  |  Global  |  Market Outlook
Global Connected Cars Outlook, 2022
Human-Machine Interface Developments for Enhanced In-Vehicle Experiences Create New Growth Opportunities
The automotive industry is undergoing a massive transformation as automakers transition from hardware manufacturers to technology companies. This Frost & Sullivan study aims to provide insights into the new decade's challenges and technological innovations that will reshape the automotive industry, particularly in the connected cars space. Automake...
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02 Jun 2022  |  Latin America  |  Market Outlook
LATAM Automotive Growth Outlook, 2022
Despite the Pandemic-Induced Geopolitical Chaos in the Region, LATAM is Set to Grow at the Rate of 7.6% in 2022
With 4.4 million units sold, the LATAM passenger vehicle market grew by 11.7% in 2021. The Chilean market had the biggest growth in the region, selling 60.6% more units than in 2020, going from 258.8 million units to 415.6 million units in a year. The Brazilian market, the biggest in the region, still has not reached pre-pandemic numbers. Chinese O...
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12 May 2022  |  Global  |  Market Outlook
Global Two-wheeler Outlook, 2022
Future Growth Potential due to Changing OEM Strategies, Focus on Electrification, Emergence of Start-up Culture, Collaborations, and Innovative Technology Trends
The pandemic brought some significant changes to the automotive industry, especially the two-wheeler industry, with the new business models and start-ups coming in. In addition, the worldwide environmental awareness about carbon emissions increased the electric two-wheeler sales across the industry. In 2021, most regions witnessed growth, especi...
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31 Mar 2022  |  Latin America  |  Market Outlook
LATAM Light Vehicle Growth Opportunities, 2021
Geopolitical Chaos due to the COVID-19 Pandemic Directly Impacted Light Vehicle (LV) Sales
In 2020, there was a 26.8% drop in total LATAM passenger vehicle sales, equivalent to a reduction of 1.5 million units. The Brazilian market was responsible for the largest drop in units, reaching 710,000 units less than 2019, followed by Mexico’s 368,000 unit drop. The automakers had different strategies for this period, from closing plants to d...
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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
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...
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07 Jun 2019  |  Global  |  Market Outlook
Global Private Vehicle Leasing Market Outlook, 2019
Private Operational Leasing will Suffer Decline in New Contracts Sold in 2019 Due to Market Saturation in the Dominant US Market; Sales in Southern and Eastern Europe is Expected to Offset the Decline
The global private vehicle leasing industry is experiencing positive growth, mainly due to robust growth in the Northern and Western parts of Europe. Retail car registrations are expected to grow 2.4% in 2019, mainly driven by BRICS and APAC markets. A positive macroeconomic outlook and the government’s expansionary policies are the main driving ...
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