Industries

2020 was a defining year for the mobility industry in many ways. After a challenging 2018 and 2019, the pandemic threw the industry into a tailspin that saw global automotive sales falling to record lows in the first half of 2020. Several business models stuttered, and revenues hit a downward spiral. However, stakeholders have shown greater resilie...

In 2020, 3.2 million units were sold, of which 69.4% were Battery Electric Vehicles (BEVs) and 30.3% were Plug-in Hybrid Electric Vehicles (PHEVs). Europe emerged as a market leader with 43.3% market share for the first time in the history, overtaking China with 41.0%. Global EV penetration increased from 3.4% to 4.5% in 2020. Europe also recorded ...

15 Jul 2021  |  Asia Pacific  |  Market Research

ASEAN Mobility Start-Up Growth Opportunities

The Development of Electric Powertrain, Shared Mobility Service, Mobility-as-a-Service, and Autonomous Driving Power Future Growth Potential

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This study assesses the mobility start-up market in ASEAN countries, focusing on Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. It profiles 10 mobility start-ups in ASEAN. Each company profile covers a company overview, offerings, and value propositions; and provides a strengths, weaknesses, opportunities, and threats (SW...

14 Jul 2021  |  North America  |  Market Research

North American Light Commercial Vehicle Growth Opportunities

The Overall LCV Market in North America is Expected to Grow to 5.0 Million Units by 2025, with New Product Development in EVs Helping it Achieve a Penetration of 6.2%

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Key Issues Addressed

The overall light commercial vehicle (LCV) market in North America was at 3.74 million units in 2020 with pickups contributing 88% of those volumes. Within the LCV segment, the lower weight segment, class 1/2a (<=8,500 lbs.) made up 57% of the market while the higher weight segment, class 2b/3 (8,501-14,000 lbs.), made up the rest. Ford was the market leader with a 33% market share, followed by Chevrolet and RAM at 21% and 19%, respectively. Over the next 5 years, the LCV market in North America is expected to have a CAGR of 5.8% to 4.95 million units. Nearly 95% of class1/2a vehicles are powered by gasoline. However, in class 2b/3, this reduces considerably to just 45% as most of them are powered by diesel as these vehicles require higher power and torque to haul heavier loads. Within the LCV market, pickups are predominantly used in construction and jobsite applications, whereas vans are mainly used for delivery applications. A pickup would clock anywhere between 12,000 to 15,000 miles annually, depending on the application, whereas a van has a wider range of 12,000 to 25,000 miles annually, depending on the application and size of the vehicle. Larger vehicles typically travel longer and farther. In recent years, the market has experienced a slew of announcements on the electric vehicle (EV) front from close to 8 new companies, all pure-play electric vehicle startups, in addition to the existing legacy players. Mandates at the government level to reduce emissions and decreasing the cost of key EV components, making the total cost of ownership (TCO) of EVs more favourable, have been the biggest drivers for this growing interest in EVs. As of now, close to 20 electric LCV models are expected to be launched in the next 3 to 4 years. Certain applications will see early adoption of EVs depending on the duty cycle and operating environment. Delivery application and utilities and mobile services make the strongest case for electrification in the short term, given the limited daily range, frequent start-stops, and access to a depot and public charging. In the next five years, EVs may achieve TCO parity with their diesel and gasoline counterparts at the current level of pricing and costs with help from federal incentives. Without incentives, however, the time required to achieve TCO parity gets pushed further away by another 3 to 4 years. As far as external factors are concerned, TCO is highly dependent on incentives and annual mileage. Applications with higher annual mileage achieve TCO parity with diesel and gasoline much faster. Given this scenario, EV penetration in LCVs in North America, which is currently nil, is expected to reach 6.2% by 2025.--BEGIN PROMO--

Key Issues Addressed

• What is the size of the NA LCV market in 2020? What are the market's future growth prospects?
• Who are the key OEMs, and what are the major applications in the LCV segment?
• What are the prospects for electrification in the market, and who are the key players driving it?
• How does the total cost of ownership for eLCVs compare with that of diesel and gasoline?
• What is the volume of the eLCV market expected to be in the future? What are the drivers for the growth of this market? 

Author: Marshall Martin

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...

12 Jul 2021  |  Europe  |  Market Research

Denmark Light Vehicle Leasing Growth Opportunities

Digital Sales Channel Development-Led Used Car and Electric Vehicle Leasing are Key Market Growth Areas

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Companies view vehicle leasing as a solution to the growing number of challenges they face in their mobility needs. These include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling. Businesses focus on their core products or services and seek to outsource support activities. Mobility is a si...

12 Jul 2021  |  Europe  |  Market Research

Sweden Light Vehicle Leasing Growth Opportunities

Customer Experience Driven by Digital Business Models Creates New Growth Opportunities

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Companies view vehicle leasing as a solution to the growing number of challenges they face in their mobility needs. These include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling. Businesses focus on their core products or services and seek to outsource support activities. Mobility is a si...

09 Jul 2021  |  Global  |  Market Outlook

Global Off-highway Vehicle Industry Outlook, 2021

Key Trends and Opportunities that will Aid Recovery of the Off-Highway Vehicle Market in 2021 and Beyond

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Though many regions are grappling with the impact of the COVID-19 pandemic, some have recovered earlier than the rest, to resume construction, farming, and mining operations due to recovering economies, and key OEMs are targeting those recovered markets to release their customized product designs as per regional demands and trends. This research in...

09 Jul 2021  |  Global  |  Market Research

Global Automotive Virtual Reality Growth Opportunities

Premium Automakers Will Implement VR in Vehicles First; Operational, Functional, and Safety Related Constraints Will Challenge Adoption in the Future

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Virtual Reality (VR) is an advanced immersive technology used in industries, such as healthcare, gaming, smartphone, and manufacturing, for a wide range of use cases to enhance user productivity and to provide high-definition entertainment services. The automotive industry has been experimenting with VR in manufacturing facilities and dealer showro...