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21 Dec 2021  |  Global  |  Megatrends
Growth Opportunities for Carbon Neutrality Strategies
Regulatory Shifts and Threat of Environmental Impact Drive Decarbonization Goals
During the 2021 United Nations Climate Change Conference (COP26), the European Union and the United States announced their commitments to become carbon neutral by 2050, while China and India, the first- and third-largest emitters, plan to become carbon neutral by 2060 and 2070, respectively. Low-income countries will struggle to reduce their carbon...
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22 Nov 2021  |  Global  |  Megatrends
Global Transhumanism Growth Opportunities
Transformational Growth in Biological, Health, and Wellness Augmentation will Enable the Rise of Human 2.0
Radical changes in science and technology are helping the human body evolve. Biological augmentations and body enhancements are transforming the human body and bringing about a kind of transhumanism by eliminating diseases, extending life spans, and enhancing human capabilities. Biological augmentations and body enhancements are classified into th...
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16 Nov 2021  |  Global  |  Megatrends
Trend Opportunity Profile—Social Commerce
Future Growth Potential in Gen Z as Next Wave of Consumers and in Disruptive Technologies Used to Power Persuasive Selling
New retail business models have emerged, and one crop is online-only businesses that sell exclusively through social media channels. Almost all social media platforms today offer retail functionalities that facilitate the electronic commerce (eCommerce) of goods and services. This online sales model is mainly driven by social influences and interac...
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23 Sep 2021  |  Global  |  Megatrends
Trend Opportunity Profiles—Future of Humanless Construction
Future Growth Potential Enhanced by Advancements in Robotics and Automation
Developers are increasingly investing in digital tools like robotics and automation to improve productivity. 3D printing and other new technologies will lead to rapid advancements in prefabrication and modularization. These advancements, in turn, will improve productivity and reduce overreliance on on-site processes. With a rapidly aging workfor...
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22 Sep 2021  |  Global  |  Megatrends
Trend Opportunity Profiles: Direct-to-Consumer (D2C) Business Model
Social Commerce and Online Sales to Ensure Transformational Growth of the D2C Business Model
In 2020, 59% of customers preferred to shop online. Customers emerging from the COVID-19 pandemic expect seamless digital shopping experiences and direct interaction with brands. In fact, customers are more willing to switch to brands that offer complete transparency and accountability. In the post-pandemic retail era defined by ease of access a...
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09 Sep 2021  |  Global  |  Market Outlook
Global Medium/Heavy Commercial Vehicle Aftermarket Outlook, 2021
Average Miles Driven and Spend Per Vehicle to Rise Sharply, Resulting in Transformational Growth
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...
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06 Sep 2021  |  Global  |  Megatrends
Trend Opportunity Profile—Digital Upskilling
Growth Opportunities in Upskilling and Reskilling the Future Workforce
In this rapidly changing work environment, upskilling allows organizations to close the talent gap and fill new and open positions while maintaining their current workforce, creating an environment of continuous learning and development. Reskilling has a longer-term impact, preparing the workforce for jobs that do not exist today. On average, about...
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27 Aug 2021  |  Asia Pacific  |  Market Outlook
ASEAN Automotive Outlook, 2021
Competitive Intensity is Concentrated in Low-cost Green Cars and Electric Vehicles; Political Stability will Affect the Automotive
In 2020, due to the COVID-19 pandemic, the Association of South East Asian Nations (ASEAN) automotive market experienced a significant sales decline of 28.5%, from a total sales of 3.5 million units in 2019 to 2.5 million units in 2020. Passenger Vehicles (PVs) constituted 63.9% of the market and Commercial Vehicles (CV) accounted for 36.1%. Of the...
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17 Aug 2021  |  Asia Pacific  |  Market Outlook
Thailand Automotive Outlook, 2021
Thailand Accounted for the Highest Automotive Sales in ASEAN in 2020. Chinese OEMs are Focused on Geographic Expansion and Competitive Intensity in the Country
Thailands TIV dropped by 21.4% in 2020 when compared to 2019. Sales is projected to increase by 8.7% (YoY growth rate) in 2021 to 861,000 units. The commercial vehicle (CV) segment continues to dominate with a 56.6% share, and it is projected to reach 57.3% in 2021, driven by government stimulus measures in response to the pandemic. Diesel powertra...
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03 Aug 2021  |  Global  |  Market Outlook
Global Automotive Outlook, 2021
Global Light Vehicle Sales are Expected to Rebound in 2021 and Witness a Healthy 8% Growth, Setting the Stage for the Industry to Overtake 2019 Levels by 2023
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...
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