Automotive

The overall commercial vehicle volume in ASEAN is expected to reach 1.7 million units by 2030, growing at a CAGR of 7.9% between 2020 and 2030. The region has experienced rapid industrialization, moving away from agriculture and toward manufacturing of electrical and electronic components and machinery. Post the pandemic, there has been a revival i...

22 Nov 2021  |  Latin America  |  Mega Trends

Argentinian Light Vehicle Leasing Growth Opportunities

Fleet Management Services Enhance Leasing Companies’ Growth Pipeline as a New Product

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Vehicle leasing can be a solution to the growing number of challenges companies face concerning their mobility needs. These include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling. Businesses seek to focus on their core products/services and outsource support activities. Mobility is a sig...

09 Nov 2021  |  Asia Pacific  |  Mega Trends

ASEAN Shared Mobility Growth Opportunities

Transformative Mega Trends Lead to Automotive Electrification and the Innovation of Super Shared Mobility Applications

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The study assesses the key shared mobility trends in the Association of Southeast Asian Nations (ASEAN), covering Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Key shared mobility activities discussed in the study include car sharing, eHailing, ride sharing, demand-responsive transit, and micro mobility....

01 Nov 2021  |  Latin America  |  Mega Trends

Brazilian Light Vehicle Leasing Growth Opportunities

The Rise of New Mobility Services is Driving the Growth Strategies of the Market

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Vehicle leasing can be a solution to the growing number of challenges companies face concerning their mobility needs. These include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling. Businesses are focused on their core products/services and seek to outsource support activities. Mobility is...

20 Oct 2021  |  Asia Pacific  |  Mega Trends

ASEAN Hybrid and Electric Vehicle Growth Opportunities

The Transformative Mega Trends Driving Energy-efficient and Electrification Technologies in Indonesia, Malaysia, and Thailand

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Major Association of Southeast Asian Nation (ASEAN) countries rely on internal combustion engine (ICE) passenger vehicles. National incomes and infrastructure development also drive motorcycles’ popularity. Hybrid and electric vehicle penetration only accounted for 0.3%, 1.3%, and 9%, respectively, in the total new passenger vehicle sales in Indo...

This research service analyzes the performance of light vehicle automotive segment and dealership activities based on the prevailing conditions in select Central American and Caribbean markets, such as Puerto Rico, Panama, Jamaica, Costa Rica, Dominican Republic, Guatemala, and El Salvador. This research service considers how markets have evolved ...

In 2020, Indonesias automotive total industry volume (TIV) dropped by 48.4%, compared to 2019, with only 532,030 units being sold. The passenger vehicle (PV) segment remained dominant with 73.1% market share. The economic growth for 2020 was the weakest since the 1998 Asian financial crisis. Factors impacted by the COVID-19 pandemic include Gross D...

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

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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...

20 Aug 2021  |  Asia Pacific  |  Mega Trends

Indonesian Connected Trucks Telematics Growth Opportunities

Partnerships Across Verticals will Nurture Innovative Solutions, Increase Telematics Adoption, and Boost Business Growth in Indone

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The Indonesian connected trucks telematics market is showing good indicators for growth, mainly attributed to the government’s involvement in the development of transportation and safety infrastructure. Frost & Sullivan expects market growth to be driven by the influx of foreign telematics service providers, several partnerships, and innovation (...