A key factor driving the market’s growth is the increasing penetration of downsized engines. Vehicle manufacturers are increasingly developing downsized engine blocks to decrease the kerb weight, limit the formation of emissions, and improve fuel efficiency. Downsized engines are designed to produce the same amount of power as that of their high-powered models. Most on-highway vehicle manufacturers equip turbochargers within diesel engines to increase the amount of air taken in for combustion.
This market research report on the global on-highway vehicle market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the OEMs pushing for penetration of embedded telematics systems in on-highway vehicles as one of the key emerging trends in the global on-highway vehicle market:
Global on-highway vehicle market: OEMs pushing for penetration of embedded telematics systems in on-highway vehicles
The embedded telematics systems market is dominated by developed regions such as the US and Europe. Unlike tethered and smartphone integration solutions, where the connectivity of the device depends on the user, embedded connectivity provides the advantage of data reliability as it is connected 24x7. As a result, regulatory bodies will implement legislation in future which would encourage the installation of embedded telematics in on-highway vehicles.
“The telematics industry is growing rapidly in emerging markets, particularly in Brazil, Russia, India, and China. With the rising interest in infotainment services and navigation services among consumers, OEMs are partnering with automotive telematics providers and planning to introduce new products and services to effectively seize opportunities in these countries,” says a senior analyst at Technavio for research on automotive manufacturing.
Global on-highway vehicle market: Segmentation analysis and forecast
This market research report segments the global on-highway vehicle market based on vehicle type (trucks, buses, and RVs), transmission (manual transmission, automatic transmission, and automated manual transmission), and key regions (the Americas, APAC, and EMEA).
APAC held the highest share of the global on-highway vehicle market in 2017, accounting for a market share of over 76%. The market share occupied by this region is anticipated to decrease by almost 3% during 2018-2022. However, this region is expected to dominate the global market throughout the forecast period.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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