The global on-highway vehicle market is expected to register a CAGR of
over 4% during the period 2018-2022, according to the latest
market research report by Technavio.
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Technavio has published a new market research report on the global on-highway vehicle market from 2018-2022. (Graphic: Business Wire)
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.
This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing
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 24×7. 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:
Five Forces Analysis
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005466/en/