Outlook

United Kingdom Automotive Market 2021 to 2028: Outlook for Passenger Cars, Commerical Vehicles and EVs

DUBLIN–(BUSINESS WIRE)–The “United Kingdom Automotive Market Outlook, 2021 – Passenger Cars, Commercial Vehicles, Ev Market Size, Share, Companies and Developments” report has been added to ResearchAndMarkets.com’s offering.

The United Kingdom Automotive Market Outlook report presents forecasts of different vehicles including Passenger Cars, Commercial Vehicles, EV along with market Size, Share, Companies and Developments.

The global automotive industry is showing signs of recovery in H1-2021, after a weak backdrop during the last year. Continued momentum for electric vehicles is observed during the year and is likely to continue through 2022.

Strong consumer demand coupled with purchasing power parity is encouraging the underlying demand trends for vehicles in the United Kingdom, with the market recovery to pre-pandemic levels. On the other hand, challenges related to supply chain disruptions, shortage of materials, in particular, semiconductor shortages, consumer demand fluctuation in major segments and others pose risks.

Leading industry trends including rapidly

Read More

Malaysia Automotive Aftermarket Service Market Outlook to 2025: Surging Used Car Sales contributing to the Growth of Automotive Aftermarket Service Industry in Malaysia – Ken Research

Gurugram, India, July 29, 2021 (GLOBE NEWSWIRE) —

  • Automotive slowdown & the COVID-19 pandemic brought a sustained downward trend in new passenger car sales in 2021 in Malaysia.
  • The OEM/Authorized car service market is anticipated to grow with a CAGR of 11.7% during the forecast period 2020-2025.

Surging Vehicle Parc in Malaysia: Malaysian automotive industry in witnessing a growth in the number of vehicle parc, which is leading to higher demand for the multi brands and OEM car service companies in Malaysia. ~65% of the vehicle parc in Malaysia in 2020 comprised of post warranty cars that generally visit multi brand car service centers. Whereas, the pre warranty cars in the country prefer visiting the OEM car service centers.  Multi brand service centers cost ~40% less as compared to the authorized car service center which is the major reason for consumer to shift to the multi brand service center during

Read More

Global Connected Cars Outlook Report 2021: With Revenue Potential of $15-$20 Billion by 2025, the Creation of Software-defined Vehicles and Innovative Business Models is More Critical than Ever

DUBLIN–(BUSINESS WIRE)–The “Global Connected Cars Outlook, 2021” report has been added to ResearchAndMarkets.com’s offering.

The COVID-19 pandemic has accelerated – rather than affected – growth prospects for the global connected cars market.

Technology implementation has increased, and the post-pandemic situation appears to be a positive one for all stakeholders. The pandemic is a blessing in disguise as innovative features such as embedded connectivity, bio-based health monitoring, and non-touch-based haptics such as gesture recognition will be quickly implemented in vehicles due to the urgent need for protection and risk aversion.

Start-ups and other mid-tier connected car technology firms are being pursued to support the implementation of these innovative vehicle features.

The market is undergoing a transformation, and automakers are evolving into technology firms and appear to be on an equal footing with technology giants, with some of them opting for a collaborative approach to capture market share. Business transformations

Read More