Industry Background:
The on-highway vehicle comprises all automotive applications that are intended for use on manmade surfaces. These vehicles are used to transport passengers and goods. Passenger cars and commercial vehicles designed for passenger and freight movement on highways are common examples of automotive on-highway applications. The market is witnessing a huge growth in demand due to the increasing expendable income, which is boosting the demand for passenger cars and enhanced expenditure in the freight and cargo transport, which is driving sales in goods carrying applications.This growth is primarily driven by Growing Penetration of Downsized Engines and Greater Accessibility of Credit and Financing Options.
Globally, a noticeable market trend is evident Integration of Advanced Safety Technologies in On-Highway Vehicles. Major Vendors, such as Hyundai Motor Company (South Korea), Toyota Motor (Japan), Volkswagen (Germany), Volvo (Sweden), Isuzu Motors Limited (Japan), PACCAR, Inc. (United States), Navistar, Inc. (United States), Tesla, Inc. (United States), Ford Motor Company (United States) and Daimler AG (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On May 16, 2019 - Tesla, Inc. announced the successful completion of its previously announced offer to exchange all outstanding shares of common stock of Maxwell Technologies, Inc.
Regulatory Insights:
Market Drivers
- Growing Penetration of Downsized Engines
- Greater Accessibility of Credit and Financing Options
Market Trend
- Integration of Advanced Safety Technologies in On-Highway Vehicles
Restraints
- Co2 Emissions Produced by Non-Electric Vehicles
Opportunities
Increasing Demand from Developing Economies
Challenges
Increasing Cost Pressure on OEMs
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, On-highway Vehicle Study Sheds Light on
The On-highway Vehicle Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the On-highway Vehicle industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where On-highway Vehicle industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.