Aftermarket’s success increasingly hinges on regional integration, working closely with local governments and suppliers, rather than treating Asia Pacific as one uniform market. Asia Pacific’s aftermarket revenue is envisaged to reach $239.8 billion by 2032, growing 6.9% annually, more than twice the pace of vehicle population growth, as vehicles age and grow more complex. China […]
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By Marshall Martin, Program Manager, and Nachiket Devasthale, Senior Consultant – Mobility Growth Advisory, Frost & Sullivan India’s commercial vehicle (CV) industry is evolving as fleet operators increasingly prioritize utilization, fuel efficiency, uptime, and lifecycle economics over upfront acquisition cost. Light commercial vehicles (LCVs) continue to be one of the fastest-growing segments in India’s commercial […]
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The nascent Indian electric vehicle (EV) market is fast emerging as a sunrise sector, and the country is expected to aggressively push toward electrification. Frost & Sullivan’s recent analysis, Indian Electric Vehicle Growth Opportunities, finds that Mega Trends such as rapid urbanization, rising fuel costs, traffic congestion, pollution, emerging economic growth, and energy security will […]
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