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Increase in Total Vehicles in Operation (VIOs), High Vehicle Ownership, and Aging Vehicles Parc to Sustain Growth of Australian Automotive Aftermarket

Frost & Sullivan Manufacturing

The Australian automotive aftermarket, now in a mature phase, is on a trajectory for significant growth through 2030. The increase in total vehicles in operation (VIOs), coupled with the increasing proportion of aging vehicles, is set to generate robust demand for automotive parts and services. from 2023 to 2030. from 2023 to 2030.

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Technological Breakthroughs and Shifting Consumer Preferences Fueling Feature on Demand (FoD) Growth in Passenger Vehicles

Frost & Sullivan Manufacturing

By Gautham Hegde, Senior Research Analyst – Mobility As technological advancements reshape the automotive landscape, consumer preferences for greater connectivity, convenience, personalization, and flexibility are driving significant growth in Feature on Demand (FoD) services.

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Software-Defined Vehicles (SDVs): The Road Ahead for Asian OEMs

Frost & Sullivan Manufacturing

Leading Asian automakers like BYD, Nio, Toyota, Honda, and Hyundai look to partnerships, platforms, and new business models to align with evolving software-driven automotive industry. As SDV strategies evolve, automotive original equipment manufacturers (OEMs) are shifting their architectural and developmental approaches.

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2024 Latin American Automotive Outlook Pivots Around Electrified Offerings, Expanding Domestic Production of Electric Vehicles and Hybrids, and Aggressive Competition from Chinese Automakers

Frost & Sullivan Manufacturing

Powertrain diversification, connected cars, and new mobility models will further impact market dynamics By Ingrid Schumann, Industry Analyst – Mobility In March this year, leading automaker Stellantis announced the “largest investment in the history of the Brazilian and South American automotive industry.”

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Chinese OEMs’ Expansion, Digital Sales Strategies, and Growing Electric Vehicles (EV) Adoption to Transform Select Caribbean and Central American Automotive Markets

Frost & Sullivan Manufacturing

Overall sales across 10 Caribbean and Central American automotive markets set to surpass 300,000 units by 2030, with battery electric vehicles (BEVs) doubling their share from current levels. At the same time, the shift toward digital retailing and online dealerships is transforming how consumers interact with automotive brands.

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Accelerating Vehicle Electrification to Shake up Competitive Landscape in ASEAN Automotive Market

Frost & Sullivan Manufacturing

The recent Global EV Outlook 2024 report brought out by the intergovernmental International Energy Agency (IEA) projects electric vehicles (EVs) to account for around 20% of total vehicle sales globally this year. In Indonesia, ASEAN’s largest automotive market, the five major Japanese OEMs collectively accounted for around 89% of sales.

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Technological Capabilities and Strategic Partnerships will be Cornerstones in Chinese Tier 1 Automotive Suppliers’ Push for Global Expansion

Frost & Sullivan Manufacturing

Chinese Tier 1 automotive suppliers have emerged as pivotal players in the rapidly transforming global automotive market, leveraging their technological capabilities and innovation to capture significant global market share. Strategic partnerships with established global players are another significant growth driver.