Dublin, March 31, 2021 (GLOBE NEWSWIRE) -- The "COVID-19 Growth Impact Assessment For the Commercial Vehicle Industry" report has been added to ResearchAndMarkets.com's offering.
The study sheds light on the pandemic's impact on the global medium and heavy-duty CV production across key regions such as North America, Europe, Latin America, Asia-Pacific, China, and India.
The study also covers the new opportunities that COVID-19 has created in other mobility verticals such as connectivity solutions, autonomous vehicles, electric vehicles, and vehicle leasing.
For example, telematics service providers offering driver health monitoring solutions and contactless delivery will capture market share. Successful leasing companies will provide major fleets flexible payment terms and lease contract extensions. At the same time, collaborations between market participants in the alternate powertrain industry will improve product development efforts and reduce time to market.
COVID-19 has had a global impact, with governments resorting to national lockdowns and social distancing measures to mitigate the spread of the virus. The result is a large-scale drop in business confidence, consumer demand, and industrial production-leading to a global economic recession in 2020.
The coronavirus outbreak has also heavily impacted the commercial vehicle (CV) industry. Original equipment manufacturers (OEMs) and parts suppliers have yet to return to full production capacity, except a few Asian countries that have come out of the pandemic. Most of the world has experienced shattered supply chains, financially drained small and medium-sized enterprises, and reduced vehicle sales in Q1 2020.
Production shutdowns due to national lockdowns in March and April will result in a spillover effect in Q2. The development increases multifold the challenges facing the CV industry, including stricter tailpipe emissions and greenhouse gas regulations across regions.
OEMs will explore various options to draw back fleet customers as the effects of the pandemic start to wane and the industry recovers. Strategies include quick service response teams to ensure vehicle uptime and onsite support operations. OEMs will also increase revenue from aftermarket opportunities, such as offering predictive maintenance and expanding mobile service operations. Increasing investment in digital platforms and connected solutions will further enhance the customer experience. In the short term, there will also be a strong focus on safe production practices to ensure workforce safety.
The study also highlights the unit shipment and growth rates across different verticals with opportunity areas in each segment.
Key Topics Covered:
1. Growth Environment
Revised State of the Commercial Vehicle Market Due to the Pandemic
Key Forecast Criteria
2. Impact Analysis on Global MD & HD Vehicle Production
Global MD & HD Truck Production 2004 to 2025
Global Tractor Truck Standards for CO2 Reduction
Global MD & HD Trucks Market Forecast - Overview
Global MD & HD Trucks Market Forecast - By Weight Segment
Impact of COVID-19 on the Top MD & HD Vehicle Markets (COVID Scenario)
2020 Powertrain Technology Forecast
Alternative Fuel Powertrain Market - Regional Market Share Analysis
3. Research Scope and Segmentation
4. COVID-19 Impact And Recovery Scenarios
COVID-19 Impact on World GDP Growth
COVID-19 Impact on Key Regions and Countries
2020 World GDP Growth Snapshot
Crude Oil Forecast - Quarter-by-Quarter (Prices to Slide $34.8 or Less)
Natural Gas Price Forecast
Governmental Responses to COVID-19 Worldwide
Global CV Market - Future Outlook
5. Impact Analysis on Regional MD & HD Vehicle Production
2020 Global MD & HD Truck Production - Monthly Forecast
2020 Global MD & HD Truck Production - Quarterly Forecast
2020 Global MD & HD Truck Production Forecast by Country
2020 Production Forecast for North America
2020 Production Forecast for Europe
2020 Production Forecast for Latin America
2020 Production Forecast for Asia-Pacific
2020 Production Forecast for China
2020 Production Forecast for India
6. Impact Analysis on Vehicle Manufacturers
2019 MD & HD Trucks OEM Sales Performance
Top 10 OEM Groups-Sales Impact Analysis
Global Vehicle Manufacturers' COVID-19 Impact Assessment
7. Growth Opportunities
Analyzing Impact and Identifying Growth Opportunities by Mobility Verticals
Impact and Growth Opportunities in the Truck Digital Services Market
Impact and Growth Opportunities in the Connected Truck Telematics Market
Impact and Growth Opportunities in the Autonomous Trucks Market
Impact and Growth Opportunities in the Fleet Leasing Market
Impact and Growth Opportunities in the Electric Truck Market
Impact and Growth Opportunities in the CV Aftermarket
8. Key Takeaways and Risk Mitigation Strategies to Advance the Road to Recovery
Key Risk Mitigation Strategies for OEMs and Dealers-A Timeline
Risk Mitigation Strategies for OEMs and Dealers
9. Appendix: Growth Pipeline Engine
About the Growth Pipeline Engine
Take the COVID-19 Growth Pipeline Diagnostic
For more information about this report visit https://www.researchandmarkets.com/r/xatm7h
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