One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels.
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
The report on the global electric utility vehicle market aided the client in understanding the market trends, including competitive analysis, regulatory framework, regional prospects through growth drivers, competitive intensity, and detailed market estimations and forecast till 2026.
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Straits Research was approached by a consultant actively operating in the rental car sector. The client sought market insights on the rental car industry and stressed on procuring data specific to top companies operating in the market along with their annual revenue and other asset information such as fleet size.
Intense primary and secondary research were conducted to fulfill the client's requirements by understanding the economic and social factors not only promoting the market for rental sectors but also the challenges of conventional alternatives at the regional level. The regions covered in the study were North America, Europe, Asia-Pacific, South America, the Middle East, and Africa.
The client's primary focus highlighted the competitive landscape covering every specific region; hence, the study was conducted not only to understand the operations in the areas but also provided with a detailed overview of the top five players in the market contributing half of the overall share.
The report also delivered insights regarding consumer behavior specific to every region and the market forecasts, helping our client in its study.
Our report aided the client in getting more in-depth insights into various competitors in the market. Additionally, it offered the client insights about the regional competition, which helped the client to penetrate different regions, eventually gaining a substantial customer base after understanding consumer behavior.
Market estimates and forecasts were provided for each segment at the regional level. The market size in terms of revenue and capacity was included in the report for the forecast period, 2016–2026.