What Drives the Growth of the North American Medium and Heavy-duty Commercial Vehicle (CV) Electronic Service Tools (EST) Space?
Vehicle systems’ increasing complexity and an aging truck population will drive transformational growth by 2030
The North American medium and heavy-duty commercial vehicle (CV) electronic service tools (EST) space is experiencing gradual and sustained growth, driven by interesting industry dynamics, such as advancements in vehicle complexity, a growing focus on vehicle efficiency and fuel economy, the increasing demand for a well-rounded fleet management package, and a heightened focus on reducing operational costs. Heavy-duty trucks, which are integral to the transportation and logistics sectors, are becoming more complex with the integration of advanced electronic systems and telematics. This evolution necessitates the use of sophisticated diagnostics software for diagnosis and repair for optimal vehicle performance.
- How will stringent emissions regulations encourage fleet operators to adopt advanced diagnostic tools to meet compliance requirements and achieve growth?
- How will technological innovations, regulatory pressures, and the need for more efficient fleet management solutions influence the growth trajectory of the CV EST industry?
- What steps can your team take to capitalize on emerging megatrends such as cloud-based solutions, shop automation solutions, modularity, and product customization?