Environmental and Cost Benefits Strengthen Hybridization Trends in Off-highway Commercial Vehicles, says Frost & Sullivan

Environmental and Cost BenefitsEnvironmental and Cost Benefits Strengthen Hybridization Trends in Off- highway Commercial Vehicles, says Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, Oct. 30, 2013 -- Asia presents the largest growth opportunity for stakeholders in the global off-highway commercial vehicle market Stricter regulations, the increasing importance of fuel economy, and a greater focus on corporate social responsibility by original equipment manufacturers (OEMs) is lending momentum to the global hybrid powertrain market for off-highway commercial vehicles. In fact, hybridization is emerging as a key optimal-cost solution for emission compliance, as well as noise reduction. New analysis from Frost & Sullivan (http://www.automotive.frost.com), Strategic Outlook of Global Hybridization Trends in Select Off- highway Commercial Vehicle Market, finds that hybrid powertrains are expected to account for 3 percent – or 90,258 units – of the total global off- highway powertrain production in 2018. Asia will emerge as the largest regional manufacturer and consumer, accounting for nearly half the total market. The forklift segment will be the primary beneficiary of hybrid powertrains, accounting for 47.7 percent of the market's share. If you are interested in more information on this research, please send an e-mail to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.