Heavy Duty Trucks Market: Global Analysis, Industry Growth, Current Trends and Forecast till 2026
Research Reports
Dec 21, 2020
Updated Research Report of Heavy Duty Trucks Market 2020-2026:
Summary: – A new market study, titled “Heavy Duty Trucks Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Overviwe:-
The heavy-duty trucks market is expected to register a CAGR of around 4.5%, during the forecast period, 2020-2026. Some of the major factors driving the growth of the market are growth in the industrial and construction sector, improvement in the road infrastructure, and consistent rise in the freight and logistics sectors. APAC region witnessed a strong demand for heavy trucks, due to the higher number of construction projects in the pipeline, globally, worth ~ USD 8 trillion. Exports of heavy machinery, including trucks from Singapore to the rest of the APAC region, have grown steadily over the years, which is supported by the key drivers led by the investments in construction projects in the region. Philippines and Indonesia are a few examples of high growth opportunity markets in the region. Due to high rate of smartphone penetration in emerging economies such as China and India, people are likely to buy majority of their supplies from the internet. This growth has resulted in the expansion of e-commerce sector. Also, augmented reality and virtual reality can now predict the possible failure of vehicle, servicing time for a vehicle, etc. This will lead to increased sales of high-performance trucks. Mining industry is also on the rise after a slump in 2015. The industry made a profit of USD 66 billion in 2018 compared to USD 61 billion profit in 2017. Since mining industry is a major deployer of heavy-duty trucks, the improving condition of the industry is expected to boost the sales of heavy duty trucks. The demand for downsized engines, along with the deployment trend of multi-axle vehicles, is anticipated to boost vehicle performance. Volvo Trucks, Paccar, and ISUZU are some of the prominent players in the industry, capturing significant market share.
Segment by Type, the Heavy Duty Trucks market is segmented into
Class 5
Class 6
Class 7
Class 8
Segment by Application, the Heavy Duty Trucks market is segmented into
Agriculture
Logistics
Construction
Mining
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Regional and Country-level Analysis
The Heavy Duty Trucks market is analysed and market size information is provided by regions (countries).
The key regions covered in the Heavy Duty Trucks market report are North America, Europe, China, Japan, South Korea and India. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of production capacity, price and revenue for the period 2015-2026.
Competitive Landscape and Heavy Duty Trucks Market Share Analysis
Heavy Duty Trucks market competitive landscape provides details and data information by manufacturers. The report offers comprehensive analysis and accurate statistics on production capacity, price, revenue of Heavy Duty Trucks by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on production, revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue, and the production capacity, price, revenue generated in Heavy Duty Trucks business, the date to enter into the Heavy Duty Trucks market, Heavy Duty Trucks product introduction, recent developments, etc.
The major vendors covered:
Daimler Trucks
MAN
PACCAR
Scania
Volvo Trucks
Ashok Leyland
FAW Group Corporation
ISUZU MOTORS
Iveco
Mack Trucks
Tata Motors
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Major Key Points in Table of Content
1 Report Overview
2 Global Growth Trends
3 Covid-19 Implications on Competition Landscape by Key Players
4 Covid-19 Implications on Market Size by Type (2015-2026)
5 Covid-19 Implications on Market Size by Application (2015-2026)
6 North America Impact of COVID-19
7 Europe Impact of COVID-19
8 China Impact of COVID-19
9 Japan Impact of COVID-19
10 Southeast Asia Impact of COVID-19
11 India Impact of COVID-19
12 Central & South America Impact of COVID-19
13Key Players Profiles
Continued………
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Note:
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