The Heavy-Duty Trucks market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report.
Selbyville, DE -- (SBWIRE) -- 12/12/2018 -- Market Study Report adds 2017-2024 Global Heavy-Duty Trucks market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.
Logistics segment is anticipated to witness a substantial growth rate with a rate of 4.9% up to 2024. Increasing orders for new lorries due to enhanced recovery of equipment manufacturers from tumbling freight market will support product penetration. Bulking up of new orders and specialized balance in inventory levels will positively impact the heavy duty trucks market size.
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Heavy Duty Trucks Market size is estimated to surpass USD 160 billion by 2024; according to a new research report.
Increasing domestic and international trading activities across the globe will significantly propel the heavy duty trucks market size over the forecast period. Road and rail lead the freight transport unit enhancing the overall business growth.
Upsurge in fleet size will positively support the logistics and construction sectors, which in turn will drive heavy duty trucks market share. Growing demand for heavy commercial vehicles used in agricultural and mining applications with improved transmission will further support the product penetration.
Innovative connectivity based business models are revolutionizing the product demand by enhancing safety, reducing the cost of ownership, and improving the convenience level of owners. Thus, propelling the heavy duty trucks market size from 2017 to 2024.
Development of road network coupled with rising global sourcing of vehicle components will support the product demand. Several manufacturing companies are focusing on enhancing the profit margins by relying on customers from logistics and construction applications over the forecast timespan.
Asia Pacific is projected to register the maximum revenue share over the forecast timeframe due to the increasing production across the region, particularly in emerging economies including China and India. High availability of cheap labor and raw materials will foster heavy duty trucks market growth across the region.
Daimler, Tata Motors, General Motors, FAW Group, Volvo, Toyota, Freightliner, Ford, Volkswagen, ISUZU Motors, Peterbilt, PACCAR, Kenworth, Navistar, FCA, MAN, Scania and Ashok Leyland are key heavy duty trucks market players.
Other significant companies in terms of geographical presence includes Iveco, Dongfeng Motor Group, Hino, Anhui Jianghuai Automobile, KAMAZ, Beiqi Foton, Beijing Auto Industry and China First Automobile Works Group.
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Table of Content:
Chapter 1. Methodology and Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definitions, and forecast parameters
1.2. Data sources
Chapter 2. Executive Summary
2.1. Heavy-duty trucks market industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Class trends
2.1.3. Fuel trends
2.1.4. Application trends
2.1.5. Regional trends
Chapter 3. Heavy-Duty Trucks Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.4. Technology landscape
3.5. Raw material analysis
3.6. Criteria affecting demand
3.7. Regulatory landscape
3.7.1. North America
3.7.3. Asia Pacific
3.7.4. Latin America
3.8. Industry best practices & key buying criteria
3.9. Pricing analysis
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