Heavy Duty Trucks Market 2025: Top Players are Ashok Leyland, Daimler AG, Dongfeng, Ford Motor Company, Freightliner, Isuzu Motors Ltd., Tata Motors, Volkswagen AG

Heavy duty trucks market has been witnessing an inflection point, since for a while now. High fuel consumption, rapid uptake of advanced technologies, environmental indexes, and fast market turnovers are some of the few rationalities that underline the commercialization matrix of heavy duty truck industry.

Experts had been raving about the concept back then, so dubbed as E-FUSO Vision One, claiming it to be disruptive for the entire heavy duty trucks market trends. As per analysts' opinions, the onboard of this product would have positioned Daimler in direct power battle with Tesla, as the latter is planning to launch its flagship electric semitrailer on November 16, this year.

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It is prudent to state that the Tesla Semi being a Class 8 wonder is an indicator of the fact that class 8 vehicles are indeed being pursued with renewed gusto by heavy duty trucks market. The claims class 8 vehicles to accumulate a considerable portion of the global revenue in heavy-duty trucks market over 2019-2025, pertaining to their enviable ability to sustain heavy loads.

Generally deployed for high-power applications such as construction and mining, class 8 vehicles are diesel-powered and have a gross weight vehicle rating of more than 33,000 lbs. Subject to the extensive demand for these beauties, companies have been sparing no expense in R&D activities, to bring forth newer class 8 vehicles endowed with superior features, that would ultimately help augment the sales graph of the overall heavy-duty trucks market.

EPA in collaboration with NHSTA issued fuel economy and GHG emission standards that medium and heavy-duty truck manufacturers need to comply with for the model period 2014-2018. As per the estimation, this combined standardization would reduce carbon dioxide emissions by almost 270 million metric tons, allowing a saving of almost 530 million barrels of oil over the entire lifecycle of the vehicle for the period 2014-2018. For heavy duty trucks market players, this is a vital consideration to cut down carbon pollution from the vehicles.

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Technological interference in the vehicle design along with shifting trend toward energy efficient trucks is deemed to be a positive indicator for heavy duty trucks market growth. However, economic uncertainties across European countries along with fluctuations in raw materials price trends is somewhat having a deterring influence on the market infrastructure. Nonetheless, leading giants have been increasingly investing in research activities to come up with cost-effective solutions.

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