Press release
Heavy-Duty Trucks Market Global Trends and Forecasts by Key Players: Tata Motors, Daimler, General Motors, Volvo, FAW Group, Ford, Freightliner, Toyota, ISUZU Motors, Volkswagen, PACCAR, Peterbilt, MAN, Scania, Ashok Leyland, Navistar, Beijing Auto Indust
Increasing global sourcing of auto components and development of road network will enhance the product adoption rate. Multiple manufacturing companies focus on improving their profit margins by relying on construction and logistics applications. This will drive the heavy-duty trucks market over the estimated time span.
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Logistics sector is estimated to witness an exponential growth rate of approximately 5% over the projected time line. Increasing number of new lorries owing to improved recovery of equipment producers from declining freight industry will aid in product adoption. Bulking up of new orders and balance in inventory levels will positively affect the heavy-duty trucks market demand.
Top Key Players:-
The key players of Heavy-Duty Trucks Market are Tata Motors, Daimler, General Motors, Volvo, FAW Group, Ford, Freightliner, Toyota, ISUZU Motors, Volkswagen, PACCAR, Peterbilt, MAN, Scania, Ashok Leyland, Navistar, Beijing Auto Industry, Dongfeng Motor Group, Anhui Jianghuai Automobile, Hino, Beiqi Foton, KAMAZ, and China First Automobile Works Group.
Regional Segmentations:-
On the basis of region, Heavy-Duty Trucks Market Regional Outlook (U.S., Canada, Mexico, Belgium, Finland, France, Germany, Italy, Lithuania, Spain, Russia, Sweden, UK, Norway, China, Japan, India, South Korea, Thailand, Malaysia, Singapore, Vietnam, Indonesia, Brazil, Argentina, Peru, Iran, Turkey, KSA, UAE, South Africa, Egypt), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Asia Pacific is predicted to hold highest revenue share over the projected time span owing to the increasing manufacturing across the region, especially in developing countries such as India and China. High availability of raw materials and low-cost labors will promote heavy-duty trucks industry across the region.
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Industry participants focus on research activities to develop the product. For instance, in October 2017, Mitsubishi Fuso Truck and Bus Corporation announced to electrify its complete product line of buses and trucks over the next few years. It also launched Electric Truck Brand E-Fuso.
Related Report:
Aerospace Landing Gear Market Size By Position (Main Landing Gear, Nose/Tail Landing Gear), By Arrangement (Tail Wheel, Tandem, Tri-cycle), By Aircrafts (Commercial Aircraft {Narrow Body, Wide Body}, Regional Jet, Business Jet, Helicopter, Military Aircraft), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, Sweden, China, India, Japan, South Korea, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, Qatar, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024
https://www.gminsights.com/industry-analysis/aerospace-landing-gear-market
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