Heavy-Duty Trucks Market 2018 Top Key Industry Players : General Motors, Volvo, FAW Group, Ford, Freightliner, Toyota, ISUZU Motors, Volkswagen, PACCAR, Peterbilt, MAN, Scania, Ashok Leyland, Navistar, Tata Motors, Daimler
Global Heavy-Duty Trucks Market in Natural gas will demand for over 160 thousand units over the forecast timeframe. Enhanced fuel efficiency and rising preference towards reduction of carbon emissions will support in overall business growth. Increasing number of natural gas refueling stations coupled with superior mileage served by the product will drive the industry.
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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.
In 2016, class 5 accounted for over 12% of the total industry share in terms of volume. This can be attributed to enhanced features and broad usage in logistic and construction sectors. In addition, robust development in the manufacturing activities particularly in developing countries is expected to improve the industry.
Top Key Players:-
The key players of global 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.
Europe heavy-duty trucks market generated USD 20 billion in 2016 and will further increase its revenue share by 2024. This can be attributed to the technology used in the region coupled with the presence of established players in developed countries.
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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Major Points of Table Of Content:-
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
3.9.1. Regional pricing
3.9.2. North America
3.9.4. Asia Pacific
3.9.5. Latin America
3.9.7. Cost structure analysis, 2016
3.10. Industry impact forces
3.10.1. Growth drivers
3.10.2. Industry pitfalls & challenges
3.11. Innovation & sustainability
3.12. Growth potential analysis
3.13. Porter's analysis
3.13.1. Supplier power
3.13.2. Buyer power
3.13.3. Threat of new entrants
3.13.4. Threat of substitutes
3.13.5. Internal rivalry
3.14. Competitive landscape, 2016
3.14.1. Strategic dashboard
3.15. PESTEL analysis
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Rising labor cost especially in developed countries, along with fluctuating raw material costs may act as challenge for the heavy-duty trucks market growth over the projected time span. Additionally, economic uncertainty in various European countries may hinder the industry expansion.
Increase in fleet size will support the construction and logistics segments thereby spurring heavy-duty trucks market share. Increasing demand for heavy commercial automobiles utilized in mining and agricultural applications with enhanced transmission features will support the industry growth.
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