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Daimler, Tata Motors, Heavy-Duty Trucks Market Trends to 2024 Top Manufactures General Motors, Navistar, Volvo, Toyota, Ford, Volkswagen, Ashok Leyland

10-15-2018 08:16 AM CET | Industry, Real Estate & Construction

Press release from: marketstudyreport.com

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Heavy-Duty Trucks Market, Global Heavy-Duty Trucks Market Size, Heavy-Duty Trucks Industry, Heavy-Duty Trucks Market Trends

Heavy-Duty Trucks Market, Global Heavy-Duty Trucks Market Size, Heavy-Duty Trucks Industry, Heavy-Duty Trucks Market Trends

Market Study Report recently introduced new title on “2017-2024 Global Heavy-Duty Trucks Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

Heavy-Duty Trucks Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.

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.

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. Heavy Duty Trucks Market size is estimated to surpass USD 160 billion by 2024; according to a new research report.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/668584/

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.

Rise in labor cost, particularly in several emerged economies, coupled with fluctuation in the raw material prices may act as a restrain to the industry growth. Furthermore, economic uncertainty in several European countries may hamper the business expansion.

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Natural gas will generate demand at over 160 thousand units in the heavy duty trucks market by 2024. Improved fuel efficiency and growing preference toward low emissions will support the industry expansion. Rising number of natural gas filling stations coupled with superior mileage offered by the product will propel the industry demand.

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.

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.

Table of Content:

Chapter 1 Heavy-Duty Trucks Market Methodology & Scope

Chapter 2 Heavy-Duty Trucks Market Executive Summary

Chapter 3. Heavy-Duty Trucks Market Industry Insights

Chapter 4. Heavy-Duty Trucks Market, By Class

Chapter 5. Heavy-Duty Trucks Market, By Fuel

Chapter 6. Heavy-Duty Trucks Market, By Application

Chapter 7. Heavy-Duty Trucks Market, By Region

Chapter 8 Heavy-Duty Trucks Market Company Profiles

For more information on this report, Please visit at: https://www.marketstudyreport.com/reports/heavy-duty-trucks-market/?utm_source=OPR-SP

Related Report:

United States Heavy-duty Trucks Market Report 2018

In this report, the United States Heavy-duty Trucks market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

Geographically, this report splits the United States market into seven regions: The West, Southwest, The Middle Atlantic, New England, The South, The Midwest
with sales (volume), revenue (value), market share and growth rate of Heavy-duty Trucks in these regions, from 2013 to 2025 (forecast).

https://www.marketstudyreport.com/reports/united-states-heavy-duty-trucks-market-report-2018?utm_source=RR-SP

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