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(2019-2024) | Heavy Duty Trucks Market | General Motors, Daimler AG, Eicher Trucks and Buses, Ford Motor Company, Nissan Motor Corporation, Tata Motors, Volvo Trucks, Volkswagen AG, Toyota Motor Corporation

01-23-2019 11:49 AM CET | Media & Telecommunications

Press release from: Global Market Insights, Inc

/ PR Agency: Automotive Industry
Heavy-Duty Trucks

Heavy-Duty Trucks

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

Get Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/2015

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.

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.

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 industry 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. Driven by the extensive product penetration across mining, construction, agriculture, and logistics sector.

Heavy Duty Trucks Market by Class

• Class 5
• Class 6
• Class 7
• Class 8

Heavy Duty Trucks Market by Fuel

• Diesel
• Natural gas
• Hybrid electric vehicle
• Gasoline

Heavy Duty Trucks Market by Application

• Agriculture
• Logistics
• Construction
• Mining
• Others

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2015

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.

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.

In 2016, class 5 contributed to over 12% of the overall industry share in terms of volume. This can be credited to superior features including wide usage in construction and logistic sectors. Furthermore, sturdy development in the manufacturing, particularly from emerging countries, is anticipated to further support the industry growth.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/heavy-duty-trucks-market

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.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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