03-15-2019 12:37 PM CET - Logistics & Transport
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Global Commercial Vehicles (Truck) Market to witness significant growth by the end of 2025 :Top keyplayer are Daimler, Volvo, Scania, Paccar, MAN, Navistar, Hino, Isuzu

Press release from: Kenneth Research



Global Commercial Vehicles (Truck) Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Commercial Vehicles (Truck) Market is continuously growing across the world over the coming years. The Commercial vehicles are commonly used as a medium of transport for different types of end use industries and they are helping in tasks such as unloading, loading and transportation of goods. Rising number of warehouses and storage facilities in both the developed and development countries, surging e-commerce sector, escalating construction industry and escalating FMCG industry are the substantial drivers of the market across the globe.

Moreover, policies regulating the adoption of vehicles, which are likely to creating lucrative opportunity in the near future. Further, commercial trucks improves control and reduces maintenance. These benefits also rising demand of Commercial Vehicles (Truck) among its users. However, high maintenance cost one of the major factors which limiting the market growth of Commercial Vehicles (Truck) across the world.

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The regional analysis of Global Commercial Vehicles (Truck) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to continuous investment in infrastructure projects and rising focus on in-house automotive production in the region. Europe is estimated to grow at moderate rate in the global Commercial Vehicle market over the upcoming years. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to rising road infrastructure and availability of effective workforce and raw material in the region.

The major market player included in this report are:

• Daimler
• Volvo
• Scania
• Paccar
• MAN
• Navistar
• Hino
• Isuzu

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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By Product:

Light Duty
Medium Duty
Heavy Duty

By End-User:

Construction
Industrial
Oil & Gas
Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Target Audience of the Global Commercial Vehicles (Truck) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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This release was published on openPR.
News-ID: 1656925 • Views: 467
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