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What's Trending in the Heavy-Duty Trucks Market? Growth Rate (4%) | Volvo Trucks(EU), Volkswagen AG(EU), Scania Group(EU), PACCAR(US), Navistar(US), Kenworth Truck(US), Ford Motor Company(US), Daimler AG(EU)

05-02-2019 07:09 AM CET | Logistics & Transport

Press release from: Global Market Insights, Inc.

What's Trending in the Heavy-Duty Trucks Market? Growth Rate

Asia Pacific heavy-duty truck market will exhibit significant growth over the forecast period owing to rising commercialization, establishment of new manufacturing plants, and adoption of technological advanced vehicles across the region. Additionally, increasing demand from countries including China, Japan, and India with high concentration of industry participants coupled with rising truck production will further proliferate the industry size.

Request For Sample Copy Of This Report @ www.gminsights.com/request-sample/detail/2015

Natural gas will witness over 2% CAGR from 2019 to 2025 owing to higher efficiency and lower carbon emission. Stringent government regulations for regulating emissions from these vehicles along with higher costs associated with upgrading diesel engines to advanced Euro norms further strengthens the market expansion over the study timeframe. Additionally, the presence of expanded network of natural gas infrastructure and fueling stations across major countries are boosting the heavy-duty truck market share over the study timeframe.

Company Profiled:

1. Ashok Leyland
2. Daimler AG
3. Dongfeng
4. Eicher Motors Limited
5. Ford Motor Company
6. Freightliner
7. Isuzu Motors
8. Kenworth
9. MAN SE
10. Navistar
11. Oshkosh Corporation
12. Paccar
13. Peterbilt
14. Scania AB
15. Tata Motors
16. Volkswagen
17. Volvo

Make an inquiry before buying this report @ www.gminsights.com/inquiry-before-buying/2015

The truck industry is also witnessing the advent of multiple technological advancements including active and passive safety technologies, autonomous driving, improvements in engine systems, along with advanced driver assistance systems, that contributes significantly towards improving the overall truck driving experience along with enhancing safety. For instance, in 2017, Volvo introduced its Wave Piston technology that enables for efficient burning and delivery of power, thereby improving the vehicle efficiency along with engine performance at diversified conditions significantly.

Heavy-Duty Truck Market, By Class

Class 5
Class 6
Class 7
Class 8

Heavy-Duty Truck Market, By Fuel

Diesel
Natural gas
Hybrid electric vehicle
Gasoline

Heavy-Duty Truck Market, By Application

Agriculture
Logistics
Construction
Mining
Others

The proliferating demand for Class 8 trucks is attributed to its increasing applications across a wide range of industries including construction, mining, and agricultural applications. Additionally, industry participants are continuously investing in R&D for developing alternative powertrains for powering such trucks. For instance, in 2018, Nikola announced the launch of its class 8 trucks that are powered by both electricity and hydrogen fuel cell, offering a combined range of up to 1,200 miles per charge.

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

Key industry players in the heavy-duty truck market place include Daimler AG, VW Group, Scania, MAN and Volvo Trucks. Strategic joint ventures and partnerships are among the prominent strategies adopted by industry players for improving their market share. For instance, in September 2018, Traton Group announced its expansion plan by establishing a joint venture with CNHTC Group. This strategy enabled the company to felicitate localization of its trucks and improve its presence in the Chinese market.

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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