Press release
(2020-2025) Heavy-duty trucks Market Demand, Investment Feasibility and Forecast | Ashok Leyland, Volkswagen, Volvo, Daimler AG, Dongfeng, Eicher Motors Limited, Ford Motor Company, Freightliner, Isuzu Motors, Kenworth, MAN SE
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The competitive landscape of heavy-duty trucks witnesses various industry mammoths investing heavily in the research and development with an intent to manufacture robust engines. In fact, the automotive giant Tesla in 2017 rolled out its electric class 8 Semi Truck featuring advanced technologies, thereby contributing to the heavy-duty trucks market expansion.
A paradigm shift towards the adoption of downsized engines in tandem with smart hybrid technologies with an intent to enhance the fuel efficiency have triggered the business growth. As a matter of fact, several industry players are introducing multiple variants of trucks with varied payload capacities and engine configurations to serve a diverse range of customers, eventually proliferating the industry size.
Top Key Players Are:
Ashok Leyland, China National Heavy Duty Group, Daimler AG, Dongfeng, Eicher Motors Limited, Ford Motor Company, Freightliner, Isuzu Motors, Kenworth, MAN SE, Navistar, Oshkosh Corporation, Paccar, Peterbilt, Scania AB, Tata Motors, Volkswagen, Volvo
It is prudent to mention that the mounting construction activities across the globe have prompted the construction applications to hold a substantial stake in the global heavy-duty trucks market share during the mentioned timespan.
The higher loading capacities of the trucks in tandem with robust torque and power have enabled the heavy-duty trucks to gain appreciable traction in the construction sector.
Moreover, enhanced technological innovations in the trucks have stimulated the business dynamics over the years.
The global heavy-duty trucks Market, as per the fuel spectrum, is segmented into 4 different categories- natural gas, gasoline, diesel, and hybrid electric vehicle.
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The natural gas segment is expected to perform commendably over the forecast period owing to its higher efficiency and reduced carbon footprint. Also, the strict regulatory reforms pertaining to regularizing the emissions from heavy-duty trucks market would boost the growth of natural gas based heavy-duty trucks market size.
In addition to that, refining natural gas infrastructure alongside expanded grid of fueling stations would permit the industry to leverage hefty proceeds by the end of 2025.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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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.
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