openPR Logo
Press release

Heavy-Duty Trucks Market Statistics & Future Growth 2019-2025| FAW Group Corporation, Daimler Trucks, Mack Trucks, Iveco, Scania, Volvo Trucks, PACCAR, Ashok Leyland, MAN Trucks & Bus, and Tata Motors

03-18-2020 07:34 PM CET | Logistics & Transport

Press release from: Adroit Market Research

Global Heavy Trucks has various application, mostly depending on the end user requirement. The report also provides the various key strategies adopted by the leading players as the demand is increasing from emerging economies such as the Asia Pacific.

Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/879

Current heavy-duty Trucks market share is derived on the basis of a thorough understanding of the forecast and dynamics of heavy-duty trucks in various geographies. Also, the heavy-duty trucks market size has also been laid down based on Porter's Five Forces Analysis for the industry players' decision making.

The global heavy-duty Trucks market size was USD 165.5 billion in 2017 and is expected to grow to USD 225.9 billion in 2025 due to the rising freight transportation owed to thriving economic situations. Increasing international, as well as domestic trade activities, is a key factor in creating lucrative breaks for the development of the target market globally. Speedy industrial development is causing huge scale assembly and delivery of goods, which creates the demand for expanded transport fleet size. Improved supply chain management (SCM) coupled with altering trade policies are fuelling the global market share value. The rising consumer preference for advanced driver assistance technologies and security features is escalating the target market.

Read complete report at: https://www.adroitmarketresearch.com/industry-reports/heavy-duty-trucks-market

Moreover, the growing e-commerce market worldwide is contributing to augment the freight shipments and the bulk size of the goods. Booming e-commerce market combined with a better supply network is offering a positive outlook for the target industry growth. Pouring demand for commercial vehicles, which are offering greater payload carrying bulks for mining and construction applications will offer significant growth projections for the heavy-duty trucks market.

The government initiatives in the improvement of lower-emission heavy-duty trucks are also a major factor boosting the global market of heavy-duty trucks within the forecast period. For instance, Truck Industry Council, European Commission, California Air Resources Board, Environmental Protection Agency, and the Ministry of the Environment (MOE) have taken initiatives to improve performance-based criteria for lowering the whole environmental effect. For instance, the European Commission announced a proposal to set the newer CO2 emission criteria for heavy-duty trucks on 17 May 2018.

The global heavy-duty trucks market is segmented on the basis of types, includes self-managed fleet and non-self-managed fleet. The self-managed fleet, had the highest market share in 2017 followed by a non-self-managed fleet owing to its benefits such as managing and monitoring costs and maintaining control. However, the non-self-managed fleet is expected to grow with the highest CAGR of 4.1% in the given time frame.

Based on the application, the target market is further divided into construction, mining, logistics, and others. Among these, the construction sector had the highest market share in 2017 and is expected to dominate during the forecast period. The logistics sector is anticipated to attain a growth rate of 36.6% in the given timeframe owing to the factors such as the rising domestic and international trade activities and road freight dominates freight transportation.

The major players in this industry include FAW Group Corporation, Daimler Trucks, Mack Trucks, Iveco, Scania, Volvo Trucks, PACCAR, Ashok Leyland, MAN Trucks & Bus, and Tata Motors. To tap into an emerging market, global players focus on the constant introduction of advanced connectivity solutions such as smart fleet management and common telematics platforms. For instance, in 2017, Robert Bosch GmbH announced to connect heavy commercial trucks to the telematics platforms worldwide, it was developed in the association with Daimler Trucks and Fleet board.

Get 10% discount on purchase at: https://www.adroitmarketresearch.com/researchreport/purchase/879

Key segments of the global heavy-duty Trucks market

Type Overview, 2015-2025 (USD Million)

Self-Managed Fleet
Non Self-Managed Fleet
Industry Overview, 2015-2025 (USD Million)

Construction
Mining
Logistics
Others
Regional Overview, 2015-2025 (USD Million)

North America
U.S.
Canada
Rest of North America
Europe
UK
Germany
Rest of Europe
Asia-Pacific
India
China
Rest of Asia-Pacific
Rest of the World

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX75204, U.S.A.
Phone No.: USA: +1 972-362 -8199/ +91 9665341414

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Heavy-Duty Trucks Market Statistics & Future Growth 2019-2025| FAW Group Corporation, Daimler Trucks, Mack Trucks, Iveco, Scania, Volvo Trucks, PACCAR, Ashok Leyland, MAN Trucks & Bus, and Tata Motors here

News-ID: 1974262 • Views:

More Releases from Adroit Market Research

Subscription and Billing Management Market Analytical Overview and Growth Opportunities by 2031 | Adroit Market Research
Subscription and Billing Management Market Analytical Overview and Growth Opport …
A sort of software called subscription and billing management is used to speed up the payment process for companies that provide subscription services and depend on recurring payments. Subscription and billing management solutions automate the billing procedure to lower the possibility of errors, increase client satisfaction, and give companies access to comprehensive reporting tools. Businesses can customise subscription packages, automate billing, provide customer self-service options, manage subscriptions across various payment
Smart Office Solution Market Key Players, End User Demand and Analysis Growth Trends by 2032 | Adroit Market Research
Smart Office Solution Market Key Players, End User Demand and Analysis Growth Tr …
Innovative technologies called "smart office solutions" are created to optimise and enhance an office space's daily operations. They usually concentrate on automating repetitive processes, improving cooperation and communication, increasing staff productivity and workflow, and offering real-time insights into operational performance. The goal of smart office solutions is to help businesses save money and operate as efficiently as possible. They provide services that include cloud-based document management systems, CRM platforms, enterprise
Rewards and incentives Market 2023 Growing Rapidly with Modern Trends, Industry Share, Future Business Prospect by Forecast to 2032
Rewards and incentives Market 2023 Growing Rapidly with Modern Trends, Industry …
Rewards and incentives are expressions of appreciation and acknowledgement offered to people or groups to acknowledge their efforts, achievements, or performance. Rewards and incentives have the power to inspire workers, boost engagement, boost morale, and promote constructive behaviour at work. They may be given in the form of monetary awards or non-financial incentives like praise from others, promotions, extra vacation time, or other forms of remuneration. Rewards and incentives are
Open-Source Intelligence Market Report Covers Opportunities, Industry CAGR, Demand, Development Factors and forecast to 2031
Open-Source Intelligence Market Report Covers Opportunities, Industry CAGR, Dema …
The process of gathering and analysing information that is readily accessible to the public to produce intelligence that can be used to guide decisions is known as open-source intelligence (OSINT). Open-source intelligence is used to understand a company's or organization's operating environment, including its rivals, clients, suppliers, and potential threats. It is a technique for gathering intelligence that makes use of easily accessible and widely available data sources like the

All 5 Releases


More Releases for Truck

Commercial Truck Leasing Market Report- Applications, Type, Deployment, Organiza …
The Commercial Truck Leasing Market research report presents an intensive and coordinated exploration of the current circumstance, market key elements, Commercial Truck Leasing Market methodologies, and central participants' development in the business. The investigation helps controllers and corporate leaders in developing cost-effective decisions. Commercial Truck Leasing Market provides an evenhanded and extensive assessment of existing examples, factors, obstacles, limits, headway, possibilities/quick development areas that will help partners create business plans
Truck Rental and Leasing Market: Year 2020-2027 and its detail analysis by focus …
The research report provides a big picture on "Truck Rental and Leasing market" 2027, on a global basis, offering a forecast and statistic in terms of revenue during the forecast period. This report covers detailed segmentation, complete R & D history, and explanatory analysis including the latest news. Furthermore, the study explains the future opportunities and a sketch of key players involved in the Truck Rental and Leasing hike in
Semi-Autonomous Truck Truck Market to Witness Robust Expansion by 2025
LP INFORMATION recently released a research report on the Semi-Autonomous Truck Truck market analysis, which studies the Semi-Autonomous Truck Truck's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global "Semi-Autonomous Truck Truck Market 2020-2025" Research Report categorizes the global Semi-Autonomous Truck Truck market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players
Forklift Truck Market - The Eco-Friendly Future Of The Forklift Truck, Factors W …
Forklift Truck Market 2020-2030: Forklift truck, also called lift truck or fork truck, is a truck used to lift and move material from one place to another. Japan, China, and India are the major economies in Asia-Pacific that contribute to the adoption of forklift trucks. In addition, China's fast-growing e-commerce sector drives the demand for electric forklift trucks such as LMH?EUR(TM)s newly developed pallet stacker. Moreover, stringent government regulations related
Truck Rental and Leasing Market Outlook to 2027 - Budget Truck Rental, DeCarolis …
MARKET INTRODUCTION Truck rental and leasing broadly include the set of professional and/or managed vehicle offered by numerous fleet owners for transportation of industrial or commercial goods. Presently a significant number of market players operate in the market that offer commercial rental and leasing related vehicles for wide range of commercial end-users. Some of the commonly available industry vertical utilizing truck rented or leased trucks are manufacturing, logistics provider, consumer goods,
Global Truck Cap Cover Market 2019 Industry Analysis : TAG, Truck Hero, Knapheid …
Truck Cap Cover Market 2019 Research report contains a qualified and in-depth examination of Truck Cap Cover Market. At first, the report provides an overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin. It also covers detailed competitive outlook including the Truck Cap Cover market share and company profiles of the key participants operating in the global market. Short