openPR Logo
Press release

Will The Extensive Use Of Trucks In Construction Boost The Global Heavy-Duty Trucks Market Size During 2019-2025?

05-03-2021 04:58 PM CET | Logistics & Transport

Press release from: Global Market Insights

Heavy-Duty Trucks Market

Heavy-Duty Trucks Market

Heavy duty trucks market size is garnering considerable growth worldwide attributing to the surging domestic and international trading activities. Substantial increase in the adoption of heavy-duty trucks for catering the construction and logistics industries has augmented the market demand during 2019-2025.

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 industry expansion.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2015

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.

The onset of technological developments such as autonomous driving, enhancements in engine systems, tire pressure management, and others are supplementing the industry expansion over the forecast period.

Moreover, stringent regulatory norms addressing the improvement in global transportation network are also fostering the market growth.
The global heavy-duty trucks market size is anticipated to record an overall valuation of nearly USD 260 billion by 2025, as cited by a Global Market Insights, Inc., research report.

How will the rising deployment of natural gas in various heavy-duty trucks contribute towards the growth of global heavy-duty trucks market trends?
The global heavy-duty trucks industry, as per the fuel spectrum, is segmented into 4 different categories- natural gas, gasoline, diesel, and hybrid electric vehicle.

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 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.
As per estimates, the natural gas segment is expected to record a CAGR of 2 per cent through 2025.

Are construction based heavy-duty trucks impacting the growth trajectory of the global heavy-duty trucks business?

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.

Ask For Customization According to COVID-19 Impact Analysis @ https://www.gminsights.com/roc/2015

How does heavy-duty trucks industry outlook seem like, considering the contribution of pivotal regions?

APAC has been considered to be an outpacing region for the global heavy-duty trucks market since the last few years and is projected to progress at a prodigious pace in the ensuing years. This growth can be aptly attributed to the burgeoning commercialization, advent of advanced manufacturing plants, and adoption of technologically innovated vehicles across the region.

Furthermore, rising demands for heavy-duty trucks from the growing economies of the region like China, India, and Japan would propel the business growth.

In terms of the geographical growth, North America is predicted to emerge as a strong contender in the global heavy-duty trucks market accounting to the dominance of major manufacturers in the region. Some key factors impelling the regional growth include, escalating freight demands, increasing affluence amongst the developing nations, and expanding industrial and construction activities.

Table of Contents (ToC) of the report:

Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and forecast parameters
1.1.4.1. Definitions
1.1.4.2. Assumptions, methodology and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary

Chapter 2. Executive Summary
2.1. Heavy-duty trucks industry 360° synopsis, 2016 – 2026
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Class trends
2.1.4. Fuel trends
2.1.5. Horsepower trends

Chapter 3. Industry Insights
3.1. Industry segmentation
3.2. Impact of COVID-19 on heavy-duty trucks industry landscape
3.2.1. Global outlook
3.2.2. Regional impact
3.2.2.1. North America
3.2.2.2. Europe
3.2.2.3. Asia Pacific
3.2.2.4. Latin America
3.2.2.5. MEA

Get Complete Synopsis of the Report @ https://www.gminsights.com/toc/detail/heavy-duty-trucks-market

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

About Global Market Insights, Inc.
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.

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 Will The Extensive Use Of Trucks In Construction Boost The Global Heavy-Duty Trucks Market Size During 2019-2025? here

News-ID: 2279040 • Views: 121

More Releases from Global Market Insights

How will elevating industrial applications propel fumed silica market forecast?
According to a recent report by Global Market Insights, Inc., fumed silica market size is projected to reach USD 2.3 billion by 2027. Applications of the substance are spread across the numerous industries such as cosmetics, pharmaceutical, adhesives & sealants, silicone elastomers, paints & coatings, etc. owing to its ability to improve the efficiency of production processes. It enhances and maintains the quality of products that are manufactured in these
What drivers will boost adhesives and sealants market growth through 2027?
According to a recent study by Global Market Insights, Inc., the adhesive and sealants market valuation is anticipated to exceed USD 64.7 billion and USD 15 billion respectively by 2027. The industry is driven by an upsurge in acquisition and merger activities by major market participants. Surging customer inclination towards modern lifestyle and the increasing social media influence for wearable products are expected to open up attractive opportunities for the
Metal Foam Market 2021 Growth Analysis & Forecast to 2027 | Key players are Read …
As per Global Market Insights, Inc. estimates, the global metal foam market size is expected to surpass $96.5 million by 2027. Robust demand for lightweight and high-strength machinery in the aerospace industry will give the global metal foam market size a significant boost over the forecast spell. Rapid urbanization and rising spending power of consumers across the globe have resulted in an increased demand for air travel, owing to high convenience
Automotive Composites Market 2021 Competitive Insights, Trends and Demand Growth …
Rising prevalence of hybrid and electric vehicles in order to conform to fuel-efficiency standards is likely to impel automotive composites market outlook over the foreseeable future. Automotive composites are light-weight materials that are adopted in producing multiple automotive interior, exterior, as well as other auxiliary systems and components in vehicles. Increasing adoption of these composites for weight reduction in hybrid and electrically powered vehicles will assert a positive influence on global

All 5 Releases


More Releases for Heavy

Shipbuilding Market 2020 Comprehensive Insights- Hyundai Heavy Industries Co. Lt …
Global Shipbuilding Market Report 2020 is a comprehensive, professional report provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market. The report provides with CAGR value changeability during the forecast period for the market. The report covered key aspects like the existing market conditions, the pace of growth and CAGR in the forecast period. The Global Shipbuilding Market was valued at USD
Medium & Heavy Trucks in Scandinavia
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in Scandinavia to its growing collection of premium market research reports. Medium & Heavy Trucks in Scandinavia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the
Medium & Heavy Trucks in Spain
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in Spain to its growing collection of premium market research reports. Medium & Heavy Trucks in Spain industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the
Medium & Heavy Trucks in Singapore
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in Singapore to its growing collection of premium market research reports. Medium & Heavy Trucks in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the
Heavy Power Surgical Tools Market
Heavy power surgical tools market is experiencing upward trajectory growth, presenting opportunities for medical device manufacturers worldwide. Despite the ongoing slowdown industry has witnessed owing to Great Recession, market is expected to create good market opportunities to players driven by increased healthcare spending and increasing number of orthopedic cases worldwide. Heavy duty surgical tools are used during orthopedic surgeries that help in reliving the traumatic pain. Though the market was
Global Liquified Natural Gas Tanker Market 2017 : Samsung Heavy Industries, Mits …
A market study based on the "Liquified Natural Gas Tanker Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Liquified Natural Gas Tanker Market 2017’. The research report analyses the historical as well as present performance of the worldwide Liquified Natural Gas Tanker industry, and makes predictions on the future status of Liquified Natural Gas Tanker market on the basis of this analysis. Get Free