Heavy Duty Truck Market Size, Geography Trends, Top Manufacturers, Growth Factors, Business Strategy and Forecast 2027 | Daimler AG, Tata Group, China National Heavy Duty Truck Group Co.,Ltd

Heavy Duty Truck Market is valued at USD 132,000 Million in 2018 and expected to reach USD 182,054 Million by 2025 with the CAGR of 4.7% over the forecast period.

The rising number of loads, cargo, and goods transportation has increased the demand for heavy-duty truck market growth which is expected to boost the globalization and economic conditions. The growing number of international and domestic trade activities which are providing possible market opportunities for the operations business expansion, globally.

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Key Players -

The major players operating in the heavy duty truck market are Dongfeng Motor Corporation, Daimler AG, FAW Group, China National Heavy Duty Truck Group Co.,Ltd., Tata Group, BAIC Group, Daimler AG, Navistar International Corporation and Paccar, and Others

The rapidly growing industrialization has resulted in the growth for large scale goods production and distribution which further has contributed to the growth in the demand and expanded the market size for a heavy-duty truck. The changes in the trade policies coupled with improvements in supply chain and logistics management are driving the heavy-duty trucks market growth.

The increasing consumer preference for fully-equipped vehicles with advanced driver-assistive technologies and high safety features are playing an instrumental role in driving the growth of the heavy-duty truck market.

Moreover, rising consumers demand high value goods with an attractive cost is significantly contributing to the growth of the market and increasing goods volumes and shipments.

Booming e-commerce industry with advanced and improved distribution channel is also contributing to the growth of the heavy-duty truck market. There has been increased demand for vehicles which has high freight carrying capacities mainly in the construction and mining field which will provide a potential market growth for heavy-duty trucks.

With the introduction of innovative connectivity solutions like common telematics platforms and smart fleet management which are positively encouraging the adoption for new heavy-duty trucks. The combination of smart communication networks which includes GPS and Bluetooth connectivity are highly improving the logistics processes and decreasing the transportation interruption.

In 2017, Freightliner has introduced new Cascadia in the market which is equipped with Detroit connect suite technology. It offers impressive safety characteristics and better fuel efficiency performance. Additionally, favorable government policies and initiatives which are more focusing on the development of heavy-duty trucks with lower emission.

This factor is also contributing to the growth of the market. Some of the government authorities like the Ministry of the Environment, California Air Resources Board, Truck Industry Council, Environmental Protection Agency, and European Commission are focusing on the development of high performance-based standards to reduce the impact on the environment.

Increasing Industrialization and Technological Advancement are the Major Factors Driving the Growth of This Market

The increasing industrialization is one of the key factors boosting the heavy-duty truck market growth. The advancement in transportation such as the introduction of GPS tracking and Bluetooth coupled with growth in the logistics sector are also contribute to the growth of urbanization and industrialization which indirectly driving the growth of the market.

The rising popularity and expansion of e-commerce platform have also increased the distribution channel and increased the demand for logistics facilities which play an instrumental role in boosting the market growth of heavy-duty truck.

Key Benefits for Market Report–

• Global market report covers in depth historical and forecast analysis.
• Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global market report helps to identify opportunities in market place.
• Global market report covers extensive analysis of emerging trends and competitive landscape.

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Market Segmentation:-

By Type:

• Class 5
• Class 6
• Class 7
• Class 8

By Fuel Type:

• Diesel
• Petrol
• Natural gas
• Gasoline
• Hybrid Electric Vehicle
• Others

By Application:

• Logistics
• Agriculture
• Construction
• Mining
• Others

By Regional & Country Level:

• North America

o US.
o Canada

• Europe

o UK.
o France
o Germany
o Italy

• Asia Pacific

o China
o Japan
o India
o Southeast Asia

• Latin America

o Brazil
o Mexico

• Middle East and Africa

o GCC
o Africa
o Rest of Middle East and Africa

Global Heavy Duty Truck Market Research Reports 2021 – 2027

Chapter 1 Heavy Duty Truck Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Productions, Revenue (Value) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Productions, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Heavy Duty Truck Market Forecast

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