Automotive High Performance Trucks Market 2021 Business Scenario- General Motors, Ford, Daimler AG, Toyota Motor Corporation, ISUZU and Mitsubishi Motor Corporation currently dominates it
The Auomotive High Performance Trucks Market is expected to register a growth rate of more than 4% during the forecast period, 2020 - 2025.
The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Automotive High Performance Trucks market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.
The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Automotive High Performance Trucks Market: General Motors, Ford, Daimler AG, Toyota Motor Corporation, ISUZU and Mitsubishi Motor Corporation currently dominates it
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- Daimler Trucks is planning to invest a total of more than EUR 2.5 billion in RandD during 2018-2019, to focus on the on-going trends of the automotive industry such as e-mobility, connectivity, and automated commercial vehicle technology.
Key Market Trends
Heavy-duty Truck Segment is Projected to Grow at a Fast Pace
The heavy truck segment is expected to exhibit a significant growth rate of more than 3% during the forecast period. The heavy-duty trucks have a gross vehicle weight of more than 16 metric ton. Factors such as demand for multi-axle systems, deployment of downsized engines, etc. are anticipated to boost vehicle performance.
In 2019 Europe and several Asia-Pacific countries recorded a decline in sales of Heavy Commercial Vehicles (HCV). Factors such as fluctuations in the growth of tourism and logistics sectors, slow economic growth and stringent trade policies were responsible for the low sales number. Asian countries such as Japan and India and North America region exhibited growth in HCV sales. A total of 351128 units of Heavy Trucks were sold in India till September 2019, 15% more than 304313 units recorded in 2018.
The mining industry recorded a profit of USD 66 billion in 2018, USD 5 billion more than the profit in 2017. Mining industry deploys heavy-duty trucks in large numbers and imptovements, advancments in the industry are propelling the sales of heavy-duty trucks.
The growth in construction, tourism and logistics activities across the world is expected to propel the demand for heavy-duty commercial vehicles during the forecast period. Chinas highly ambitious One Belt One Road initiative aims at construction of a unified market with geographies and countries through rail, sea routes and roads. Saudi Arabia's Neom Project aims at development of smart futuristic city with a total length of 460 kilometers and an area of 26500 square kilometers. The aforementioned developments are propelling the growth of high performance heavy duty trucks across the world.
The growing demand for achievement of economies of scales and operational efficiencies in several sectors is driving the heavy duty truck leasing and rental market and subsequently propelling the market growth for high performance .heavy duty trucks.
For a comprehensive understanding of market dynamics, the global Automotive High Performance Trucks market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
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Influence of the Automotive High Performance Trucks market report:
-Comprehensive assessment of all opportunities and risks in the Automotive High Performance Trucks market.
–Automotive High Performance Trucks market recent innovations and major events.
-Detailed study of business strategies for growth of the Automotive High Performance Trucks market-leading players.
-Conclusive study about the growth plot of Automotive High Performance Trucks market for forthcoming years.
-In-depth understanding of Automotive High Performance Trucks market-particular drivers, constraints, and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Automotive High Performance Trucks market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Automotive High Performance Trucks Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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