Press release
Big Rig Trucks Market Projected to Garner Significant Revenues by 2031 investigated in the latest research
Big Rig Trucks Market Forecast and CAGRThe demand for big rig trucks expected a temporary decline in 2020 owing to the COVID-19 outbreak globally. Several challenges faced by OEMs in the industry such as suspension of the manufacturing process and shortage of raw materials.
Decreasing consumer disposable income and rising financial insecurities circumscribed the automobile industry growth and hampered the overall market size in 2020.
Request for Sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=6386
Key Segments
By Class
Class 7
Class 8
Class 9
By Technology
Manual
Automatic
Semi-Automatic
By Fuel types
Diesel
Natural gas
Electric
Hybrid
By End-use Industry
Tank trucks
Concrete transport trucks
Refrigerator trucks
Garbage trucks
Dump trucks
Log carriers
Mobile cranes
By Application
Freight and Logistics
Construction and Mining
Other
By Region
North America
US & Canada
Latin America
Brazil, Mexico, Others
Western Europe
EU5
Nordics
Benelux
Eastern Europe
Asia Pacific
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of Asia Pacific
Japan
Middle East and Africa
GCC Countries
Other Middle East
South Africa
Other Africa
* Full Segmentation Available on Demand*
Request Customized Report as Per Your Requirements – https://www.factmr.com/connectus/sample?flag=RC&rep_id=6386
Who are the Key Manufacturers and Suppliers of Big Rig Trucks?
Some of the leading manufacturers and suppliers of big rig trucks include Navistar International Transportation Corporation, Ford Motor, Daimler Trucks, Isuzu, PACCAR, Mack, Trucks Inc., Volvo, First Auto Works (FAW), Sinotruk and BAIC Foton
The big rig trucks manufacturers are involved in developing effective relations with suppliers for ensuring timely delivery of the products to meet the demand of the consumer and expand their geographical presence.
For instance, in 2020, Uuebec committed to serving trucks for emergency assistance, Kenworth announced the parts and service facility opening in Saint-Augustin, USA. Peterbilt also announced their new full-service dealership opening in Ggray, Louisiana, US.
A company named Navister launched a Diamond Partnership Program in 2019 to connect international dealers in the big rig trucks market with truck manufacturers and provide them benefits of streamlining installation efforts. This helps the manufacturer to strengthen its relationship with truck dealer.
Mining Sector Witnessing for High Volume Requirement of Big Rig Trucks
Automotive sales across the globe got badly affected by the impact of COVID-19, which led to a ripple effect on big rig trucks sales. Rapid growth in the mining sector witnessing the demand for big-rig truck globally. The demand for heavy loader has been growing with the increase in new coalfield exploration. These trucks designed in such a way that they can withstand heavy load, high shocks and can be used even on off roads.
Mining work can be two types, Open-pit mining and underground mining. Based on the mining work big rig trucks (bottom dump trucks, rear dump trucks, lube trucks, water trucks, tow trucks etc.) are chosen.
Mining companies across the globe asking for high payload capacity trucks with low fuel consumption and higher efficiency to achieve daily mining activity with ease. Worldwide most of the developing economies are focusing on rapid mining recovery which leads to the requirement of mining trucks.
Governments are also allotting several new mining sites with higher capacity. For instance, the Chinese government approved two coal mines with approx. capacity of 3.6 million tons affecting the country’s production to reach 1.48 billion tonnes during the same time frame.
Explore Fact.MR’s Trending Report – https://www.einpresswire.com/article/557298123/demand-for-independent-front-suspension-is-estimated-to-remain-high-owing-to-the-system-of-better-handling-stability
Why choose Fact.MR?
Reports published by Fact.MR are a result of the combination of our experts and digital technologies. We thrive to provide innovative business solutions to the clients as well as tailor the reports aligning with the clients’ requisites. Our analysts perform comprehensive research to offer ins and outs of the current market situation. Clients across various time zones tend to utilize our 24/7 service availability.
Explore Fact.MR’s Comprehensive Coverage on Industrial Goods Domain:
Utility Locator Market - https://www.factmr.com/report/5411/utility-locator-market
Firestop Sealants Market - https://www.factmr.com/report/3646/firestop-sealants-market
Centrifugal Chiller Market - https://www.factmr.com/report/4231/centrifugal-chiller-market
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
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 Big Rig Trucks Market Projected to Garner Significant Revenues by 2031 investigated in the latest research here
News-ID: 2521335 • Views: …
More Releases from Fact.MR
Liquid Biopsy Market to Hit USD 24.70 Billion by 2033 | Key Players Covered: Bio …
The global liquid biopsy market size is estimated at US$ 4.72 billion in 2023 and is forecasted to expand rapidly at a CAGR of 18% to reach a valuation of US$ 24.70 billion by 2033, according to a newly released market study of liquid biopsy by Fact.MR, a market research and competitive intelligence provider. This growth is driven by the increasing demand for non-invasive cancer diagnostics, advancements in next-generation sequencing…
Artificial Kidney Market is Growing at a CAGR of 13% by 2033 | Key Players: Kawa …
Artificial Kidney Market is valued at USD 1.5 billion in 2023 and is projected to surge ahead at a CAGR of 13% to reach a market size of USD 5.3 billion by the end of 2033. This robust growth is driven by the increasing prevalence of chronic kidney disease (CKD) and end-stage renal disease (ESRD), affecting millions worldwide, and the limitations of current dialysis treatments. Artificial kidneys, including wearable and…
Artificial Intelligence (AI) in Retail Market is Projected to Reach USD 138.3 Bi …
The global artificial intelligence (AI) in retail market is forecast to reach USD 138.3 billion by 2035, up from USD 9.8 billion in 2025. During the forecast period, the industry is projected to register at a CAGR of 30.3%. AI-driven personalization enhances customer engagement through tailored recommendations and experiences. AI-powered demand forecasting optimizes inventory management and reduces operational inefficiencies. This rapid expansion is fueled by the increasing adoption of AI…
Mining Automation Market is Expected to Reach USD 8.4 Billion by 2035 | Fact.MR …
The global mining automation market is forecast to reach USD 8.4 billion by 2035, up from USD 4.5 billion in 2025. During the forecast period, the industry is projected to register at a CAGR of 6.4%. This growth is driven by the increasing demand for minerals, the need for sustainable and low-emission operations, labor shortages, and enhanced safety in hazardous environments. Technological advancements in AI, IoT, robotics, and digital twins…
More Releases for Trucks
Skateboard Trucks Market Scope, Future Prospects And Competitive Analysis 2021 t …
Analysis of the market growth is shown with accurate precision during this Skateboard Trucks market report. This includes an in depth market outline like snapshots that offer in-depth data of various segmentations. It shows the capable opportunities that in the market and advance towards that direction eventually. The market report could be a broad framework of the general market state of affairs that shows the trail to the business entrepreneurs…
What's driving the Heavy Duty Trucks Market trends? Daimler Trucks, MAN, PACCAR, …
Market Study Report LLC adds new research on Heavy Duty Trucks market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Heavy Duty Trucks market also includes an in-depth study of the industry competitive scenario.
Heavy-duty (HD) trucks come under heavy-duty commercial vehicles and are used…
Heavy-Duty Trucks Market Scenario & Industry Analysis 2019-2025| FAW Group Corpo …
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.
Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/879
Speedy industrial development is causing…
Heavy-Duty Trucks Market Statistics & Future Growth 2019-2025| FAW Group Corpora …
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…
What's driving the Heavy Duty Trucks Market Share? Daimler Trucks, MAN, PACCAR, …
Market Study Report LLC adds new “Global Heavy Duty Trucks Market Research Report 2019” new report to its research database. The report spread across 109 pages and 113 table and figures in it. The report provides information on industry trends, demand, top manufacturers, countries, material and application.
Heavy-duty (HD) trucks come under heavy-duty commercial vehicles and are used for cargo transportation, logistics operations, construction, mining, and agricultural fields for various functions.…
Global Heavy-duty Trucks Market 2019 Industry Analysis : Daimler Trucks, MAN, PA …
Heavy-duty Trucks Market 2019 Research report contains a qualified and in-depth examination of Heavy-duty Trucks 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 Heavy-duty Trucks market share and company profiles of the key participants operating in the global market.
Short Description about Heavy-duty…
