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Heavy Ground Transportation Vehicles keep Thriving in Western Europe

03-16-2023 04:46 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Heavy Ground Transportation Vehicles keep Thriving in Western

The Western Europe heavy ground transportation vehicles industry by 2030, will be valued at USD 271.5 billion. Mainly because of automotive technology developments, rapid urbanization, and commercial activity development.

In 2020, in Europe, only 1% of new registrations were for zero carbon release heavy-duty vehicles (HDVs). Around 95% were battery-powered, and fuel-cell electric types of machinery were marginally existing.

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Why Are Trucks So Vital in Western Europe?

Road cargo transport is the backbone of trade and business in the Western European region.
• Trucks bring 78% of all cargo transported over land in the European continent.

• Trucks occupation as part of a logistics chain whose parts also include inland waterways, shipping rail, and air transport. While distinctly, each has its benefits, together they form an integrated system.
• The other transportation methods are also reliant on trucks to transfer cargo to and from ports, rail terminals, depots, and airfields.
• Not only do trucks are the most responsive economical and, flexible, mode of transportation for the huge majority of goods and cargo, but they are also vital to the working of the larger, combined European logistics and transportation system.
• Most of our daily requirements, including fresh food from the hypermarket or corner shop, clothing, electronics and appliances, and so on, rely on trucks at some point in the delivery chain.
• Several vital public services are transported by trucks, including garbage collection, construction, and fire services.

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Western Europe Bus Industry is Ruled by France

France fascinates individuals of all ages with some of the globe's most- prominent landmarks, world-class architecture and art, an amazing amount of history, and stunning countryside, which encourages tourism in the nation. In 2021, France held the largest revenue share, of approximately 30%, in the Western European bus market.

Therefore, travelers and daily commuters are the major factors behind the development of the bus industry in the country. Furthermore, the government encourages the manufacturing of EVs and the setup of the needed charging infrastructure, in order to boost the acceptance of electric mobility in the nation.

Western Europe Truck Industry
As trade activities surge in the region, the need for trucks will increase. Trade needs effective goods transport solutions, which increases the development of the truck industry in Western Europe. Furthermore, the industry is supported by trade agreements between neighbouring nations.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

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