Press release
Heavy Duty Trucks Market to reach USD 541.90 Bn by 2029, emerging at a CAGR of 5.1 percent and forecast 2023-2029
Heavy Duty Trucks Market
The comprehensive report delves into the Heavy Duty Trucks Market, exploring its dynamics, drivers, and challenges. The research methodology encompassed a broad range of primary and secondary sources, including experts from high-performance truck OEMs and Tier I suppliers, as well as organizations such as the International Council on Clean Transportation (ICCT) and the Green Truck Association (GTA). The analysis further utilized data from OEM websites, annual reports, and premium databases like Factiva and Bloomberg.
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Heavy Duty Trucks Market Research Methodology:
The Heavy Duty Trucks Market is propelled by a surge in infrastructure development and cargo demand, prompted by substantial investments in road network enhancement worldwide. However, carbon emissions from diesel fuel consumption pose a challenge, necessitating advancements in cleaner and more fuel-efficient road freight trucks. The transition to electric and hybrid trucks, driven by strict emission norms, is expected to reshape the market landscape. Companies like Tesla, BYD, Volvo, and Mercedes-Benz are introducing electric truck models to drive this transformation.
What are Heavy Duty Trucks Market Dynamics:
The strict emission norms set by governments are expected to drive market for hybrid electric segment in forecast period. Advanced software programs are being created by the European Commission (EC) to calculate fuel use and CO2 emissions. Market players are releasing new models of fully electric and hybrid heavy-duty trucks in response to these policy changes in North America and Europe.
Heavy Duty Trucks Market Regional Insights:
Asia Pacific dominates the market in terms of volume, with trucks playing a pivotal role in the region's transportation sector. Regulatory shifts and consumer preferences for premium trucks in Asia Pacific are poised to drive industry growth. The region's upcoming major events like the Olympics are expected to further boost demand for high-performance trucks. The Rest of the World (RoW) market, including Brazil and Russia, is also on the rise due to export opportunities and expanding markets. The influence of the beef sector and growing demand for refrigerated trucks are significant contributors to market expansion.
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What is Heavy Duty Trucks Market Segmentation:
by Vehicle Type
1. Medium
2. Heavy-Duty
3. Pickup
by Fuel Type
1. Diesel
2. CNG
3. LNG
by Application
1. Distribution
2. Container
3. Dumping
4. Refrigeration
5. Tanker
6. RMC
7. Special Application
8. Logistic
9. Agriculture
10 defense
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Who are Heavy Duty Trucks Market Key Players:
1. Mahindra Motors (India)
2. Ashok Leyland (India)
3. TATA motors (India)
4. Eicher Motors (India)
5. Hindustan Motors (India)
6. Daimler AG (Germany)
7. Ford Motor Company(Germany)
8. Volkswagen (Germany)
9. Oshkosh Corporation (US)
10. Mack Trucks (US)
11. Navistar (US)
12. Kenworth (US)
13. Tesla Motors (US)
14. Paccar Inc. (US)
15. Hino Motors (Japan)
16. Mitsubishi Fuso (Japan)
17. Isuzu Motors Ltd (Japan)
18. Scania AB (Sweden)
19. Volvo Trucks (Sweden)
20. MAN Truck (UK)
21. Dongfeng Motor Group Company Ltd (China)
22. Renault Trucks (France)
23. DAF Trucks (Netherland)
24. IVECO (Netherland)
25. Hyundai (South Korea)
Table of content for the Heavy Duty Trucks Market includes:
Heavy Duty Trucks Market : Research Methodology
Heavy Duty Trucks Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Heavy Duty Trucks Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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