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 Report Scope:

This report offers a wealth of insights that stem from diligent research. It boasts a robust primary research component, conducted with a considerable sample size across various regions, ensuring that the findings are both credible and in-depth. The primary research involved discussions with industry experts, including original equipment manufacturers (OEMs), and Tier I suppliers. To complement this, secondary sources such as the International Council on Clean Transportation (ICCT), Green Truck Association (GTA), OEM websites, annual reports, and reputable paid databases (Factiva and Bloomberg) were leveraged to enrich the analysis.

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Heavy Duty Trucks Market Research Methodology:

This research encompasses a detailed mapping of high-performance truck segments, including pickup trucks, medium- and heavy-duty trucks, and specialized vehicles with power outputs exceeding 250 hp on a country-level basis. It also covers various applications for high-performance trucks, such as dumping, distribution, refrigeration, tankers, containers, ready-mix concrete (RMC), and special applications. The report adopts a bottom-up approach to study the high-performance truck market.

What are Heavy Duty Trucks Market Dynamics:

Stringent emission norms enforced by governments are expected to propel the demand for hybrid electric trucks. The European Commission (EC) is pioneering advanced software programs for fuel use and CO2 emission calculations. In response to these policy changes, market players are actively introducing new models of fully electric and hybrid heavy-duty trucks, particularly in North America and Europe.

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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)

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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

3. 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

Heavy Duty Trucks Market Regional Insights:

The Asia Pacific region is anticipated to be the largest high-performance truck market in terms of volume. Trucks are a cornerstone of the region's transportation sector. Regulatory revisions, including stricter emission standards and axle loading regulations, coupled with a consumer shift toward premium trucks, are set to propel growth in the transportation industry. Furthermore, the infrastructural needs arising from upcoming major sporting events in South Korea (2018), Japan (2020), and China (2022) will drive demand for high-performance dumping trucks for heavy-duty applications.

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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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