Automobiles And Heavy Equipment Market 2024- By Size, Growth, Trends And Global Forecast To 2033

The new report published by The Business Research Company, titled Automobiles And Heavy Equipment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the automobiles and heavy equipment market size has grown strongly in recent years. It will grow from $340.78 billion in 2023 to $373.67 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The automobiles and heavy equipment market size is expected to see strong growth in the next few years. It will grow to $527.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.

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Surging Demand For Autonomous Transportation Fuels Growth In The Automobile And Heavy Equipment Trucking Markets
The growing demand for autonomous transportation is expected to drive the growth of the automobile and heavy equipment trucking markets over the forecast period. An autonomous vehicle utilises a fully automated driving system to enable it to react to external conditions that a human driver would handle. For instance, in January 2022, according to G2.com Inc., a US- corporation specializing in information technology and the internet, the global autonomous vehicle business is increasing at a pace of 16% per year, and over 1,400 self-driving trucks, cars, and other vehicles are being evaluated. Therefore, the growing demand for autonomous transportation drives the growth of the automobile and heavy equipment trucking markets.

Technological Advancements Revolutionizing The Automobile And Heavy Equipment Trucking Markets
Advances in technologies are a major trend gaining popularity in the automobile and heavy equipment trucking markets. Major companies operating in the automobile and heavy equipment trucking markets are focusing on developing innovative technological solutions. For instance, in January 2021, J.B. Hunt Transport, Inc., a US-based company of heavy equipment and automobile trucking in partnership with General Motors and OneH2, Navistar, Inc., launched a comprehensive solution for customer installation of a zero-emission long-distance system. General Motors will supply cutting-edge Hydrotec Fuel Cell Power Cubes. OneH2 will produce and fuel hydrogen in a modular, mobile, and scalable manner. J.B. Hunt Transport, Inc. will test a full solution on dedicated routes. General Motors is a US-based automotive manufacturing company. OneH2 is a US-based customized hydrogen fuel solutions company. Navistar, Inc. is a US-based firm of International-branded vehicles and diesel engines.

The automobiles and heavy equipment market covered in this report is segmented -

1) By Type: Business Services, Managed Services, System Integrator, Other Types
2) By Size: Heavy Trucks, Medium Trucks, Light Trucks
3) By Application: Cars And Light Trucks, Medium And Heavy Trucks, Farm And Construction Equipment, Other Applications

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Major companies operating in the automobiles and heavy equipment market include American Rail Center Logistics, CEVA Logistics, DHL, FedEx Corporation, United Parcel Service Inc., Schneider National Inc., C.H. Robinson, J.B. Hunt Transport Services Inc., Toyota Motor Corporation, Volkswagen Group, Mercedes-Benz Group AG, Ford Motor Company, General Motors Company, Honda Motor Co. Ltd., Bayerische Motoren Werke AG, Nissan Motor Co. Ltd., Fiat Chrysler Automobiles NV, Hyundai Motor Group, Tata Motors Limited, Mitsubishi Motors Corporation, Volvo Group, Isuzu Motors Limited, Mazda Motor Corporation, Suzuki Motor Corporation, Scania AB, PACCAR Inc., Navistar Inc., CNH Industrial NV, Caterpillar Inc., Komatsu Ltd., Deere and Company, Hitachi Construction Machinery Co. Ltd., Liebherr Group, Ter*ex Corporation, Manitowoc Company Inc.

Contents of the report:
1. Executive Summary
2. Automobiles And Heavy Equipment Market Report Structure
3. Automobiles And Heavy Equipment Market Trends And Strategies
4. Automobiles And Heavy Equipment Market - Macro Economic Scenario
5. Automobiles And Heavy Equipment Market Size And Growth
…..
27. Automobiles And Heavy Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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