openPR Logo
Press release

Heavy-Duty Trucks Market Size 2024 Daimler, Tata Motors, General Motors, FAW Group, Volvo, Toyota

12-19-2017 12:05 PM CET | Industry, Real Estate & Construction

Press release from: marketstudyreport.com

/ PR Agency: Market Study Report
Heavy-Duty Trucks Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Belgium, Finland, France, Germany, Italy, Lithuania, Spain, Russia, Sweden, UK, Norway, China, Japan, India, South Korea and etc), Application Development status, Price Trend, Competitive Market Share & Forecast, 2017 – 2024.

Increasing domestic and international trading activities across the globe will significantly propel the heavy-duty trucks market size over the forecast period. Road and rail lead the freight transport unit enhancing the overall business growth.

Upsurge in fleet size will positively support the logistics and construction sectors, which in turn will drive heavy duty trucks market share. Growing demand for heavy commercial vehicles used in agricultural and mining applications with improved transmission will further support the product penetration.

Heavy Duty Trucks Market size is estimated to surpass USD 160 billion by 2024; as per a new research report.

Request a Sample Copy of Global Heavy-Duty Trucks Market Research Report @ https://www.marketstudyreport.com/request-a-sample/668584//?utm_source=OPR-SP

Innovative connectivity based business models are revolutionizing the product demand by enhancing safety, reducing the cost of ownership, and improving the convenience level of owners. Thus, propelling the heavy duty trucks market size from 2017 to 2024.

Development of road network coupled with rising global sourcing of vehicle components will support the product demand. Several manufacturing companies are focusing on enhancing the profit margins by relying on customers from logistics and construction applications over the forecast timespan.

Stringent government protocols pertaining to emission control with the requirement for replacing the old vehicles will further fuel the product sales. Majority of the customers rely on the core values of offering products along with high quality, safety and environmental care features. Products offering higher power required by the applications will boost the overall heavy duty trucks market growth.

Rise in labor cost, particularly in several emerged economies, coupled with fluctuation in the raw material prices may act as a restrain to the industry growth. Furthermore, economic uncertainty in several European countries may hamper the business expansion.

Enquire Discount on Global Heavy-Duty Trucks Market Research Report @ https://www.marketstudyreport.com/check-for-discount/668584//?utm_source=OPR-SP

In 2016, class 5 contributed to over 12% of the overall industry share in terms of volume. This can be credited to superior features including wide usage in construction and logistic sectors. Furthermore, sturdy development in the manufacturing, particularly from emerging countries, is anticipated to further support the industry growth.

Natural gas will generate demand at over 160 thousand units in the heavy duty trucks market by 2024. Improved fuel efficiency and growing preference toward low emissions will support the industry expansion. Rising number of natural gas filling stations coupled with superior mileage offered by the product will propel the industry demand.

Logistics segment is anticipated to witness a substantial growth rate with a rate of 4.9% up to 2024. Increasing orders for new lorries due to enhanced recovery of equipment manufacturers from tumbling freight market will support product penetration. Bulking up of new orders and specialized balance in inventory levels will positively impact the heavy duty trucks market size.

Asia Pacific is projected to register the maximum revenue share over the forecast timeframe due to the increasing production across the region, particularly in emerging economies including China and India. High availability of cheap labor and raw materials will foster heavy duty trucks market growth across the region.

For more information on this report, Please visit at: https://www.marketstudyreport.com/reports/heavy-duty-trucks-market/?utm_source=OPR-SP

Daimler, Tata Motors, General Motors, FAW Group, Volvo, Toyota, Freightliner, Ford, Volkswagen, ISUZU Motors, Peterbilt, PACCAR, Kenworth, Navistar, FCA, MAN, Scania and Ashok Leyland are key heavy duty trucks market players.

Other significant companies in terms of geographical presence includes Iveco, Dongfeng Motor Group, Hino, Anhui Jianghuai Automobile, KAMAZ, Beiqi Foton, Beijing Auto Industry and China First Automobile Works Group.

Order a copy of this premium research report @ https://www.marketstudyreport.com/securecheckout/paymenta/668584?msfpaycode=sumsf/?utm_source=OPR-SP

Related Reports: -
Global Heavy-duty Trucks Market 2017-2021
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. HD trucks include dump trucks, tractor-trailers, tank trucks, and haul trucks. Heavy-duty (HD) trucks come under HCVs and are used for cargo transportation, logistics operations, in construction, mining, and agricultural fields for various functions. HD trucks include dump trucks, tractor-trailers, tank trucks, and haul trucks. The cost range of a HD truck in the low-cost market is $24,000- 49,000, in the medium-cost market is $50,000- 71,000, and in a premium market, the cost is above $71,000.
https://www.marketstudyreport.com/reports/global-heavy-duty-trucks-market-2017-2021/?utm_source=RR-SP

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Market Study Report
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
News: https://www.marketstudyreport.com/category/news-releases/

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 Heavy-Duty Trucks Market Size 2024 Daimler, Tata Motors, General Motors, FAW Group, Volvo, Toyota here

News-ID: 867589 • Views: 407

More Releases from marketstudyreport.com

What are the Growth Drivers of Healthcare Data Interoperability Market? Epic, Or …
MarketStudyReport.com offers 2019 report on global Healthcare Data Interoperability market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2025. Asia Pacific healthcare data interoperability market was valued around USD 440 million in 2018. Positive regulatory scenario for interoperability software in APAC region keeps the entry barrier low for new
What's driving the Solar District Heating Market Trends? Savosolar. Goteberg Ene …
Market Study Report, LLC’s, latest study on ‘Solar District Heating market’ features a holistic view of the market size, market share, profit estimates, SWOT analysis and the regional landscape of the business. The report precisely expounds key challenges and future growth prospects of the market, while highlighting the current competitive scene and analyzes the expansion strategies adopted by leading market players. Solar District Heating Market share is set to surpass USD
What's driving the Structural Steel Market trends? Gerdau S.A, ArcelorMittal, Ta …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Blockchain Technology Market Trends? Deloitte, BTL Group Ltd. …
A detailed study on ‘Blockchain Technology Market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in

All 5 Releases


More Releases for Heavy

Medium & Heavy Trucks in Spain
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in Spain to its growing collection of premium market research reports. Medium & Heavy Trucks in Spain industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the
Medium & Heavy Trucks in Singapore
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in Singapore to its growing collection of premium market research reports. Medium & Heavy Trucks in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the
Medium & Heavy Trucks in Russia
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in Russia to its growing collection of premium market research reports. Medium & Heavy Trucks in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the
Medium & Heavy Trucks in China
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in China to its growing collection of premium market research reports. Medium & Heavy Trucks in China industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the
Heavy Power Surgical Tools Market
Heavy power surgical tools market is experiencing upward trajectory growth, presenting opportunities for medical device manufacturers worldwide. Despite the ongoing slowdown industry has witnessed owing to Great Recession, market is expected to create good market opportunities to players driven by increased healthcare spending and increasing number of orthopedic cases worldwide. Heavy duty surgical tools are used during orthopedic surgeries that help in reliving the traumatic pain. Though the market was
Global Liquified Natural Gas Tanker Market 2017 : Samsung Heavy Industries, Mits …
A market study based on the "Liquified Natural Gas Tanker Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Liquified Natural Gas Tanker Market 2017’. The research report analyses the historical as well as present performance of the worldwide Liquified Natural Gas Tanker industry, and makes predictions on the future status of Liquified Natural Gas Tanker market on the basis of this analysis. Get Free