Heavy duty trucks are of vital use in the logistics & transportation industry for transportation of materials and objects. On an overall basis, the industry holds a consumption share of around 44%. Other major industries that make use of these trucks include construction and mining. In the present scenario, the adoption of trucks that are fuel efficient is on a rise and there has been a special focus towards design and development of such trucks by the market players. Presently, heavy duty trucks market is growing is the Asia Pacific region accounting for about 40%, followed by North America and Europe.
“During the next six years, more than half of the heavy duty trucks demand would be generated from the emerging markets. As far as the developed markets are concerned, adoption of technologically advanced trucks with lower emission levels and the ones that use alternative fuel would rise”.
The detailed research study provides qualitative and quantitative analysis of the heavy duty trucks market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue as well as sales volume across regions and further, across all the major countries. The supply side analysis covers regional production volume and capacity analysis. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa and Latin America.
Global Heavy Duty Trucks Market Sales (Thousand Units), 2017
Some of the major players operating in the heavy duty trucks market are AB Volvo, Daimler Trucks North America LLC (Freightliner), Fiat Chrysler Automobiles, Ford Motor Company, General Motors, Navistar, INC (INTERNATIONAL), Nissan, Paccar Inc. (Kenworth Trucks), Peterbilt, Tata Motors, TOYOTA MOTOR CORPORATION, Volkswagen (TRATON).