Heavy Duty Truck Market By Class (Class 7 (between 26,001 and 33,000 Lb.), Class 8 (33,001 Lb. and higher)), By Fuel (Diesel, Natural gas, Hybrid electric vehicles, Gasoline), By Application (Agriculture, Construction, Mining, Logistics), Industry Trends, Estimation & Forecast, 2018 - 2025

September 2018

 Pages: 182

 ERC 8909

Heavy Duty Truck Market is expected to grow with a CAGR of 4.1% during the forecast period of 2018 to 2025.

The rise in trade activities and expansion of road networks are the key factors that are driving the heavy duty trucks market. These trucks are extensively used for transporting agricultural and building materials. Trucks are classified based on load limits. Class 7 and class 8 (weigh up 26000 pound and above) trucks are called heavy duty trucks.

Due to rapid urbanization and widespread infrastructure development, the demand for various metals and minerals have increased, which has led to rise in mining activities. Rise in construction and mining activities are directly proportional to growth of heavy duty trucks market. Moreover, various governments have stringent regulations regarding emission control which demands replacement of old heavy duty trucks, which in turn will boost the sales for the new ones. Additionally, trucks manufacturers are producing alternative fuel heavy duty trucks which produce less emission and can be cost effective. Fleets looking to find new and effective ways to lower overall operating costs have taken a strong interest in alternative-fuel vehicles. However, high operating cost and volatility in end user industries affect the heavy duty truck market. Also, persistent air pollution may lead to ban on heavy duty trucks especially in major cities.

The report provides detailed qualitative and quantitative analysis of the heavy duty truck market. Market size and forecast in terms of value and volume have been provided for the period - (2017 - 2025), for the segments namely class, fuel and application in each of the major regions.

Heavy duty truck Market Player Analysis -

The report presents detailed analysis of major players operating in heavy duty truck market. Few of them include General Motors, Peterbilt, Ford Motor Company, Nissan, Tata Motors, Volkswagen, Toyota, FCA, Freightliner, Volvo, Kenworth, Navistar, Paccar , International, , and Daimler. A detailed coverage on these market players with information on their revenue from heavy duty truck business, market share, gross margin and their growth strategies have been provided in the report.

Market Segmentation

Heavy duty truck market is segmented on the basis of class, fuel, application and geography. By class, the market is segmented into class 7 and class 8. On the basis of fuel, the market is categorized as diesel, natural gas, hybrid electric vehicles and gasoline. Based on application the market is segregated into agriculture, construction, mining, logistics and others. Geographical coverage has been provided for each of the major regions including North America, Europe, Asia-Pacific, South America and Rest of the World.

Heavy duty truck Market Segmentation

By Class
• Class 7 (between 26,001 and 33,000 Lb.)
• Class 8 (33,001 Lb. and higher)

By Fuel
• Diesel
• Natural gas
• Hybrid electric vehicles
• Gasoline

By Application
• Agriculture
• Construction
• Mining
• Logistics

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o France
o Germany
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Korea
o Rest of APAC
• South America
o Brazil
o Rest of South America
• Rest of the World
o Middle East
o Africa

Heavy Duty Truck Key Market Players

• General Motors
• Peterbilt
• Ford Motor Company
• Nissan
• Tata Motors
• Volkswagen
• Toyota
• FCA
• Freightliner
• Volvo
• Kenworth
• Navistar
• Paccar
• International
• Daimler

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    What Information does this report contain?

    • What was the market size of the Heavy Duty Truck Market in 2018 and the expected market size by 2025, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2018 - 2025)?
    • Which are the leading companies in the Heavy Duty Truck Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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