North America High-Performance Trucks Market by Vehicle Type (Medium and Heavy Duty Trucks, Pickup Trucks) By Transmission Type (Manual, Automatic, Others), By Fuel Type (Diesel, CNG, LNG) BY Power Output (250-450 HP, Others), By Application (RMC, Others) Estimation & Forecast, 2019 – 2026

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North America High-Performance Trucks Market is estimated to reach $1.52 billion in 2019 with a CAGR of 4.3% from 2019 to 2026.
  • Market Definition

    North America high-performance trucks market is estimated to reach $1.52 billion in 2019 with a CAGR of 4.3% from 2019 to 2026.  High-performance trucks are equipped with powerful electronic control systems, motors, and traction systems.  They are extensively used in numerous applications such as tanker, container, refrigeration, and RMC, among others.

    Industry Dynamics

    Factors such as stringent vehicle emission norms introduced by governments in the North American region and growing demand for frozen perishable commodities are catalyzing the growth of the market. Owing to the stringent regulations related to vehicle emissions, the demand for high-performance vehicles is surging, as these vehicles consume less fuel and emit minimum emissions. In the U.S., the Environmental Protection Agency (EPA) executes national programs and standards for vehicles and fuels that decrease air pollution which includes soot, toxic pollutants, and smog. In addition, the growth in the supply of temperature-sensitive materials is likely to support market growth, as for the transportation of such materials requires refrigerated high-performance trucks. Further, in recent years, the growth in the retail industry is anticipated to support the market for high-performance trucks. As per the data published by the International Trade Administration (ITA), in the U.S., the total retail sales which included motor vehicle and parts sealers from nearly 1 million retail organizations exceeded $5 trillion in the year 2017. Despite the drivers, the high cost of manufacturing and limited possibility of electrification in these high-performance trucks is anticipated to negatively hamper the market growth.

    Market Segmentation

    The North America high-performance trucks market has been classified into vehicle type, transmission type, fuel type, power output, and application. The vehicle type segment has been divided into medium and heavy-duty trucks and pickup trucks. The transmission type has been classified into the manual transmission, automatic transmission, and semi-automatic transmission. Further, based on fuel type, the market has been segmented into diesel, CNG, and LNG. The power output segment has been bifurcated into 250-450 HP, 401-550 HP, and greater than 550 HP. Furthermore, the application segment has been classified into the tanker, container, RMC, dumping, refrigeration, distribution, and others.

    Country Analysis

    Based on geography, the North America high-performance trucks market has been divided into the U.S. and Canada. The well-established trucking industry in the U.S. and Canada supports industry growth. According to the article published by Business Insider, in 2017, the trucking industry in America generated revenue of $700 billion, which was higher than the Gross Domestic Product (GDP) of more than 150 countries. Moreover, as per the Bureau of Labor Statistics, in 2018, nearly 5.8% of full-time American workers had a job in the trucking industry. Apart from the established trucking sector, the growing government stringency over vehicle emission in Canada and the U.S. contribute to market growth. Moreover, North America is the leading region for pickup trucks. Major players such as Ford and General Motors Truck Company (GMC) has a strong presence in the U.S. These factors are anticipated to support market growth.

    Key Players

    Key players operating in the North America high-performance trucks industry are Cummins, General Motors Truck Company (GMC), Ford, Chevrolet, Volvo Trucks, Daimler Trucks North America LLC, Paccar, Inc., Allison Transmission Inc., and Caterpillar, Inc. Major companies are adopting strategies like merger and acquisition, product launches, investments in R&D, and collaboration to increase their market presence. For instance, in November 2019, Chevrolet and Carhartt introduced the 2021 Silverado HD Carhartt Special Edition, an ultimate hard-working truck developed to tackle the hardest jobs. Similarly, in July 2019, Chevrolet entered into a partnership with Carhartt. Following the partnership, Carhartt became the official workwear of Chevy Trucks and vice versa Chevy trucks will be the official partner of Carhartt. Likewise, in January 2019, Cummins introduced a next-generation 6.7L turbo diesel engine. Similarly, in March 2018, Volvo Trucks launched the VNX series which was built precisely for the requirements of heavy-haul trucking operations. The VNX series is available in three cab configurations namely VNX 300 day, VNX 400 flat-roof regional sleeper, and VNX 740.

    North America High-performance trucks Market Key Segments:

    By Vehicle Type

    • Medium and Heavy Duty Trucks
    • Pickup Trucks

    By Transmission Type

    • Manual Transmission
    • Automatic Transmission
    • Semi-Automatic Transmission

    By Fuel Type

    • Diesel
    • CNG
    • LNG

    By Power Output

    • 250-450 HP
    • 401-550 HP
    • Greater than 550 HP

    By Application

    • Tanker
    • Container
    • RMC
    • Dumping
    • Refrigeration,
    • Distribution
    • Others

    By Geography

    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K
      • Germany
      • France
      • Italy
      • Rest of Europe
    • Asia Pacific
      • India
      • China
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East & Africa
      • GCC Countries
      • Egypt
      • South Africa
      • Rest of Middle East & Africa
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  • Table of Content

    1. Market Introduction
    1.1. Executive Summary
    1.2. Market Definition
    1.3. Market Scope

    2. Research Methodology
    2.1. Primary Research
    2.2. Research Methodology
    2.3. Assumptions & Exclusions
    2.4. Secondary data sources

    3. North America High-Performance Trucks Market Overview
    3.1. Report Segmentation & Scope
    3.2. Key Market Trend
    3.3. Drivers
    3.4. Restraints
    3.5. Opportunities
    3.6. Porter’s Five Forces Analysis
    3.6.1. Porter’s Five Forces Analysis
    3.7. Market Share Analysis

    4. North America High-Performance Trucks Market, By Vehicle Type
    4.1. Overview
    4.2. Medium and Heavy Duty Trucks
    4.2.1. Market Size & Forecast
    4.3. Pickup Trucks
    4.3.1. Market Size & Forecast

    5. North America High-Performance Trucks Market, By Transmission Type
    5.1. Overview
    5.2. Manual Transmission
    5.2.1. Market Size & Forecast
    5.3. Automatic Transmission
    5.3.1. Market Size & Forecast
    5.4. Semi-automatic Transmission
    5.4.1. Market Size & Forecast

    6. North America High-Performance Trucks Market, By Fuel Type
    6.1. Overview
    6.2. Diesel
    6.2.1. Market Size & Forecast
    6.3. CNG
    6.3.1. Market Size & Forecast
    6.4. LNG
    6.4.1. Market Size & Forecast

    7. North America High-Performance Trucks Market, By Power Output
    7.1. Overview
    7.2. 250-450 HP
    7.2.1. Market Size & Forecast
    7.3. 401-550 HP
    7.3.1. Market Size & Forecast
    7.4. Greater than 550 HP
    7.4.1. Market Size & Forecast

    8. North America High-Performance Trucks Market, By Application
    8.1. Overview
    8.2. Tanker
    8.2.1. Market Size & Forecast
    8.3. Container
    8.3.1. Market Size & Forecast
    8.4. RMC
    8.4.1. Market Size & Forecast
    8.5. Dumping
    8.5.1. Market Size & Forecast
    8.6. Refrigeration
    8.6.1. Market Size & Forecast
    8.7. Distribution
    8.7.1. Market Size & Forecast
    8.8. Others

    9. North America High-Performance Trucks Market, by Region
    9.1. Overview
    9.1.1. Global Market Size & Forecast
    9.2. North America High-Performance Trucks Market
    9.2.1. North America Market Size & Forecast, By Country
    9.2.2. North America Market Size & Forecast, By Vehicle Type
    9.2.3. North America Market Size & Forecast, By Transmission Type
    9.2.3. North America Market Size & Forecast, By Fuel Type
    9.2.3. North America Market Size & Forecast, By Power Output
    9.2.3. North America Market Size & Forecast, By Application
    9.2.4. U.S.
    9.2.4.1. Market Size and Forecast
    9.2.5. Canada
    9.2.5.1. Market Size and Forecast

    10. Company Profile
    10.1. Cummins
    10.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
    10.1.2. Vehicle Type Category, Transmission Type, and Specification
    10.1.3. Financial Performance (2016-20110)
    10.1.4. Strategic Initiatives
    10.2. General Motors Truck Company (GMC)
    10.3. Ford
    10.4. Chevrolet
    10.5. Volvo Trucks
    10.6. Daimler Trucks North America LLC
    10.7. Paccar, Inc.
    10.8. Allison Transmission Inc.
    10.9. Caterpillar, Inc.

    11. List of Tables
    Table 1 North America High-Performance Trucks Market Share, By Vehicle Type, 2016-2026 ($Million)
    Table 2 Medium and Heavy Duty Trucks, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 3 Pickup Trucks, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 4 North America High-Performance Trucks Market Share, By Transmission Type, 2016-2026 ($Million)
    Table 5 Manual Transmission, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 6 Automatic Transmission, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 7 Semi-automatic Transmission, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 8 North America High-Performance Trucks Market Share, By Fuel Type, 2016-2026 ($Million)
    Table 9 Diesel, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 10 CNG, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 11 LNG, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 12 North America High-Performance Trucks Market Share, By Power Output, 2016-2026 ($Million)
    Table 13 250-450 HP, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 14 401-550 HP, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 15 Greater than 550 HP, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 16 North America High-Performance Trucks Market Share, By Application, 2016-2026 ($Million)
    Table 17 Tanker, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 18 Container, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 19 RMC, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 20 Dumping, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 21 Refrigeration, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 22 Distribution, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 23 Others, High-Performance Trucks Market Share, By Region, 2016-2026 ($Million)
    Table 24 North America High-Performance Trucks Market Value, 2016-2026 ($Million)
    Table 25 North America, High-Performance Trucks Market Value and Growth Rate, 2016-2026 ($Million)
    Table 26 North America, High-Performance Trucks Market Share Value, By Country, 2016-2026 ($Million)
    Table 27 North America High-Performance Trucks Market Share Value, By Vehicle Type, 2016-2026 ($Million)
    Table 28 North America High-Performance Trucks Market Share Value, By Transmission Type, 2016-2026 ($Million)
    Table 29 North America High-Performance Trucks Market Share Value, By Fuel Type, 2016-2026 ($Million)
    Table 30 North America High-Performance Trucks Market Share Value, By Power Output, 2016-2026 ($Million)
    Table 31 North America High-Performance Trucks Market Share Value, By Application, 2016-2026 ($Million)
    Table 32 Recent Developments

    12. List of Figures
    Figure 1 North America High-Performance Trucks Market Overview
    Figure 2 North America High-Performance Trucks Market Segmentation
    Figure 3 North America High-Performance Trucks Market Drivers
    Figure 4 North America High-Performance Trucks Market Restrains
    Figure 5 North America High-Performance Trucks Market Porter’s Analysis
    Figure 6 North America High-Performance Trucks Market share, By Vehicle Type, 2018 VS 2026 (%)
    Figure 7 North America High-Performance Trucks Market share, By Transmission Type, 2018 VS 2026 (%)
    Figure 8 North America High-Performance Trucks Market share, By Fuel Type, 2018 VS 2026 (%)
    Figure 9 North America High-Performance Trucks Market share, By Power Output, 2018 VS 2026 (%)
    Figure 10 North America High-Performance Trucks Market share, By Application, 2018 VS 2026 (%)
    Figure 11 U.S. High-Performance Trucks Market share, 2016-2026 ($Million)
    Figure 12 Canada High-Performance Trucks Market share, 2016-2026 ($Million)

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    • Cummins
    • General Motors Truck Company (GMC)
    • Ford
    • Chevrolet
    • Volvo Trucks
    • Daimler Trucks North America LLC
    • Paccar, Inc.
    • Allison Transmission Inc.
    • Caterpillar, Inc.
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