Heavy-duty truck can be defined as commercial vehicles and these vehicle are the integral part of the any commercial activities such as transportation, agriculture, construction and many other functions. Increasing customer demand for services, quality and features are surging the growth of heavy-duty truck.
The "Global Heavy-duty trucks Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the heavy-duty trucks market with detailed market segmentation by application, fuel, and geography. The report provides key statistics on the market status of the leading heavy-duty trucks market players and offers key trends and opportunities in the market.
- Based on application, the global heavy-duty trucks market is segmented into construction, industrial, agriculture, transportation and logistics and others.
- On the basis of fuel, the market is segmented into diesel, natural gas, electric and hybrid.
- The major driving factor fueling the growth of heavy-duty trucks is increasing demand for powerful vehicle with higher carrying capacity to handle weights and strong suspension system.
- The bulk cargo is expected to boost the market for heavy-duty trucks in the coming years.
- The high cost associated with heavy-duty trucks can act as the restraining factor in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The heavy-duty trucks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the heavy-duty trucks market in these regions.
IMPACT OF COVID-19 ON HEAVY-DUTY TRUCKS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the heavy-duty trucks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from heavy-duty trucks market are anticipated to lucrative growth opportunities in the future with the rising demand for heavy-duty trucks in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the heavy-duty trucks market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AB Volvo
- Ashok Leyland Limited (Hinduja Group)
- Daimler AG
- Dongfeng Commercial Vehicle Company Limited
- Isuzu Motors Ltd.
- MAN SE
- PACCAR Inc.
- Scania AB (Volkswagen Group)
- Tata Motors Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.