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Global Heavy Duty Truck Market: Industry Analysis & Outlook (2018-2022)

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Heavy duty trucks constitute an essential part of the trucking industry. Heavy duty trucks throughout the world are responsible for the majority of freight movement.

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Global Heavy Duty Truck Market: Industry Analysis & Outlook (2018-2022)

  1. 1. Global Heavy Duty Truck Market: Industry Analysis & Outlook ----------------------------------------- (2018-2022) Industry Research by Koncept Analytics 1 October 2018 Global Heavy Duty Truck Market: Industry Analysis & Outlook (2018-2022)
  2. 2. Executive Summary 2 Global Heavy Duty Truck Market: Industry Analysis & Outlook (2018-2022) Heavy duty trucks constitute an essential part of the trucking industry. Heavy duty trucks throughout the world are responsible for the majority of freight movement over land and are vital tools in the construction, manufacturing, transportation and warehousing industries. These trucks are chiefly important to the construction industry, as dump trucks and concrete mixers are necessary to move large amounts of rocks, dirt, concrete and other building materials used in construction. Increasing domestic and international trade activities will primarily drive the heavy duty truck market globally. Rising use in logistics and construction sectors will support the market growth in the next few years. Road freight dominates freight transportation stimulating the overall market growth. Road transportation is also the major concern for environmental pollution which has forced many countries to introduce regulations regarding fuel consumption and emission standards from commercial vehicles. The volume of heavy trucks is expected to grow in the coming years owing to the increasing number of orders for trucks in emerging countries. Additionally, accelerating economic growth with steady growth in urbanization had an immense impact on the transportation industry which accelerates the growth of heavy duty truck market worldwide. Technological developments and the introduction of electric and hybrid trucks will propel the market to grow significantly in the coming years. Geographically, China leads the global heavy duty truck sales, amongst the various other regions. The fast pace of industrialization in China is stimulating the production and sales of heavy duty truck market. Indian heavy duty truck market is also growing at a strong rate due to rising population and growing urbanization in the country. The report “Global Heavy Duty Truck Market: Industry Analysis & Outlook (2018-2022)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering Europe, Asia, and North America region along with the global market. The report profiles the key players of the market including AB Volvo, Daimler AG, Dongfeng Motor Company and Navistar International Corporation.
  3. 3. Growing trade volume, increasing logistics services and construction activities supported the growth of heavy duty truck market. 3 European Heavy Duty Truck Production Forecast (2018-2022) North America Heavy Duty Truck Registration Forecast (2018-2022) Global Heavy Duty Truck Market Share by Value (2017) • North America Heavy Duty registrations are anticipated to record …thousand units in 2022, growing at a CAGR of …% for the period spanning 2018-2022. • The European heavy duty truck production volume is forecasted to reach …thousand units in 2022, increasing from ….thousand units in 2018, growing at a CAGR of ….% for the period spanning 2018-2022. • In 2017, …% of the heavy truck market was held by emerging markets and remaining …% held by developed markets. Global Heavy Duty Truck Market: Industry Analysis & Outlook (2018-2022) Emerging Markets Developed Markets 2018 2019 2020 2021 2022 ThousandUnits 2018 2019 2020 2021 2022 ThousandUnits
  4. 4. Increasing urban population, rising road freight volume and use of electric/hybrid trucks will drive the heavy duty truck market globally… 4 India Heavy Duty Truck Registration Forecast (2018-2022)China Heavy Duty Truck Demand Forecast (2018-2022) Asia Heavy Duty Truck Production Forecast (2018-2022) • Asian heavy duty truck production is likely to reach ….thousand units in 2022 as compared to ….thousand units in 2018. • Chinese heavy duty truck demand is likely to reach ….thousand units in 2022 and is estimated to record CAGR of …..% for the period spanning 2018-2022. • India heavy duty truck market is expected to reach …. thousand units in 2022 and is likely to grow at a CAGR of ….% for the period spanning 2018-2022. Global Heavy Duty Truck Market: Industry Analysis & Outlook (2018-2022) 2018 2019 2020 2021 2022 ThousandUnits 2018 2019 2020 2021 2022 ThousandUnits 2018 2019 2020 2021 2022 ThousandUnits
  5. 5. Koncept Analytics CS-36, First Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. – 201010 T: +91-120-4130959 M: +91-9871694789 vikas@konceptanalytics.com Contact Us: www.konceptanalytics.com This is a licensed product of Koncept Analytics. You cannot reproduce, publish, distribute, publicly display, sell or create other works from this report or use them in any way for commercial purpose without our prior permission. Further, you cannot copy this material, by any means (including electronic copies), for distribution to others unless you have purchased the corporate license of this report. We believe the sources are reliable, but Koncept Analytics does not warranty the accuracy or completeness of the data. The data presented in the report is updated at the publication date but is subject to change at subsequent releases. All possible efforts have been made to ensure accuracy of data. However, investors should not completely rely on the information given in this report and must make decisions based on their own investment strategy, risk management and capital adequacy. For Report Purchase Click Below: http://www.konceptanalytics.com/Researchreport/global-heavy-duty-truck-market-industry- analysis-outlook-2018-2022-39556.aspx Disclaimer

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