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Heavy Duty Trucks Market .pdf


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Heavy Duty Trucks Market– Global Industry Analysis
Report, Share, Growth, Price Trends and Forecast,
2024: Global Market Insights Inc.
The global Heavy Duty Trucks Market share report provides numbers for
applications and regional segments of the industry covering historical as well as
forecast data for decision makers. Growing urbanization has increased the transport
volume leading to an increased demand for this industry.
The new connectivity based business models are transforming the heavy duty and
medium-sized trucks by improving safety, decreasing the cost of ownership, and
enhancing the convenience level of owners. Strict emission limits will enhance the
powertrain development and new advanced truck concepts.

Growing middle class in the emerging economies will drive the transport volume of
goods consumed, offering substantial growth prospects to the industry players over
the forecast period. Increasing mining and construction activities in these growing
economies are leading to a higher demand for earthmoving and mining equipment,
thereby increasing demand for heavy duty vehicles. Daimler presented a common
engine platform for heavy duty applications that helped it to decrease costs by 6 to
10 percent.
There is a demand for more powerful vehicles with higher carrying capacity to handle
the weight, strong suspension systems to navigate poor road conditions, and reliable
vehicles to cope with the practice of overloading. Moreover, customers needing a
large fleet, enhanced service networks, and timely service seek mobility packages,
telematics systems, strong fleet management capabilities, cross border financing,
and international customer support. These demands are driving the manufacturers’
attention toward heavier trucks with higher value.
On the basis of product, the heavy duty trucks market is segmented into container,
bulk cargo, fuel tank, and other. Bulk cargo includes commodity cargo, which is
transported and unpacked in huge quantities. It contains materials in liquid,
particulate, or in relatively small solid forms such as grain, coal, and other
Some of the key players in the heavy-duty trucks market include Ford Motor
Company, Nissan, Toyota, General Motors, FCA, Freightliner, Volvo, Kenworth,
Navistar, Paccar, Peterbilt, International, Tata Motors, Volkswagen, and Daimler.
The manufacturers, mainly in Germany are engaged in developing new business
models to generate new revenue streams. Also, the industry participants are
strengthening their local presence and investing in advanced technologies. Some
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OEMs, such as Volvo and Daimler, are focusing on vertical integration, enabling
them to control both product differentiation and profit margins.
Browse Related Report:
Power Sports Market Size, Industry Analysis Report, Regional Outlook (U.S.,
Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico,
Saudi Arabia, UAE, South Africa), Application Potential, Competitive Market
Share& Forecast, 2017 – 2024

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
reports are designed via a proprietary research methodology and are available for
key industries such as chemicals, advanced materials, technology, renewable
energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Connect with us: Facebook | Google+ | LinkedIn | Twitter

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