The Global Heavy Duty Trucks Market is expected to grow at a CAGR of 3.8% during the forecast period.
Trucks are divided into light-duty, medium-duty, and heavy-duty classifications depending on their weight. When a heavy-duty truck is pulling a trailer, it may have a gross combination weight of 80,000 lb (36,360 kg) or more. The tractor is coupled to the trailer through a pivot point, known as the fifth wheel, which is mounted on top of the tractor frame. Most of the big rigs on highways are tractors pulling trailers.
The overall heavy duty trucks (class 7 and class 8), sales stood at 1.24 million units in the year 2018, and is expected to surpass 1.57 million units by 2027.
“During the next six years, more than half of the heavy duty (class 7 and class 8) trucks demand would be generated from the emerging markets. As far as the developed markets are concerned, adoption of technologically advanced trucks with lower emission levels and the ones that use alternative fuel would rise”.
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Top Key Players
AB Volvo, Daimler Trucks North America LLC (Freightliner), Fiat Chrysler Automobiles, Ford Motor Company, General Motors, Navistar, INC (INTERNATIONAL), Nissan, Paccar Inc. (Kenworth Trucks), Peterbilt, Tata Motors, TOYOTA MOTOR CORPORATION, Volkswagen (TRATON).
The detailed research study provides qualitative and quantitative analysis of the heavy duty market (class 7 and class 8). The Heavy Duty Trucks Market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue as well as sales volume across regions and further, across all the major countries. The supply side analysis covers regional production volume and capacity analysis. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa and Latin America.
In the present scenario, the adoption of trucks that are fuel efficient is on a rise and there has been a special focus towards design and development of such trucks by the market players.
• Class 7 (Between 26,001 and 33,000 Lb)
• Class 8 (33,001Lb and Higher
• Natural Gas
• Hybrid Electric Vehicles
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
This report begins with an overview of the Heavy Duty Trucks Market. This research report covers a broad range of analyzes of key market drivers, challenges, opportunities and trends. The study also provides a separate analysis to understand market size, forecasts and macroeconomic indicators in the global region that affect market share. The report also provides extensive coverage of various industry players along with recent product launches and market activities.
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