Scope of the Study
Heavy Duty Trucks are the massive and powerful vehicle that are designed to transport heavy cargoes and for heavy work. These trucks are a plays a major role in the transportation industry as they are movers of large quantities, products, materials no small vehicle can do on land. The function of these truck is Towing, Moving, Hauling, and Delivery/Transport and so on. Here are many uses of these trucks including towing and moving houses, delivery and transport and recovery of disabled and stranded vehicles, moreover these trucks are categorized by class7 and class8. Increasing the mining and construction activity across the globe is booming the demand for the heavy-duty trucks in the market.
The market study is being classified by Type (Class 7 (Street Sweepers, Furniture Trucks, Other) and Class 8 (Cement Trucks, Dump Trucks, Freightliners, Others)), by Application (Agriculture, Logistics, Construction and Mining) and major geographies with country level break-up.
Daimler AG (Germany), Volvo Group (Sweden), Dongfeng Motor Corporation (China), Volkswagen Group (Germany), Tata Group (India), MAN Truck & Bus (Germany), PACCAR (United States), Scania AB (Sweden), Iveco (Italy) and Ashok Leyland (India) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are FAW Group Corporation (China), ISUZU MOTORS (Japan) and Mack Trucks (United States).
Research Analyst at AMA predicts that Germany Manufacturers will contribute to the maximum growth of Global Heavy Duty Trucks market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Heavy Duty Trucks market by Type, Application and Region.
On the basis of geography, the market of Heavy Duty Trucks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Evolution in Construction Activities to Drive the Demand for Heavy-duty Trucks
- The Growing Investments in the Construction of Roads, Highways, Smart Cities, Metros, Bridges, and Expressways
- The Trend for Alternative Fuel Heavy Duty Trucks Is Growing
- The Impact of Regulations, Demand Fluctuation
- Infrastructure, Residential, And Non-Residential Sectors Propelling the Manufacture with Good Growth Opportunities of Heavy Duty Trucks
- The Continual Evolution of Methods and Material, Rapid Change in Technologies
Market Leaders and their expansionary development strategies
In March 2019 German Company Daimler Trucks Acquired Torc Robotics Stake For Self-Driving Trucks. This Acquisition Will Help The Truck Manufacturing Company Daimler By Accelerating Software Development And Self-Driving Technology With Caterpillar With Mining And Agricultural Applications. Carrying Torc Robotics Within The Daimler Trucks Intimate Creates A Unique And Powerful Team Of Innovators To Put Vastly Automated Trucks On The Road.
For Instance, In February 2020 Volvo Truck Sweden Based Automobile Manufacturing Company Has Debuted New Generation Of Heavy Duty Trucks With The Driver In Focus Such As Environment, Safety And Productivity By Launching Four Heavy Duty Trucks. In Focus Driving Behavior Help To Reduce CO2 Emission And Fuel Costs. Enhanced Safety Systems To Help Avoid Accidents.
Key Target AudienceNew Entrants/Investors, Heavy Duty Trucks Manufacturers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors of Reach Trucks, Venture Capitalists and Private Equity Firms and End-Use Industry
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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