Fact.MR offers a 10-year forecast for the heavy duty trucks between 2018 and 2027. In terms of value, the heavy-duty trucks market is expected to register a CAGR of 4.1% during the forecast period (2018–2027). The study offers key trends that are currently influencing the growth of the heavy duty trucks market. This newly published and insightful report shed light on key dynamics, which are expected to transform future of the heavy-duty trucks market, in turn, creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of heavy duty trucks. Soaring globalization and competition in most sectors attenuate the importance of competitive transport system. In order to substantiate sustainability and global acceptance, the future of commercial transportation needs the development of systems that lessen the dependence on oil and minimize the emission of greenhouse gases.
The heavy duty truck landscape is an early adopter of new technologies, and a few heavy-duty truck cab and body structures already incorporate technologies for lightweighting to some extent. Accordingly, the use of glass fiber composites serve as the lightweight structures for the hood and fender and at the same time offering design flexibility which has bearing on the aerodynamic forces.
New technologies that could contain the weight are expected to adherer to the functional requirements at a competitive cost, while also being compatible with existing manufacturing infrastructure.
Presently, many bottlenecks in the road infrastructure exist where it becomes almost impossible to create new links. As such, the concept of green corridors focuses on addressing this issue through propelling the capacity by various means needing a system approach comprising vehicle and trailer manufacturers, logistics operators and ICT infrastructures.
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The use of intelligent logistics solutions spurted by the optimization of e-freight initiatives and the concept of bundling freight flows controlled by goods operators have augured well for the development of heavy duty trucks market The intelligent logistics solutions is aimed at keeping pace with rapid delivery and short-stock piling times.
Automation will have the bearing on the amelioration of traffic safety by lessening the driver’s workload, with respect to driving, reducing the human errors and incidents owing to reduced vigilance or driver’s distraction. In addition, the reduction of congestion by minimizing speed variations and propelling optimal driving are anticipated to curb vehicle emissions and fuel consumption.
Heavy Duty Trucks Market: Overview
The report presents a coherent analysis on the heavy duty trucks market that is bolstered by quantitative and qualitative analysis. In addition, the report delineates the happenings in the market which have bearing on the growth of the heavy duty trucks market, comprising drivers, restraints, trends and opportunities. Further, the report also sheds light on segmentation to exhibit an exhaustive analysis of the Heavy duty trucks market.
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The report also delineates executive summary, overview section, which are aimed at revealing a thorough analysis of the heavy duty trucks market. Besides, the market overview section peruses into supply chain, cost structure and pricing analysis along with PESTLE analysis to present a thorough analysis on the heavy duty trucks market. Moreover, the overview section also sheds light on Porters’ Five Force analysis which is known to help in assimilating competitive scenario with regards to heavy duty trucks market.
Primary sources and secondary sources have been used to provide a judicious and unbiased analysis on heavy duty trucks market. As such, the secondary research banks on EC filing, trade journals, resourceful database and Factiva. On the other hand, the report relies upon primary research, incorporating veracious and unbiased assessment from seasoned analyst, genuine analysis from pundits and surveys and telephonic interview. Furthermore, the report throws light on absolute dollar opportunity analysis and Y-o-Y projections to offer a thorough analysis of the market.
Heavy Duty Trucks Market: Competitive Landscape
The robust assessment of competitive landscape of the heavy duty trucks market heavily banks on Porters’ Five Force Analysis. Furthermore, the Porters’ Five Force Analysis delves into the strategies of the pertinent players in the heavy duty trucks market. Furthermore, the deep dive analysis of the key players and their business strategies are backed up by company profile, SWOT analysis, product portfolio and recent development, key differentiation, to name a few.
Key competitors in heavy-duty trucks market are as Daimler, Dongfeng, Eicher Motors Limited, Fiat Chrysler Automobiles, Ford Motor Company, Freightliner, General Motors, Kenworth, Navistar, Nissan, Oshkosh Corporation, Paccar, Peterbilt, Scania, Tata Motors, Toyota, Volkswagen and Volvo.
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