Heavy-duty Trucks: Discover Key Drivers that will Boost Growth

Synopsis of Growth Drivers with Market Forecast 2021-2025

The Global Heavy-duty Trucks Market is projected to grow by 474.96 th units, decelerating at a CAGR of 5.55% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.

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Heavy-duty Trucks Market: What are the factors that will drive market growth?

Technavio has identified  the increasing demand for heavy-duty trucks in emerging countries as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business. Request our Free Sample Report

Heavy-duty Trucks Market: Segments and Geographical Regions

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Heavy-duty Trucks Market is segmented by Geography (APAC, Europe, North America, South America, and MEA). 58% of the market growth will originate from APAC during the forecast period. 

Heavy-duty Trucks Market: Vendor Landscape

The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

AB Volvo, BYD Co. Ltd., CNH Industrial NV, Daimler AG, Hino Motors Ltd., Navistar International Corp., PACCAR Inc., Scania AB, Tesla Inc., and Volkswagen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report

Browse through some of other related market research reports for more insights:

• Heavy-duty Trucks Market in Europe: Accelerating at a CAGR of 14%, the heavy-duty trucks market in Europe is expected to post an incremental growth of 92.85 th units over the next five years.
• Electric Trucks Market: The Global electric trucks market is expected to grow by 391.50 th units, accelerating at a CAGR of 28.88% during the forecast period.
• Dump Trucks Market: Dump trucks market is set to post an incremental growth of $ 5.27 bn during 2022-2026.
• Mining Truck Market: Mining truck market is set to post an incremental growth of $ 991.95 mn during 2021-2025.
• Forklift Trucks Market: Global forklift trucks market will post an incremental growth of 198.72 th units and progressing at a CAGR of almost 3% during the forecast period.
• Pallet Trucks Market: The pallet trucks market is set to post an incremental growth of $ 989.50 mn, accelerating at a CAGR of almost 4% during the forecast period.
• Tipper Trucks Market: The tipper trucks market is expected to grow by $ 4 bn, accelerating at a CAGR of almost 2.09% during the forecast period.
• Used Trucks Market: Technavio has been monitoring the used trucks market and it is expected to grow by 6.47 mn units, accelerating at a CAGR of almost 4% during the forecast period.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will decelerate at a CAGR of 5.55%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by 474.96 th units through 2021-2025.
    
3. What is a key factor driving this market?
   Increasing demand for heavy-duty trucks in emerging countries will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   58% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are AB Volvo, BYD Co. Ltd., CNH Industrial NV, Daimler AG, Hino Motors Ltd., Navistar International Corp., PACCAR Inc., Scania AB, Tesla Inc., and Volkswagen AG
    
7. What are the market segments covered in this report?
   The market is segmented by Geography (APAC, Europe, North America, South America, and MEA)

Heavy-duty Trucks Market: Key Geographies that will Drive Growth

Geographical Segmentation and Growth Analysis

The heavy-duty trucks market is set to post an incremental growth of 474.96 th units, decelerating at a CAGR of 5.55% during the forecast period. Our market investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios.

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Heavy-duty Trucks Market: Key Competitors

Some of the leading vendors in this market are AB Volvo, BYD Co. Ltd., CNH Industrial NV, Daimler AG, Hino Motors Ltd., Navistar International Corp., PACCAR Inc., Scania AB, Tesla Inc., and Volkswagen AG. The market is concentrated and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

For more insights on this market: Download a Free Sample Report