Heavy Duty Trucks Market Report, published by Accurize Market Research, forecast that the global market is expected to grow at a CAGR of 4.1 % from 2019 to 2026. Asia-Pacific region is projected to attain a CAGR of around 4% over the forecast period, driven by an increase in sales coupled with a strong presence of manufacturers across the region.
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Market Introduction and Market Dynamics
Growing domestic and international trade activities, and proliferating economic conditions and globalization across the globe are the major factors fueling the growth of heavy duty trucks market. Moreover, easier availability of low-cost manpower and raw materials are further stimulating the construction and agricultural industry, thereby supporting the heavy-duty trucks market. Further, favorable government policies are encouraging the development of fuel-saving technologies which would act as a future opportunity for the heavy duty trucks market.
Market Segmentation & Crisp Analysis
The global heavy-duty trucks market is segmented by class, application, and geography. Class 7, Class 8, and others are the sub-segments covered under class segment, whereas application segments include mining & construction, agriculture, logistics, and others. By geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).
The country-wise analysis has been also covered under the scope of the report covers the U.S., Canada, and Mexico, while Europe covers the UK, Germany, France, Italy, and Rest of Europe. China, Japan, India, Korea, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa.
Manufacturers’ Competitive Analysis
The global heavy-duty trucks market is highly competitive owing to the presence of major players operating in the market. These manufacturers are frequently investing on research & development and are engaged in developing effective relations with their suppliers for ensuring timely delivery of their products in the market place. Major companies operating in the Heavy Duty Trucks Market are Daimler Group, Dongfeng Motor Group Company Ltd., Eicher Motors Limited, Ford Motor Company, Navistar, Oshkosh Corporation, Paccar, Tata Motors, Volkswagen, and Volvo, among others.
Scope of the Report
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segment as well as cross-sectional analysis of the segments including the geographies and its countries. Key companies operating in this market and their company profile along with market share analysis and competitive scenario is also part of the report. Furthermore, the client information from different industries from the point of view of manufactures has been provided in this report. The data of revenue share, shipment, gross profit, net income have also been included to give a better understanding of the competitors in the Heavy Duty Trucks Market.
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