The Global Heavy Duty Trucks Market is expected to reach $ xx Million by 2026; experiencing a compound annual growth rate (CAGR) of 4.1% from 2019 to 2026. Asia Pacific accounted for the major market share in the year 2018. North America generated the second highest market revenue in 2018.
The market is increasing freight transportation demand owing to proliferating economic conditions and globalization across the globe is positively influencing the heavy-duty trucks market share over the projected timeframe. Growing domestic and international trade activities are providing potential opportunities for the expansion of business operations globally. Rapid industrialization is resulting in large scale production and distribution of goods further generating the demand for expanded transportation fleet size. Changing trade policies coupled with improvements in logistics and supply chain management are propelling the heavy-duty trucks market share.
The market is segmented by class, application, and geography. Class 7, Class 8, and others are the sub segments covered under class segment whereas application sub segments include Mining & Construction, agriculture, logistics, and others. By geography, the market is segment 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 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.
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is very important for the manufacturers. Manufacturers’ data, including: revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide better understanding of the market competition
Some of the key players in the Heavy Duty Trucks Market are Daimler AG, Ford Motor Company, Navistar, Paccar, and Oshkosh Corporation, among others.
The Highlights of the Report
Scope of the North America Heavy Duty Trucks Market