Global Market Insights add New Global Heavy-Duty Trucks Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, analysis, Key leading countries/Region.
North America will register considerable growth in the heavy-duty trucks market owing to the presence of the major manufacturers including Freightliner, Kenworth, International, Peterbilt, Volvo, and Mack. Surging freight demand along with higher costs associated with shipping, and improving disposable income are supporting the increasing adoption of heavy-duty trucks over the forecast timeframe. Increased manufacturing, industrial, and construction activities along with higher prevalence for truck service providers are further expanding the regional share over the projected timeframe.
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Advancements including autonomous driving technologies, tire pressure management systems, driver warning system, and innovative engine advancements are supporting the heavy-duty trucks market growth over the study timeframe. For instance, in 2015, Volvo initiated its ?Non-hit car and truck? research project, that showcased its advanced active safety features including automatic braking and accident prevention technologies.
What’s precisely noteworthy though, is not the Semi’s speed range or its aesthetic appearance, but the fact that it offers a transmission which requires no gear shifting with regenerative braking – essentially, a provision that delivers infinitesimal brake life for the vehicle. Endowed with such an amazing intrinsic design such as this, the Tesla Semi is certain to cause a stir in heavy-duty trucks market.
Class 8 trucks will dominate the heavy-duty trucks market share owing to the requirement for higher payload capacities and diversified applications including construction and mining activities. Reduction in transportation cost and rising infrastructure and construction projects are positively influencing the industry demand. Rising purchasing power along with proliferating logistics industry are further expanding the segment share over the study timeframe.
Tesla’s latest Class 8 marvel is indeed a classic phenomenon that has posed several challenges for heavy-duty trucks market players. The automotive giant has unveiled the ‘Tesla Semi’ – its all-electric semi-truck that boasts of superior charging capacity and has been designed to travel from 0 to 60 mph in merely a 5-second span. In fact, towing a load of close to 80,000 lbs alongside, this truck can travel from 0 to 60 mph in just 20 seconds, setting quite a remarkable precedence for companies partaking in heavy-duty trucks market share.
Browse key industry insights spread across 300 pages with 618 market data tables & 10 figures & charts from the report, “Heavy-Duty Trucks Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/heavy-duty-trucks-market
Industry players are involved in advanced testing programs for developing new advanced series of heavy-duty trucks for ensuring improved vehicle performance in diversified road and climatic conditions. For instance, in June 2018, Freightliner announced the launch of its test and development program in Australia for its new truck model Cascadia. The truck is expected to commercialize and begin its sales by 2020. This test and development program are a part of the right-hand drive test program in Australia and New Zealand, thereby offering a positive outlook for the heavy-duty trucks market share over the forecast timeframe.
Few of the key players in the heavy-duty trucks market place include Volvo Trucks, Daimler AG, Volkswagen AG, Navistar Inc., Paccar Inc., Freightliner, Ashok Leyland, Scania, Kenworth, Eicher and MAN. Industry participants are involved in new product launches and focusing on R&D investments for developing advanced technologies to gain competitive edge over the competition. For instance, in July 2018, Hino trucks Ltd announced the incorporation of artificial intelligence technologies including GPS and gyro sensors for improving fuel efficiency significantly.
Chapter 1 Methodology & Scope
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry Insights and validation
1.1.4 Scope, definitions, & forecast parameters
184.108.40.206 Forecast parameters & considerations
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Heavy duty trucks market 3600 synopsis, 2013 – 2025
2.1.1 Business trends
2.1.2 Class trends
2.1.3 Fuel trends
2.1.4 Application trends
2.1.5 Regional trends
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