Heavy-duty (HD) trucks come under heavy-duty commercial vehicles and are used for cargo transportation, logistics operations, construction, mining, and agricultural fields for various functions. HD trucks include dump trucks, tractor-trailers, tank trucks, and haul trucks. Heavy-duty (HD) trucks come under HCVs and are used for cargo transportation, logistics operations, in construction, mining, and agricultural fields for various functions. HD trucks include dump trucks, tractor-trailers, tank trucks, and haul trucks. The cost range of a HD truck in the low-cost market is $24,000- 49,000, in the medium-cost market is $50,000- 71,000, and in a premium market, the cost is above $71,000.
With the increasing demand, numerous countries are investing in overseas mining operations in the region. The growing population, rapid urbanization, and widespread infrastructure development in the deveoped and developing countries such as China, India, Indonesia, and African countries has also increased the need for miningactivities due to the increase in the consumption of metals and minerals such as iron, copper, limestone, and shale gas. To cater to this growing demand, governments across the world are also increasingly investing in the mining industry. This will significantly benefit the growth of the heavy-duty trucks market during the forecast period.
The growing demand for alternative fuel heavy duty trucks is one of the latest trends contributing to the growth of this market in the forthcoming years. The rising concerns about vehicle emissions and environmental pollutions have initiated many major countries to introduce emission regulations especially for the commercial vehicles. These regulations compel manufacturers to find alternative fuel solutions for the trucks that are environment-friendly or provide assistance in reducing emissions. This will in turn, has led to the introduction of biofuel, electric, and hybrid heavy duty trucks.
In 2019, the market size of Heavy Duty Trucks is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Heavy Duty Trucks.
This report studies the global market size of Heavy Duty Trucks, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Heavy Duty Trucks production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Daimler Trucks
MAN
PACCAR
Scania
Volvo Trucks
Ashok Leyland
FAW Group Corporation
ISUZU MOTORS
Iveco
Mack Trucks
Tata Motors
Market Segment by Product Type
Class 5
Class 6
Class 7
Class 8
Market Segment by Application
Agriculture
Logistics
Construction
Mining
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Heavy Duty Trucks status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Heavy Duty Trucks manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Heavy Duty Trucks are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Heavy Duty Trucks. Industry analysis & Market Report on Heavy Duty Trucks is a syndicated market report, published as Global (United States, European Union and China) Heavy Duty Trucks Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Heavy Duty Trucks market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.