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 $71,000.
With the increasing demand, numerous countries are investing in overseas mining operations in the region. The growing population, rapid urbanization, and widespread infrastructure development in the deveoped and developing countries such as China, India, Indonesia, and African countries has also increased the need for miningactivities due to the increase in the consumption of metals and minerals such as iron, copper, limestone, and shale gas. To cater to this growing demand, governments across the world are also increasingly investing in the mining industry. This will significantly benefit the growth of the heavy-duty trucks market during the forecast period.
The growing demand for alternative fuel heavy duty trucks is one of the latest trends contributing to the growth of this market in the forthcoming years. The rising concerns about vehicle emissions and environmental pollutions have initiated many major countries to introduce emission regulations especially for the commercial vehicles. These regulations compel manufacturers to find alternative fuel solutions for the trucks that are environment-friendly or provide assistance in reducing emissions. This will in turn, has led to the introduction of biofuel, electric, and hybrid heavy duty trucks.
The global Heavy Duty Trucks market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Heavy Duty Trucks volume and value at global level, regional level and company level. From a global perspective, this report represents overall Heavy Duty Trucks market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Heavy Duty Trucks in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Heavy Duty Trucks manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Daimler Trucks
MAN
PACCAR
Scania
Volvo Trucks
Ashok Leyland
FAW Group Corporation
ISUZU MOTORS
Iveco
Mack Trucks
Tata Motors
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Class 5
Class 6
Class 7
Class 8
Segment by Application
Agriculture
Logistics
Construction
Mining
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 Heavy Duty Trucks Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Heavy Duty Trucks market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.