Heavy-duty Trucks Market by GVWR and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR71076
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The heavy-duty trucks market has the potential to grow by 474.96 thousand units during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 5.55%.

This heavy-duty trucks market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by GVWR (class 8 and class 7) and geography (APAC, Europe, North America, South America, and MEA). The heavy-duty trucks market report also offers information on several market vendors, including AB Volvo, BYD Co. Ltd., CNH Industrial NV, Daimler AG, Hino Motors Ltd., Navistar International Corp., PACCAR Inc., Scania AB, Tesla Inc., and Volkswagen AG among others.

What will the Heavy-duty Trucks Market Size be in 2021?

Browse TOC and LoE with selected illustrations and example pages of Heavy-duty Trucks Market

 Get Your FREE Sample Now!

Heavy-duty Trucks Market: Key Drivers and Trends

The increasing demand for heavy-duty trucks in emerging countries is notably driving the heavy-duty trucks market growth, although factors such as high manufacturing costs of heavy-duty trucks may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the heavy-duty trucks industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the heavy-duty trucks market is the increasing demand for heavy-duty trucks in emerging countries.
  • The growth of the market is highly dependent on the demand for and production of such trucks across the globe.
  • High demand in the heavy-duty truck market is expected from India owing to the increasing manufacturing activities, which generates high demand for transportation and logistics services.
  • The country is also experiencing rapid economic growth, which increases the GDP.
  • Eastern Europe is expected to account for a significant portion of the adoption of heavy-duty trucks as countries in this region are witnessing rapid economic growth, which can be positively correlated with the accelerating demand for transportation and logistics.
  • The growing demand for heavy-duty trucks from truck rental service providers is another major factor supporting the heavy-duty trucks market share growth.
  • Cash inflows from businesses, equipment utilization, time utilization, and higher prices are the factors contributing to the truck rental service market growth.
  • The mounting cost pressure on fleet operators has made it imperative for them to adopt flexible ways to run fleets during peak demand across industries such as construction and logistics.
  • Heavy-duty truck manufacturers are witnessing a considerable increase in their sales volume, owing to the relatively greater adoption of these trucks in truck rental services as compared with retail sales.
  • The growth in truck rental service providers through location expansions and wide service offerings is boosting them to adopt heavy-duty trucks.

This heavy-duty trucks market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Heavy-duty Trucks Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AB Volvo
  • BYD Co. Ltd.
  • CNH Industrial NV
  • Daimler AG
  • Hino Motors Ltd.
  • Navistar International Corp.
  • PACCAR Inc.
  • Scania AB
  • Tesla Inc.
  • Volkswagen AG

 

This statistical study of the heavy-duty trucks market encompasses successful business strategies deployed by the key vendors. The heavy-duty trucks market is concentrated and the vendors are deploying growth strategies such as pricing and marketing strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The heavy-duty trucks market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Heavy-duty Trucks Market?

For more insights on the market share of various regions Request for a FREE sample now!

58% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for heavy-duty trucks market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rising number of manufacturing plants and the presence of favorable government policies for foreign direct investments (FDIs) will facilitate the heavy-duty trucks market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating GVWR Segments in the Heavy-duty Trucks Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The heavy-duty trucks market share growth by the class 8 segment will be significant during the forecast period. The growth of the class 8 segment is mainly attributed to the growth of industries such as mining and construction globally. The rising demand for heavy-duty trucks in the mining, construction, and logistics industries is anticipated to propel the growth of the global heavy-duty trucks market significantly.

This report provides an accurate prediction of the contribution of all the segments to the growth of the heavy-duty trucks market size and actionable market insights on post COVID-19 impact on each segment.

 

Heavy-duty Trucks Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 5.55%

Market growth 2021-2025

474.96 th units

Market structure

Concentrated

YoY growth (%)

7.82

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 58%

Key consumer countries

China, US, India, Germany, and Brazil

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AB Volvo, BYD Co. Ltd., CNH Industrial NV, Daimler AG, Hino Motors Ltd., Navistar International Corp., PACCAR Inc., Scania AB, Tesla Inc., and Volkswagen AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Factors Covered in this Heavy-duty Trucks Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive heavy-duty trucks market growth during the next five years
  • Precise estimation of the heavy-duty trucks market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the heavy-duty trucks industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of heavy-duty trucks market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by GVWR

    • Market segments
    • Comparison by GVWR
    • Class 8 - Market size and forecast 2020-2025
    • Class 7 - Market size and forecast 2020-2025
    • Market opportunity by GVWR

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AB Volvo
      • BYD Co. Ltd.
      • CNH Industrial NV
      • Daimler AG
      • Hino Motors Ltd.
      • Navistar International Corp.
      • PACCAR Inc.
      • Scania AB
      • Tesla Inc.
      • Volkswagen AG

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The heavy-duty trucks market growth will increase by $474.96 thousand units during 2020-2025.
      The heavy-duty trucks market is expected to grow at a CAGR of 5.55% during 2020-2025.
      Technavio has segmented the heavy-duty trucks market by other1 (Class 8 and Class 7) and geographic (APAC, Europe, North America, South America, and MEA).
      AB Volvo, BYD Co. Ltd., CNH Industrial NV, Daimler AG, Hino Motors Ltd., Navistar International Corp., PACCAR Inc., Scania AB, Tesla Inc., Volkswagen AG are a few of the key vendors in the heavy-duty trucks market.
      APAC will register the highest growth rate of 58.04% among the other regions. Therefore, the heavy-duty trucks market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the heavy-duty trucks market growth are:
      • Increasing demand for heavy-duty trucks in emerging countries
      The heavy-duty trucks market vendors should focus on grabbing business opportunities from the class 8 segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Industrials
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>