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

Published: Sep 2021

Pages: 120

SKU: IRTNTR71076

Snapshot

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?

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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:

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?

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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?

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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.

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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

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Table of Contents

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

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

Appendix

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

Methodology

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.

INFORMATION 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

DATA 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

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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Data on revenue-generating market segments
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