Europe - Heavy-duty Trucks Market by Type, and Fuel Type - Forecast and Analysis 2023-2027

Published: Sep 2023 Pages: 162 SKU: IRTNTR71588

Europe - Heavy-duty Trucks Market 2023-2027

The Europe - heavy-duty trucks market size is estimated to grow at a CAGR of 6.91% between 2022 and 2027. The market size is forecast to increase by USD 13,388.66 million. The growth of the market depends on several factors such as the increasing demand for HD trucks in Eastern Europe, the growing demand for HD trucks from truck rental service providers, and stringent emission standards for HD trucks. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

This report extensively covers market segmentation by type (3.5 to 16 tonnes and over 16 tonnes), and fuel type (diesel powered, gasoline powered, electric powered, and solar powered). It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the size of the Europe Heavy-duty Trucks Market During the Forecast Period?

Europe Heavy-duty Trucks Market Forecast 2023-2027

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Europe Heavy-duty Trucks Market Dynamic

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver- Increasing demand for HD trucks in Eastern Europe

Eastern Europe is expected to account for a significant portion of the adoption of HD trucks in Europe due to factors such as the increase in manufacturing activities and improvement in road infrastructure driving the demand for HD trucks in Eastern European countries. In addition, countries in this region are witnessing faster economic growth, which can be positively correlated with the accelerating demand for transportation and logistics.

Besides, Eastern European economies attract many prominent manufacturers due to the low cost of manufacturing supported by lower labor costs. These economies rely heavily on exporting the finished products/goods to the rest of Europe, which acts as an enabler for the HD trucks market in Europe, as road transportation is a prominent medium for goods transportation in the region. Therefore, the rising demand for HD trucks in Eastern Europe will drive the growth of the market during the forecast period.

Trends- Development of multi-brand truck platooning in Europe

The truck platooning concept has gained interest from prominent automotive manufacturers. Truck platooning involves traveling multiple trucks at an aerodynamic distance and driving cooperatively by maintaining the distance at high speeds. A truck platoon is like a train's compartment-like arrangement but with physical disconnects. Nowadays, truck platooning is being tested by market players across the globe with the aim of commercializing the technology.

Moreover, the adoption of multi-brand truck platooning will be approvingly beneficial to European countries as it enhances fuel economy, lowers emissions, ensures traffic safety, and enhances fleet operator efficiency. Technavio expects such developments to positively impact the growth of the Europe heavy-duty trucks market during the forecast period.

Challenge- High cost associated with HD trucks

An increase in the price of raw materials such as stainless steel, hardened steel, cast iron, and other metal alloys has resulted in a subsequent increase in the manufacturing cost of trucks. Inflated manufacturing costs have reduced the profit margins for OEMs. In addition, HD trucks require continual maintenance and repairs, which add to the total cost of ownership. Further, the implementation of stringent regulations to decrease emissions is contributing to the increase in manufacturing costs, which is exerting cost pressure on the OEMs.

Moreover, large-mile travel has a positive impact on the TCO of electric trucks as compared to diesel trucks. However, most of the purchases made in the Europe - heavy-duty trucks market are based on the upfront cost, which is high for both diesel and electric trucks. Therefore, such factors will prove to be a considerable challenge for the high-volume adoption of HD trucks in Europe and hinder the growth of the market in focus during the forecast period.

Europe Heavy-duty Trucks Market Segmentation by Type and Fuel Type

Type Segment Analysis:

The 3.5 to 16 tonnes segment will account for a major share of the market's growth during the forecast period.?HD trucks with weight capacities ranging from 3.5 to 16 tonnes are designed to handle a wide range of transportation needs, making them indispensable in various industries and applications such as in the construction industry. One of the defining features of HD trucks in this weight class is their adaptability. They are well-suited for local and regional transport tasks, which often involve navigating urban and suburban environments.

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The 3.5 to 16 tonnes segment was valued at USD 15,601.74 million in 2017. The growth of the e-commerce industry is increasing the demand for road transportation of goods in Europe. This is one of the key factors driving the demand for HD trucks weighing 3.5-16 tonnes. The introduction of electric truck versions in the HD trucks from the 3.5 to 16 tonnes segment is expected to be crucial for the growth of the segment. Furthermore, the rising launch of electric truck versions will generate interest in this segment, which will allow the segment to witness significant growth during the forecast period.

Fuel Type Segment Analysis: 

Based on fuel type, the market has been segmented into diesel powered, gasoline powered, electric powered, and solar powered. The diesel powered segment will account for the largest share of this segment.?One significant feature of diesel powered HD trucks is their ability to handle long-distance transportation effectively. The high torque output of diesel engines makes them well-suited for hauling heavy loads over extended distances. Furthermore, prominent players of diesel powered trucks in Europe include Daimler Trucks (Mercedes-Benz), Volvo Group (Volvo and Renault Trucks), MAN Truck and Bus, Scania, and Iveco. These manufacturers provide a wide range of HD trucks with diesel engines, catering to different industries and transportation needs across the region. Hence, the rising use of diesel powered trucks will drive the growth of this segment in the Europe - heavy-duty trucks market during the forecast period.

Who are the Major Europe Heavy-duty Trucks Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Scania AB: The company offers heavy duty trucks such as Ecomet 1415 tipper, Ecomet 1815 HE and eComet 1415 7 cum tipper.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

AB Volvo, Daimler Truck AG, PACCAR Inc., Tesla Inc., Volkswagen AG, BYD Co. Ltd., Toyota Motor Corp., Ashok Leyland Ltd, Oshkosh Corp., Eicher Motors Ltd., General Motors Co., Hindustan Motors Ltd., Mahindra and Mahindra Ltd., Iveco SpA, Sinotruk Hong Kong Ltd., Dongfeng Motor Group Co. Ltd., Ford Motor Co., Isuzu Motors Ltd., and Tata Motors Ltd.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The Europe heavy-duty trucks market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • 3.5 to 16 tonnes
    • Over 16 tonnes
  • Fuel Type Outlook (USD Million, 2017 - 2027)
    • Diesel powered
    • Gasoline powered
    • Electric powered
    • Solar powered

Europe Heavy-duty Trucks Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.91%

Market growth 2023-2027

USD 13,388.66 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.54

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AB Volvo, Scania AB, Daimler Truck AG, PACCAR Inc., Tesla Inc., Volkswagen AG, BYD Co. Ltd., Toyota Motor Corp., Ashok Leyland Ltd, Oshkosh Corp., Eicher Motors Ltd., General Motors Co., Hindustan Motors Ltd., Mahindra and Mahindra Ltd., Iveco SpA, Sinotruk Hong Kong Ltd., Dongfeng Motor Group Co. Ltd., Ford Motor Co., Isuzu Motors Ltd., and Tata Motors Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis 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 Data Covered in this Europe Heavy-duty Trucks Market Regional Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the Europe heavy-duty trucks market between 2023 and 2027
  • Precise estimation of the Europe heavy-duty trucks market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across Europe
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of Europe heavy-duty trucks market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Fuel Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Europe: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)

    4 Historic Market Size

    • 4.1 Heavy-duty trucks market in Europe 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on heavy-duty trucks market in Europe 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Fuel Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Fuel Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 22: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 29: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 30: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 31: Chart on Comparison by Type
      • Exhibit 32: Data Table on Comparison by Type
    • 6.3 3.5 to 16 tonnes - Market size and forecast 2022-2027
      • Exhibit 33: Chart on 3.5 to 16 tonnes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 34: Data Table on 3.5 to 16 tonnes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Chart on 3.5 to 16 tonnes - Year-over-year growth 2022-2027 (%)
      • Exhibit 36: Data Table on 3.5 to 16 tonnes - Year-over-year growth 2022-2027 (%)
    • 6.4 Over 16 tonnes - Market size and forecast 2022-2027
      • Exhibit 37: Chart on Over 16 tonnes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 38: Data Table on Over 16 tonnes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Chart on Over 16 tonnes - Year-over-year growth 2022-2027 (%)
      • Exhibit 40: Data Table on Over 16 tonnes - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 41: Market opportunity by Type ($ million)
      • Exhibit 42: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Fuel Type

    • 7.1 Market segments
      • Exhibit 43: Chart on Fuel Type - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Fuel Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Fuel Type
      • Exhibit 45: Chart on Comparison by Fuel Type
      • Exhibit 46: Data Table on Comparison by Fuel Type
    • 7.3 Diesel powered - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Diesel powered - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Diesel powered - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Diesel powered - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Diesel powered - Year-over-year growth 2022-2027 (%)
    • 7.4 Gasoline powered - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Gasoline powered - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Gasoline powered - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Gasoline powered - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Gasoline powered - Year-over-year growth 2022-2027 (%)
    • 7.5 Electric powered - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Electric powered - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Electric powered - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Electric powered - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Electric powered - Year-over-year growth 2022-2027 (%)
    • 7.6 Solar powered - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Solar powered - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Solar powered - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Solar powered - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Solar powered - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Fuel Type
      • Exhibit 63: Market opportunity by Fuel Type ($ million)
      • Exhibit 64: Data Table on Market opportunity by Fuel Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 66: Chart on Market share by geography - 2022-2027 (%)
      • Exhibit 67: Data Table on Market share by geography - 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 68: Chart on Geographic comparison
      • Exhibit 69: Data Table on Geographic comparison
    • 9.3 Germany - Market size and forecast 2022-2027
      • Exhibit 70: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.4 UK - Market size and forecast 2022-2027
      • Exhibit 74: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.5 France - Market size and forecast 2022-2027
      • Exhibit 78: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 81: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.6 Italy - Market size and forecast 2022-2027
      • Exhibit 82: Chart on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 85: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.7 Rest of Europe - Market size and forecast 2022-2027
      • Exhibit 86: Chart on Rest of Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Data Table on Rest of Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Chart on Rest of Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 89: Data Table on Rest of Europe - Year-over-year growth 2022-2027 (%)
    • 9.8 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)
      • Exhibit 91: Data Table on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 92: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 93: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 94: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 95: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 96: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 97: Matrix on vendor position and classification
            • 12.3 AB Volvo
              • Exhibit 98: AB Volvo - Overview
              • Exhibit 99: AB Volvo - Business segments
              • Exhibit 100: AB Volvo - Key news
              • Exhibit 101: AB Volvo - Key offerings
              • Exhibit 102: AB Volvo - Segment focus
            • 12.4 Ashok Leyland Ltd
              • Exhibit 103: Ashok Leyland Ltd - Overview
              • Exhibit 104: Ashok Leyland Ltd - Product / Service
              • Exhibit 105: Ashok Leyland Ltd - Key offerings
            • 12.5 BYD Co. Ltd.
              • Exhibit 106: BYD Co. Ltd. - Overview
              • Exhibit 107: BYD Co. Ltd. - Business segments
              • Exhibit 108: BYD Co. Ltd. - Key news
              • Exhibit 109: BYD Co. Ltd. - Key offerings
              • Exhibit 110: BYD Co. Ltd. - Segment focus
            • 12.6 Daimler Truck AG
              • Exhibit 111: Daimler Truck AG - Overview
              • Exhibit 112: Daimler Truck AG - Business segments
              • Exhibit 113: Daimler Truck AG - Key offerings
              • Exhibit 114: Daimler Truck AG - Segment focus
            • 12.7 Eicher Motors Ltd.
              • Exhibit 115: Eicher Motors Ltd. - Overview
              • Exhibit 116: Eicher Motors Ltd. - Product / Service
              • Exhibit 117: Eicher Motors Ltd. - Key offerings
            • 12.8 General Motors Co.
              • Exhibit 118: General Motors Co. - Overview
              • Exhibit 119: General Motors Co. - Business segments
              • Exhibit 120: General Motors Co. - Key news
              • Exhibit 121: General Motors Co. - Key offerings
              • Exhibit 122: General Motors Co. - Segment focus
            • 12.9 Hindustan Motors Ltd.
              • Exhibit 123: Hindustan Motors Ltd. - Overview
              • Exhibit 124: Hindustan Motors Ltd. - Key offerings
            • 12.10 Mahindra and Mahindra Ltd.
              • Exhibit 125: Mahindra and Mahindra Ltd. - Overview
              • Exhibit 126: Mahindra and Mahindra Ltd. - Business segments
              • Exhibit 127: Mahindra and Mahindra Ltd. - Key news
              • Exhibit 128: Mahindra and Mahindra Ltd. - Key offerings
              • Exhibit 129: Mahindra and Mahindra Ltd. - Segment focus
            • 12.11 Oshkosh Corp.
              • Exhibit 130: Oshkosh Corp. - Overview
              • Exhibit 131: Oshkosh Corp. - Business segments
              • Exhibit 132: Oshkosh Corp. - Key offerings
              • Exhibit 133: Oshkosh Corp. - Segment focus
            • 12.12 PACCAR Inc.
              • Exhibit 134: PACCAR Inc. - Overview
              • Exhibit 135: PACCAR Inc. - Business segments
              • Exhibit 136: PACCAR Inc. - Key news
              • Exhibit 137: PACCAR Inc. - Key offerings
              • Exhibit 138: PACCAR Inc. - Segment focus
            • 12.13 Scania AB
              • Exhibit 139: Scania AB - Overview
              • Exhibit 140: Scania AB - Business segments
              • Exhibit 141: Scania AB - Key offerings
              • Exhibit 142: Scania AB - Segment focus
            • 12.14 Tata Motors Ltd.
              • Exhibit 143: Tata Motors Ltd. - Overview
              • Exhibit 144: Tata Motors Ltd. - Business segments
              • Exhibit 145: Tata Motors Ltd. - Key news
              • Exhibit 146: Tata Motors Ltd. - Key offerings
              • Exhibit 147: Tata Motors Ltd. - Segment focus
            • 12.15 Tesla Inc.
              • Exhibit 148: Tesla Inc. - Overview
              • Exhibit 149: Tesla Inc. - Business segments
              • Exhibit 150: Tesla Inc. - Key news
              • Exhibit 151: Tesla Inc. - Key offerings
              • Exhibit 152: Tesla Inc. - Segment focus
            • 12.16 Toyota Motor Corp.
              • Exhibit 153: Toyota Motor Corp. - Overview
              • Exhibit 154: Toyota Motor Corp. - Business segments
              • Exhibit 155: Toyota Motor Corp. - Key offerings
              • Exhibit 156: Toyota Motor Corp. - Segment focus
            • 12.17 Volkswagen AG
              • Exhibit 157: Volkswagen AG - Overview
              • Exhibit 158: Volkswagen AG - Business segments
              • Exhibit 159: Volkswagen AG - Key offerings
              • Exhibit 160: Volkswagen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 161: Inclusions checklist
                • Exhibit 162: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 163: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 164: Research methodology
                • Exhibit 165: Validation techniques employed for market sizing
                • Exhibit 166: Information sources
              • 13.5 List of abbreviations
                • Exhibit 167: 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.

              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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