Heavy duty trucks are the largest and heaviest trucks that are heavily weighted. The truck finds applications in logistics, construction, mining, and other industrial applications. Demand for heavy trucks (Class 7 and Class 8) is witnessing a notable rise. One of the biggest applications of these heavy trucks is the logistics industry, and the transportation, food & Beverages, automobiles, and other fields. In addition, trucks find applications in construction and mining.
Heavy trucks operating in advanced markets must comply with a variety of regulations related to environmental emissions and pollution control. Sales of all large trucks (7 and 8) are expected to reach 1.2 million units in 2018 and exceed 1.5 million units in 2027. The market is expected to average 3.8% per annum for the forecast period is 2018-2026.
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Top Key Players – AB Volvo, Daimler Trucks AG, Fiat Chrysler Automobiles, Ford Motor Company, General Motors, Navistar Inc., PACCAR Inc., Tata Motors, TOYOTA MOTOR CORPORATION, Volkswagen.
Heavy Duty Trucks Market:
- Class 7 (Between 26,001 and 33,000 Lb)
- Class 8 (33,001Lb and Higher)
- Natural Gas
- Hybrid Vehicles
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
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Objective of the Report
Major Key questions answered through this research report:
- What are the top key players of the global Heavy Duty Trucks Market?
- What are the strengths and weaknesses of the Heavy Duty Trucks Market?
- What are the highest competitors in the market?
- What are the different marketing and distribution channels?
- What are the global market opportunities in front of the market?
- What are the key outcomes of SWOT and Porter’s five techniques?
- What is the global market size and growth rate in the forecast period?
Different driving factors and global opportunities have been examined in this research report to understand the current and futuristic growth of the businesses. It sheds light on dynamic aspects of the businesses such as client’s needs and feedback of the various customers. Finally, researchers direct its focus on some significant points to give a gist about investment, profit margin, and revenue.
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