Outlook for Heavy Duty Truck 2021-2027

by chief

The heavy-duty truck can be defined as commercial vehicles and these vehicles are an integral part of any commercial activities such as transportation, agriculture, construction and many other functions. Heavy-duty trucks are heavier than medium-duty trucks. Their weight ranges from 26001 lbs to over 33000 lbs (11794 kg to over 14969 kg). These trucks save time for the transportation of the goods and materials, the increasing customer demand for services, quality and features are surging the growth of heavy-duty truck & is expected to further grow the market in the forecast period.

The heavy-duty truck market trends are as follows:

Increasing infrastructure investments globally 

The governments globally are getting more concerned about the infrastructure and trying their level best to enhance it due to several reasons such as to attract international tourism, to promote economic recoveries, etc. Furthermore, governments across the globe are taking initiatives to educate people about waste management and recycling. This, in turn, is expected to drive the global heavy duty truck market of waste and subsequently, heavy-duty trucks. In addition, The trucks manufactured presently are more reliable, effective, fuel-efficient, and possess a higher load-carrying capacity, as compared to those of trucks manufactured earlier which have created significant market opportunities for the heavy-duty truck market which will be growing further in the forecast period.

Report MetricDetails
Market size available for years2020–2027
 Base year considered2019
Forecast period2021–2027
Forecast unitsValue (USD)
Segments coveredTonnage type, Propulsion and Application
Geographies coveredNorth America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)
Companies coveredDaimler AG, MAN, PACCAR Inc., Scania AB, AB Volvo, Ashok Leyland, FAW Group Corporation, Isuzu Motors Ltd., Ford Motor Company, Iveco and Tata Motors.

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