High-performance trucks market
TheĀ high-performance trucks market, by volume, had a market size of 1.7 Million units in 2016 and is projected to reach 2.5 Million units by 2025, at a CAGR of 4.06% during the forecast period. Increasing demand for special application trucks with high engine power requirement and increasing focus toward fuel economy standards have triggered the growth of the high-performance trucks market. Also, increase in demand for long-haul trucks for efficient transportation of goods has also boosted the demand for high-performance trucks globally.
Years Considered for this report:
- 2015: Historical year
- 2016: Base Year
- 2017: Estimated Year
- 2019, 2022, 2025: Forecast Year
- Objectives of the Report
- To define, segment, and forecast the high-performance trucks market (2017ā2030), in terms of volume (ā000 units)
- To define, describe, and project the high-performance trucks market, by power output at country level
- To define, describe, and project the high-performance trucks market, by application, by vehicle type, and by fuel type in regions, namely, Asia Oceania, Europe, North America, and the Rest of the World (RoW)
- To define, describe, and project the high-performance trucks market, by transmission type in terms of volume (ā000 units) and value (USD million)
- To provide a detailed analysis of various forces acting in the high-performance trucks market (drivers, restraints, opportunities, and challenges)
- To analyze the competitive landscape which includes recent developments (new product developments, expansion, mergers & acquisitions, supply contracts/joint ventures) by the OEMs, software/solution providers, Tier-1 companies, and startups.
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Break-up of the profile of industry experts who participated in primary discussions.
The ecosystem of the high-performance trucks market consists Tier I suppliers such as ZF (Germany), Cummins (US), and Eaton (Ireland). These systems and components are supplied to OEMs of medium- & heavy-duty trucks such as Daimler (Germany), Volvo (Sweden), and MAN (Germany). It also includes OEMs of pickup trucks such as Ford (US), GMC (US), and others.
High-Performance Trucks Market Target Audience
- Medium- and heavy-duty truck OEMs
- Pickup truck OEMs
- Engine suppliers
- Transmission system suppliers
- Alternate fuel technology suppliers
- Industry associations and experts
- Governmentās national and regional environmental regulatory agencies or organizations
- The automobile industry and related end-user industries
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Scope of the Report
High-Performance Trucks Market, By Transmission Type
- Automatic Transmission
- Semi-automatic Transmission
- Manual Transmission
High-Performance Trucks Market, By Region & country
- Asia Oceania (China, Japan, South Korea, India, and Others)
- Europe (Germany, France, Spain, UK, and Others)
- North America (US, Mexico, and Canada)
- Rest of the World (Brazil, Russia, and Others)
High-Performance Trucks Market, By Application
- Distribution
- Container
- Dumping
- Refrigeration
- Tanker
- RMC
- Special Application
High-Performance Trucks Market, By Transmission Type (at Country Level)
- Automatic Transmission
- Semi-automatic Transmission
- Manual Transmission
Asia Oceania is estimated to be the leading market for high-performance trucks.
Transportation plays a significant role in Asiaās economy. Hence, the heavy-duty trucking industry is flourishing continuously in this region. The booming logistics sector and a strong shift toward high-load freight transport are expected to drive the growth of high load capacity trucks in this region. Also, owing to revised regulatory norms for fuel economy standards and axle loading, OEM and Tier I suppliers are focusing toward the development of high-performance engines with high torque capacity. The governments of developing nations such as India and China have favorable policies and provide subsidies to European and American OEMs to set up their manufacturing plants in the countries. For instance, in 2017, Scania has planned to establish an assembly plant for trucks and bus chassis as well as a manufacturing facility for truck cabs in Bangkok (Thailand). Also, German Players such as MAN and Daimler are collaborating with regional players to strengthen their operations in this region. Significant investments of foreign OEMs in the Asian region play an important role to boost the market for high-performance trucks in Asia Oceania.
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The Tier-I suppliers profiled in the report include Cummins (US), ZF (Germany), Allison (US), and Eaton (Ireland). These systems and components are supplied to automotive OEMs such as Volvo (Sweden), Daimler (Germany), Scania (Sweden), Ford (US), GMC (US), and others.
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Source:Ā High-Performance Trucks Market Research Report 2019