Heavy-Duty Trucks Market will surpass 2 million units by 2024

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Heavy Duty Trucks Market Price, Trends, Industry
Outlook Forecast 2017-2024
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Key Insights from Heavy Duty Trucks Market

• Increasing domestic and international trading
  activities across the globe will significantly
  propel the heavy duty trucks market size over the
  forecast period. Road and rail lead the freight
  transport unit enhancing the overall business
  growth.
• Upsurge in fleet size will positively support the
  logistics and construction sectors, which in turn
  will drive heavy duty trucks market share.
  Growing demand for heavy commercial vehicles used
  in agricultural and mining applications with
  improved transmission will further support the
  product penetration.
• Innovative connectivity based business models are
  revolutionizing the product demand by enhancing
  safety, reducing the cost of ownership, and
  improving the convenience level of owners. Thus,
  propelling the heavy duty trucks market size from
  2017 to 2024.
• Development of road network coupled with rising
  global sourcing of vehicle components will
  support the product demand.

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Continued...

• Stringent government protocols pertaining to
  emission control with the requirement for
  replacing the old vehicles will further fuel the
  product sales. Majority of the customers rely on
  the core values of offering products along with
  high quality, safety and environmental care
  features. Products offering higher power required
  by the applications will boost the overall heavy
  duty trucks market growth.
• Natural gas will generate demand at over 160
  thousand units in the heavy duty trucks market by
  2024. Improved fuel efficiency and growing
  preference toward low emissions will support the
  industry expansion. Rising number of natural gas
  filling stations coupled with superior mileage
  offered by the product will propel the industry
  demand.
• Logistics segment is anticipated to witness a
  substantial growth rate with a rate of 4.9 up to
  2024. Increasing orders for new lorries due to
  enhanced recovery of equipment manufacturers from
  tumbling freight market will support product
  penetration. Bulking up of new orders and
  specialized balance in inventory levels will
  positively impact the heavy duty trucks market
  size.

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Latest Research Report On Heavy Duty Trucks
Market _at_ https//www.gminsights.com/industry-ana
lysis/heavy-duty-trucks-market Request for a
sample of this research report _at_ https//www.gmin
sights.com/request-sample/detail/2015
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U.S. Heavy-Duty Trucks Market, By Fuel, 2016
2024, (Thousand Units)

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Major Companies in Heavy Duty Trucks Market

• Daimler
• Tata Motors
• General Motors
• FAW Group
• Volvo
• Toyota
• Ford
• ISUZU Motors
• PACCAR

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Industry Coverage

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Regional Insights in Heavy Duty Trucks Market

• Asia Pacific is projected to register the maximum
  revenue share over the forecast timeframe due to
  the increasing production across the region,
  particularly in emerging economies including
  China and India. High availability of cheap labor
  and raw materials will foster heavy duty trucks
  market growth across the region.
• Europe heavy-duty trucks market generated USD 20
  billion in 2016 and will further increase its
  revenue share by 2024. This can be attributed to
  the technology used in the region coupled with
  the presence of established players in developed
  countries.

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