Heavy Duty Trucks Market share research by applications and regions for 2017-2024

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Heavy Duty Trucks Market Global Industry
Analysis Report, Share, Growth, Price Trends and
Forecast, 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Heavy Duty Trucks Market

• Heavy Duty Trucks Market size is expected to
  stabilize during the forecast period owing to the
  new advancements in automotive and transportation
  industry.
• Technological innovations, such as powertrain and
  advancement in information technology including
  connected trucks, are gaining attention.
• The new connectivity based business models are
  transforming the heavy duty and medium-sized
  trucks by improving safety, decreasing the cost
  of ownership, and enhancing the convenience level
  of owners.
• Growing middle class in the emerging economies
  will drive the transport volume of goods
  consumed, offering substantial growth prospects
  to the industry players over the forecast period.

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Continued...

• There is a demand for more powerful vehicles with
  higher carrying capacity to handle the weight,
  strong suspension systems to navigate poor road
  conditions, and reliable vehicles to cope with
  the practice of overloading.
• On the basis of product, the heavy duty trucks
  market is segmented into container, bulk cargo,
  fuel tank, and other.
• The bulk cargo segment is anticipated to grow
  over the forecast time frame owing to the
  increasing transportation activities across the
  globe.
• Some of the key players in the heavy-duty trucks
  market include Ford Motor Company, Nissan,
  Toyota, General Motors, FCA, Freightliner, Volvo,
  Kenworth, Navistar, Paccar, Peterbilt,
  International, Tata Motors, Volkswagen, and
  Daimler.

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360 Analysis

• Product Analysis
• Stringent fuel efficiency standards along with
  the incentives for innovation and deployment of
  innovative vehicle technologies will fuel the
  heavy duty trucks market growth.
• Regional Analysis
• Asia Pacific is leading the heavy-duty trucks
  market and will remain dominant during the
  forecast timeline. India is likely to be the most
  dynamic market and will displace the U.S. as the
  worlds second largest market. Germany occupies a
  pivotal position in the business with significant
  industry players based in the country such as
  Mercedes Benz and Volkswagen.
• Competitive Market Share
• The industry participants are strengthening their
  local presence and investing in advanced
  technologies. Some OEMs, such as Volvo and
  Daimler, are focusing on vertical integration,
  enabling them to control both product
  differentiation and profit margins.

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