Heavy-Duty Trucks Market 2020-2026; Growth Forecast & Industry Share Report - PowerPoint PPT Presentation

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Heavy-Duty Trucks Market 2020-2026; Growth Forecast & Industry Share Report

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Heavy duty trucks market size is garnering considerable growth worldwide attributing to the surging domestic and international trading activities. Substantial increase in the adoption of heavy-duty trucks for catering the construction and logistics industries has augmented the market demand during 2019-2025. – PowerPoint PPT presentation

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Title: Heavy-Duty Trucks Market 2020-2026; Growth Forecast & Industry Share Report


1
Heavy-Duty Trucks Market Growth Potential
Forecast, 2026
2
Key Insights Heavy Duty Trucks Market
  • Heavy duty trucks market is garnering
    considerable growth worldwide attributing to the
    surging domestic and international trading
    activities. Substantial increase in the adoption
    of heavy-duty trucks for catering the
    construction and logistics industries has
    augmented the market demand during 2019-2025.
  • The competitive landscape of heavy-duty trucks
    witnesses various industry mammoths investing
    heavily in the research and development with an
    intent to manufacture robust engines. In fact,
    the automotive giant Tesla in 2017 rolled out its
    electric class 8 Semi Truck featuring advanced
    technologies, thereby contributing to the
    industry expansion.

3
Continued
  • A paradigm shift towards the adoption of
    downsized engines in tandem with smart hybrid
    technologies with an intent to enhance the fuel
    efficiency have triggered the business growth. As
    a matter of fact, several industry players are
    introducing multiple variants of trucks with
    varied payload capacities and engine
    configurations to serve a diverse range of
    customers, eventually proliferating the industry
    size.
  • The onset of technological developments such as
    autonomous driving, enhancements in engine
    systems, tire pressure management, and others are
    supplementing the industry expansion over the
    forecast period.
  • Moreover, stringent regulatory norms addressing
    the improvement in global transportation network
    are also fostering the market growth.

4

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5
Major Companies Heavy-Duty Trucks Market
  • IBM Corporation
  • McAfee
  • Kaspersky Lab.
  • Microsoft Corporation
  • Panda security
  • Sophos Ltd.
  • Symantec Corp

6
Regional Heavy-Duty Trucks Market
  • APAC has been considered to be an outpacing
    region for the global heavy-duty trucks market
    since the last few years and is projected to
    progress at a prodigious pace in the ensuing
    years. This growth can be aptly attributed to the
    burgeoning commercialization, advent of advanced
    manufacturing plants, and adoption of
    technologically innovated vehicles across the
    region.
  • Furthermore, rising demands for heavy-duty trucks
    from the growing economies of the region like
    China, India, and Japan would propel the business
    growth.
  • In terms of the geographical growth, North
    America is predicted to emerge as a strong
    contender in the global heavy-duty trucks market
    accounting to the dominance of major
    manufacturers in the region. Some key factors
    impelling the regional growth include, escalating
    freight demands, increasing affluence amongst the
    developing nations, and expanding industrial and
    construction activities.

7
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