Study papers on High-Performance Trucks market and regional forecast. High-Performance Trucks market players are Volvo (Sweden), Daimler (Germany), Scania (Sweden), Paccar (US), MAN (Germany), Ford (US), GMC (US), FCA (UK), Nissan (Japan), Toyota (Japan), Allison (US), ZF (Germany), Cummins (US), Eaton (Ireland), American Axle (US).
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High-performance trucks market is estimated to be 1.8 million units in 2017 and is projected to reach 2.5 million units by 2025, growing at a CAGR of 4.06% during the forecast period. The growing stringency influences the advancements in the engine & exhaust technologies of high-performance trucks in emission norms for heavy- and light-duty vehicles.
Manufacturers are adopting technologies to increase fuel efficiency and enhance the power output with engine weight reduction. Also, supply and demand for goods are majorly dependent on efficient logistics, and it also needs well-established road infrastructure.
Efficient logistic operations require medium & heavy-duty vehicles with high engine power output, which is driving the demand for the high-performance trucks market.
- Medium- and heavy-duty truck OEMs
- Pickup truck OEMs
- Engine suppliers
- Transmission system suppliers
- Alternate fuel technology suppliers
- Industry associations and experts
- Government’s national and regional environmental regulatory agencies or organizations
- The automobile industry and related end-user industries
Asia Oceania is estimated to dominate the high-performance trucks market. Factors such as strong economic growth, booming logistics and supply chain sector, stringent emission norms are responsible for the growth of Asia Oceania in the high-performance trucks market.
Similarly, to build efficient road connectivity, countries such as India and China are significantly investing in infrastructure facilities. For instance, the Indian government has launched various infrastructure projects such as Sagar Mala Project, Bharat Mala Project, Rashtriya Rajmarg Zila Sanjoyokta Pariyojna Project, and Chardham-Highway Project.
China accounts for the largest share of the Asia Oceania high-performance trucks market owing to the presence of key medium- & heavy-duty OEMs such as BAIC, FAW, CNHTC, Dayun Group, BeiBen Truck, and others. Also, China has the largest number of medium- and heavy-duty trucks produced ~50% in 2017.
Owing to stringent emission norms set by the Chinese Ministry of Environmental Protection (MEP), OEMs in China are continuously focusing toward the development of after-treatment devices, engine technologies, technology upgrade, and other developments. All these factors influence the growth of the high-performance trucks market in Asia Oceania in the near future.
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Increasing stringency of emission norms across the globe has forced engine manufacturers to develop low-emission alternative-fuel engines. For instance, leading engine manufacturers such as Cummins and Caterpillar have developed engines for natural gas-powered trucks.
The US & European governments are focusing on the deployment of more CNG & LNG fueling stations and promoting the use of alternate fuel-powered commercial vehicles. For instance, according to European Alternative Fuels Observatory (EAFO), LNG stations increased significantly in Europe between 2008 and 2015.
The total number of LNG fueling stations in Europe was 33,282 in 2008, which increased by 20.32% from 2008 to 2015. Also, as LNG allows transporters to store more fuel in trucks in a smaller space, the demand for LNG-powered trucks is increasing significantly in long-run applications.
2 High-Performance Trucks: Market Share Analysis
3 Competitive Situation & Trends
3.1 Supply Contracts/Partnerships/Joint Ventures
3.2 New Product Developments
3.4 Mergers & Acquisitions
Get “High-Performance Trucks Market” Report is now available at www.rnrmarketresearch.com/contacts…unt?rname=1338372
The report provides a picture of the high-performance trucks market across different verticals and regions. It aims at estimating the market size and future growth potential of the high-performance trucks market, by application, power output, fuel type, vehicle type, transmission type, and region.
Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, competitive landscape, recent developments, and key market strategies.
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