The major driving factor fueling the growth of heavy-duty trucks is increasing demand for powerful vehicle with higher carrying capacity to handle weights and strong suspension system where the high cost associated with heavy-duty trucks can act as the restraining factor in the market. The bulk cargo is expected to boost the market for heavy-duty trucks in the coming years.
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The "Global Heavy-Duty Trucks Market Analysis to 2025" is a specialized and in-depth study of the heavy-duty trucks industry with a focus on the global market trend. The report aims to provide an overview of global heavy-duty trucks market with detailed market segmentation by type, application and geography.
The global heavy-duty trucks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the heavy-duty trucks players and offers key trends and opportunities in the market.
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Heavy-duty truck can be defined as commercial vehicles and these vehicle are the integral part of the any commercial activities such as transportation, agriculture, construction and many other functions. Increasing customer demand for services, quality and features are surging the growth of heavy-duty truck.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global heavy-duty trucks market based on type and application.
It also provides market size and forecast till 2025 for overall forklifts market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments.
The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
Also, key heavy-duty trucks market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
Some of the key players influencing the market are Daimler AG, MAN, PACCAR Inc., Scania AB, AB Volvo, Ashok Leyland, FAW Group Corporation, Isuzu Motors Ltd., Iveco and Tata Motors.
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