Heavy-Duty Trucks Market Analysis To 2026 - Business Opportunities & Revenue Analysis

By Ronak Bora

The heavy-duty trucks market is projected to foresee tremendous revenue growth through the forthcoming timespan owing to the rapidly expanding e-commerce sector as well as the subsequent growth of the logistics sector. Rapid as well as large-scale distribution and delivery of products due to the expansion of global trade is responsible for creating the demand for heavy duty trucks across various industrial avenues.
Apart from their increasing applications in the e-commerce industry, heavy duty trucks are also witnessing substantial use in a number of other industries like towing, hauling, moving, recycling, garbage collection, and mining. The ability of these trucks to move large quantities of cargo over land, in a very reliable, cost-effective, and timely manner, is assuring that their adoption and ensuring steady revenue growth as companies become more globalized.
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The class 8 heavy duty trucks segment is estimated to generate considerable revenues across the forecast timespan owing to their ability to facilitate long-haul travel while giving exceptional performance. The growing development of trucks with new features should also proliferate the overall segment size over the analysis period.
In addition, the expanding application scope of class 8 trucks in the mining industry along with rising investments towards the development of more advanced trucks, is likely to complement the segment share. Class 8 trucks have a 4x2 axle configuration, which means that the trucks have four wheels that are backed by one drive axle. This axel configuration allows two single drive axles within the truck design, which limits the load-carrying capacity, and further offers a significant growth trajectory to the overall market.
The above 500HP heavy duty trucks segment is forecast to witness a significant adoption rate owing to their exceptional load-carrying capacities and their ability to traverse a plethora of different terrains.
Geographically, Asia Pacific heavy-duty trucks market is slated to witness remunerative growth owing to the momentous regional infrastructure as well as construction activities. Furthermore, increasing investments by private and government sectors in the development of numerous residential and commercial real estate projects is fueling the heavy duty trucks adoption in the region.
Key companies in the heavy-duty trucks market are frequently launching new products with enhanced features with a major focus over cost-effectivity and safety to bring in more customers and grow their revenues. Taking January 2020 for instance, Chevrolet launched its 2020 Chevrolet Silverado HD in the Middle East region. This heavy-duty truck is equipped with a 6.6L V8 L8T gasoline engine, which makes it an impressive 401 horsepower truck that has 463 pound-feet of torque.
The competitive landscape of the heavy-duty trucks market is inclusive of players such as Eicher Motors Ltd., Oshkosh Corporation, Mack Trucks, Peterbilt, Kenworth, International Trucks, Volvo, Daimler Trucks, Tata Motors, and Navistar among others.
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Partial Chapter of the Table of Content
Chapter 6.    Heavy-Duty Trucks Market, By Fuel
6.1.    Key trends by fuel
6.2.    Diesel
6.2.1. Market estimates and forecast, 2016 - 2026
6.3.    Natural gas
6.3.1. Market estimates and forecast, 2016 - 2026
6.4.    Hybrid electric
6.4.1. Heavy-Duty Trucks Market estimates and forecast, 2016 - 2026
6.5.    Gasoline
6.5.1. Market estimates and forecast, 2016 - 2026
Chapter 7.    Heavy-Duty Trucks Market, By Horsepower
7.1.    Key trends by horsepower
7.2.    Below 300HP
7.2.1. Market estimates and forecast, 2016 - 2026
7.3.    300HP – 400HP
7.3.1. Market estimates and forecast, 2016 - 2026
7.4.    400HP – 500HP
7.4.1. Heavy-Duty Trucks Market estimates and forecast, 2016 - 2026
7.5.    Above 500HP
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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