Global Heavy Duty Trucks Market to Clock 3.2% CAGR from 2021-27

The global Heavy Duty Trucks market was valued at US$ 104820 million in 2020 and it is expected to reach US$ 135030 million by the end of 2027, growing at a CAGR of 3.2% during 2021-2027.

Heavy-duty (HD) trucks come under heavy-duty commercial vehicles and are used for cargo transportation, logistics operations, construction, mining, and agricultural fields for various functions. HD trucks include dump trucks, tractor-trailers, tank trucks, and haul trucks. Heavy-duty (HD) trucks come under HCVs and are used for cargo transportation, logistics operations, in construction, mining, and agricultural fields for various functions. HD trucks include dump trucks, tractor-trailers, tank trucks, and haul trucks. The cost range of a HD truck in the low-cost market is $24,000- 49,000, in the medium-cost market is $50,000- 71,000, and in a premium market, the cost is above $71,000.

With the increasing demand, numerous countries are investing in overseas mining operations in the region. The growing population, rapid urbanization, and widespread infrastructure development in the deveoped and developing countries such as China, India, Indonesia, and African countries has also increased the need for miningactivities due to the increase in the consumption of metals and minerals such as iron, copper, limestone, and shale gas. To cater to this growing demand, governments across the world are also increasingly investing in the mining industry. This will significantly benefit the growth of the heavy-duty trucks market during the forecast period.

Global Heavy Duty Trucks Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Heavy Duty Trucks Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Daimler Trucks, MAN, PACCAR, Scania, Volvo Trucks, Ashok Leyland, FAW Group Corporation, ISUZU MOTORS, Iveco, Mack Trucks, Tata Motors and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-heavy-duty-trucks-market-outlook

Segment by Type

  • Class 5
  • Class 6
  • Class 7
  • Class 8

Segment by Application

  • Agriculture
  • Logistics
  • Construction
  • Mining

Table of Content:

1 Heavy Duty Trucks Market Overview

2 Market Competition by Manufacturers

3 Production and Capacity by Region

4 Global Heavy Duty Trucks Consumption by Region

5 Production, Revenue, Price Trend by Type

6 Consumption Analysis by Application

7 Key Companies Profiled

8 Heavy Duty Trucks Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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