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Global Truck Market - Forecasts from 2019 to 2024

  • ID: 4801652
  • Report
  • Region: Global
  • 114 pages
  • Knowledge Sourcing Intelligence LLP
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FEATURED COMPANIES

  • Daimler Group
  • Dongfeng Motor
  • Embark
  • Hino Motors, Ltd
  • Iveco, Isuzu Motors Ltd.
  • PACCAR Inc
  • MORE
The global truck market is projected to grow at a CAGR of 2.37% to reach US$67.125 billion in 2024 from US$58.315 billion in 2018. Trucks are motor vehicles that are employed for logistical services, in various industries such as construction, agriculture, mining, oil and gas, etc. The global truck market is segmented on the basis of transmission type, engine type as well as geography. The truck market has three types of subsets under the transmission type automatic, semi-automatic and manual transmission. With technological advancements and R&D investments as well as rapid urbanization of previously low income sections of society, these reasons can be considered as drivers in the truck industry. Geographically the Asia Pacific region is estimated to have a high market growth for the Truck market due to the rise in disposable income as well as rapid urbanization of previously low-income sections along with increasing investment in infrastructure as well as logistical services in the regions. The market share of North America is expected to mature due to the early adoption of trucks in the region.

Drivers

Increasing R&D investment in the truck industry
Rapid global urbanization
Growing logistical services

Restraints

Rising global interest rates will hinder the growth of the global truck industry

Industry Update

In July 2018, Embark, an autonomous truck manufacturing company received $30 million in series B funding led by Sequoia Capital.

Major industry players profiled as part of the report are Daimler Group, TATA Motors Limited, Volvo Group, Dongfeng Motor, Volkswagen Group, Navistar International Corp, Iveco, Isuzu Motors Ltd., Embark, and PACCAR Inc. among others.

Segmentation

The global truck market has been analyzed through the following segments:

By Transmission Type

Automatic
Semi-Automatic
Manual

By Engine Type

Electric
Hybrid
Non-Electric

By Geography

North America
USA
Canada
Mexico
Others

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Daimler Group
  • Dongfeng Motor
  • Embark
  • Hino Motors, Ltd
  • Iveco, Isuzu Motors Ltd.
  • PACCAR Inc
  • MORE
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources

3. KEY FINDINGS

4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter's Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. TRUCK MARKET BY TRANSMISSION TYPE
5.1. Automatic
5.2. Semi-Automatic
5.3. Manual

6. TRUCK MARKET BY ENGINE TYPE
6.1. Electric
6.2. Hybrid
6.3. Non-Electric

7. TRUCK MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.1.4. Others
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others

8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players

9. COMPANY PROFILES
9.1. Daimler Group
9.2. TATA Motors Limited
9.3. Volvo Group
9.4. Dongfeng Motor
9.5. Volkswagen Group
9.6. Navistar International Corp
9.7. Iveco, Isuzu Motors Ltd.
9.8. Embark
9.9. PACCAR Inc
9.10. Hino Motors, Ltd
Note: Product cover images may vary from those shown
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  • Daimler Group
  • TATA Motors Limited
  • Volvo Group
  • Dongfeng Motor
  • Volkswagen Group
  • Navistar International Corp
  • Iveco, Isuzu Motors Ltd.
  • Embark
  • PACCAR Inc
  • Hino Motors, Ltd
Note: Product cover images may vary from those shown
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The research study is based on the publisher's proprietary research model. The process involves sourcing of information from various industry experts, key professionals, decision-makers and various other stakeholders along with the validation of the responses received from the vast in-house database and premium paid databases. Publicly available sources were also taken into consideration for the final market estimates and forecast for the segments and sub-segments.

The first phase of the research process is the identification of key industry leaders, experts, decision-makers and C-level executives and then conducting interviews and surveys to gain vital insights about the market. Simultaneously, extensive secondary research is done, and key secondary data is collected as part of this process. This secondary data is collected from various databases, industry journals, whitepapers, company annual reports, research publications, and other paid data sources and relevant literature. Company profiles which include strategies, new product developments, recent investments, major products and services, financials and business plans are sourced from the annual reports, SEC filings, industry associations to preserve the quality of the information being displayed. The findings from both the primary and the secondary research process combined go under further processing for market breakdown and forecasting.

The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in a faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the collected data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. The publisher has developed their market forecasting methodology that, in addition to the main market values, also takes into account other macroeconomic factors (global or local) that might have some bearing on the market under study. Taking all the necessary data, a robust forecast is developed using an algorithm that involves both static (multivariate) as well as dynamic (time-series) regression analysis. Special care is taken to make sure their algorithm passes the necessary statistical tests, and the mean prediction for future years obtained is reliable with a very high confidence level. Following data validation, the analysts begin to write the report presenting insights with the help of charts, graphs, and tables.

 

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