The India truck market size reached US$ 20,042 Million in 2022. Looking forward, the publisher expects the market to reach US$ 36,353 Million by 2028, exhibiting a CAGR of 10.43% during 2022-2028.
Trucks offer numerous advantages over railways. For instance, in contrast to rail transport, trucks can accept products in smaller quantities, they can also reach rural and hilly regions and also require less time than the rail for the loading and unloading of the products. Additionally, India's strong economic growth has also been a major driver of the truck industry. The strong economic growth has further catalyzed the growth of sectors such as infrastructure, real estate, logistics, mining, etc. Other factors that are driving this market include rising incomes, urbanization, growth in the rural economy, e-commerce, etc. Moreover, GST has further simplified doing business in India.
This report provides a deep insight into the India truck market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for truck manufacturers, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the India truck market in any manner.
16 - 30 Tons
Above 30 Tons
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
2. What is the expected growth rate of the India truck market during 2023-2028?
3. What are the key factors driving the India truck market?
4. What has been the impact of COVID-19 on the India truck market?
5. What is the breakup of the India truck market based on the vehicle type?
6. What is the breakup of the India truck market based on the tonnage capacity?
7. What is the breakup of the India truck market based on the fuel type?
8. What is the breakup of the India truck market based on the application?
9. What are the key regions in the India truck market?
10. Who are the key players/companies in the India truck market?
Trucks offer numerous advantages over railways. For instance, in contrast to rail transport, trucks can accept products in smaller quantities, they can also reach rural and hilly regions and also require less time than the rail for the loading and unloading of the products. Additionally, India's strong economic growth has also been a major driver of the truck industry. The strong economic growth has further catalyzed the growth of sectors such as infrastructure, real estate, logistics, mining, etc. Other factors that are driving this market include rising incomes, urbanization, growth in the rural economy, e-commerce, etc. Moreover, GST has further simplified doing business in India.
This report provides a deep insight into the India truck market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for truck manufacturers, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the India truck market in any manner.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the India truck market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on vehicle type, tonnage capacity, fuel type and application.Breakup by Region:
- North India
- East India
- West and Central India
- South India
Breakup by Vehicle Type:
- Heavy Duty Truck
- Medium Duty Truck
- Light Duty Truck
Breakup by Tonnage Capacity:
- 3.5 - 7.5 Tons
16 - 30 Tons
Above 30 Tons
Breakup by Fuel Type:
- Diesel
- Petrol
- CNG & LNG
Breakup by Application:
- Construction
- Logistics
- Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Tata Motors Limited, Ashok Leyland Limited, VE Commercial Vehicles Limited, Mahindra & Mahindra Limited, SML Isuzu Limited, Daimler India Commercial Vehicles Pvt. Ltd, AMW Motors Ltd., Hino Motors Sales India Private Limited and Scania Commercial Vehicle India Pvt Ltd.Key Questions Answered in This Report
1. What was the size of the India truck market in 2022?2. What is the expected growth rate of the India truck market during 2023-2028?
3. What are the key factors driving the India truck market?
4. What has been the impact of COVID-19 on the India truck market?
5. What is the breakup of the India truck market based on the vehicle type?
6. What is the breakup of the India truck market based on the tonnage capacity?
7. What is the breakup of the India truck market based on the fuel type?
8. What is the breakup of the India truck market based on the application?
9. What are the key regions in the India truck market?
10. Who are the key players/companies in the India truck market?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Truck Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Vehicle Type
5.5 Market Breakup by Tonnage Capacity
5.6 Market Breakup by Fuel Type
5.7 Market Breakup by Application
5.8 Market Breakup by Region
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.12 Porters Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes
5.13 PESTEL Analysis
5.13.1 Political
5.13.2 Economic
5.13.3 Social
5.13.4 Legal
5.13.5 Environmental
5.13.6 Technological
5.14 Price Analysis
6 Market Breakup by Vehicle Type
6.1 Heavy Duty Truck
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Medium Duty Truck
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Light Duty Truck
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Tonnage Capacity
7.1 3.5 - 7.5 Tons
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 7.5 - 16 Tons
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 16 - 30 Tons
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Above 30 Tons
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Fuel Type
8.1 Diesel
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Petrol
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 CNG & LNG
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Construction
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Logistics
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North India
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 West and Central India
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 South India
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 East India
10.4.1 Market Trends
10.4.2 Market Forecast
11 Government Regulations
12 Strategic Recommendations
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Tata Motors Limited
13.3.2 Ashok Leyland Limited
13.3.3 VE Commercial Vehicles Limited
13.3.4 Mahindra & Mahindra Limited
13.3.5 SML Isuzu Limited
13.3.6 Daimler India Commercial Vehicles Pvt. Ltd
13.3.7 AMW Motors Ltd.
13.3.8 Hino Motors Sales India Private Limited
13.3.9 Scania Commercial Vehicle India Pvt Ltd.
List of Figures
Figure 1: India: Truck Market: Major Drivers and Challenges
Figure 2: India: Truck Market: Sales Value (in Million US$), 2017-2022
Figure 3: India: Truck Market: Breakup by Vehicle Type (in %), 2022
Figure 4: India: Truck Market: Breakup by Tonnage Capacity (in %), 2022
Figure 5: India: Truck Market: Breakup by Fuel Type (in %), 2022
Figure 6: India: Truck Market: Breakup by Application (in %), 2022
Figure 7: India: Truck Market: Breakup by Region (in %), 2022
Figure 8: India: Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: India: Truck Industry: SWOT Analysis
Figure 10: India: Truck Industry: Value Chain Analysis
Figure 11: India: Truck Industry: Porter’s Five Forces Analysis
Figure 12: India: Truck Industry: PESTEL Analysis
Figure 13: India: Truck (Heavy Duty Truck) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: India: Truck (Heavy Duty Truck) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: India: Truck (Medium Duty Truck) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: India: Truck (Medium Duty Truck) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: India: Truck (Light Duty Truck) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: India: Truck (Light Duty Truck) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: India: Truck (3.5 - 7.5 Tons) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: India: Truck (3.5 - 7.5 Tons) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: India: Truck (7.5 - 16 Tons) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: India: Truck (7.5 - 16 Tons) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: India: Truck (16 - 30 Tons) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: India: Truck (16 - 30 Tons) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: India: Truck (Above 30 Tons) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: India: Truck (Above 30 Tons) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: India: Truck (Diesel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: India: Truck (Diesel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: India: Truck (Petrol) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: India: Truck (Petrol) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: India: Truck (CNG & LNG) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: India: Truck (CNG & LNG) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: India: Truck (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: India: Truck (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: India: Truck (Logistics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: India: Truck (Logistics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: India: Truck (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: India: Truck (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North India: Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North India: Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: West and Central India: Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: West and Central India: Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: South India: Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: South India: Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: East India: Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: East India: Truck Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
Table 1: India: Truck Market: Key Industry Highlights, 2022 and 2028
Table 2: India: Truck Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 3: India: Truck Market Forecast: Breakup by Tonnage Capacity (in Million US$), 2023-2028
Table 4: India: Truck Market Forecast: Breakup by Fuel Type (in Million US$), 2023-2028
Table 5: India: Truck Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: India: Truck Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: India: Truck Market Structure
Table 8: India: Truck Market: Key Players
Companies Mentioned
- Tata Motors Limited
- Ashok Leyland Limited
- VE Commercial Vehicles Limited
- Mahindra & Mahindra Limited
- SML Isuzu Limited
- Daimler India Commercial Vehicles Pvt. Ltd
- AMW Motors Ltd.
- Hino Motors Sales India Private Limited
- Scania Commercial Vehicle India Pvt Ltd.
Methodology
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