High-Performance Trucks Market Expected to reach $ 2.5 Million Units by 2025
The high-performance trucks market, by volume, had a market size of 1.7 million units in 2016 and is projected to reach 2.5 million units by 2025, at a CAGR of 4.06% during the forecast period. Increasing demand for special application trucks with high engine power requirement and increasing focus toward fuel economy standards have triggered the growth of the high-performance trucks market. Also, increase in demand for longhaul trucks for efficient transportation of goods has also boosted the demand for highperformance trucks globally.
Target audience for High-Performance Trucks Market • Medium- and heavy-duty truck OEMs • Pickup truck OEMs • Engine suppliers • Transmission system suppliers • Alternate fuel technology suppliers • Industry associations and experts • Government’s national and regional environmental regulatory agencies or organizations • The automobile industry and related end-user industries Download PDF Brochure
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Scope of the High-Performance Trucks Market High-Performance Trucks Market, By Transmission Type • Automatic Transmission • Semi-automatic Transmission • Manual Transmission High-Performance Trucks Market, By Vehicle Type • Medium- & Heavy-Duty Trucks • Pickup Trucks
Key players of High-Performance Trucks Market • Volvo (Sweden) • Daimler (Germany) • Scania (Sweden) • MAN (Germany) • Allison (US)
High-Performance Trucks Market, By Transmission Type (at Country Level) • Automatic Transmission • Semi-automatic Transmission • Manual Transmission Sample Copy
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Asia Oceania is estimated to be the leading market for high-performance trucks Transportation plays a significant role in Asia's economy. Hence, the heavy-duty trucking industry is flourishing continuously in this region. The booming logistics sector and a strong shift toward high-load freight transport are expected to drive the growth of high load capacity trucks in this region. Also, owing to revised regulatory norms for fuel economy standards and axle loading, OEM and tier I suppliers are focusing toward the development of highperformance engines with high torque capacity. The governments of developing nations such as India and china have favorable policies and provide subsidies to European and American oems to set up their manufacturing plants in the countries. For instance, in 2017, Scania has planned to establish an assembly plant for trucks and bus chassis as well as a manufacturing facility for truck cabs in Bangkok (Thailand).
Browse 74 market data tables and 61 figures spread through 181 pages and in-depth TOC on "high-performance trucks market by type (pickup, M&HDV), power output (250–400, 401–550, >550 HP), application (dumping, distribution, refrigeration, container, tanker, RMC), fuel type, transmission type, and region - global forecast to 2025"
This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
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