Overview
Several oil companies are expanding their fuel truck fleets, leading to fresh fuel trucks demand. In addition, stringent regulations related to transportation, loading, and unloading of petroleum and chemical products is expected to fuel the demand for oil tanker trucks that need to comply with mandatory transportation requirements. The Asia- Pacific economy has been running at full speed recently and this has led to an increased demand for carriers to transport manufactured products of all kinds. Cargo transportation industry has replied this call to meet the growing needs of manufacturers by acquiring equipment in record numbers while at the same time launching campaigns to recruit new drivers. Changing price Policy of buying oil from key region and rise in material cost will act as restraint to the market. Asia Pacific fuel truck market is classified into Light Duty Trucks, Medium Duty Trucks and Heavy Duty Trucks. In terms of tanker capacity, light duty trucks come with 1,000 gallons and heavy duty trucks come with More than 4,000 gallons. In Medium-duty trucks segment, we have considered tankers with capacity between 1,000 gallons to 4,000 gallons. This type of tankers can either be worked as truck/trailer packages or as frame-carried. Medium duty truck are used for transportation of gas, fuel and water. Medium duty trucks are accounted for the largest revenue as well as volume share compared to other types of truck categories by capacity and commonly used in oil and gas, chemical and construction industries for transportation. The segment is also expected to witness the fastest growth with increasing outlook of oil and gas and construction industry. Asia pacific fuel truck market is categorized into Diesel Transportation, Crude Oil Transportation and Gasoline Transportation. Fuel trucks are used to carry small capacities of oil short distances and rarely carry crude oil. Instead, fuel trucks are more commonly used to move refined petroleum such as gasoline to distribution locations such as gas stations. Instead of relying on established railways, however, fuel trucks can operate more freely as they only require roadways to travel. Fuel truck transport of oil now only accounts for 4 percent of all petroleum moved because of its high level of inefficiency and risk.
Asia Pacific fuel trucks market will exhibit significant growth during the forecast period owing to rising commercialization, establishment of new manufacturing plants, and adoption of technological advanced vehicles across the region. Additionally, increasing demand from countries including China, Japan, and India with high concentration of industry participants coupled with rising truck production will further proliferate the industry size. Industry players are involved in regional expansion by increasing its investments in R&D. Favourable government policies are encouraging the development of fuel saving technologies, along with rising preference for green mobility solutions such as electric and hybrid powertrain are further expanding the industry share. Some of the major players and participants of fuel truck market are KME, Oilmens, Seneca Tank, Isuzu, Dongfeng, FAW, YATE, CHUFEI, Heli Shenhu, Mann Tek, Zhongtong Automobile, Paragon, FOTON, Sinotruk, JSGS ENGINEERING, and CSCTRUCK. Rising demand for downsized engines along with smart hybrid technologies are playing a major role in improving the overall truck efficiency and contribute towards savings in terms of fuel. Industry participants are also engaged in introducing multiple variants of trucks with varied payload capacities and engine configuration for targeting a diversified range of customers. Platform and component sharing among multiple truck models are some of the major strategies adopted by industry players to launch products at affordable costs, thereby escalating the fuel truck market share over the projected timeframe.
Major players in the Market are identified through secondary research and their Market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and Marketing executives. The percentage splits, Market shares, growth rate and breakdowns of the product Markets are determined through using secondary sources and verified through the primary sources. Inquiry about report OR ask for Sample Report @ https://www.profsharemarketresearch.com/buy/asia-pacific-fuel-trucks-marketreport-inquiry/ Asia Pacific Fuel Trucks Market: Product Type Light Duty Trucks Medium Duty Trucks Heavy Duty Trucks
Asia Pacific Fuel Trucks Market: Application Diesel Transportation Crude Oil Transportation Gasoline Transportation Asia Pacific Fuel Trucks Market: Competitive Analysis KME Oilmens Seneca Tank Isuzu Dongfeng FAW YATE CHUFEI Heli Shenhu
Mann Tek Zhongtong Automobile Paragon FOTON Sinotruk JSGS ENGINEERING CSCTRUCK
Asia Pacific Fuel Trucks Market: Regional Analysis North America U.S.A Canada Europe France Germany Spain UK Rest of Europe Asia Pacific China Japan India South East Asia Latin America Brazil Middle East and Africa
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Market growth drivers Challenges and Opportunities Emerging and Current market trends Market player Capacity, Production, Revenue (Value) Supply (Production), Consumption, Export, Import analysis End user/application Analysis
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