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Executive Outlook of the Global Medium- and Heavy-Duty Low-Cost Truck Market

Executive Outlook of the Global Medium- and Heavy-Duty Low-Cost Truck Market

Key Research Takeaways

The economic slowdown is likely to push developed nations to consider low-cost alternatives, which offers Chinese and Indian truck manufacturers in the region opportunities for penetration and growth.

Low-Cost Truck Market, Global, 2014–2022

Global* low-cost truck market to grow at CAGR 􂀀% to over 􂀀 million units by 2022

The market is driven by increasing demand in South America, Africa, North America, Western Europe, and Next 􂀀 countries, counteracting stable and declining demand in India and China, respectively.

Increasing demand for low-cost trucks in North America and Western Europe largely due to economic conditions

Prolonged economic slowdown and structural changes to freight movement patterns have changed truck purchase patterns. Low-cost truck sales are expected to grow at CAGRs of 􂀀% and 􂀀% in North America and Western Europe, respectively, from 2014 to 2022.

Strength of Western OEMs in South America and Africa will probably diminish gradually in 6–8 years

The two regions have experienced some initial penetration of low-cost trucks from Chinese and Indian OEMs in the past 􂀀

years. This is expected to grow further through increasing proliferation of low-cost brands which are projected to almost double and triple in South America and Africa, respectively, by 2022.

Rise in value truck demand in China and India to take market share away from low-cost trucks

Rising economic influence in China and India is changing product preferences among fleets in these countries. This, coupled with the increasing presence of Western OEMs, is accelerating the demand and sales of value trucks. This will probably move a section of low-cost truck demand toward value trucks.

Common focal price range across global OEMs by 2022 due to converging interests

The price gaps between American, European, Japanese, Chinese, and Indian OEMs will continue shrinking during 2014–2022. Chinese and Indian OEMs are likely to focus on higher-end trucks, whereas American, European, and Japanese OEMs are expected to increase focus on value and upper-end low-cost trucks.


  • Executive Summary
    • Key Research Takeaways
    • Global Low-Cost Truck Market and Price Boundaries
    • Market Overview-Classification
    • Price Range of Medium-Heavy-Duty Trucks by Region
    • Regional Low-Cost Truck Market Sales and Market Share Forecast
    • Global Low-Cost Truck Market
    • Global Low-Cost Truck Market Forecast
      • Table Low-Cost Truck Market: Unit Sales, Global*, 2012-2022
    • Low-Cost Truck OEMs-Price Bands
    • Expected Low-Cost Truck Platforms
  • Low-Cost Truck Manufacturing-Strategies and Challenges
    • Global Low-Cost Truck Construction-Focus Areas
    • OEM Strategies for Low-Cost Vehicle Production
    • Market Realities Impeding Low-Cost Truck Sales
  • Global Market Analysis
    • Regional Customer Preferences
    • Regional Low-Cost MD Truck Benchmarking
    • Regional Low-Cost HD Truck Benchmarking
    • Global Low-Cost Trucks-Comparative Analysis, MDT Platforms
    • Global Low-Cost Trucks-Comparative Analysis, HDT Platforms
    • Technology-Price Positioning of Global Low-Cost Truck OEMS
    • Virtual Global Low-Cost Truck 2022-MDT Platform
    • Virtual Global Low-Cost Truck 2022-HDT Platform
  • Global OEM Product Strategy
    • Price and Engine Displacement-Global OEM Comparative Analysis
    • Price and Weight Range-Global OEM Comparative Analysis
    • Global OEM Regional Presence
    • Global Low-Cost MD-HD Truck Outlook
  • Africa Analysis
    • Market Segmentation
    • MDT-HDT Overall Market
    • Low-Cost Truck Market
    • Low-Cost Truck Market Sales Forecast
    • Exhibit Low-Cost Heavy Duty Trucks in Africa
    • Market Attractiveness
  • China Analysis
    • Market Segmentation
    • MDT-HDT Overall Market
    • Low-Cost Truck Market
    • Low-Cost Truck Market Sales Forecast
    • Exhibit Low-Cost HD Trucks in China
    • Market Attractiveness
  • India Analysis
    • Market Segmentation
    • MDT-HDT Overall Market
    • Low-Cost Truck Market
    • Low-Cost Truck Market Sales Forecast
    • Exhibit Low-Cost Heavy Duty Trucks in India
    • Market Attractiveness
  • North America Analysis
    • Market Segmentation
    • MDT Overall Market
    • Low-Cost MD Truck Market
    • Low-Cost Truck Market Sales Forecast
    • Exhibit Low-Cost MD Trucks in North America
    • Market Attractiveness
  • South America Analysis
    • Market Segmentation
    • MDT-HDT Overall Market
    • Low-Cost Truck Market
    • Low-Cost Truck Market Sales Forecast
    • Exhibit Low-Cost HD Trucks in South America
    • Market Attractiveness
  • Western Europe Analysis
    • Market Segmentation
    • Overall MD Truck Market
    • Low-Cost MD Truck Market
    • Low-Cost MD Truck Market Sales Forecast
    • Exhibit Low-Cost MD Trucks in Western Europe
    • Market Attractiveness
  • Key Conclusions, Future Outlook, and Predictions
    • Key Conclusions
    • Future Outlook
    • The Last Word-5 Big Predictions
  • Appendix
    • Table of Acronyms
    • Market Engineering Methodology

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