Automotive Heavy Trucks Market and Trend Analysis by Technology, Key Companies and Forecast, 2021-2036
It is not surprising then that, over the past few years, we have seen the industry consolidate and adjust its global manufacturing footprint to bring it more into line with demand levels around the world - with declines in some developed countries but growth in some developing nations. Many truck producers have been forced to look beyond their traditional manufacturing roles for profitability. Aftermarket and financial services, fleet and freight management, and a diversified product portfolio are all being developed with the trucks themselves often sold as a loss-leader.
The industry has witnessed the introduction of an array of global products in the past few years. However, there are still many barriers to the introduction of truly global trucks. As with light vehicles, differences in technical specifications, quality and costs make it difficult to design and develop a truck that suits demand in all markets. Nevertherless, in time the technical barriers will undoubtedly be overcome as global manufacturing aligns to take account local and regional differences.
Looking ahead, environmental concerns are impacting on all aspects of the industry and ‘well to wheel’ considerations will act as one of the main industry drivers. Vehicle design will increasingly reflect many of the changes that we see emerging now - alternative drivetrains, the quest for more environmentally-friendly fuels, changes in freight transportation patterns and the distribution of goods and services combined with legislation will all influence the way the market develops. There will undoubtedly be many more challenges to come for the industry and a period of sustained change lies ahead
The report “Automotive Heavy Trucks Market and Trend Analysis by Technology, Key Companies and Forecast, 2021-2036” provides a comprehensive overview of the global heavy trucks sector, major manufacturers, top markets, manufacturing trends and market size forecasts.
Based on exclusive interviews, primary research and proprietary data this global market study includes -
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