The past five years have been eventful for the industry. Governments across the globe launched new regulations aimed at reducing emissions from trucks. Truck manufacturers also had to deal with volatile oil prices over the past five years, which reduced freight levels and, thus, negatively impacted demand. However, the global economy has recovered, leading to an upward trend in industry performance. In the next five years, while Western economies continue to struggle, BRIC countries and other emerging economies will grow in line with the recovering global economy.
Companies in this industry manufacture truck and bus chassis and assemble trucks, buses and other special purpose heavy-duty motor vehicles for highway use, such as firefighting trucks. The trucks manufactured by this industry are heavy trucks used by freight companies and do not include passenger vehicles.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.