The past five years have been eventful for the Global Heavy Duty Truck Manufacturing industry. Governments across the globe have been imposing new regulations aimed at reducing truck emissions. When new standards are introduced, the price of trucks typically increases due to higher research and development costs to make truck emissions compliant. However, the price of oil and the price of steel both declined in the latter half of the period, alleviating downstream pressure and bolstering industry growth. Production in Brazil, Russia, India and China (BRIC) will grow over the next five years in line with the recovering global economy, which will lead to a rise in demand for trucks across the world. However, governments will continue to introduce more stringent emissions regulations in an effort to make the trucking sector greener, which may ultimately affect demand and subdue the growth potential of the industry.
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.