Global Heavy Duty Truck Manufacturing
The Global Heavy Duty Truck Manufacturing industry has experienced an eventful five years to 2017. Governments across the globe have been imposing new regulations aimed at reducing truck emissions, which can affect research and development costs for the industry. Truck manufacturers also experienced volatile prices of oil and steel. As a result, industry revenue is expected to decrease over the five years to 2017. Over the five years to 2022, production in emerging economies is anticipated to grow in line with the recovering global economy, which will lead to a rise in global demand for trucks. However, governments will continue to introduce more stringent emissions regulations, which may ultimately affect demand and subdue the industry's growth potential. Despite these looming considerations, industry revenue is forecast to rise over the five years to 2022.
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.
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