
World's Top 5 Medium & Heavy Truck Manufacturers - Annual Strategy Dossier - 2023 - Strategy Focus & Priorities, Key Strategies & Plans, SWOT, Trends & Growth Opportunities and Market Outlook - Daimler, Volvo, Traton, PACCAR, Iveco
Description
World's Top 5 Medium & Heavy Truck Manufacturers - Annual Strategy Dossier - 2023 - Strategy Focus & Priorities, Key Strategies & Plans, SWOT, Trends & Growth Opportunities and Market Outlook - Daimler, Volvo, Traton, PACCAR, Iveco
Trucking Projected to maintain its Cruising Speed & Growth Momentum in 2023 led by Ageing In-Service Fleets, Good Freight & Construction Activity and Ongoing Transition towards Electrification amid an Uncertain Global Macroeconomic Environment and Production Capacity Constraints
The Global medium & heavy truck market witnessed a dynamic year in 2022 with the demand for new & used trucks consistently outpacing supply across most key global markets with the exception of China. The industry OEMs have been vying to increase production rates to meet surging demand levels, with the book-to-bill ratios hovering around 1, while battling continued supply chain disruptions, production capacity constraints, component shortages, rising input costs in an increasingly complex & uncertain global macroeconomic environment marked by inflationary pressures, rising interest rates & tectonic geopolitical shifts. The ongoing transition towards de-carbonization, led by the mass production of battery electric & hydrogen fuel cell based trucks, is the trucking industry’s current overarching theme and is likely to gain further momentum going forward. Most key industry OEMs are now transitioning towards series production of Zero Emission Vehicles (ZEV) while also collaborating amongst each other and with domain specialists for creation of the requisite ecosystem for the transition towards sustainability. Additionally, automation, electrification and further evolution of connectivity based service models configured on digitalization remain key areas of focus across truck manufacturers.
The high average age of in-service truck fleets across most markets owing to production capacity constraints over the recent years, rapid energy transition towards de-carbonization and strong construction activity with continued infrastructure investments are likely to collectively provide significant growth opportunities to the industry over near to medium term, in form of fleet replacements, expansion & recapitalizations, especially, in a volatile & uncertain crude oil price environment from an economics & policy perspective. That’s despite projections for the slowdown of the world economy over near term owing to market headwinds, ongoing war in Ukraine and rising inflation levels which have led to a wave of monetary policy tightening across the globe.
Trucking, thus, is projected to maintain its overall cruising speed as well as growth momentum in 2023 across most markets with a year-on-year growth of up to 10% projected for traditional markets, i.e., North American Class 8 and EU30 market for heavy trucks, while the growth rate for emerging markets in Asia, led by China and India, is likely to be around 15%.
Against this backdrop, the report provides comprehensive insights & strategic analysis into the World’s Top Medium & Heavy Truck Manufacturers.
Report Excerpts:
- Analysis of Daimler’s ambitious plan to achieve 60% market share in the Global Zero-Emission Vehicles (ZEVs) Market by 2030 and plans to produce only ZEVs by 2039. Also, decryption of Daimler’s medium term technology strategy underpinned by rapid transition to sustainable & autonomous technologies marked by significant R&D investments.
- Adoption of collaboration route by industry behemoths, namely, Daimler, Volvo & Traton to accelerate the journey towards electrification.
- Volvo’s rapid electrification of its heavy truck portfolio, focus on growing services business and plans to turn Asia and North America into key pivots of its medium term growth strategy.
- PACCAR's rapid strides on the technology development pathway with focus on electrification, hydrogen-based propulsion & autonomous technologies powered by strategic industry collaborations.
- Navistar's 4.0 Strategy focused on boosting profitability with a EBITDA target of 12% for 2024 while focusing on gaining market share through new product offerings and customer segmentation.
- Trucking projected to maintain its cruising speed & overall growth momentum in 2023 across most markets with strong Demand drivers, Indicators & Market fundamentals.
The report, with its unique disposition & strategy focus, is a niche, key & vital information resource on the Global Medium & Heavy Truck Market and the industry OEMs. It would be indispensable for those having interest, stakes or investments in any of the Truck OEMs covered and all those with operational or strategic involvement and/or stakes in the Global Medium & Heavy Truck market. The report will be extremely useful for Key Decision-Makers, Program Managers, Global Procurement Managers, Top Management of Industry Players & Other Companies, Industry OEMs, Suppliers, Vendors, Associated Equipment Manufacturers and other Key Players in the Industry Value Chain. The report will also be useful for existing & potential Investors, Industry & Company Analysts, M&A Advisory Firms, Strategy & Management Consulting Firms, PE Firms, Venture Capitalists, Financing & Leasing Companies, Researchers and all those associated with the Trucking industry.
Table of Contents
350 Pages
- Section - 1
- Business Snapshot & Overview - World's Top 5 Medium & Heavy Truck Manufacturers
- Founded
- Headquartered
- Business Segments
- Product Portfolio
- Revenue Base
- Market Capitalization
- Key Executives
- Shareholding/Ownership Structure
- Section – 2
- Financial Performance Analysis
- Revenue Base & Growth Trend
- Revenues Split by Key Segments
- Revenues Split by Key Geographic Markets & Regions
- Gross Earnings & Margin Trend
- Operating Earnings & Operating Margin Trend
- Return on Sales Trend
- Profitability Growth Trend
- Cash Flow from Operations
- R&D Expenditure Trend
- CAPEX Trend
- Order Intake & Truck Deliveries Trend
- Section - 3
- Overarching Strategy Focus & Strategic Priorities across Industry OEMs
- 1. Daimler AG
- 2. Volvo AB
- 3. Traton Group – Man, Scania, Navistar & VW Truck & Bus
- 4. PACCAR Inc.
- 5. Iveco S.p.A.
- Section – 4
- Key Strategies & Plans for the Industry OEMs - Comprehensive Analysis of Strategies & Plans for the Industry OEMs - Analysis Coverage:-
- Product Portfolio Strategies & Plans
- Market Specific Strategies & Plans
- R&D Strategies & Plans
- Growth Strategies & Plans
- Business and Corporate Strategies & Plans
- Sales & Marketing Strategies & Plans
- Production/Manufacturing Strategies & Plans
- Financial Strategies & Plans
- Acquisitions, Strategic Alliances & JVs
- Other Strategies & Strategic Initiatives
- Section - 5
- SWOT Analysis - On Key Industry OEMs
- Strengths to be Leveraged
- Weaknesses to be worked on
- Opportunities to be capitalized upon
- Threats to be negated & mitigated
- Section - 6
- Key Industry Trends
- Section - 7
- Key Market Trends
- Section – 8
- Key Technology Trends
- Section – 9
- Key Issues, Challenges & Risk Factors
- Section - 10
- Global Medium & Heavy Truck Market - Force Field Analysis - Analysis of Driving & Restraining Forces and their Overall Dynamics
- Driving Forces
- Restraining Forces
- Section – 11
- Strategic Market Outlook through 2026
- Analysis of Emerging Market Scenario
- Demand Outlook
- Growth Projections for the Global Medium & Heavy Truck Market through 2026
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