UAE High-Performance Trucks Market, By Vehicle Type (Medium & Heavy Duty Trucks and Pickup Trucks), By Power Output (250–400 HP, 401–550 HP and >550 HP), By Transmission Type (Automatic Transmission, Semi-Automatic Transmission and Manual Transmission), By Fuel Type (Diesel, LNG and CNG), By Application (Refrigeration, Special Application, Dumping, Distribution, Container, Tanker, and Others), By Region, Competition Forecast & Opportunities, 2017-2027
UAE high-performance trucks market is expected to grow at a significant CAGR during the forecast period. The market growth can be attributed to the increasing demand for special application trucks with high engine power requirements for efficient transportation of goods with growing product requirements and rapid commercialization activities in the country. In addition, demand for high-performance trucks in logistics operations, healthcare and food & beverages sector is increasing rapidly. Apart from this, employment of high-performance trucks in municipal operations across urban areas as garbage & delivery trucks, and other municipal operations are further driving the market growth. Like passenger vehicles, commercial vehicles are also going through electrification to reduce pollution and comply with stringent government norms and environmental standards. Electric trucks equipped with advanced features such as telematics devices, GPS location drivers, ADAS, etc. are fuelling the popularity of high-performance electric trucks. Advancements in Li-ion batteries for the electrification of high-performance trucks for long haul and changing government regulations regarding emission control are some of the major factors accelerating the growth of the UAE high-performance trucks market during the forecast period. As the UAE government plans to diversify its economy by investing in the manufacturing, construction, power, wholesale, retail, and transportation sectors, high-performance trucks are being increasingly deployed owing to their large capacities and high power. Furthermore, technological advancements in the automobile sector and emergence of new models of high-performance trucks market are expected to boost the UAE high-performance trucks market in the coming years. However, high manufacturing cost of high-performance trucks compared to conventional trucks and varying fuel prices could obstruct the UAE high-performance trucks market during the forecast period.
UAE high-performance trucks market is segmented on the basis of vehicle type, power output, fuel type, transmission type, application, company, and region. Based on vehicle type, the market is further divided into medium & heavy duty trucks and pickup trucks. The pickup truck segment is expected to register the fastest growth in the UAE high-performance trucks market during the forecast period owing to the growing consumer preference for pickup trucks as they come with enhanced safety and driver experience.
Leading players in the UAE High-Performance Trucks Market are Scania, MAN, Volvo, Daimler, PACCAR, General Motors, Toyota, Ford, Nissan, FCA etc.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
- To analyze and forecast the market size of UAE high-performance trucks market, in terms of value and volume.
- To classify and forecast UAE high-performance trucks market based on vehicle type, power output, application, fuel type, transmission type and regional distribution.
- To identify drivers and challenges for UAE high-performance trucks market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in UAE high-performance trucks market.
- To conduct the pricing analysis for UAE high-performance trucks market.
- To identify and analyze the profile of leading players involved in the manufacturing of high-performance trucks.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across UAE. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major distributors across UAE.
TechSci Research calculated the market size of UAE High-Performance Trucks Market using a bottom-up approach, where data for various product types and its application across various end user segments were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Medium and heavy duty truck OEMs
- Engine suppliers
- Alternate fuel technology suppliers
- Pickup truck OEMs
- Industry associations and experts
- Research organizations and consulting companies
- Research Institutes
- Industry associations
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, UAE High-Performance Trucks Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- UAE High-Performance Trucks Market, By Vehicle Type:
- Medium & Heavy Duty Trucks
- Pickup Trucks
- UAE High-Performance Trucks Market, By Power Output:
- 250–400 HP
- 401–550 HP
- >550 HP
- UAE High-Performance Trucks Market, By Application:
- Special Application
- UAE High-Performance Trucks Market, By Fuel Type:
- UAE High-Performance Trucks Market, By Transmission Type:
- Automatic Transmission
- Semi-Automatic Transmission
- Manual Transmission
- UAE High-Performance Trucks Market, By Region:
- Abu Dhabi
- Rest of UAE
Company Profiles: Detailed analysis of the major companies present in UAE High-Performance Trucks Market.
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
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