Heavy Haulage Trucks Market Revenue and Value Chain 2018-2027Posted by vakhas on March 16th, 2020 The new report on the Heavy Haulage Trucks Market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2014 – 2018. The study provides projections of the opportunities and shares, both vis-à-vis value (US$Mn/Bn) and volume volume (n units), of various segments in the Heavy Haulage Trucks Market during the forecast period of 2018 – 2027. The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Heavy Haulage Trucks Market. Request Sample Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=714 To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions. The key regions comprise the following geographical segments:
The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas. Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets. Shares of major regional markets are also presented in the analysis. Heavy Commercial Vehicle Registrations to Impact the Heavy Haulage Trucks Market The production of commercial vehicles across the globe is expected to witness steady growth, especially across developed countries. However, emerging economies have portrayed an increase in the number of heavy commercial vehicles, owing to the growing demand from various end-use industries. For example, according to OICA, commercial vehicle production in China was 3,698,050 units in 2016, which increased to 4,208,747 units in 2017. Likewise, in India, 2017 witnessed an increase in commercial vehicles by 18,986 units (in 2016 it was 811,360 units). In addition, according to ACEA (European Automobile Manufacturers Association), the demand for heavy trucks, especially for vehicles of 16 tons capacity and above, grew by 2.2% in November 2017. Of the five major European countries, the French market witnessed a high double digit growth in heavy trucks (around 30% increase in demand) with their growing registrations that reflected a 5.3% increase. In Italy, the highest number of heavy truck registrations were observed in 2017 that grew by 8.7%, followed by Spain which reflected a 7.8% increase in registrations. The sinusoidal growth in production and sale of heavy trucks across regions is expected to have potential impact on the demand for heavy haulage trucks, with the scenario being uncertain in most regions. Emerging Economies are a Favorable Market Attracting International Players to Tap the Asian Regions – An Impetus for Heavy Haulage Trucks Market? Emerging economies such as India have been tapped by international players with respect to both, passenger and commercial vehicles. The country provides a favorable business environment that has influenced the sales of heavy commercial vehicles, such as heavy haulage trucks. After a tough first quarter 2018 that reflected a 'down' in the heavy truck sector (-32%), OEMs are now decisively planning to progress towards a better future for HCVs in India. Increased spending on infrastructure projects coupled with higher freight load, especially during the festive seasons in the country, has ensured higher sales of heavy haulage trucks. This has attracted international players to invest in the heavy commercial vehicle segment in the country, to expand their current portfolio by establishing a new product line, which is expected to offer a significant push to the growth of the heavy haulage trucks market. For instance, South Korean automotive player, Hyundai, is planning to enter the heavy commercial vehicle space in the country. The Korean automaker has taken initiatives to set up its own manufacturing plant in India to support its planned heavy commercial business. Since 2016, Hyundai has considered India as a top priority business location for commercial vehicles, and has initiated the production of heavy commercial vehicles, such as heavy haulage trucks, for both, the export and domestic markets. The automaker is looking forward to introduce a range of premium heavy commercial trucks and buses, but is likely to face tough competition from existing players such as Tata Motors, Ashok Leyland, and Mahindra. The global Heavy Haulage Trucks Market report answers numerous pertinent questions, some of which are:
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