Heavy-duty (HD) trucks come under heavy-duty commercial vehicles and are used for cargo transportation, logistics operations, construction, mining, and agricultural fields for various functions. HD trucks include dump trucks, tractor-trailers, tank trucks, and haul trucks. Heavy-duty (HD) trucks come under HCVs and are used for cargo transportation, logistics operations, in construction, mining, and agricultural fields for various functions. HD trucks include dump trucks, tractor-trailers, tank trucks, and haul trucks. The cost range of a HD truck in the low-cost market is $24,000- 49,000, in the medium-cost market is $50,000- 71,000, and in a premium market, the cost is above $71,000.
With the increasing demand, numerous countries are investing in overseas mining operations in the region. The growing population, rapid urbanization, and widespread infrastructure development in the deveoped and developing countries such as China, India, Indonesia, and African countries has also increased the need for miningactivities due to the increase in the consumption of metals and minerals such as iron, copper, limestone, and shale gas. To cater to this growing demand, governments across the world are also increasingly investing in the mining industry. This will significantly benefit the growth of the heavy-duty trucks market during the forecast period.
The growing demand for alternative fuel heavy duty trucks is one of the latest trends contributing to the growth of this market in the forthcoming years. The rising concerns about vehicle emissions and environmental pollutions have initiated many major countries to introduce emission regulations especially for the commercial vehicles. These regulations compel manufacturers to find alternative fuel solutions for the trucks that are environment-friendly or provide assistance in reducing emissions. This will in turn, has led to the introduction of biofuel, electric, and hybrid heavy duty trucks.
The global Heavy Duty Trucks market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.
This report studies the Heavy Duty Trucks market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Heavy Duty Trucks in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
FAW Group Corporation
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Heavy Duty Trucks market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Heavy Duty Trucks market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Heavy Duty Trucks manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Heavy Duty Trucks with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Heavy Duty Trucks submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Heavy Duty Trucks are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Heavy Duty Trucks market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Heavy Duty Trucks market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.