Report Description

Global Truck Market By Application (Construction, Logistics, & Mining), By Tonnage Capacity (3.5-7.5 Tons, 7.5-16 Tons, 16-30 Tons & Others), By Fuel Type (Diesel, CNG & LNG, & Others), By Region, Competition Forecast & Opportunities, 2012 –2022

  • Publish Date:January, 2018
  • Format : PDF
  • Pages : 446
  • Industry : Automotive

Global truck market was valued at $ 218 billion in 2016, and is projected to grow at a CAGR of over 8% to reach $ 352 billion by 2022.Growing demand for trucks is backed by the development in the construction sector and growing logistics sector, globally. Furthermore, continuing improvements in road infrastructure and increasing demand from e-commerce sector are likely to boost truck sales across the globe during the forecast period. In addition, with the rising concerns regarding environment, demand for electric or hybrid trucks is anticipated to surge, thereby positively influencing the global truck market in the coming years.

Years considered for this report:

Historical Year: 2012-2015

Base Year: 2016

Estimated Year: 2017

Forecast Period: 2018–2022

Objective of the Study:

  • To analyze and forecast the market size of truck market.
  • To classify and forecast global truck market based on tonnage capacity, regional share, fuel type and application.
  • To identify drivers and challenges for global truck market.
  • To identify and analyze the profile of leading players involved in the manufacturing of trucks.

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Some of the major players operating in the global truck market are Daimler AG, AB Volvo, Isuzu Motors Ltd., Hyundai Motor Company, Scania AB, MAN Truck & Bus, Hino Motors, Tata Motors Limited, Ashok Leyland Limited, and Dongfeng Motor Corporation, among others.   

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of truck distributors and dealers operating globally. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major truck companies across the globe.

TechSci Research calculated the market size for truck market using a bottom-up technique, wherein sales volume data of different engine capacities and applications, was recorded as well as forecast for the future years. TechSci Research sourced value & volume data from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size.

Multiple secondary sources such as directories, databases such as ACEA, OICA, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also analyzed by TechSci Research.