India truck market stood at over $ 8 billion in 2017 and is projected to cross $16 billion by 2023. Anticipated growth in the market can be attributed to increasing construction and infrastructure development projects, along with growing logistics sector. Moreover, increasing investments in the mining industry coupled with easy availability of finance would propel truck sales across India in the coming years.

 

Years considered for this report:

Historical Year: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • To assess the demand-supply scenario of truck market in India.
  • To analyze and forecast the market size of India truck market.
  • To classify and forecast India truck market based on vehicle type, fuel type, application, tonnage and region.
  • To identify drivers and challenges for India truck market.
  • To evaluate rapidly changing market scenario due to various government initiatives and regulations.
  • To identify and analyze the profile of leading players involved in the manufacturing of trucks in India.


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Some of the major players operating in India truck market are Tata Motors Limited, Ashok Leyland Limited, VE Commercial Vehicles Limited, Mahindra & Mahindra Limited, SML Isuzu Limited, Daimler India Commercial Vehicles Pvt. Ltd., AMW Motors Ltd., MAN Truck & Bus, Hino Motors Sales India Private Limited., and Scania Commercial Vehicle India Pvt Ltd.

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 across India. 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. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major truck companies across India.

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

TechSci Research calculated the market size for India truck market using a bottom-up technique, wherein the value service data for different user types (Construction, Logistics & Others) was recorded as well as forecast for the future years. Multiple secondary sources such as directories, databases such as SIAM, OICA, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

   

Key Target Audience:

  • Truck manufacturers, distributors and other stakeholders
  • Major end-users of trucks
  • Associations, organizations, forums and alliances related to truck industry
  • Government bodies such as regulating authorities and policymakers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as truck market, distributors and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India truck market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Vehicle Type:
    • Heavy Duty Truck
    • Medium Duty Truck
    • Light Duty Truck
  • Market, by Tonnage Capacity:
    • 3.5 – 7.5 tons
    • 7.5 – 16 tons
    • 16 – 30 tons
    • Above 30 tons
  • Market, by Fuel Type:
    • Diesel
    • Petrol
    • CNG & LNG
  • Market, by Application:
    • Construction
    • Logistics
    • Others
  • Market, by Region:
    • Western
    • Southern
    • Northern
    • Eastern
  • Market, by Company:
    • Tata Motors Limited
    • Ashok Leyland Limited
    • VE Commercial Vehicles Limited
    • Mahindra & Mahindra Limited
    • Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India truck market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Voice of Customer

4.1.    Factors Influencing Purchase Decision

4.2.    Brand Recall

4.3.    Challenges and Unmet Needs

4.4.    Brand Satisfaction Level

5.       India Truck Market Outlook

5.1.    Market Size & Forecast

5.1.1. By Value & Volume

5.2.    Market Share & Forecast

5.2.1. By Vehicle Type (Light Duty Truck, Medium Duty Truck & Heavy-Duty Trucks)

5.2.2. By Fuel Type (Diesel, Petrol & CNG)

5.2.3. By Application (Logistics, Construction & Others)

5.2.4. By Tonnage Capacity (3.5 tons to 7.5 tons, 7.5 tons to 16 tons, 16 tons to 30 tons, Above 30 tons)

5.2.5. By Company

5.2.6. By Region

5.3.    Market Attractiveness Index – By Vehicle Type

6.       India Heavy Duty Market Outlook

6.1.    Market Size & Forecast

6.1.1. By Value & Volume

6.2.    Market Share & Forecast

6.2.1. By Fuel Type

6.2.2. By Application

6.2.3. By Tonnage Capacity (16 tons-30 tons and Above 30 tons)

6.2.4. By Company

6.3.    Market Attractiveness Index – By Tonnage Capacity

6.4.    Product Benchmarking

7.       India Medium Duty Market Outlook

7.1.    Market Size & Forecast

7.1.1. By Value & Volume

7.2.    Market Share & Forecast

7.2.1. By Fuel Type

7.2.2. By Application

7.2.3. By Tonnage Capacity (12 tons-16 tons and 7.5 tons-12 tons)

7.2.4. By Company

7.3.    Market Attractiveness Index – By Tonnage Capacity

7.4.    Product Benchmarking

8.       India Light Duty Market Outlook

8.1.    Market Size & Forecast

8.1.1. By Value & Volume

8.2.    Market Share & Forecast

8.2.1. By Fuel Type

8.2.2. By Application

8.2.3. By Tonnage Capacity (5 tons-7.5 tons and 3.5 tons-5tons)

8.2.4. By Company

8.3.    Market Attractiveness Index – By Tonnage Capacity

8.4.    Product Benchmarking

9.       Market Dynamics

9.1.    Drivers

9.2.    Challenges

10.   Market Trends & Developments

11.   Policy Regulatory and Landscape

12.   India Economic Profile

13.   Competitive Landscape

13.1.   Tata Motors Limited

13.2.   Ashok Leyland Limited

13.3.   VE Commercial Vehicles Limited

13.4.   Mahindra & Mahindra Limited

13.5.   SML Isuzu Limited

13.6.   Daimler India Commercial Vehicles Pvt. Ltd

13.7.   AMW Motors Ltd.

13.8.   MAN Truck & Bus

13.9.   Hino Motors Sales India Private Limited.

13.10.   Scania Commercial Vehicle India Pvt Ltd

14.Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • Figure 1: India Truck Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: India Truck Market - Aided Brand Recall (N=75)

    Figure 3: India Truck Market - Challenges/Unmet Needs (N=75)

    Figure 4: India Truck Market - Brand Switching (N=75)

    Figure 5: India Truck Market - Brand Switching Attributes (N=75)

    Figure 6: India Truck Market Brand Satisfaction Level (N=75)

    Figure 7: India Truck Market - Brand Satisfaction Level, By Maintenance (N=75)

    Figure 8: India Truck Market - Brand Satisfaction Level, By Vehicle Handling (N=75)

    Figure 9: India Truck Market - Brand Satisfaction Level, By After-sale Service (N=75)

    Figure 10: India Truck Market - Brand Satisfaction Level, By Performance (N=75)

    Figure 11: India Truck Market - Brand Satisfaction Level, By Pricing Factor (N=75)

    Figure 12: India Truck Market - Brand Satisfaction Level, By Load Bearing Capacity (N=75)

    Figure 13: India Truck Market Size, By Value (USD Billion), By Volume (Thousand Unit), FY2013-FY2023F

    Figure 14: India GDP Per Capita Income (USD), 2012-2016

    Figure 15: India Truck Market Share, By Vehicle Type, By Volume, FY2013-FY2023F

    Figure 16: India Infrastructure Industry Investment, FY2012-FY2017 (USD Billion)

    Figure 17: India Truck Market Share, By Fuel Type, By Volume, FY2013-FY2023F

    Figure 18: India Truck Market Share, By Application, By Volume, FY2013-FY2023F

    Figure 19: India Truck Market Share, By Tonnage Capacity, By Volume, FY2013-FY2023F

    Figure 20: India Total Investment, 2013-2020F (% of GDP)

    Figure 21: India Truck Market Share, By Company, By Volume, FY2017 & FY2023F

    Figure 22: India Truck Market Share, By Region, By Volume, FY2013-FY2023F

    Figure 23: India Truck Market Attractiveness Index, By Vehicle Type, By Volume, FY2018E-FY2023F

    Figure 24: India Heavy Duty Truck Market Size, By Value (USD Billion), By Volume (Thousand Unit), FY2013-FY2023F

    Figure 25: India Construction Market Size, By Value, 2015-2025F (USD Billion)

    Figure 26: India Heavy Duty Truck Market Share, By Fuel Type, By Volume, FY2013-FY2023F

    Figure 27: India Heavy Duty Truck Market Share, By Application, By Volume, FY2013-FY2023F

    Figure 28: Urban Cities Proposed Under Housing for All Initiative in India, By Phase, As of 2017

    Figure 29: India Heavy Duty Truck Market Share, By Tonnage Capacity, By Volume, FY2013-FY2023F

    Figure 30: India Heavy Duty Truck Market Share, By Company, By Volume, FY2017 & FY2023F

    Figure 31: India Heavy Duty Truck Market Attractiveness Index, By Tonnage Capacity, By Volume, FY2018E-FY2023F

    Figure 32: India Medium Duty Truck Market Size, By Value (USD Billion), By Volume (Thousand Unit), FY2013-FY2023F

    Figure 33: India Medium Duty Truck Market Share, By Fuel Type, By Volume, FY2013-FY2023F

    Figure 34: India Total Road Surfaced (Million Kilometers), FY2013-FY2016

    Figure 35: India Medium Duty Truck Market Share, By Application, By Volume, FY2013-FY2023F

    Figure 36: India Logistics Companies Year-On-Year Growth Rate, FY2013-FY2016

    Figure 37: India Medium Duty Truck Market Share, By Tonnage Capacity, By Volume, FY2013-FY2023F

    Figure 38: India Medium Duty Truck Market Share, By Company, By Volume, FY2017 & FY2023F

    Figure 39: India Medium Duty Truck Market Attractiveness Index, By Tonnage Capacity, By Volume, FY2018E-FY2023F

    Figure 40: India Light Duty Truck Market Size, By Value (USD Billion), By Volume (Thousand Unit), FY2013-FY2023F

    Figure 41: India Urban Population Share (% Share of Total Population), 2012-2016

    Figure 42: India Light Duty Truck Market Share, By Fuel Type, By Volume, FY2013-FY2023F

    Figure 43: India GDP (USD Billion), 2012-2016

    Figure 44: India Light Duty Truck Market Share, By Application, By Volume, FY2013-FY2023F

    Figure 45: India Percentage of Internet Users, 2012-2016

    Figure 46: India Light Duty Truck Market Share, By Tonnage Capacity, By Volume, FY2013-FY2023F

    Figure 47: India Light Duty Truck Market Share, By Company, By Volume, FY2017 & FY2023F

    Figure 48: India Light Duty Truck Market Attractiveness Index, By Tonnage Capacity, By Volume, FY2018E-FY2023F

     

    List of Tables

     

    Table 1: Release of Funds under Smart City Mission, By Major State/UT, As of 2017 (USD Million)

    Table 2: India Upcoming and Ongoing Metro Projects, By Track Length, By Estimated Completion Year

    Table 3: List of Upcoming Smart Cities on Delhi-Mumbai Industrial Corridor, By State

    Table 4: Upcoming Major High Rise Buildings in India, By Industry Type, By Location, By Number of Floors

    Table 5: India Heavy Truck Market, Product Comparison, By Models

    Table 6: Allocation of Funds, By Project, FY2017-FY2019F (USD Million)

    Table 7: India Infrastructure Investments, By Plan, As of Dec 2017 (USD Billion)

    Table 8: Planned Phase-wise Percentage Distribution of PPP & Non-PPP Projects in Upcoming Smart Cities

    Table 9: India Medium Truck Market, Product Comparison, By Models

    Table 10: India Annual Percentage Change in Macroeconomic Indicators, 2015-2018E

    Table 11: India Light Truck Market, Product Comparison, By Models

    Table 12: India Trade Agreements