Heavy Haulage Truck Market – Industry Trends, Key Drivers, Forecast 2027

Heavy Haulage Truck Market Introduction Trucks used for transportation of heavy industrial machineries and industrial equipment are known as heavy haulage trucks.

Growth in the heavy haul truck market[1] can be ascribed to the expansion of manufacturing industries and development of heavy vehicles. Heavy Haulage Truck Market - Competitive Landscape Daimler AG, AB Volvo, Volkswagen Group, Scania, MAN Truck & Bus AG, and Navistar International Corporation are the leading manufacturers of heavy haul trucks.

In May 2019, Scania bagged the Green Truck Award held in Germany. Most manufacturers of heavy haulage trucks are focusing on the development of fuel-efficient trucks with minimal emission. Daimler AG

Established in 1926, Daimler AG is headquartered in Stuttgart, Germany. It is one of the leading manufacturers of premium cars and commercial vehicles. The company manufactures diverse commercial vehicles including light, medium, and heavy-duty commercial vehicles for line-haul, short-radius distribution, and construction site operations.

Daimler AG has entered into collaborations with local manufacturers in different countries. AB Volvo Established in 1928, Volvo Trucks is a global manufacturer of trucks based in Gothenburg, Sweden.

It is owned by AB Volvo. In 2016, it was the second-largest manufacturer of heavy-duty trucks in the world. Volvo Trucks has developed its first hybrid vehicle, the Volvo Concept Truck, for long haul applications.

Planning To Lay Down Future Strategy? Request Sample https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72282[2] IVECO - A CNH Industrial Company

IVECO, a CNH Industrial brand, is global manufacturer of light, medium, and heavy commercial vehicles. Currently, it is based in Turin, Italy. It specializes in the manufacture of industrial vehicles.

IVECO operates through 11 production sites situated in countries across Europe, Asia, Africa, and Latin America. Scania AB Founded in 1891, Scania AB is headquartered in Sodertalje, Sweden.

It is a major manufacturer of trucks and buses, and operates a key business segment of diesel engine manufacturing. The company operates globally and has presence across the world. However, Europe is the prominent market for Scania AB.

MAN Truck & Bus AG Established in 1915, MAN Truck & Bus AG is headquartered in Munich, Germany. The company is one of the leading manufacturers of commercial vehicles in the international market.

MAN Truck & Bus AG offers a wide product portfolio of commercial vehicles ranging from van to heavy haulage trucks. The company focuses on the development of e-mobility and has won several awards for its electric buses. Request To Access Market Data Heavy Haulage Truck Market[3]

Heavy Haulage Truck Market Dynamics Expansion of manufacturing Industries and Rise in Dependence on Road Transport The heavy haul truck market is poised to expand significantly during the forecast period due to the growth of the manufacturing industry.

Rise in demand for consumer goods and electricity is also propelling the demand for heavy haul trucks, as heavy equipment is required in the establishment of power plants and transportation of consumer goods. Furthermore, growth in the construction industry is another prime factor driving the heavy haulage truck market, as heavy haulage trucks are needed in the installation or mounting of compound materials such as parts of flyovers, compound walls, and others. Industrial equipment such as bulldozers, excavators with crawlers are preferred to transport over heavy haul trucks.

Thus, high investment in infrastructure development is a key driver for the heavy haul truck market. Transportation of newly manufactured vehicles from manufacturers' place to the dealers is one of the major applications of heavy haul trucks. Thus, increase in production in the automotive industry is expected to boost the demand for heavy haul trucks.

Dependence on the expansion of other industries is the major drawback of the heavy haul truck market, as sluggish growth in any of the relevant industries may hamper the demand for heavy haul trucks.

References

  1. ^ heavy haul truck market (www.transparencymarketresearch.com)
  2. ^ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72282 (www.transparencymarketresearch.com)
  3. ^ Heavy Haulage Truck Market (www.transparencymarketresearch.com)

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