Heavy Duty Trucks Market Size is Projected to Showcase Significant Growth up to 2030

 The global Heavy Duty Trucks Market Size research is an intelligence report announced by Absolute Markets Insights. The erudite market study provides insightful data for readers to help them in making informed business decisions. Primary and secondary research methodologies have also been used to discover the correct and applicable data of Heavy Duty Trucks Market Size. Effective business strategies of key market players and of new startup industries are also studied thoroughly to provide extensive market knowledge. The report makes use of an effective analysis technique such as SWOT and Porter’s five analysis to present its accurate results on the market.

The major key pillars for global Heavy Duty Trucks Market Size are listed below: AB Volvo, Daimler Trucks AG, Fiat Chrysler Automobiles, Ford Motor Company, General Motors, Navistar, Inc, PACCAR Inc., Tata Motors, TOYOTA MOTOR CORPORATION, Volkswagen.

The overall heavy-duty trucks (class 7 and class 8), sales stood at 1.24 million units in the year 2020, and is expected to surpass 1.57+ million units by 2030.  The market is expected to grow at a CAGR of 3.8% during the forecast period of 2021 - 2030. The study analyzes the market in terms of revenue, production and sales volume across all the major markets.

For more information about this report visit: https://www.absolutemarketsinsights.com/reports/Heavy-Duty-Trucks-Market-2018-2026-153

Heavy Duty Trucks are the largest and heaviest trucks, structured to carry tons of weight. These trucks find application in industries such as logistics, construction, mining and others. Demand for Heavy Duty Trucks (class 7 and class 8), has been witnessing a notable rise. One of the largest applications of these Heavy Duty Trucks is in the logistics industry, serving the needs of transportation, food & beverage, automotive and other verticals. Apart from this, these trucks find application in the construction and mining industry. Rapid urbanization and widespread infrastructural development is contributing to the growth of construction and mining industries, which in turn has been positively impacting the market of Heavy Duty Trucks. Heavy Duty Trucks primarily use diesel as the source of fuel. However, players have also been investing in technologies such as dual fuel trucks which can also run on gas (LNG). Heavy Duty Trucks operating in developed markets are required to comply with various regulations regarding environmental emissions and pollution control. 

Global Heavy Duty Trucks Market Size Segmentation:

By Class

  • Class 7 (Between 26,001 and 33,000 Lb)
  • Class 8 (33,001Lb and Higher)

By Fuel

  • Diesel
  • Natural Gas
  • Hybrid Vehicles

By Application

  • Logistics
  • Construction
  • Mining
  • Agriculture

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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Contact Name: Shreyas Tanna

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