Global Medium And Heavy Truck Overview
A truck is a motor vehicle designed to transport cargo. Trucks vary greatly in size, power, and configuration. Medium trucks are larger than light but smaller than heavy trucks. The medium truck weigh between 3.5 tonnes to 7.5 tonnes. Local delivery and public service (dump trucks, garbage trucks and fire-fighting trucks) are normally around this size. Heavy trucks are the largest on-road trucks. These include vocational Drive Types such as heavy dump trucks, concrete pump trucks
Drivers and Restraints:
Major factors driving the growth of the market are the expansion of industrial sectors in the emerging market, growing demand from the logistics industry, rising demand from the construction sector (owing to growing construction activities). The market is expected to witness growth in the coming years, owing to growing economies across both developing and developed counties. The global trucks market is that trucks will become more integrated in the logistics chain, with the arrival of shipments to factories and warehouses etc. all the players will have the full transparency and trucks will be able to communicate their contents and destinations with the other trucks and will automatically match the shipments with the help of technology platforms such as cloud-based technology. Some of the major driving factors for trucks market is the increased urbanization. Construction and logistics market is the major demand originators of the tucks industry. The increase in raw material prices is one of the biggest hurdles for the truck industry wherein the soaring iron and steel price are compelling the truck manufacturers to increase prices of their final product. The economically volatile environment and unstable crude oil prices are restraining fleet owners to purchase new trucks. Poor road infrastructure in the developing countries has been a prevailing challenge for the trucks manufacturing market which making the trucking activities strenuous and prone to frequent breakdowns. The increasing number of vendors for the components of the truck is providing ample growth opportunities for the truck manufacturing market.
Segmentation:
Medium and heavy truck market are segmented based on, tonnage, drive type, and region.
Based on tonnage, the global market is classified into 3.5 - 7.5 tonnes, 7.5 - 16 tonnes and above 16 tonnes. Based on the drive type, the target market is bifurcated into IC Engine and Electric or Hybrid. There are many other players in the automotive industry that are continuously focusing on electrification of commercial vehicles. Therefore, the electric medium and heavy-duty commercial vehicles are expected to see a potential market growth during the forecast period.
Based on the region the global medium and heavy truck market are segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the global medium and heavy truck market due to growing demand for advanced medical technologies and increasing geriatric population. Asia Pacific medium and heavy truck market are projected to register a high CAGR over the forecast period owing to the growing trend of growing construction activities and logistics market is the major demand originators of the tucks industry.
Key Players:
The key players operating the global medium and heavy truck market involves Paccar, Inc., Daimler, Volvo Group, MAN SE, Tata Motors Limited, DAF Trucks, Renault Trucks, Mitsubishi Fuso, Ashok Leyland, and Yorkshire. Most of the automakers have already started launching new electric commercial vehicles in the market. For instance, In April 2018, Volvo Trucks introduced its first all-electric commercial truck, the FL Electric model, and plans to launch them commercially in Europe by 2019. In 2018, Renault has unveiled three electric vehicles namely, the Renault Master Z.E, Renault Trucks D Wide Z.E, and Renault Trucks D Z.E, a complete range from 3.5 to 26 metric ton ideally suited for use in the cities of France.
Detailed Segmentation:
Medium and Heavy Truck Market, By Product:
- Linear Medium and Heavy Truck
- Circular Medium and Heavy Truck
- Cutter Stapler
- Skin Stapler
- Stapler Reload
Medium and Heavy Truck Market, By Mechanism:
- Manual Medium and Heavy Truck
- Powered Medium and Heavy Truck
Medium and Heavy Truck Market, By Tonnage:
- Disposable Medium and Heavy Truck
- Reusable Medium and Heavy Truck
Medium and Heavy Truck Market, By Drive Type:
- Abdominal Surgery
- Obstetrics & Gynecological Surgeries
- Cardiac & Thoracic Surgeries
- Orthopedic Surgery
- Other Surgical Drive Types
Medium and Heavy Truck Market, By Region:
- North America
- North America Medium and Heavy Truck Market, By Product
- North America Medium and Heavy Truck Market, By Mechanism
- North America Medium and Heavy Truck Market, By Tonnage
- North America Medium and Heavy Truck Market, By Drive Type
- North America Medium and Heavy Truck Market, By Country
- U.S.
- Canada
- Europe
- Europe Medium and Heavy Truck Market, By Product
- Europe Medium and Heavy Truck Market, By Mechanism
- Europe Medium and Heavy Truck Market, By Tonnage
- Europe Medium and Heavy Truck Market, By Drive Type
- Europe Medium and Heavy Truck Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Medium and Heavy Truck Market, By Product
- Asia Pacific Medium and Heavy Truck Market, By Mechanism
- Asia Pacific Medium and Heavy Truck Market, By Tonnage
- Asia Pacific Medium and Heavy Truck Market, By Drive Type
- Asia Pacific Medium and Heavy Truck Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Medium and Heavy Truck Market, By Product
- Latin America Medium and Heavy Truck Market, By Mechanism
- Latin America Medium and Heavy Truck Market, By Tonnage
- Latin America Medium and Heavy Truck Market, By Drive Type
- Latin America Medium and Heavy Truck Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Medium and Heavy Truck Market, By Product
- Middle East & Africa Medium and Heavy Truck Market, By Mechanism
- Middle East & Africa Medium and Heavy Truck Market, By Tonnage
- Middle East & Africa Medium and Heavy Truck Market, By Drive Type
- Middle East & Africa Medium and Heavy Truck Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Company Profile:
- Paccar, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Daimler
- Volvo Group
- MAN SE
- Tata Motors Limited
- DAF Trucks
- Renault trucks
- Mitsubishi Fuso
- Ashok Leyland
- Yorkshire
“*” marked represents similar segmentation in other categories in the respective section
FAQs
Medium and heavy truck market are segmented based on, tonnage, drive type, and region.
Medium and heavy truck market is expected to grow due to increasing demand for freight transportation, stringent emission regulations, and technological advancements in the industry.
Asia Pacific region is dominating the Medium and Heavy Truck Market compared to that of other regions.
The key players operating the medium and heavy truck market involves Paccar, Inc., Daimler, Volvo Group, MAN SE, Tata Motors Limited, DAF Trucks, Renault Trucks, Mitsubishi Fuso, Ashok Leyland, and Yorkshire