Heavy Duty Trucks Market Share Analysis and Global Overview
Road and rail transport is expected to take lead in the coming years. Heavy duty trucks market share is expected to rise in the coming years with these trucks proving to be a very good source of transportation always.
There are several drivers driving the heavy duty trucks market. The need of transport of heavy objects like in construction sector is expected to increase its market share. Increasing demand of heavy duty commercial vehicles in agricultural industries as well as mining sectors is also driving this heavy duty trucks market towards constant growth. According to a recent research, -- heavy-duty trucks market is foreseen to exceed a value of USD 150 billion very quickly in the next few years. With the rise in domestic and International trading activities worldwide, this Heavy duty trucks market is significantly expected to grow till 2024.
New technologies are being used to revamp the heavy duty truck to make them safer for transportation which reduces the cost of maintenance from the owners’ end. Convenience of maintaining the current heavy duty trucks is expected to increase its market size till 2024. There are several other factors supporting the growth of heavy duty trucks market. A rise in the global sourcing of heavy duty trucks; the road networks improving significantly thus supporting the evolution of this industry. New government norms are being implemented in several countries which expect the owners to replace their old vehicles which in turn is supporting the rise of Heavy duty trucks market sales.
Key players of the heavy duty trucks market focusing extensively on the offering high quality end product with the best safety features while taking care of environmental safety norms are sure to rule the Heavy duty trucks market in the years to come. Higher mileage, better fuel efficiency, rising number of natural gas filling stations of and for heavy trucks will boost the industry demand. Asia-pacific including India and China are expected to rule the heavy duty trucks market till 2024 forecast period.
2018 is expected to be very good for global commercial vehicle industry according to recent researches because service as a product will dominate the globe especially due to the new connected truck technologies introduced almost regularly. Explore the latest report on heavy duty trucks market at https://emarketorg.com/pro/world-heavy-duty-trucks-market-research-report-2017/ .