PUNE, India, Feb. 06, 2019 (GLOBE NEWSWIRE) -- Heavy duty trucks (class 7 and class 8), are of vital use in the logistics industry for transportation of materials and objects. On an overall basis, the industry holds a consumption share of around 54%. Other major industries that make use of these trucks include construction and mining. In the present scenario, the adoption of trucks that are fuel efficient is on a rise and there has been a special focus towards design and development of such trucks by the market players. The overall heavy-duty trucks (class 7 and class 8), sales stood at 1.24 million units in the year 2018, and is expected to surpass 1.57 million units by 2027. During the year 2018, the demand for class 7 heavy duty trucks in the U.S. stood at around 61,300 units. Presently, the Asia Pacific region accounts for more than 43% of the heavy-duty trucks market (class 7 and class 8), revenue followed by North America and Europe.
Request for Sample@ https://www.absolutemarketsinsights.com/request_sample.php?id=153
“During the next six years, more than half of the heavy duty (class 7 and class 8) trucks demand would be generated from the emerging markets. As far as the developed markets are concerned, adoption of technologically advanced trucks with lower emission levels and the ones that use alternative fuel would rise.”
The detailed research study provides qualitative and quantitative analysis of the heavy duty trucks market (class 7 and class 8). The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue as well as sales volume across regions and further, across all the major countries. The supply side analysis covers regional production volume and capacity analysis. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa and Latin America.
Some of the major players operating in the heavy-duty trucks market are AB Volvo, Daimler Trucks North America LLC (Freightliner), Fiat Chrysler Automobiles, Ford Motor Company, General Motors, Navistar, INC (INTERNATIONAL), Nissan, Paccar Inc. (Kenworth Trucks), Peterbilt, Tata Motors, TOYOTA MOTOR CORPORATION, Volkswagen (TRATON).
Ask for Discount on Exclusive Report@ https://www.absolutemarketsinsights.com/ask_for_discount.php?id=153
By Class
- Class 7 (Between 26,001 and 33,000 Lb)
- Class 8 (33,001Lb and Higher
By Fuel
- Diesel
- Natural Gas
- Hybrid Electric Vehicles
- Gasoline
By Application
- Logistics
- Mining
- Construction
- Agriculture
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
For More Inquiry@ https://www.absolutemarketsinsights.com/enquiry_before_buying.php?id=153
About Us:
Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.
From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.
Contact Us:
Company: Absolute Markets Insights
Email id: sales@absolutemarketsinsights.com
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna
The Work Lab,
Model Colony, Shivajinagar, Pune, MH, 411016
Website: https://www.absolutemarketsinsights.com/
Follow Us on Social Media:
https://www.facebook.com/AbsoluteMarketsInsights/
https://twitter.com/AbsoluteMI
https://www.linkedin.com/company/absolute-markets-insights/
https://plus.google.com/117657938830005040584