Global Heavy-Duty Truck Manufacturing - Industry Market Research Report

Tucking On: Suspended Production During the Pandemic Hindered the Industry, But Demand Has Been Rebounding<Br>

The Global Heavy-Duty Truck Manufacturing industry has experienced an eventful time over the past five years. Governments across the globe have imposed new regulations aimed at reducing truck emissions. Truck prices typically increase when new standards are introduced due to higher research and development costs to make truck emissions compliant. Truck buyers are aware of this trend, and when legislation change is announced, buyers tend to purchase vehicles in anticipation of rising prices once the new law is implemented. Operators in the Global Heavy-Duty Truck Manufacturing industry manufacture truck and bus chassis and assemble trucks, buses and other special-purpose heavy-duty motor vehicles for highway use, such as firefighting trucks. The trucks manufactured by this industry are heavy trucks used by freight companies and do not include passenger vehicles. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.