The Global Trucking industry has been impacted significantly by the outbreak of COVID-19 in 2020 with declining volumes as well as profitability across OEMs with recovery seen in the later part of the year led by the unprecedented surge in e-commerce volumes while the industry also continues to make steady progress towards development of sustainable technologies geared towards de-carbonization of transportation. The efforts have primarily been led by battery electric & fuel cell technologies with the tipping point for electric trucks likely to come in 2021 with serial assembly of electric trucks scheduled to commence across trucking behemoths, Daimler & Volvo, apart from most other OEMs. Further, mass market production & introduction of hydrogen powered trucks across Europe by 2030, too, is taking shape under the H2Accelerate initiative by the industry. The rapid move towards de-carbonization of transportation & transition towards sustainability has also led to a spike in M&A activity as well as JVs & partnerships amongst leading industry players with the same likely to see a further uptick going forward.
The Global Demand for medium & heavy trucks is projected to register a steady recovery & growth over near to medium term with most key global economies likely to witness an uptick in demand following pursuit of fiscal interventions by nations & governments across most regions under fiscal intervention measures going forward coupled with strong global economic recovery projections by the IMF for 2021 & 2022, led by the U.S.
Further, the massive, $2 trillion infrastructure plan just outlined by the Biden administration in early April 2021; geared towards comprehensive repair & rebuilding of roads, railroads, bridges & ports in the U.S.; could turn out to be the much needed shot in the arm for the on & off-highway segments over medium term with an outlay of $115 billion planned towards repair of highways & bridges alone, if it gets approved by the Congress. However, much of that will be contingent on the pace & trajectory of global macroeconomic recovery from the COVID-19, direction of U.S. policy posture towards global trade under Biden administration, sustainment of recovery in global crude oil as well as commodity prices, all of which will have a direct & significant bearing on the shape of the growth curve for the industry going forward.
Against this backdrop, the report provides a comprehensive Comparative SWOT framework analysis & Near Term Business Outlook on Top OEMs in the Global Medium to Heavy Truck market. The report analyzes as to how are the key industry OEMs positioned, based on their Strengths & Weaknesses, & how strategically responsive they are while gearing up for the highly dynamic & rapidly evolving trucking market landscape with reference to near-term Challenges, emerging Opportunities and potential Threats. The report also provides an analysis of key trends, issues & challenges which are likely to shape the industry’s future while also outlining potential growth opportunities & projecting market outlook as well as demand growth projections for the near to medium term horizon.
For Whom: Key Decision-Makers across Industry Value Chain
Features, Benefits & Reasons to Procure:
The Global Demand for medium & heavy trucks is projected to register a steady recovery & growth over near to medium term with most key global economies likely to witness an uptick in demand following pursuit of fiscal interventions by nations & governments across most regions under fiscal intervention measures going forward coupled with strong global economic recovery projections by the IMF for 2021 & 2022, led by the U.S.
Further, the massive, $2 trillion infrastructure plan just outlined by the Biden administration in early April 2021; geared towards comprehensive repair & rebuilding of roads, railroads, bridges & ports in the U.S.; could turn out to be the much needed shot in the arm for the on & off-highway segments over medium term with an outlay of $115 billion planned towards repair of highways & bridges alone, if it gets approved by the Congress. However, much of that will be contingent on the pace & trajectory of global macroeconomic recovery from the COVID-19, direction of U.S. policy posture towards global trade under Biden administration, sustainment of recovery in global crude oil as well as commodity prices, all of which will have a direct & significant bearing on the shape of the growth curve for the industry going forward.
Against this backdrop, the report provides a comprehensive Comparative SWOT framework analysis & Near Term Business Outlook on Top OEMs in the Global Medium to Heavy Truck market. The report analyzes as to how are the key industry OEMs positioned, based on their Strengths & Weaknesses, & how strategically responsive they are while gearing up for the highly dynamic & rapidly evolving trucking market landscape with reference to near-term Challenges, emerging Opportunities and potential Threats. The report also provides an analysis of key trends, issues & challenges which are likely to shape the industry’s future while also outlining potential growth opportunities & projecting market outlook as well as demand growth projections for the near to medium term horizon.
For Whom: Key Decision-Makers across Industry Value Chain
- Key Decision-Makers
- Program & Procurement Managers
- Top Management of Industry Players & Other Companies
- Industry OEMs & Technology/Other Solutions Providers
- Suppliers, Vendors, Sales & Distribution Channels and other Key Players in the Industry Value Chain
- Fleet Operators, Logistics Solutions Providers, Associated Equipment Manufacturers & Technology Solutions Providers
- Existing & potential Investors
- Industry & Company Analysts
- M&A Advisory Firms
- Strategy & Management Consulting Firms
- PE Firms, Venture Capitalists and Financing & Leasing Companies
- Researchers and all those associated with the industry in general
Features, Benefits & Reasons to Procure:
- Quick Macro View and Big Picture Analysis
- Blend of Quantitative & Qualitative Analysis for Strategic Planning Process
- Quality & Reliability backed by over a decade of Research and Coverage of the Industry
- Detailed Analysis on the OEMs
- Visual Representation enabling Easy Comprehension
- Meetings & Presentation Ready Format for Quick Application
- Superior & Enriched User Experience with Incorporation of Relevant Images, Graphs & Infographics
Table of Contents
Section - 1: Global Medium & Heavy Truck Market - Business Snapshot - Top 7 Industry OEMs
Section - 2: Financial Performance Analysis - Top 7 Industry OEMs
Section - 3: Comparative SWOT Analysis - Top 7 Industry OEMs
Section - 4: Comparative Analysis of Strengths
Section - 5: Comparative Analysis of Weaknesses - Top 7 OEMs
Section - 7: Key Trends
Section - 9: Global Medium & Heavy Truck Market - Force Field Analysis - Analysis of Driving & Restraining Forces and their Overall Dynamics
Section - 10: Strategic Market Outlook through 2024
Companies Mentioned
- Daimler Inc.
- Volvo AB
- MAN SE
- Scania AB
- PACCAR Inc.
- Navistar International Corporation
- Iveco S.p.A.