Heavy Duty Trucks Market
Heavy-Duty Trucks Market Size And Forecast
Heavy-Duty Trucks Market was valued at USD 117.6 Billion in 2018 and is projected to reach USD 159.77 Billion by 2026, growing at a CAGR of 3.92 % from 2019 to 2026.
Global Heavy-Duty Trucks Market Outlook
The economic development and demand for effective and efficient transport and logistics systems are driving the demand. Increasing globalization and trade activities across the globe are fuelling growth to the market. The process of trucking logistics can involve several factors, including identifying the optimally efficient routes for fleet, the optimum types of fuel for fleet, the best truck that can meet the demands of the particular service and the needs of clients. Truck for logistics enables truck drivers to increase their efficiency, including the use of better communication between themselves and their handlers. However, growing carbon emission from the burning of diesel fuel is hampering the growth of the market. Diesel fuel emits carbon three times more than gasoline. Making road freight vehicles fuel-efficient and cleaner is a challenge before the market.
Global Heavy-Duty Trucks Market Competitive Landscape
The Global Heavy-Duty Trucks Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Tata Motors, Volkswagen, Oshkosh Corporation, Paccar, Peterbilt, Scania AB, China National Heavy Duty Group, Volvo, Ashok Leyland, and Ford Motor Company.
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