High-Performance Trucks Market Highlights:
The prominent players in the high-performance trucks market include ZF (Germany), Chevrolet (U.S.), Dodge (U.S.), GMC (General Motors Truck Company) (U.S.), Toyota Motor Corporation (Japan), Volvo trucks (Sweden), Paccar Inc. (U.S.), Daimler Trucks North America LLC (U.S.), Caterpillar Inc. (U.S.), MAN Truck & Bus AG (Germany) and Cummins (U.S.) others.
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High-Performance TrucksMarket Drivers and Restraints:
The high-performance truck comprises a high-performance traction system and is equipped with powerful motors and intelligent electric control systems. As consumer tastes shift further toward SUVs and trucks, companies are diversifying their line-ups with off-roaders and fast, high-performance trucks and SUVs. Simultaneously, consumers get attracted to the liability of these vehicles, compared with sports cars and off-roaders, which in turn, escalates the sales, owing to the growing popularity and adoption.
The major factors contributing in the growth of the global high-performance truck market are the introduction of stringent emission norms by the government of various developing and developed nations, and the increase in the supply of temperature-sensitive material. This is leading to an increase in the demand for refrigerated high-performance trucks, the growth of organized retail industry majorly in developing economies, and the increase in demand for frozen perishable commodities and the significant growth in the infrastructure. However, the growth of the high-performance trucks market is expected to be restrained by the huge cost of manufacturing and the limited scope of electrification of such high-performance trucks. However, the introduction of electric high-performance trucks with advanced features for ensuring better performance and enhanced driver comfort is expected to generate huge opportunities over the forecast period.
On the other hand, factors such as the huge cost of manufacturing and the limited scope of electrification of such high-performance trucks are expected to inhibit the market growth up to some extent. Nevertheless, the introduction of high-performance electric trucks with advanced features, ensuring better performance and enhanced driver comfort is expected to fuel the market growth, generating huge opportunities over the forecast period.
Global High-Performance TrucksMarket Segments Analysis:
Based on transmission type, the market has been segmented as Automatic, Manual and Semi-automatic. Amongst these, the semi-automatic segment is projected to be the fastest growing segment owing to the benefits provided by such transmission such as comfort similar to the automatic transmission system and fuel efficiency which is also achieved by manual transmission. Also, the low cost of semi-automatic transmission as compared to the automatic transmission system is leading due to an increase in the use of the developing and the cost-sensitive region such as the Asia Pacific.
Global High-Performance Trucks Market Regional Analysis:
Asia Pacific market for high-performance trucks is projected to lead the global market followed by the markets in North America and Europe region respectively. Booming construction industry coupled with the growing population in China, Indonesia & India attributes the regional growth. Same trends will be contributing to the market growth in the future as well.
The major factors substantiating the market growth include the introduction of regulatory developments such as emission control norms, axle loading, and the shift in consumer preferences towards premium trucks. The increasing infrastructure projects in India, South Korea, China, and Japan are expected to generate huge demand for high-performance dumping trucks in the region.
The US is a lucrative market too, showcasing a range of high-performance trucks. Furthermore, the sales of passenger cars and SUVs and trucks were almost at parity just a few years ago, but except for a spike in 2012, car sales have fallen while truck sales have risen. The trend is expected to continue substantiating the market growth in the US as eventually in the North America Region.
Report Overview:
The report for Global High-Performance Trucks Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continued…
LIST OF TABLES:
Table 1 Global High-Performance Trucks Market: By Region, 2017-2023
Table 2 North America High-Performance Trucks Market: By Country, 2017-2023
Table 3 Europe High-Performance Trucks Market: By Country, 2017-2023
Table 4 Asia Pacific High-Performance Trucks Market: By Country, 2017-2023
Table 5 RoW High-Performance Trucks Market: By Country, 2017-2023
Continued…
LIST OF FIGURES:
FIGURE 10 GLOBAL HIGH-PERFORMANCE TRUCKS MARKETSHARE, BY APPLICATION, 2016 (%)
FIGURE 11 GLOBAL ELECTRIC TWO-WHEELER MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
FIGURE 12 GLOBAL HIGH-PERFORMANCE TRUCKS MARKETSHARE (%), BY REGION, 2016
FIGURE 13 GLOBAL ELECTRIC TWO-WHEELER MARKET, BY REGION, 2015-2023 (USD MILLION)
FIGURE 14 NORTH AMERICA HIGH PERFORMANCE TRUCKS MARKETSHARE (%), 2016
FIGURE 15 NORTH AMERICA HIGH PERFORMANCE TRUCKS MARKETBY COUNTRY, 2015-2023 (USD MILLION)
FIGURE 16 EUROPE HIGH PERFORMANCE TRUCKS MARKETSHARE (%), 2016
Continued…
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