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Global Truck Industry Estimated to Grow at a CAGR of 5.20% over the Forecast Period 2016-2024

According to Goldstein Research, global truck industry size is expected to reach USD 19.20 billion by 2024.
blade Steve | 23.10.2018
According to Goldstein Research, global truck industry size is expected to reach USD 19.20 billion by 2024, growing at a compounded annual growth rate of 5.20% during the forecast period 2016-2024. It is anticipated that truck might get more integrated into the logistics chain over the forecast period with the increasing application of advanced technologies such as cloud-based technology and autonomous trucks. Global truck industry segmentation has been carried out on the basis of vehicle type, fuel type, and geography. Based on vehicle type, the growing globalization has led to highest market share but the market witnesses an increasing market share of lightweight vehicles.

The global truck industry is largely driven by the Asia Pacific with a CAGR of 51.2% during 2016-2024 owing to increasing growth of logistics & transportation sector. APAC is followed by North America market share, but the market growing at a steady rate.

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Industry Segmentation

On the basis of our in-depth analysis, Global Truck Industry can be segmented as follows:

By Vehicle Type

• Light Weight Trucks
• Medium Weight Trucks
• Heavy Weight Trucks

By Fuel Type

• Diesel
• Electric
• Gasoline/ Natural Gas

By Region

• North America (US, Canada) {Industry Share (%), Industry Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
• The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}

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“Global Truck Industry Analysis ” contains the detailed overview of the global truck industry. On the basis of our in-depth analysis, the industry can be segmented in terms of industry segmentation by vehicle type & fuel type.
Further, for the in-depth analysis, Global Truck Industry Report encompasses the industry growth drivers, industry challenges, risk analysis, industry attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This market research report also includes competitive outlook of some of the major players profiling of companies such as Mercedes-Benz, Volvo, MAN, Tata Motors, DAF Trucks, Isuzu, Freightliner Trucks, Mitsubishi Fuso, Ashok Leyland, Eicher, Yorkshire, Hanomag, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global truck industry trends along with industry forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their industry-centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the industry, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.

Our industry research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry analysis reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

Contact for more info:
Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
Canada: 1-437-886-1181
UK: + 44-203-318-6627

Browse similar report on Electric Trucks Market Report published by "Goldstein Research" and Gather more accurate market data such as trends, share, demand, chain analysis, risk, restrains, growth driver etc.