Class 8 truck Market to be worth $432.6 Bn by 2032, Says Global Market Insights Inc.
Major class 8 truck market participants include Freightliner, Peterbilt, Kenworth, Daimler, Navistar, Mack Trucks, Scania AB, MAN, Isuzu Motors, Volvo Trucks, and others.
Selbyville, Delaware, Aug. 28, 2024 (GLOBE NEWSWIRE) —
The class 8 truck market size will reach USD 432.6 billion by 2032, as reported in a
Major class 8 truck market vendors include Freightliner, Peterbilt, Kenworth, Daimler, Navistar, Mack Trucks, Scania AB, MAN, Isuzu Motors, Volvo Trucks, and others.
Leading class 8 truck providers are strengthening their market presence through substantial investments in research and development to enhance vehicle efficiency and emissions standards. By forming strategic alliances and pursuing acquisitions, these firms expand their product portfolios and market reach. The class 8 truck vendors focus on integrating advanced technologies such as electric and autonomous driving systems, positioning themselves at the forefront of innovation. Emphasizing customer needs and sustainability, these class 8 truck companies aim to deliver cutting-edge, reliable, and eco-friendly transportation solutions, solidifying their competitive edge in the industry.
In April 2024, Volvo Group will build a heavy-duty truck factory in Mexico, supplementing its United States production. This initiative might make Volvo the last significant player in the U.S. class 8 industry to have a production unit in Mexico by 2026.
Partial chapters of report table of contents (TOC):
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis, 2021 – 2032
Chapter 3 Class 8 truck Market Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material suppliers
3.2.2 Component suppliers
3.2.3 Manufacturers
3.2.4 Service providers
3.2.5 Distribution channel
3.2.6 End users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Escalating demand for autonomous driving technologies in class 8 trucks
3.8.1.2 Increasing long-haul freight activities bolstering class 8 truck utilization
3.8.1.3 Introduction of advanced emission control systems due to strict regulations
3.8.1.4 Expansion of logistic networks and e-commerce globally
3.8.1.5 Technological advancements in trucking efficiency and safety features
3.8.2 Industry pitfalls & challenges
3.8.2.1 High cost of advanced technology integration
3.8.2.2 Economic slowdown affecting freight demand
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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