The report is titled as ‘Heavy-Duty Trucks Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Heavy-Duty Trucks market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Heavy-Duty Trucks market is expected to grow with significant rate in the near future.
The heavy-duty trucks market is estimated to reach at a value of US$ 378.9 Mn by the end of 2022 and expected to reach at a value of US$ 523.5 Mn by 2030 with a significant CAGR of 4.1%.
Heavy-Duty Trucks Introduction
Heavy-duty trucks can be perceived as commercial vehicles that are a crucial component of any commercial activities such as agriculture, transportation, construction, and several other functions. Majorly, there are two types of trucks – heavy-duty trucks and light-duty trucks. Each kind of truck is distinct from the other and has a myriad of applications. Consumers can find, compare and pick the trucks as per their requirements. To be specific, a heavy-duty truck typically carries the load by itself, without a trailer.
The heavy-duty truck is heavier in weight and comprise a gross vehicle weight of approximately 15000 kg or more. Notably, the transport sector is progressing at a rapid pace with the new models and state-of-the-art technologies in heavy commercial vehicles. A heavy-duty truck is an ideal preference for heavy materials and goods pickup.
Moreover, the heavy-duty trucks are multi-purpose commercial vehicles and are generally employed in bulk load transportations, mining & construction tippers, long-haul distribution, tractor-trailer for over-dimension cargo movement, close containers, and flat-bed trailers. The soaring customer demand for quality, services, and attributes is rapidly progressing in present times is majorly driving the growth of the global heavy-duty trucks market.
Heavy-Duty Trucks Market Segmentation
The global heavy-duty trucks market is segmented on the basis of class, application, fuel, tonnage type, horsepower, and region.
By Tonnage Type
Heavy-Duty Trucks Market Key Players
Some of the key participating players in global Heavy-Duty Trucks market are:
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