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Vocational Trucks Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2019-09-17   |   Pages: Ongoing   |   Tables: Ongoing   |  Report ID: 8092 |  Industry: Automation & Transportation  |   Format : pdf word ppt excel



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The global vocational trucks market is expected to achieve growth while riding on key growth factors such as increasing transportation of goods and strong demand in oil and gas, infrastructure, and construction applications. Increasing rate of urbanization and technological advancement could be other important factors helping with considerable growth of the global vocational trucks market. Earlier in 2019, Western Star Trucks, a subsidiary of Daimler Trucks North America, announced a number of new enhancements to its 4700 vocational truck. The enhancements mainly focus on driver safety and experience, enhanced productivity, faster uplift, and vehicle weight reduction.

Use of Lightweight and Corrosion-resistant Materials to Push Demand for Vocational Trucks

Availability of a range of vocational trucks according to specific operational requirements and tasks is expected to increase interest in the global market. High demand from fleet operators could be a powerful growth driver of the global vocational trucks market. Introduction of products with improved accessibility and more storage space is expected to strengthen the demand in the global vocational trucks market. Use of lightweight materials in vocational trucks to help consumers with better fuel efficiency is foretold to create rewarding prospects during the forecast period. Manufacturers are also observed to use materials with high corrosion resistance to offer more robust vocational trucks.

Players to Focus on Offering Vocational Trucks with Enhanced Safety Features and Fuel Efficiency

The global vocational trucks market marks the presence of top manufacturers such as Daimler AG, BYD Auto Co., Ltd., Ford Motor Company, CNH Industrial N.V., Volkswagen Group, FAW Group, PACCAR Inc., Dongfeng Motor Corporation, Volvo Group, Navistar International Corp., Hino Motors, Ltd., Caterpillar Inc., ISUZU, Liebherr Group, and TATA Motors Ltd. Manufacturers are predicted to concentrate on offering consumers with better driving experience, greater fuel efficiency, and improved vehicle and driver safety features. In September 2019, Freightliner Trucks, part of Daimler Trucks North America, announced the start of the production of its Cascadia truck featuring aerodynamics enhancements and advanced safety solutions.

Manufacturers are foretold to continue to partner with automotive companies such as component system makers to launch more innovative and advanced products in the global vocational trucks market. In August 2019, Commercial Vehicle Group, a US supplier of complete cab systems in the heavy-duty truck and other markets, made an important announcement. The company was awarded the production and design of components such as cabin structure of a severe-duty vocational truck of Autocar Trucks, a US manufacturer of severe-duty, Class 7, and Class 8 vocational trucks.

By Product

  Trailer Truck

 Dump Truck

 Concrete Mixer

 Crane Truck

 Firefighting Truck

  Garbage Truck

 Tank Truck

 Others

By Engine Type

 Diesel

 Electric

 Gas

 Others

Among product type segments, concrete and dump trucks are prophesied to account for a substantial share of the global vocational trucks market. This could be due to high use of concrete and dump trucks in the lucrative construction industry. Factors such as improved consumer confidence and significantly low interest rates are expected to support the growth of the construction industry. The report also includes deep analysis of engine type segments, viz. gas, electric, diesel, and others.

By Region

world_regions

Market analysts predict Asia Pacific to grow as a profit-making region for the global vocational trucks market. India and China are anticipated to create high demand for vocational trucks due to growing focus on mining and construction activities. However, North America is forecast to show higher growth in the global vocational trucks market on the back of favorable government initiatives, availability of more technologically sophisticated features in vocational trucks, and strong presence of key manufacturers. Some countries in North America are observed to offer subsidies and rebates on the purchase of vehicles with zero and near-zero emissions.

The automotive industry has undergone myriad changes over the past century. It has stirred a revolution, setting in motion trends that have completely transformed the transportation industry. Digitalization has drastically helped business models evolve by leaps and bounds. Major developments in the emerging economies have provided the automotive and transportation industry is a massive boost in recent years.

Increasing investments in automobile manufacturing, especially in the developing countries, strengthening trade and business opportunities, and growing e-commerce has all made its contribution towards shaping the automotive and transportation industry. Our reports take a detailed look at the various factors driving this industry and assess the lucrative opportunities for the players in the near future. The reports discuss the future of artificial intelligence, Internet of Things, vehicle-to-vehicle communication, and autonomous vehicles with utmost objectivity. The next-generation technological advancements and changing outlooks of the players have been studied with unbiased scrutiny for a clear picture of the trajectory of the industry.

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.



Vocational Trucks Market Report