According to Goldstein Research, commercial vehicle market is expected to grow 1.4% annually in the next five years due to continued economic growth. The truck industry is faster than rail transport and much cheaper than the air transport, giving it a fortunate positioning in the transportation industry. The trucks market also includes product development, technological advancements and investment strategies adopted by major market players in order to expand their business across the globe. Further, the emergence of autonomous technology, telematics and artificial intelligence will significantly transform the trucks market landscape during the forecast period. According to our Goldstein Research analysts trucks market is projected to register a CAGR of 5.20% during the forecast period i.e. 2016-2024. Global Trucks Market is majorly growing in developing nations and the Asia Pacific region has the largest market share of about 51.2% in 2016 due to increase in the expansion of the logistics and transportation sector.

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Market Segmentation

On the basis of our in-depth analysis, the global trucks market can be segmented as follows:

By Vehicle Type

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

By Fuel Type

  • Diesel Truck Market
  • Electric Truck Market
  • Gasoline/ Natural Gas truck Market

Based on Geography

  • North America (U.S. & Canada) lightweight material market {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) lightweight material market {Market Share (%), Market Size (USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE) lightweight material market {Market Share (%), Market Size (USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) lightweight material market {Market Share (%), Market Size (USD Billion)}
  • The Middle East & Africa (GCC, South Africa, North Africa, Rome) lightweight material market {Market Share (%), Market Size (USD Billion)}

Global Truck Market report by Goldstein Research contains a detailed overview of the global trucks market. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market 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 Freightliner Trucks, Mitsubishi Fuso, Ashok Leyland, Eicher, Yorkshire, and 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 trucks market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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