Heavy-duty Trucks Market In Europe 2023-2027
The heavy-duty trucks market in Europe is forecasted to grow by USD 13388.66 mn during 2022-2027, accelerating at a CAGR of 6.91% during the forecast period. The report on the heavy-duty trucks market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for hd trucks in Eastern Europe, growing demand for HD trucks from truck rental service providers, and stringent emission standards for HD trucks.
Technavio's heavy-duty trucks market in Europe is segmented as below:
- By Type
- 3.5 to 16 tonnes
- Over 16 tonnes
- By Fuel Type
- Diesel powered
- Gasoline powered
- Electric powered
- Solar powered
This study identifies the increasing prominence of electric HD trucks as one of the prime reasons driving the heavy-duty trucks market in Europe growth during the next few years. Also, development of multi-brand truck platooning in Europe and adoption of autonomous technologies in HD trucks will lead to sizable demand in the market.
The report on the heavy-duty trucks market in Europe covers the following areas:
- Heavy-duty trucks market in Europe sizing
- Heavy-duty trucks market in Europe forecast
- Heavy-duty trucks market in Europe industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading heavy-duty trucks market in Europe vendors that include AB Volvo, Scania AB, Daimler Truck AG, PACCAR Inc., Tesla Inc., Volkswagen AG, BYD Co. Ltd., Toyota Motor Corp., Ashok Leyland Ltd, Oshkosh Corp., Eicher Motors Ltd., General Motors Co., Hindustan Motors Ltd., Mahindra and Mahindra Ltd., Iveco SpA, Sinotruk Hong Kong Ltd., Dongfeng Motor Group Co. Ltd., Ford Motor Co., Isuzu Motors Ltd., and Tata Motors Ltd.. Also, the heavy-duty trucks market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.