India Medium and Heavy Trucks Market to 2027
Summary
Medium & Heavy Trucks in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The medium and heavy trucks market includes commercial vehicles (CVs), buses and coaches (BCs), heavy commercial vehicles (HCVs) and heavy buses and coaches (HBCs). CVs and BCs weigh 3.51 to 16 tonnes and include pick-ups and vans where they fall into this weight range. HCVs and HBCs weigh over 16 tonnes; the converted trucks and buses are excluded. The market volume include the number of newly registrated vehicle in any given year. The market value is calculated in terms of average manufacturer selling price (MSP) against market volume, and excludes all taxes and levies.
- The Indian medium & heavy trucks market had total revenues of $10.2 billion in 2022, representing a compound annual growth rate (CAGR) of 5.9% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 3.1% between 2017 and 2022, reaching a total of 329.9 thousand units in 2022.
- The growth in the Indian medium & heavy trucks market is influenced by several macroeconomic factors, such as rising GDP and growing business confidence. For instance, according to the Organisation for Economic Co-operation and Development (OECD), the business confidence index in India reached 103.55 in February 2022, up from 101.21 in April 2021.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the medium & heavy trucks market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the medium & heavy trucks market in India
- Leading company profiles reveal details of key medium & heavy trucks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India medium & heavy trucks market with five year forecasts by both value and volume
- What was the size of the India medium & heavy trucks market by value in 2022?
- What will be the size of the India medium & heavy trucks market in 2027?
- What factors are affecting the strength of competition in the India medium & heavy trucks market?
- How has the market performed over the last five years?
- Who are the top competitors in India's medium & heavy trucks market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of leading players?
- 7.3. What are the most notable M&A deals in recent years?
- 8 Company Profiles
- 8.1. Mahindra & Mahindra Limited
- 8.2. Eicher Motors Ltd
- 8.3. Tata Motors Limited
- 8.4. Ashok Leyland Limited
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: India medium & heavy trucks market value: $ billion, 2017–22
- Table 2: India medium & heavy trucks market volume: thousand units, 2017–22
- Table 3: India medium & heavy trucks market category segmentation: % share, by volume, 2017–2022
- Table 4: India medium & heavy trucks market category segmentation: thousand units, 2017-2022
- Table 5: India medium & heavy trucks market geography segmentation: $ billion, 2022
- Table 6: India medium & heavy trucks market value forecast: $ billion, 2022–27
- Table 7: India medium & heavy trucks market volume forecast: thousand units, 2022–27
- Table 8: Mahindra & Mahindra Limited: key facts
- Table 9: Mahindra & Mahindra Limited: Annual Financial Ratios
- Table 10: Mahindra & Mahindra Limited: Key Employees
- Table 11: Mahindra & Mahindra Limited: Key Employees Continued
- Table 12: Eicher Motors Ltd: key facts
- Table 13: Eicher Motors Ltd: Annual Financial Ratios
- Table 14: Eicher Motors Ltd: Key Employees
- Table 15: Tata Motors Limited: key facts
- Table 16: Tata Motors Limited: Annual Financial Ratios
- Table 17: Tata Motors Limited: Key Employees
- Table 18: Ashok Leyland Limited: key facts
- Table 19: Ashok Leyland Limited: Annual Financial Ratios
- Table 20: Ashok Leyland Limited: Key Employees
- Table 21: Ashok Leyland Limited: Key Employees Continued
- Table 22: India size of population (million), 2018–22
- Table 23: India gdp (constant 2005 prices, $ billion), 2018–22
- Table 24: India gdp (current prices, $ billion), 2018–22
- Table 25: India inflation, 2018–22
- Table 26: India consumer price index (absolute), 2018–22
- Table 27: India exchange rate, 2018–22
- List of Figures
- Figure 1: India medium & heavy trucks market value: $ billion, 2017–22
- Figure 2: India medium & heavy trucks market volume: thousand units, 2017–22
- Figure 3: India medium & heavy trucks market category segmentation: thousand units, 2017-2022
- Figure 4: India medium & heavy trucks market geography segmentation: % share, by value, 2022
- Figure 5: India medium & heavy trucks market value forecast: $ billion, 2022–27
- Figure 6: India medium & heavy trucks market volume forecast: thousand units, 2022–27
- Figure 7: Forces driving competition in the medium & heavy trucks market in India, 2022
- Figure 8: Drivers of buyer power in the medium & heavy trucks market in India, 2022
- Figure 9: Drivers of supplier power in the medium & heavy trucks market in India, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in India, 2022
- Figure 11: Factors influencing the threat of substitutes in the medium & heavy trucks market in India, 2022
- Figure 12: Drivers of degree of rivalry in the medium & heavy trucks market in India, 2022
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