Medium & Heavy Trucks in Asia-Pacific
Summary
Medium & Heavy Trucks in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). 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 (CV), buses and coaches (BC), heavy commercial vehicles (HCV), and heavy buses and coaches (HBCs).
- The Asia-Pacific medium & heavy trucks market recorded revenues of $613.5 billion in 2023, representing a compound annual growth rate (CAGR) of 3.6% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 2.1% between 2018 and 2023, to reach a total of 8,402.1 thousand units in 2023.
- The growth of the Asia-Pacific medium & heavy trucks market is propelled by the expansion of the transportation industry and concurrent infrastructure development. As the transportation sector experiences steady growth, fueled by increased demand for the movement of goods and people, there arises a corresponding need for robust transportation solutions, including medium and heavy trucks, to support these activities efficiently. For instance, according to MarketLine, the Asia-Pacific road transportation services industry stood at $1,267.3 billion in 2023, an increase of 2.8% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the medium & heavy trucks market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the medium & heavy trucks market in Asia-Pacific
- 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 Asia-Pacific medium & heavy trucks market with five year forecasts by both value and volume
- What was the size of the Asia-Pacific medium & heavy trucks market by value in 2023?
- What will be the size of the Asia-Pacific medium & heavy trucks market in 2028?
- What factors are affecting the strength of competition in the Asia-Pacific medium & heavy trucks market?
- How has the market performed over the last five years?
- Who are the top competitors in Asia-Pacific'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 in the market?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 7.4. What have been the recent developments in the market?
- 8 Company Profiles
- 8.1. Daimler Financial Services AG
- 8.2. Isuzu Motors Limited
- 8.3. Sinotruk (Hong Kong) Ltd
- 8.4. Hino Motors, Ltd.
- 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: Asia-Pacific medium & heavy trucks market value: $ billion, 2018-23
- Table 2: Asia-Pacific medium & heavy trucks market volume: thousand units, 2018-23
- Table 3: Asia-Pacific medium & heavy trucks market category segmentation: % share, by volume, 2018-2023
- Table 4: Asia-Pacific medium & heavy trucks market category segmentation: thousand units, 2018-2023
- Table 5: Asia-Pacific medium & heavy trucks market geography segmentation: $ billion, 2023
- Table 6: Asia-Pacific medium & heavy trucks market value forecast: $ billion, 2023-28
- Table 7: Asia-Pacific medium & heavy trucks market volume forecast: thousand units, 2023-28
- Table 8: Daimler Financial Services AG: key facts
- Table 9: Daimler Financial Services AG: Key Employees
- Table 10: Isuzu Motors Limited: key facts
- Table 11: Isuzu Motors Limited: Annual Financial Ratios
- Table 12: Isuzu Motors Limited: Key Employees
- Table 13: Isuzu Motors Limited: Key Employees Continued
- Table 14: Sinotruk (Hong Kong) Ltd: key facts
- Table 15: Sinotruk (Hong Kong) Ltd: Annual Financial Ratios
- Table 16: Sinotruk (Hong Kong) Ltd: Key Employees
- Table 17: Hino Motors, Ltd.: key facts
- Table 18: Hino Motors, Ltd.: Annual Financial Ratios
- Table 19: Hino Motors, Ltd.: Key Employees
- Table 20: Asia-Pacific exchange rate, 2019-23
- List of Figures
- Figure 1: Asia-Pacific medium & heavy trucks market value: $ billion, 2018-23
- Figure 2: Asia-Pacific medium & heavy trucks market volume: thousand units, 2018-23
- Figure 3: Asia-Pacific medium & heavy trucks market category segmentation: thousand units, 2018-2023
- Figure 4: Asia-Pacific medium & heavy trucks market geography segmentation: % share, by value, 2023
- Figure 5: Asia-Pacific medium & heavy trucks market value forecast: $ billion, 2023-28
- Figure 6: Asia-Pacific medium & heavy trucks market volume forecast: thousand units, 2023-28
- Figure 7: Forces driving competition in the medium & heavy trucks market in Asia-Pacific, 2023
- Figure 8: Drivers of buyer power in the medium & heavy trucks market in Asia-Pacific, 2023
- Figure 9: Drivers of supplier power in the medium & heavy trucks market in Asia-Pacific, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in Asia-Pacific, 2023
- Figure 11: Factors influencing the threat of substitutes in the medium & heavy trucks market in Asia-Pacific, 2023
- Figure 12: Drivers of degree of rivalry in the medium & heavy trucks market in Asia-Pacific, 2023
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