Heavy-duty Trucks Market in Europe Growth Analysis | Increasing demand for heavy-duty trucks in Eastern Europe to drive growth
Trends, Drivers and Vendor Forecasts for 2021-2025
Accelerating at a CAGR of 3.38%, the heavy-duty trucks market in Europe is expected to post an incremental growth of 92.85 th units over the next five years. AB Volvo, Ashok Leyland Ltd., BYD Co. Ltd., Daimler AG, PACCAR Inc., Scania AB, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., and Volkswagen AG are among the key market players.
The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. In addition, our report offers a deep understanding of the key market players and their product portfolios. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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Heavy-duty Trucks Market in Europe : Market Segments and Key Trends
The Heavy-duty trucks market in Europe is segmented by Type (3.5 to 16 tonnes and Over 16 tonnes) and Geographic (Germany, France, and Rest of Europe). Rest of Europe led the market with 59% of the market growth set to originate from this region during the forecast period. Growing demand for HD trucks from truck rental service providers will facilitate the heavy-duty trucks market in Europe growth.
High cost associated with hd trucks is one of the challenges that will need to be overcome to drive growth. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Heavy-duty Trucks Market in Europe : Top Drivers to Boost Demand
Increasing demand for HD trucks in Eastern Europe is one of the primary factors driving the growth of the heavy-duty trucks market in Europe . The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
Key Focus Areas in Our Reports:
- Heavy-duty Trucks Market in Europe Split by Type
- 3.5 to 16 tonnes
- Over 16 tonnes
- Heavy-duty Trucks Market in Europe Split by Geographic
- Germany
- France
- Rest of Europe
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- AB Volvo
- Ashok Leyland Ltd.
- BYD Co. Ltd.
- Daimler AG
- PACCAR Inc.
- Scania AB
- Tata Motors Ltd.
- Tesla Inc.
- Toyota Motor Corp.
- Volkswagen AG
Browse through some of other related market research reports for more insights:
- Heavy-duty Trucks Market: The Global Heavy-duty Trucks Market is projected to grow by 474.96 th units, decelerating at a CAGR of 5.55% till 2025.
- Electric Trucks Market: The Global electric trucks market is expected to grow by 391.50 th units, accelerating at a CAGR of 28.88% during the forecast period.
- Dump Trucks Market: Dump trucks market is set to post an incremental growth of $ 5.27 bn during 2022-2026.
- Mining Truck Market: Mining truck market is set to post an incremental growth of $ 991.95 mn during 2021-2025.
- Forklift Trucks Market: Global forklift trucks market will post an incremental growth of 198.72 th units and progressing at a CAGR of almost 3% during the forecast period.
- Pallet Trucks Market: The pallet trucks market is set to post an incremental growth of $ 989.50 mn, accelerating at a CAGR of almost 4% during the forecast period.
- Tipper Trucks Market: The tipper trucks market is expected to grow by $ 4 bn, accelerating at a CAGR of almost 2.09% during the forecast period.
- Used Trucks Market: Technavio has been monitoring the used trucks market and it is expected to grow by 6.47 mn units, accelerating at a CAGR of almost 4% during the forecast period.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 3.28%.
- What is the incremental growth of the market?
The market is expected to grow by 92.85 th units through 2021-2025.
- What is a key factor driving this market?
Increasing demand for HD trucks in Eastern Europe will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
Germany, France, and Rest of Europe are the key regions featured in this research report.
- Which is the leading geographic region for this market:
59% growth will originate from Rest of Europe
- Who are the leading market vendors?
The leading vendors in this market are AB Volvo, Ashok Leyland Ltd., BYD Co. Ltd., Daimler AG, PACCAR Inc., Scania AB, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., and Volkswagen AG
- What are the market segments covered in this report?
The market is segmented by Type (3.5 to 16 tonnes and Over 16 tonnes) and Geographic (Germany, France, and Rest of Europe)
