Chevrolet (US), ZF (Germany), Dodge (US), Toyota Motor Corporation (Japan), GMC (General Motors Truck Company US.), Volvo trucks (Sweden), Daimler Trucks North America LLC (US), Paccar Inc. (US), Caterpillar Inc. (US), Cummins (US) and MAN Truck & Bus AG (Germany) are counted under the top well-known players in the landscape of competition in the global high-performance trucks market. Therefore, profiling them in the analysis report, MRFR explores more strategies about keeping them at the front.
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Market Insight
The high-performance trucks market is witnessing traction from the automotive industry across the world. It is the environmental concern of various government bodies that are setting the market rolling. On this note, Market Research Future reveals that the global high-performance trucks market is all set to witness 4% of CAGR during the forecast period (2017-2023).
The high-performance truck consists of a high-performance traction system and is equipped with powerful motors and advanced electric control systems. The high-performance truck market, at present, is majorly motivated with the surging investments that are being made by the buyer for the modification and customization of trucks. These occur to be the foremost drivers for market growth.
Market Drivers & Trends
The drivers that are playing a significant role in the progress of the market are the introduction of stringent emission norms levied by the government, especially in developed countries and increase in the supply of temperature-sensitive materials. These factors are further leading to an increased demand for refrigerated high-performance trucks, which has subsequently surged the growth of the market during the assessment period.
Apart from these, more factors such as the growth of organized retail industry majorly in developing countries and the surge in demand for frozen perishable commodities are the drivers for the market’s growth which is undoubtedly going to expand in the coming years. Better performance of trucks along with learned and experienced drivers are also contributing the most in taking the market for high-performance truck forward during the assessment period.
On the flip side, the factor such as the massive cost of manufacturing and the limited scope of electrification of high-performance trucks could obstruct the growth of the high-performance trucks market during its progression period. At the same time, the introduction of electric high-performance trucks with advanced features and driving comfort is anticipated to generate massive opportunities over the assessment period.
Industry Segmentation
In the detailed study of the market, it has been spilt into various elements such as transmission type, vehicle type, and application type.
In terms of transmission type, the market includes automatic, manual and semi-automatic. Amongst these, the semi-automatic segment is anticipated to be the fastest-growing segment in support of the benefits provided by such transmissions such as comfort, automatic transmission system and fuel efficiency, which is again achieved by manual transmission. With this, the low cost of semi-automatic transmission as compared to the automatic transmission system is leading owing to a surge in the use of the trucks in developing and the cost-sensitive region such as the Asia Pacific.
In terms of vehicle types, the market includes conventional pickups, crew cab, sports trucks, and long-haul trucks, and many more.
In terms of applications, the market includes dumping, distribution, refrigeration, and container, tanker, and many more.
Regional Outlook
Geographically, the global High-performance trucks market encases significant regions such as North America, Europe, Asia Pacific and Rest of the World.
Among these, Asia Pacific region bellwethers the market growth of the global high-performance trucks market due to its contributions to the increase of automotive industry along with introduction of regulatory developments such as axle loading, emission control norms and the shift in consumer preferences towards premium trucks. In case point, the upcoming Olympic events, which are arranged in South Korea, China and Japan showing an impressive surge and anticipated to generate huge demand for high-performance dumping trucks in the region.
The US regional market is found to have a lucrative market too by showcasing a wide range of high-performance trucks. It was recorded in the past that the sales of passenger cars and SUVs and trucks were almost at equal state, but apart from a spike in 2012, car sales have fallen, and truck sales rose substantially. Such a trend is likely to continue subsequent market growth in the US throughout the forecast period.
Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global High Performance Trucks Market, By Transmission Type
5.1 Introduction
5.2 Automatic
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3 Manual
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
5.2 Semi-Automatic
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
6 Global High Performance Trucks Market, By Vehicle Type
6.1 Introduction
6.2 Conventional Pickups
6.2.1 Market Estimates & Forecast, 2017-2023
6.2.2 Market Estimates & Forecast By Region, 2017-2023
6.3 Crew Cab
6.3.1 Market Estimates & Forecast, 2017-2023
6.3.2 Market Estimates & Forecast By Region, 2017-2023
6.4 Sports Trucks
6.4.1 Market Estimates & Forecast, 2017-2023
6.4.2 Market Estimates & Forecast By Region, 2017-2023
6.5 Long-Haul Trucks
6.5.1 Market Estimates & Forecast, 2017-2023
6.5.2 Market Estimates & Forecast By Region, 2017-2023
6.6 Others
6.6.1 Market Estimates & Forecast, 2017-2023
6.6.2 Market Estimates & Forecast By Region, 2017-2023
7 Global High Performance Trucks Market, By Application
7.1 Introduction
7.2 Dumping
7.2.1 Market Estimates & Forecast, 2017-2023
7.2.2 Market Estimates & Forecast By Region, 2017-2023
7.3 Distribution
7.3.1 Market Estimates & Forecast, 2017-2023
7.3.2 Market Estimates & Forecast By Region, 2017-2023
7.4 Refrigeration
7.4.1 Market Estimates & Forecast, 2017-2023
7.4.2 Market Estimates & Forecast By Region, 2017-2023
7.5 Container
7.5.1 Market Estimates & Forecast, 2017-2023
7.5.2 Market Estimates & Forecast By Region, 2017-2023
7.6 Tanker
7.6.1 Market Estimates & Forecast, 2017-2023
7.6.2 Market Estimates & Forecast By Region, 2017-2023
7.7 Others
7.7.1 Market Estimates & Forecast, 2017-2023
7.7.2 Market Estimates & Forecast By Region, 2017-2023
7 Global High Performance Trucks Market, By Engine
7.1 Introduction
7.2 Gasoline
7.2.1 Market Estimates & Forecast, 2017-2023
7.2.2 Market Estimates & Forecast By Region, 2017-2023
7.3 Diesel
7.3.1 Market Estimates & Forecast, 2017-2023
7.3.2 Market Estimates & Forecast By Region, 2017-2023
7.4 Others
7.4.1 Market Estimates & Forecast, 2017-2023
7.4.2 Market Estimates & Forecast By Region, 2017-2023
8 Global High Performance Trucks Market, By RegionC
Continued…
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