Global Heavy Duty (HD) Truck Market Report: 2014 Edition - New Report by Koncept Analytics

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Global Heavy duty trucks constitute an essential part of trucking industry. For more mail me: vikas@konceptanalytics.com

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Global Heavy Duty (HD) Truck Market Report: 2014 Edition - New Report by Koncept Analytics

  1. 1. Global Heavy Duty (HD) Truck Market ----------------------------------------------------- 2014 View Report Details
  2. 2. Executive Summary Heavy duty trucks constitute an essential part of trucking industry. The trucking industry provides a vital service to the economy by transporting large quantities of goods. Heavy duty trucks throughout the world are responsible for the majority of freight movement over land and are vital tools in the construction, manufacturing, transportation and warehousing industries. Major truck manufacturing companies are focusing on the emerging markets. With booming economies and low penetration rates, emerging markets are the key source of growth for global heavy duty truck industry. The largest heavy duty truck market is China, followed by North America. In terms of registrations, China is growing more rapidly in comparison with North America. Brazil is the fastest growing market in the world. The key factors driving growth of global heavy duty truck industry include escalating freight volume, rising global construction expenditure, increasing urban population and accelerating global income. Some of the noteworthy trends and developments of this industry are the booming emerging market, increasing shortage of drivers and increasing preference of trucks over railways for logistics. However, the growth of heavy duty truck industry is hindered by the strict emission standard compliance imposed on manufacturers and economic and market conditions. The present report offers a comprehensive analysis of the worldwide heavy duty truck market along with the study of regional markets including North America, Europe, Brazil, Russia and Asia. The competition in the respective market is intense with few large players viz. Daimler, Volvo, PACCAR and Isuzu. In addition, the competitive landscape in North America, Europe and Asia along with the company profiles of the leading players in the market is discussed in detail. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. View Report Details
  3. 3. Trucking industry provides a vital service to the economy by transporting large quantities of raw materials, work-in-process and finished goods over land • As of 2013, the sales of class 8 trucks plummeted to …. units from …. units, down by ….%. However, the sales are anticipated to increase in 2014 by ….% from prior year to reach …. units. The projected sales are expected to grow with a CAGR of ….% in the period spanning 2013-2017. • In North America, production of heavy duty trucks declined by …% to reach …. units in 2013 from …. units in previous year. However, the production is projected to increase to …. units in 2014, depicting an incline of …% from 2013. •China, the largest market, accounted for ..% of the total global registrations. North America is the second largest market with …% share, followed by Western Europe and South America accounting for …% and …% share in the registrations, respectively. India was another important region in terms of registrations, accounting for …% share in 2013. Global Heavy Duty Truck Registration by Region (2013) North America Heavy Duty Truck Production (2009-2015E) The US Class 8 Sales (2009-2017E) 2007 2008 2009 2010 2011 2012 2013 2014E 2015E (‘000Units) 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E (‘000Units) China North America Western Europe South America India Russia Japan Eastern Europe Others
  4. 4. Increasing shortage of drivers and increasing preference of trucks over railways for logistics are some of the noteworthy trends of this industry. • Heavy duty truck registrations in Europe were … units in 2013, depicting …% rise, compared to … units registrations in 2012. The increase in registrations is chiefly a result of pre-buying ahead of the Euro VI emission standards which had been into effect from January 2014. However, the registrations are expected to decline by …% in 2014, to … units. • North America heavy duty truck market is largely unchanged compared to 2012 with Daimler and PACCAR comprising ..% and ..% of the market respectively. Volvo held ..% of the heavy duty truck market in the cited year. For 2014, Navistar is well positioned to take market share as it has launched Cummins 15L engine in the end of 2013. It accounted for ..% share of the market in 2013. • Heavy duty truck sales in China increased by …%, accounting for … units in 2013, compared to roughly … units sales in 2012. The sales experienced a CAGR of …% in the period spanning 2007- 2013. China’s Heavy Duty Truck Sales (2007-2013) North American Heavy Duty Truck Market by Company (2013) European Heavy Duty Truck Registration (2006-2014E) 2006 2007 2008 2009 2010 2011 2012 2013 2014E (‘000Units) 2007 2008 2009 2010 2011 2012 2013 (‘000Units) Daimler PACCAR Volvo Navistar Other
  5. 5. The key factors driving growth of global heavy duty truck industry include escalating freight volume, rising global construction expenditure, increasing urban population and accelerating global income. • Brazilian market has showed a volatile trend over the past couple of years. Marking an impressive increase of …%, the heavy duty truck production was recorded at … units at the end of 2013, compared to …. units during the previous year. Moreover, through 2009 to 2013 the market grew at a remarkable CAGR of …%. • As of 2013, heavy duty truck market is the second largest market in China by volume with ….% share, after light duty truck market. Light duty truck accounted for …% share in the cited period. Mini duty and mid duty trucks held …% and …% share of total truck sales in 2013. • Marking an impressive increase of …%, the Russia’s heavy duty truck market recorded …. units at the end of 2012, compared to … units during the previous year. The growth of the heavy duty truck industry was recorded at a CAGR of ….% during the period spanning 2009-2012. Russian Heavy Duty Truck Sales by Volume (2006-2012) China’s Truck Sales by Type by Volume (2013) Brazilian Heavy Duty Truck Production (2007-2013) Heavy Duty Mid Duty Light Duty Mini Duty 2007 2008 2009 2010 2011 2012 2013 (‘000Units) 2006 2007 2008 2009 2010 2011 2012 (‘000Units)
  6. 6. The largest heavy duty truck market is China, followed by North America. Brazil is the fastest growing market in the world.  Trucking is the dominant mode of freight transportation in the world. This industry enjoyed its best year in 2013 since the recession of 2008- 09. As of 2013, the truck industry has witnessed a growth of …%, accounting for … million sales volumes from … million in the prior year. China, Japan and Brazil were the strongest markets in truck industry in 2013. The truck sales are anticipated to reach … million by 2018, depicting a CAGR of….% in the period spanning 2013-2018.  The global heavy duty truck registrations are anticipated to reach … million units by 2017 compared to … million units in 2013. For 2014, the market is expected to grow by …%, compared to 2013, to reach … million registrations. The steadily improving transport and logistics networks globally are the drivers of the outperformance of heavy duty trucks. Global heavy duty truck registrations are expected to grow at a CAGR of …% for the period spanning 2013-2017.  In 2013, in terms of value, the Volvo group held the largest share of ….% in the heavy duty truck market, immediately followed by Daimler and PACCAR with ….% and ….% respective share. In terms of volume, Daimler leads the industry accounting for ….% share in 2013. Volvo Group and PACCAR accounted for ….% and ….% share, respectively. Note: Market attractiveness is inverse of penetration. Low penetration means high attractiveness and vice-versa 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E MillionUnits Global Truck Sales by Volume (2010-2018E) 2009 2010 2011 2012 2013 2014F 2015F 2016F 2017F MillionUnits Global Heavy Duty Truck Registrations (2009-2017F)
  7. 7. Koncept Analytics CS-36, Second Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. – 201010 T. +91-120-4130959 C: +91-9811715635 vikas@konceptanalytics.com Contact Us: www.konceptanalytics.com Vikas Gupta BD Manager These are abridged and sanitized sample pages from the comprehensive report on the “ Global Heavy Duty Truck Market Report”. To know more about this report or for any customized research requirement, please contact the following: View Report Details

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