-- According to report Market for High-Performance Trucks is to see 4% growth rate during forecast period of 2019 to 2023. Report provides High-Performance Trucks Market Trends, Growth, Opportunity Analysis, with Global Forecast To 2023.
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Market Overview:
Global High-Performance Trucks Market is segmented by Transmission Type (Automatic, Manual And Semi-Automatic), Vehicle Type (Conventional Pickups, Crew Cab, Sports Trucks, Long-Haul Trucks And Others), Application (Dumping, Distribution, Refrigeration, Container, Tanker And Others), Engine (Gasoline, Diesel And Others) And By Region.
Acknowledging the kind of accruals the market is gaining currently, Market Research Future (MRFR) has recently published a study report giving out the complete market insight up to 2023. In its study report, MRFR asserts that the global high-performance truck market will garner an exponential value by 2023 registering a CAGR of approx.4 % between 2017 and 2023.
The major factors contributing in the growth of the global high-performance truck market are the introduction of stringent emission norms by the government of various developing and developed nations, and the increase in the supply of temperature-sensitive material. This is leading to an increase in the demand for refrigerated high-performance trucks, the growth of organized retail industry majorly in developing economies, and the increase in demand for frozen perishable commodities and the significant growth in the infrastructure. However, the growth of the high-performance trucks market is expected to be restrained by the huge cost of manufacturing and the limited scope of electrification of such high-performance trucks. However, the introduction of electric high-performance trucks with advanced features for ensuring better performance and enhanced driver comfort is expected to generate huge opportunities over the forecast period.
Market Segmentation:
Based on transmission type, the market has been segmented as Automatic, Manual and Semi-automatic. Amongst these, the semi-automatic segment is projected to be the fastest growing segment owing to the benefits provided by such transmission such as comfort similar to the automatic transmission system and fuel efficiency which is also achieved by manual transmission. Also, the low cost of semi-automatic transmission as compared to the automatic transmission system is leading due to an increase in the use of the developing and the cost-sensitive region such as the Asia Pacific.
Regional Market Analysis:
Asia Pacific market for high-performance trucks is projected to lead the global market followed by the markets in North America and Europe region respectively. Booming construction industry coupled with the growing population in China, Indonesia & India attributes the regional growth. Same trends will be contributing to the market growth in the future as well.
The major factors substantiating the market growth include the introduction of regulatory developments such as emission control norms, axle loading, and the shift in consumer preferences towards premium trucks. The increasing infrastructure projects in India, South Korea, China, and Japan are expected to generate huge demand for high-performance dumping trucks in the region.
The US is a lucrative market too, showcasing a range of high-performance trucks. Furthermore, the sales of passenger cars and SUVs and trucks were almost at parity just a few years ago, but with the exception of a spike in 2012, car sales have fallen while truck sales have risen. The trend is expected to continue substantiating the market growth in the US as eventually in the North America Region.
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
Continued…
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: abhishek sawant
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Organization: Market Research Future
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Website: https://www.marketresearchfuture.com/reports/high-performance-trucks-market-5557
Release ID: 498587
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