Press release
Global Truck Market Size to Grow at CAGR 7% till 2022: TechSci Research Report
Rapidly growing logistics sector, along with expanding construction and infrastructure sector is expected to propel demand for trucks across the globe through 2022According to TechSci Research report, “Global Truck Market By Application, By Tonnage Capacity, By Fuel Type, By Region, Competition Forecast & Opportunities, 2012 –2022”, the global truck market is projected to grow at CAGR 7% by 2022. Backed by growing number of infrastructure projects and rising demand from logistics sector across the globe, the demand for trucks is anticipated to surge during the forecast period. Furthermore, continuous improvements in road infrastructure is further likely to push demand for trucks through 2022 across developed as well as developing regions. Few of the major players operating in the global truck market include Daimler AG, AB Volvo, Isuzu Motors Ltd., Hyundai Motor Company, Scania AB, MAN Truck & Bus, Hino Motors, Tata Motors Limited, Ashok Leyland Limited, and Dongfeng Motor Corporation.
Browse 37 market data Tables and 284 Figures spread through 446 Pages and an in-depth TOC on "Global Truck Market" https://www.techsciresearch.com/report/global-truck-market/1790.html
With more than one-third of the volume share, trucks with the tonnage capacity of 3.5 tons to 7.5 tons dominated the global truck market in 2016 on the back of flourishing e-commerce industry and growing demand for last-mile connectivity. On the basis of applications, construction sector accounted for the largest share in global truck market due to rising number of construction activities across the globe. A large demand for truck emanates from Asia-Pacific due to the region’s high population density, growing consumer and industrial base and booming constructions and logistics industry.
“With booming e-commerce industry, demand for trucks is also likely to increase, globally. Furthermore, globalization coupled with the increasing demand for efficient supply chain to transport goods across the globe is boosting demand for trucks. In addition, growing preference for electric trucks, keeping in view the rising pollution levels, would positively influence the global truck market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Truck Market By Application, By Tonnage Capacity, By Fuel Type, By Region, Competition Forecast & Opportunities, 2012 –2022” has analyzed the potential of truck market globally, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the truck market across the globe.
Browse Related Reports
• Global Commercial Drone Market, 2015 – 2021: https://www.techsciresearch.com/report/global-commercial-drone-market-by-drone-type-rotary-blade-drone-fix-wing-drone-hybrid-drone-nano-drone-by-application-mapping-surveying-photography-precision-agriculture-etc-by-region-competition-forecast-opportunities-2015-2021/666.html.
• Global Bus Market, 2012 – 2022: https://www.techsciresearch.com/report/global-bus-market/1435.html#menu2
• India Electric Vehicle Market, FY2013 – FY2023: https://www.techsciresearch.com/report/india-electric-vehicle-market/1360.html#menu2
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
For more details mail us at sales@techsciresearch.com
Connect with us Socially on Twitter, LinkedIn
Get Brochure at: YouTube
To get more reports on truck market CLICK HERE
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
B – 44, Sector 57, Noida, National Capital Region
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Truck Market Size to Grow at CAGR 7% till 2022: TechSci Research Report here
News-ID: 1555288 • Views: …
More Releases from TechSci Research
Small Arms and Light Weapons Market to Grow at 6.59% CAGR Through 2029 - TechSci …
"Military modernization initiatives worldwide drive demand for advanced and modular SALW, emphasizing technological innovation are the factors driving Small Arms and Light Weapons market in the forecast period 2025-2029."
According to TechSci Research report, "Small Arms and Light Weapons Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029", The Global Small Arms and Light Weapons Market stood at USD 13.75 Billion in 2023 and is anticipated to grow…
Anticipating Growth: Luxury Sunglasses Market to Reach US$ 14.86 Billion with a …
TechSci Research's report on the "Global Luxury Sunglasses Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029" reveals that the market reached USD 14.86 billion in 2023, projecting a 4.2% CAGR from 2025 to 2029. This market segment thrives within the broader eyewear industry, offering high-end, premium sunglasses to discerning consumers seeking exclusivity and sophistication. Driven by evolving fashion trends, increasing disposable incomes, and growing brand consciousness, the…
Tea Bar Machine Market Projected to Achieve USD 1.54 Billion by 2028 | Insights …
TechSci Research's report, "Global Tea Bar Machine Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," states that the market reached USD 1.54 billion in 2022, with an expected 10.45% CAGR in the forecast period 2024-2028. The dynamic Tea Bar Machine Market experiences significant global growth, driven by changing consumer preferences for healthier, customizable beverages. Embracing technological advancements, including smart features and sustainability, the market meets commercial establishments'…
Electrolyte Drinks Market Projected to Reach USD 1.43 Billion with a Remarkable …
According to TechSci Research's "Global Electrolyte Drinks Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," the market reached USD 1.43 billion in 2022, with an expected 4.25% CAGR in the forecast period 2024-2028. The global electrolyte drinks market has transformed into a dynamic sector within the beverage industry, experiencing substantial growth driven by increased awareness of hydration importance, a health-conscious consumer base, and preferences for functional beverages.…
More Releases for Motor
SUV Market 2021 Precise Outlook- Honda Motor, Toyota Motor, Nissan Motor, Ford M …
The report presents an in-depth assessment of the SUV Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for SUV from 2021 till 2027. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and…
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in the number of…
Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status…
Micro Motor Industry - Johnson Electric, Siemens, Mitsuba Corporation, Nidec Mot …
Global Micro Motor Market is set to rise from its initial estimated value of USD 28.13 billion in 2018 to an estimated value of USD 39.86 billion, registering a CAGR of 4.45% in the forecast period of 2019-2026. This projected rise in the value can be attributed to the increasing applications and demand from the various segments of the market.
Get Sample Copy of this Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-micro-motor-market
Key Market Competitors: Global…
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator.
Access Full Report: https://www.alliedmarketresearch.com/electric-vehicle-motor-market
The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in…
Sports Utility Vehicle Market to 2025 – Suzuki Motor, PSA Group, FCA Group, Ho …
Sports utility Vehicles Market are the vehicles which appear as a station wagon designed for the off roads travelling which not only used for commercial purpose but for family purpose also providing high functionality with comfort and luxury and above built with enormous space too. One of the major driver for the growth of Sports Utility Vehicles market is the continual improvement in styling, comfort, outer body and systems in…
