DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3g89l8/global_heavy_duty) has announced the addition of the "Global Heavy Duty Truck Market 2014-2018" report to their offering.
The Global Heavy Duty Truck market to grow at a CAGR of 6.36 percent over the period 2013-2018.
A truck is a vehicle under the Commercial Vehicle segment used to transport materials and other things from one place to another. The various categories are light trucks, medium trucks, and heavy trucks. The heavy duty trucks are those which have a gross vehicle weight rating greater than 26,000 lb and are usually used for performing heavy duty work.
The report covers the entire range of heavy trucks that have a gross vehicle weight of over 6 tons including trucks, buses, and coaches.
One major trend in this market is outsourcing of manufacturing services to low-cost countries. This helps the truck manufacturers reduce their manufacturing costs and gives them an edge over their competitors.
According to the report, one of the key drivers of this market is the increase in mining activities, which has a positive impact on the demand for heavy duty trucks, resulting in the growth of the market.
Further, the report states that one of the major challenges in this market is the lack of product differentiation. The lack of product differentiation provides a lot of options for buyers to choose from, which adversely affects the profit margins of the manufacturers.
- Dongfeng Motor Group
- Tata Motors
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/3g89l8/global_heavy_duty