- The key vendors in the Global Heavy Duty Truck Market 2014-2018 are Daimler AG, Dongfeng Motor Group Co. Ltd., Tata Motors Ltd., Volkswagen AG and Volvo AB.
London, 28 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Heavy Duty Truck Market 2014-2018. 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. The Global Heavy Duty Truck market is expected to post a CAGR of 6.36 percent during 2013-2018
“With vendor competition and saturated markets, most global heavy duty truck vendors have shifted their focus to these regions for new growth avenues to increase their market shares,” says Faisal Ghaus, Vice President of TechNavio Research.
“This gives an opportunity to various heavy duty truck vendors to promote their products and solutions across emerging markets.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
