TechNavio today launched its report Global Heavy Truck Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers and understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Automotive team said; ”The increasing demand for low-cost trucks that can be priced 20 percent lower than similar trucks has led the various truck manufacturers to introduce low-cost truck models. The global volume of production in the Low-cost Truck market is expected to grow enormously by 2015. With the rising demand for low-cost trucks from customers, truck manufacturers have introduced 28 new low-cost truck models and platforms in the forecast period, which will further enhance the Global Heavy truck market.”
According to the report, the increasing growth of the Global Transportation market has directly led the demand for commercial vehicles and trucks globally. The Global Transportation market will earn tremendous revenue in 2012. The Global Transportation Service market is expected to grow massively by 2015. The continuous growth of the Global Transportation market has propelled the demand for trucks and thus the growth of the Global Heavy Truck market.
Further, the report also discusses that the increasing total cost of ownership is acting as a growth inhibitor for the Global Heavy Truck market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-heavy-truck-market-2011-2015
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TechNavio Announces the Publication of its Report – Global Heavy Truck Market 2011-2015
