TechNavio today launched its report Medium and Heavy Truck Market in BRIC 2011-2015 based on an in-depth market analysis focusing exclusively on Brazil, Russia, India, and China. The report aims to aid decision makers’ 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 commercial vehicles in Brazil, Russia, India, and China is one of the major trends in the Medium and Heavy Truck market in BRIC. Low-cost commercial vehicles are priced 20 percent lower than commercial vehicles of similar gross weight. This has led various truck manufacturers to introduce low-cost truck models. The global volume of production in the Low-cost Truck market is expected to increase by 2015. With the rising demand for low-cost trucks from customers, truck manufacturers are expected to introduce 28 new low-cost truck models during the forecast period, which will further increase the growth in the Medium and Heavy Truck market in BRIC.”
According to the report, one of the major drivers is the strong and steady economic growth in BRIC. This growth directly influences the demand for trucks from the Transport and Logistics industry.
Further, the report discusses that the lack of infrastructure and standards for alternative fuel vehicles is one of the major challenges faced by the 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 vendors. For further information on this report, please visit https://www.technavio.com/content/medium-and-heavy-truck-market-bric-2011…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report – Medium and Heavy Truck Market in BRIC 2011-2015
