TechNavio recognizes the following companies as the key players in the Truck Manufacturing Industry in the US: Chrysler Group LLC, Ford Motor Co., General Motors Co., and Toyota Motor Corp.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The increasing demand for trucks that run on hybrid engines is expected to contribute to the growth of the Truck Manufacturing industry in the US. The increasing number of advanced vehicle technology development projects in the US has become one of the major drivers for increasing demand for hybrid trucks in the country. The Department of Energy, the US, declared that it would spend more than US$175 million between 2011 and 2015 for the development of advanced vehicle technologies, which has further increased the demand for hybrid trucks.”
According to the report, the Truck Manufacturing industry in the US is driven by several factors, one of which is infrastructure development in the US. Rapid infrastructural development has led to an increase in the demand for trucks for construction, logistics, and other purposes.
Further, the report states that one of the major challenges in the market is the increasing total cost of ownership. As this affects the profit margins of business-to-business customers, customers are spending less on commercial vehicles.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Daimler AG, and Navistar International Corp.
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/truck-manufacturing-industry-us%C2%A0-2…
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 – Truck Manufacturing Industry in the US 2012-2016
