The Global Heavy Trucks Market Report by The Business Research Company covers heavy trucks market drivers and restraints, heavy trucks market size, major players, and the impact of COVID-19 on the heavy trucks market.

The heavy trucks market consists of sales of heavy trucks and related services by entities (organizations, sole traders and partnerships) that produce complete heavy trucks and vehicles for the purpose of transporting bulk goods. Only goods and services traded between entities or sold to end consumers are included.

Growth in the demand for heavy trucks from end-users such as in construction, mining and other sectors is contributing to the growth of heavy trucks manufacturing market. The global heavy trucks market is expected to grow from $201.52 billion in 2020 to $221.85 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $330.32 billion in 2025 at a CAGR of 10.5%.

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Some heavy trucks market trends include vehicles fitted with advanced driver-assistive technologies and safety features. Advanced driver-assistive technologies include features like Collision Mitigation System (CMS) and a Lane Departure Warning System (LDWS) aiming to reduce road accidents and increase vehicle safety.

Global heavy trucks market segments include:

1) By Type: Class 5, Class 6, Class 7, Class 8.

2) By Fuel: Diesel, Natural Gas, Hybrid Electric, Gasoline.

3) By Application: Construction and Mining, Freight and Logistics, Others.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Heavy Trucks Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides heavy trucks market overviews, analyzes and forecasts market size, share, heavy trucks market players, heavy trucks market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The heavy trucks market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Heavy Trucks Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Volvo Trucks, Daimler, Paccar, Isuzu Motors Ltd, TATA motors, Eicher Motors Ltd, Dongfeng Motor Group Company Ltd, Navistar, Ford Motor Company, Volkswagen, MAN, Dongfeng, FAW, CNHTC, Scania AB, Ashok Leyland, Kenworth, Oshkosh Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Heavy Trucks Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Heavy Trucks Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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