May 30, 2023

The Global medium & heavy truck market registered a steady year in 2022 with the demand for new & used trucks outpacing supply across most key global markets with the exception of China. The industry OEMs have been looking to increase production rates to meet surging demand levels, with the book-to-bill ratios staying around 1, while battling continued supply chain disruptions & constraints, component shortages, rising input costs and an increasingly uncertain global macroeconomic environment marked by inflation pressures, rising interest rates & tectonic geopolitical shifts. The trucking industry's ongoing transition towards de-carbonization, led by the mass production of battery electric & hydrogen fuel cell based trucks, is the overarching theme and is likely to gain further momentum going forward. Most key industry OEMs are now transitioning towards series production of Zero Emission Vehicles (ZEV) while also collaborating amongst each other and with domain specialists for development of the requisite ecosystem for transition towards sustainability. Additionally, automation, electrification and further evolution of connectivity based service models configured on digitalization remain key areas of focus for the truck manufacturers The high average age of in-service truck fleets across most markets owing to production capacity constraints over the recent years, rapid energy transition towards de-carbonization and strong construction activity with continued infrastructure investments are likely to collectively provide significant growth opportunities to the industry over near to medium term in form of fleet replacements, expansion & recapitalizations, especially, in a volatile & uncertain crude oil price environment. That's despite projections for the slowdown of the world economy over near term owing to market hadwinds, the ongoing war in Ukraine and rising inflation levels necessitating monetary policy tightening by Central Banks globally Trucking, thus, is projected to maintain its overall cruising speed as well as growth momentum in 2023 across most markets with a year-on-year growth of up to 10% projected for traditional markets, i.e., North American Class 8 and EU30 market for heavy trucks, while the growth rate for emerging markets in Asia, led by China and India, is likely to be around 15% Against this backdrop, the report provides comprehensive insights & strategic analysis into the World's Top 5 Medium & Heavy Truck Manufacturers with focus on a blend of quantitative & qualitative analysis based on an assessment of their relative market positioning, capabilities, strategic responsiveness & resilience and the ability to adapt & navigate their way through market turbulence & effectively capitalize upon emerging, potential growth opportunities. Company Coverage: Comprehensive Analysis of Business Portfolio across Industry OEMs Strategic Market Positioning, Capabilities and Responsiveness Overarching Strategy Focus Section - 3: Comparative SWOT Analysis - Top 5 Industry OEMs Section - 4: Comparative Analysis of Strengths - Top 5 Industry OEMs Section - 5: Comparative Analysis of Weaknesses Section - 6: Strategy Focus, Priorities and Key Strategies & Plans for Near to Medium Term - Top 5 Industry OEMs Section - 7: Key Trends Section - 8: Key Issues, Challenges & Risk Factors Section - 9: Global Medium & Heavy Truck Market - Force Field Analysis - Analysis of Driving & Restraining Forces and their Overall Dynamics Section - 10: Strategic Market Outlook through 2026 Analysis of Emerging Market Scenario Demand Outlook & Growth Projections for the Global Medium & Heavy Truck Market through 2026 For more information about this report visit https://www.researchandmarkets.com/r/asbjpg About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Tags Contact Data CONTACT: ResearchAndMarkets.comLaura Wood,Senior Press Managerpress@researchandmarkets.comFor E.S.T Office Hours Call 1-917-300-0470For U.S./ CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900