High-Performance Trucks Market worth 2.5 Million Units by 2025

1. MarketsandMarkets Presents High-Performance Trucks Market worth 2.5 Million Units by 2025 https://www.marketsandmarkets.com/Market-Reports/high-performance-truck-market-27670150.html

2. The report "High-Performance Trucks Market by Type (Pickup, M&HDV), Power Output (250-400, 401-550, >550 HP), Application (Dumping, Distribution, Refrigeration, Container, Tanker, RMC), Fuel Type, Transmission Type, and Region - Global Forecast to 2025“ The high-performance trucks market is projected to grow at a CAGR of 4.06% during the forecast period, and the market size is projected to reach 2.5 Million units by 2025 from 1.8 Million units in 2017 . The increasing demand for higher power output engines for applications such as refrigeration, dumping, containers, and others and the increasing demand for efficient logistics operations are the key reason, which would trigger the growth of the high-performance trucks market. Get The PDF Brochure For This Report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27670150 Browse 74 market data Tables and 61 Figures spread through 181 Pages and in-depth TOC on "High-Performance Trucks Market” https://www.marketsandmarkets.com/Market-Reports/high-performance-truck-market-27670150.html

3. The 250–400 hp segment is estimated to hold the largest share in the high-performance trucks market by power output. The 250–400 hp power output segment registers the highest market in Asia Oceania followed by North America. In China, around 70–75% of the high-performance trucks have power output between 250–400 hp with key models such as FW 5000 Class 8 trucks, Dayun Group 4000 series trucks, CNHTC Howo trucks, and others. This power output segment includes most of the pickup trucks, such as Toyota Tundra, Chevrolet Silverado 1500, Ford-150, Ford F-250 Super Duty, Chevrolet Silverado 2500 HD, and others.. The LNG-fueled high-performance trucks segment is estimated to be the fastest growing among the high-performance trucks market. The increasing stringency in emission norms across the globe has forced OEMs to develop low-emission alternative fuel trucks. For instance, under the Euro III norms, the NOx emission level was set at 5.0 g/kWh, which then declined by around 92% to reach 0.4 g/kWh under Euro VI norms. Governments of many regions such as Europe and the US are focusing on the deployment of more alternative fueling station and promoting alternative commercial vehicles. According to European Alternative Fuel Observatory, LNG stations increased significantly in Europe from 2008 to 2015.  Request Sample of the report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=27670150

4. Asia Oceania is estimated to be the leading market for high-performance trucks. Transportation plays a significant role in Asia’s economy. Hence, the heavy-duty trucking industry is flourishing continuously in this region. The booming logistics sector and a strong shift toward high-load freight transport are expected to drive the growth of high load capacity trucks in this region. Also, owing to revised regulatory norms for fuel economy standards and axle loading, OEM and Tier I suppliers are focusing toward the development of high-performance engines with high torque capacity. The Tier-I suppliers profiled in the report include Cummins (US), ZF (Germany), Allison (US), and Eaton (Ireland). These systems and components are supplied to automotive OEMs such as Volvo (Sweden), Daimler (Germany), Scania (Sweden), Ford (US), GMC (US), and others. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=27670150

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