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Heavy-Duty Trucks Market 2020-2026; Growth Forecast & Industry Share Report

Heavy duty trucks market size is garnering considerable growth worldwide attributing to the surging domestic and international trading activities. Substantial increase in the adoption of heavy-duty trucks for catering the construction and logistics industries has augmented the market demand during 2019-2025.

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Heavy-Duty Trucks Market 2020-2026; Growth Forecast & Industry Share Report

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  1. Heavy-Duty Trucks Market Growth Potential & Forecast, 2026

  2. KeyInsights Heavy Duty Trucks Market: • Heavy duty trucks market is garnering considerable growth worldwide attributing to the surging domestic and international trading activities. Substantial increase in the adoption of heavy-duty trucks for catering the construction and logistics industries has augmented the market demand during 2019-2025. • The competitive landscape of heavy-duty trucks witnesses various industry mammoths investing heavily in the research and development with an intent to manufacture robust engines. In fact, the automotive giant Tesla in 2017 rolled out its electric class 8 Semi Truck featuring advanced technologies, thereby contributing to the industry expansion.

  3. Continued… • A paradigm shift towards the adoption of downsized engines in tandem with smart hybrid technologies with an intent to enhance the fuel efficiency have triggered the business growth. As a matter of fact, several industry players are introducing multiple variants of trucks with varied payload capacities and engine configurations to serve a diverse range of customers, eventually proliferating the industry size. • The onset of technological developments such as autonomous driving, enhancements in engine systems, tire pressure management, and others are supplementing the industry expansion over the forecast period. • Moreover, stringent regulatory norms addressing the improvement in global transportation network are also fostering the market growth.

  4. Latest Research Heavy-Duty Trucks Market@ https://bit.ly/2XKuCdw Request for a Sample Copy of This Research Report @ https://bit.ly/3kySTNk

  5. Major Companies Heavy-Duty Trucks Market: • IBM Corporation • McAfee • Kaspersky Lab. • Microsoft Corporation • Panda security • Sophos Ltd. • Symantec Corp

  6. Regional Heavy-Duty Trucks Market: • APAC has been considered to be an outpacing region for the global heavy-duty trucks market since the last few years and is projected to progress at a prodigious pace in the ensuing years. This growth can be aptly attributed to the burgeoning commercialization, advent of advanced manufacturing plants, and adoption of technologically innovated vehicles across the region. • Furthermore, rising demands for heavy-duty trucks from the growing economies of the region like China, India, and Japan would propel the business growth. • In terms of the geographical growth, North America is predicted to emerge as a strong contender in the global heavy-duty trucks market accounting to the dominance of major manufacturers in the region. Some key factors impelling the regional growth include, escalating freight demands, increasing affluence amongst the developing nations, and expanding industrial and construction activities.

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