Heavy Commercial Vehicle Market

Heavy Commercial Vehicle Market by Application Type, Axle and Geography - Trends & Forecasts to 2019

Report Code: UC 1334 Sep, 2020, by marketsandmarkets.com
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A heavy commercial vehicle according to the OICA (Organization Internationale des Constructeurs d’Automobiles) is those vehicles whose weight is more than 7 tons. The basic function of heavy commercial vehicles is transportation of people, goods and services. There are various systems that are used in the construct of the Heavy commercial vehicle like: Interior system, exterior system, chassis system, suspension system and many others. As per OICA the production of HCVs in the year 2012 was 4448.2 thousand units. In the coming years there is an increasing demand for Heavy commercial vehicles in the regions of Europe and Asia-Oceania, mainly in China, India and Japan, is expected to drive the market for more advanced heavy commercial vehicles. Rapid industrialization, development of road infrastructure, and stable rise in commercial activity, particularly with regard to logistics, distribution and public transportation will drive growth in Asia-Oceania markets.

The report covers the market for automotive heavy commercial market in terms of volume and value. The market volume is provided in terms of thousand units; whereas the value for the market is provided in terms of $million from 2014 to 2019. The automotive Heavy commercial vehicles market is broadly segmented by Fuel type (Gasoline and Diesel). The market is further segmented by Application type (Bus, Coach, Tractor, Truck, construction Equipment and Trailer), By Axles type (2 Axles, 3-4 Axles, 5 and above Axles), and geography (Asia-Pacific, Europe, North America & ROW) focusing on key countries in each region.

This report classifies and defines the automobile heavy commercial vehicle market volume and value. It also delivers qualitative insights about the types of heavy commercial vehicle and its key systems. The report also gives a wide-ranging review of the market drivers, restraints, opportunities, challenges, and key issues in the automotive heavy commercial vehicle market. The report also gives insight on the winning imperative that a company can adopt to stand out separately amongst all others and also an issue that is most prevailing in the industry as whole. The key players in the market for automobile heavy commercial vehicle have also been identified and profiled.


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