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Heavy Haul Truck Market Trends

Report ID: GMI9271
Published Date: Apr 2024
Report Format: PDF

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Heavy Haul Truck Market Trends

Rising research and developments are reshaping the heavy haul truck industry, particularly in heavy haul trucks. One significant trend is the integration of advanced technologies to improve efficiency and performance. Heavy haul trucks are being equipped with innovative powertrain systems, including electric and hybrid options, to reduce fuel consumption and emissions.

Moreover, aerodynamic designs and lightweight materials enhance fuel efficiency without compromising strength. Another trend is the focus on driver comfort and safety. Long-haul trucks are being equipped with advanced driver assistance systems (ADAS) and collision avoidance technologies to enhance road safety. Besides, ergonomic cab designs and amenities like improved sleeper berths are prioritized to ensure driver comfort during long journeys. Furthermore, the rise of connectivity and data analytics enables fleet managers to monitor truck performance in real time, optimizing maintenance schedules and reducing downtime. These trends signify a shift towards more sustainable, efficient, and driver-friendly long-haul trucks in the market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of heavy haul truck reached USD 34.5 billion in 2023 and is set to witness 6% CAGR between 2024 & 2032, led by rising investments in R&D activities.

The diesel segment held over 80% of the market share in 2023, due to its energy density and widespread availability.

Asia Pacific market accounted for 60% share in 2023, attributed to rapid urbanization, infrastructure development, and industrial growth.

Volvo, Eicher Motor Limited, Ford Motor Company, Freightliner, GMC (General Motors Truck Company), Hino Motors, International Truck (Navistar), Isuzu Motors, Kenworth, Mack Trucks and MAN SE.