TechNavio's analysts forecast the Global Heavy Truck market to grow at a CAGR of 4.87 percent in terms of units sold over the period 2011-2015. One of the key factors for this growth is the increasing growth of the Global Transportation market, which is the largest user of the trucks globally. The Global Heavy Truck market has also been witnessing the rising demand of heavy trucks from the BRIC countries because of steady economic growth in these countries. However, the increasing total cost of ownership is acting as a barrier to the market growth.
TechNavio's report, the Global Heavy Truck Market 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Heavy Truck market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. The scope of this report includes the market for heavy trucks that have a gross vehicle weight of over six tones including trucks, buses, and coaches.
Key vendors dominating this market space include China First Automobile Works Group Corp., Dongfeng Motor Corp., China National Heavy Duty Truck Group Co. Ltd., and Daimler AG
Other vendors mentioned in the report: Tata Motors Ltd., Volvo AB, Beijing Auto Industry Corp., MAN Truck & Bus AG, Ashok Leyland Ltd., Paccar Inc., Toyota Motor Corp., Navistar International Corp., and Isuzu Motors Ltd.
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