Heavy Duty Truck Market in Europe to grow at a CAGR of 4.78% over the period 2014-2019; Finds New Report

Report forecast the heavy duty truck market in Europe to grow at a CAGR of 4.78% over the period 2014-2019.

A truck is used to transport materials and other goods from one place to another. The various categories of trucks include light trucks, medium trucks, and heavy duty trucks. Heavy duty trucks have a GVWR greater than 26,000 lb and are used to perform heavy work such as loading/pick-up and concrete mixer applications used in construction. The fuel economy of heavy trucks in the market has a potential for substantial long-term gains. Also, the economic competitiveness of natural gas will lead to market drift toward natural gas-powered trucks in the near future.

The report covers the present scenario and the growth prospects of the heavy duty truck market in Europe for the period 2015-2019.

According to the report, the fuel economy standards or regulations in Europe are encouraging the production of new trucks in the region. Governments in Europe are in the process of rolling out emission-related norms for heavy duty trucks in addition to passenger vehicles and light commercial vehicles. The European Commission proposed Euro 6 in 2007 to reduce the emission of NOx from trucks by nearly 80% and PM by nearly 66%.

The Heavy Duty Truck Market in Europe, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the European regions; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Countries

• France 
• Germany
• UK

Key players in Heavy Duty Trucks Market in Europe 2015-2019:  DAF Trucks, Daimler, MAN, Scania and Volvo Group

Other Prominent Vendors in the market are: Anhui Jianghuai Automobile, Ashok Leyland, Isuzu Motors, Iveco, KAMAZ, PACCAR and Tata Motors

Key Market Driver

• Stringent standards to reduce emissions
• For a full, detailed list, view our report

Key Market Challenge

• Short lead time for innovation
• For a full, detailed list, view our report

Key Market Trend

• Increased value-added services by OEMs
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 62 pages, “Heavy Duty Trucks Market in Europe 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://mrr.cm/4ss

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