Market Overview:
The global combination trucks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for transportation and logistics services, rising investments in oil and gas industry, and growing infrastructure development activities across the globe. Based on type, the light combination truck segment is projected to lead the global combination trucks market during the forecast period from 2018 to 2030. This segment is expected to grow at a CAGR of 6% during this period. The growth in this segment can be attributed to increasing demand for light commercial vehicles for last-mile delivery services across various regions. Based on application, transportation industry accounted for majority share of 54% in 2017 and is projected dominate throughoutthe forecast period from2018to2030 owing toprominentgrowthin Asia Pacificand Latin America region .
Product Definition:
A combination truck is a truck that has a towing hitch in the rear and can also be used to carry cargo. This type of truck is important for businesses that need to transport both people and cargo.
Light Combination Truck:
Light combination trucks are used to transport light goods such as construction materials, furniture, and small packages. They have a lower load capacity than heavy trucks but can be used for shorter distances. The demand for these vehicles is expected to grow at a faster rate owing to the factors such as cost efficiency and better utilization of resources.
The growth in global trade & transportation is expected to drive the demand over the forecast period.
Medium Combination Truck:
The medium combination truck is a type of goods transportation vehicle that can carry both heavy and light goods at the same time. It has a capacity between 8,000 to 12,000 pounds. Medium-combination trucks are commonly used for transporting furniture, construction materials such as concrete blocks and bricks, small appliances such as computers and TVs among others. They are also used in intra-city deliveries for last-mile delivery of products.
Application Insights:
The transportation industry accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The combination trucks, with a capacity of more than 10 ton, are extensively used in the transportation industry as they can be driven on roads and also used for hauling goods from one place to another. These vehicles have a high load-bearing capacity which makes them suitable for long journeys.
The oil and gas industry is anticipated to emerge as one of the prominent application industries over the forecast period owing to rising demand for petroleum products across various regions including Asia Pacific, North America, and Europe. In addition, growing investments by governments in various countries including China India Australia South Korea Japan are projected to propel growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising exports and domestic demand. China, India, Japan, South Korea are some of the prominent markets in Asia Pacific that have witnessed significant growth owing to various factors such as rapid urbanization along with industrialization; growing population; technological advancements; and government initiatives for infrastructure development.
The Middle East & Africa is anticipated to be one of the fastest-growing regions over the forecast period owing to increasing oil production mainly from Saudi Arabia along with other countries such as Kuwait, UAE and Qatar.
Growth Factors:
- Increasing demand for goods and services due to rising population and income levels in developing countries
- Rapid urbanization, which is resulting in the development of new markets for goods and services
- Technological advancements that are making transportation more efficient and reducing costs
- Growing environmental awareness, which is encouraging the use of more sustainable transportation options
- The increasing popularity of e-commerce, which is creating a need for more delivery vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Combination Trucks Market Research Report
By Type
Light Combination Truck, Medium Combination Truck, Heavy Combination Truck
By Application
Transportation Industry, Oil and Gas Industry, Other
By Companies
MAN, Iveco, Hino, Navistar International, Dongfeng, TATA Motors, Avery Weigh-Tronix, Chandler Equipment, Spoutvac Industries, Daimler, Volvo, Paccar, Scania
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Combination Trucks Market Report Segments:
The global Combination Trucks market is segmented on the basis of:
Types
Light Combination Truck, Medium Combination Truck, Heavy Combination Truck
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation Industry, Oil and Gas Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MAN
- Iveco
- Hino
- Navistar International
- Dongfeng
- TATA Motors
- Avery Weigh-Tronix
- Chandler Equipment
- Spoutvac Industries
- Daimler
- Volvo
- Paccar
- Scania
Highlights of The Combination Trucks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light Combination Truck
- Medium Combination Truck
- Heavy Combination Truck
- By Application:
- Transportation Industry
- Oil and Gas Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Combination Trucks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Combination trucks are a type of truck that can be used for both cargo and passenger transportation. They typically have a cargo area in the front, and a passenger area in the back.
Some of the major players in the combination trucks market are MAN, Iveco, Hino, Navistar International, Dongfeng, TATA Motors, Avery Weigh-Tronix, Chandler Equipment, Spoutvac Industries, Daimler, Volvo, Paccar, Scania.
The combination trucks market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Combination Trucks Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Combination Trucks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Combination Trucks Market - Supply Chain
4.5. Global Combination Trucks Market Forecast
4.5.1. Combination Trucks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Combination Trucks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Combination Trucks Market Absolute $ Opportunity
5. Global Combination Trucks Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Combination Trucks Market Size and Volume Forecast by Type
5.3.1. Light Combination Truck
5.3.2. Medium Combination Truck
5.3.3. Heavy Combination Truck
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Combination Trucks Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Combination Trucks Market Size and Volume Forecast by Application
6.3.1. Transportation Industry
6.3.2. Oil and Gas Industry
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Combination Trucks Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Combination Trucks Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Combination Trucks Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Combination Trucks Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Combination Trucks Demand Share Forecast, 2019-2026
9. North America Combination Trucks Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Combination Trucks Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Combination Trucks Market Size and Volume Forecast by Application
9.4.1. Transportation Industry
9.4.2. Oil and Gas Industry
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Combination Trucks Market Size and Volume Forecast by Type
9.7.1. Light Combination Truck
9.7.2. Medium Combination Truck
9.7.3. Heavy Combination Truck
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Combination Trucks Demand Share Forecast, 2019-2026
10. Latin America Combination Trucks Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Combination Trucks Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Combination Trucks Market Size and Volume Forecast by Application
10.4.1. Transportation Industry
10.4.2. Oil and Gas Industry
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Combination Trucks Market Size and Volume Forecast by Type
10.7.1. Light Combination Truck
10.7.2. Medium Combination Truck
10.7.3. Heavy Combination Truck
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Combination Trucks Demand Share Forecast, 2019-2026
11. Europe Combination Trucks Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Combination Trucks Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Combination Trucks Market Size and Volume Forecast by Application
11.4.1. Transportation Industry
11.4.2. Oil and Gas Industry
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Combination Trucks Market Size and Volume Forecast by Type
11.7.1. Light Combination Truck
11.7.2. Medium Combination Truck
11.7.3. Heavy Combination Truck
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Combination Trucks Demand Share, 2019-2026
12. Asia Pacific Combination Trucks Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Combination Trucks Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Combination Trucks Market Size and Volume Forecast by Application
12.4.1. Transportation Industry
12.4.2. Oil and Gas Industry
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Combination Trucks Market Size and Volume Forecast by Type
12.7.1. Light Combination Truck
12.7.2. Medium Combination Truck
12.7.3. Heavy Combination Truck
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Combination Trucks Demand Share, 2019-2026
13. Middle East & Africa Combination Trucks Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Combination Trucks Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Combination Trucks Market Size and Volume Forecast by Application
13.4.1. Transportation Industry
13.4.2. Oil and Gas Industry
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Combination Trucks Market Size and Volume Forecast by Type
13.7.1. Light Combination Truck
13.7.2. Medium Combination Truck
13.7.3. Heavy Combination Truck
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Combination Trucks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Combination Trucks Market: Market Share Analysis
14.2. Combination Trucks Distributors and Customers
14.3. Combination Trucks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. MAN
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Iveco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hino
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Navistar International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dongfeng
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TATA Motors
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Avery Weigh-Tronix
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Chandler Equipment
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Spoutvac Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Daimler
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Volvo
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Paccar
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Scania
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook