Market Overview:
The global truck Carnet market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for commercial vehicles, especially in the Asia Pacific region. The OEM segment is expected to hold a major share of the global truck Carnet market during the forecast period, owing to the increasing demand for new trucks and rising awareness about Carnets among fleet operators and truck drivers. The aftermarket segment is projected to grow at a higher CAGR than the OEM segment during the forecast period, as it offers replacement parts and services for older trucks. By application, less than 3MT trucks are expected to account for a majority ofthe global truck Carnet market duringthe forecastperiod, dueto their high adoption rates in emerging economies such as Chinaand India .
Product Definition:
A truck carnet is a document that allows the holder to temporarily import their truck into another country without paying customs duties or taxes. The document also serves as a passport for the truck, allowing the driver to cross borders without having to show additional documentation. Truck carnet's are important because they save drivers time and money by eliminating the need to pay custom duties and taxes on each border crossing.
OEM:
OEM (Original Equipment Manufacturer) is a company that manufactures the product directly, unlike aftermarket companies who sell products on retail shelves. OEMs are more profitable as they have complete control over production and can fix any problems that may occur during manufacturing.
Aftermarket:
Aftermarket is the second hand or used goods in the automotive industry. The automotive aftermarket consists of two parts, namely new car aftersales and used car aftersales. Aftersales services are performed for vehicles that have been manufactured either by OEM (Original Equipment Manufacturers) or OE (Original Equipment). These services include diagnosis and repair of vehicle problems at a cost-effective rate.
Application Insights:
The application segment is bifurcated into less than 3-ton, 3 to 12-ton and more than 12 tons. In 2017, the less than 3-ton vehicle category dominated the global truck carnet market with a share of over 60.0%. The segment is expected to retain its dominance throughout the forecast period owing to increasing demand for light commercial vehicles in developing countries such as India and China.
The major factors responsible for this growth include growing manufacturing sectors in both countries along with an increase in their trade activities across various commodities including food grains that are transported through trucks. Furthermore, these markets are also anticipated to witness significant growth on account of increasing foreign investments coupled with strong government support towards improving infrastructure development which will further propel product demand over the next few years.
Regional Analysis:
The Asia Pacific dominated the global truck carnet market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing trade activities across emerging economies, such as China and India. Furthermore, rising investments in infrastructure development are anticipated to drive demand for heavy-duty trucks over the next eight years.
North America is projected to grow at a significant rate from 2018 to 2030 owing to stringent regulations by government agencies, such as U.S Department of Transportation (DOT) and Canadian Transportation Agency (CTA). These regulatory policies force manufacturers operating within these regions adhere 2-wheeler safety standards while manufacturing commercial vehicles above 3 tons capacity; thus driving demand for aftermarket insurance products among drivers of these vehicles.
Europe held a considerable share in 2017 owing her large automotive industry presence across countries like Germany, France.
Growth Factors:
- Increasing demand for goods transportation by road is expected to drive the truck Carnet market growth.
- Proliferation of e-commerce is anticipated to fuel the truck Carnet market growth as it leads to an increase in the number of trucks on the road for delivering goods.
- The increasing trend of globalization is expected to result in an increase in international trade, which will subsequently boost demand for truck Carnets.
- The growing automotive industry is projected to create opportunities for the truck Carnet market during the forecast period. 5 Truck carnets offer tax and duty exemptions on temporarily imported vehicles, which makes them a preferred mode of transport for automotive companies
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Carnet Market Research Report
By Type
OEM, Aftermarket
By Application
Less than3MT, 3-12MT, More than 12MT
By Companies
Google, Baidu, Alibaba, Tencent, ATA, Nokia, Apple, Uber
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Truck Carnet Market Report Segments:
The global Truck Carnet market is segmented on the basis of:
Types
OEM, Aftermarket
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
Less than3MT, 3-12MT, More than 12MT
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:
- Google
- Baidu
- Alibaba
- Tencent
- ATA
- Nokia
- Apple
- Uber
Highlights of The Truck Carnet 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:
- OEM
- Aftermarket
- By Application:
- Less than3MT
- 3-12MT
- More than 12MT
- 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 Truck Carnet 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?
A truck carnet is a document that proves that the driver of a truck has the necessary permits and insurance to operate the vehicle.
Some of the major players in the truck carnet market are Google, Baidu, Alibaba, Tencent, ATA, Nokia, Apple, Uber.
The truck carnet market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Truck Carnet Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Truck Carnet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Truck Carnet Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Truck Carnet Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Truck Carnet Market Size & Forecast, 2018-2028
4.5.1 Truck Carnet Market Size and Y-o-Y Growth
4.5.2 Truck Carnet Market Absolute $ Opportunity
Chapter 5 Global Truck Carnet Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Truck Carnet Market Size Forecast by Type
5.2.1 OEM
5.2.2 Aftermarket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Truck Carnet Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Truck Carnet Market Size Forecast by Applications
6.2.1 Less than3MT
6.2.2 3-12MT
6.2.3 More than 12MT
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Truck Carnet Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Truck Carnet Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Truck Carnet Analysis and Forecast
9.1 Introduction
9.2 North America Truck Carnet Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Truck Carnet Market Size Forecast by Type
9.6.1 OEM
9.6.2 Aftermarket
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Truck Carnet Market Size Forecast by Applications
9.10.1 Less than3MT
9.10.2 3-12MT
9.10.3 More than 12MT
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Truck Carnet Analysis and Forecast
10.1 Introduction
10.2 Europe Truck Carnet Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Truck Carnet Market Size Forecast by Type
10.6.1 OEM
10.6.2 Aftermarket
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Truck Carnet Market Size Forecast by Applications
10.10.1 Less than3MT
10.10.2 3-12MT
10.10.3 More than 12MT
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Truck Carnet Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Truck Carnet Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Truck Carnet Market Size Forecast by Type
11.6.1 OEM
11.6.2 Aftermarket
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Truck Carnet Market Size Forecast by Applications
11.10.1 Less than3MT
11.10.2 3-12MT
11.10.3 More than 12MT
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Truck Carnet Analysis and Forecast
12.1 Introduction
12.2 Latin America Truck Carnet Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Truck Carnet Market Size Forecast by Type
12.6.1 OEM
12.6.2 Aftermarket
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Truck Carnet Market Size Forecast by Applications
12.10.1 Less than3MT
12.10.2 3-12MT
12.10.3 More than 12MT
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Truck Carnet Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Truck Carnet Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Truck Carnet Market Size Forecast by Type
13.6.1 OEM
13.6.2 Aftermarket
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Truck Carnet Market Size Forecast by Applications
13.10.1 Less than3MT
13.10.2 3-12MT
13.10.3 More than 12MT
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Truck Carnet Market: Competitive Dashboard
14.2 Global Truck Carnet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Google
14.3.2 Baidu
14.3.3 Alibaba
14.3.4 Tencent
14.3.5 ATA
14.3.6 Nokia
14.3.7 Apple
14.3.8 Uber
