Market Overview:
The global high performance truck 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 high performance trucks in various applications such as dumping, distribution, refrigeration, container, tanker and ready mixed concrete (RMC). In addition, the growing demand for high performance trucks in emerging economies is also contributing to the growth of this market. However, volatility in fuel prices may restrain the growth of this market during the forecast period. On basis of type, pickup segment is expected to hold majority share in global high performance truck market during forecast period. This can be attributed to rising demand for pickups across globe due their versatility and efficiency in various applications such as commercial transportation and personal use.
Product Definition:
A high performance truck is a type of vehicle that has been modified or customized for increased speed and power. These trucks are often used in racing competitions, and can be very expensive to modify. The importance of high performance trucks lies in their ability to outperform other types of vehicles on the track or road.
Pickup:
The global pickup market is expected to witness significant growth over the forecast period. The truck sales are anticipated to increase in emerging countries such as India, China, and Brazil on account of growing middle-class population coupled with rising disposable income levels. Moreover, increasing demand for light commercial vehicles (LCVs) from small businesses is further expected to drive the pickup market growth over the next seven years.
M&HDV:
M&HDV (Mergers and Acquisitions/ Joint ventures) is a business strategy where two or more companies collaborate to achieve greater market share. It helps them enhance their product portfolio, improve cost efficiency, increase profitability and expand customer base.
In recent times M&H has become an important part of the business strategies of major players in the automotive industry as it offers several benefits such as economies of scale, access to complementary assets & expertise.
Application Insights:
The distribution application segment accounted for the largest revenue share of over 30% in 2017. The demand for high performance trucks is expected to grow on account of increasing consumer spending and growing e-commerce activities across the globe. Distribution centers are being established at an alarming rate due to which, the segment is anticipated to witness significant growth in near future as well.
The RMC application segment was valued over USD 3 billion in 2017 owing to rising demand from end users such as food & beverage companies and mining companies among others. End users require a large number of refrigerated containers that can hold perishable products including milk, eggs, meat and produce among others which create a huge requirement for HVAC systems on board such vehicles.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in developing infrastructure and rising demand for commercial vehicles. China, India, Japan, South Korea are some of the major markets that are anticipated to drive regional growth over the coming years.
The European region accounted for a significant share in 2016 owing to stringent regulations by governments across various countries regarding fuel economy and emission norms coupled with increasing emphasis on safety features in trucks. Stringent government regulations pertaining road traffic safety along with high focus on reducing carbon emissions from heavy-duty vehicles are expected to have a positive impact on industry growth over the next eight years.
North America is one of mature regions when it comes comes High Performance Trucks (HPT).
Growth Factors:
- Increasing demand for freight transportation and logistics services
- Growing e-commerce sector and rising demand for last-mile delivery services
- Proliferation of innovative technologies such as platooning, autonomous driving, and electric vehicles
- Stringent emission regulations and growing focus on fuel efficiency
- Rising consumer preference for luxury trucks
Scope Of The Report
Report Attributes
Report Details
Report Title
High Performance Truck Market Research Report
By Type
Pickup, M&HDV
By Application
Dumping, Distribution, Refrigeration, Container, Tanker, RMC
By Companies
Paccar, Daimler Trucks, Caterpillar, Volvo Trucks, MAN, Ashok Leyland, Scania, Isuzu, China FAW
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global High Performance Truck Market Report Segments:
The global High Performance Truck market is segmented on the basis of:
Types
Pickup, M&HDV
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
Dumping, Distribution, Refrigeration, Container, Tanker, RMC
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:
- Paccar
- Daimler Trucks
- Caterpillar
- Volvo Trucks
- MAN
- Ashok Leyland
- Scania
- Isuzu
- China FAW
Highlights of The High Performance Truck 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:
- Pickup
- M&HDV
- By Application:
- Dumping
- Distribution
- Refrigeration
- Container
- Tanker
- RMC
- 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 High Performance Truck 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?
High Performance Truck is a term used to describe trucks that are designed for high performance driving. These trucks may have upgraded engines, transmissions, and suspensions to provide better performance on the road.
Some of the key players operating in the high performance truck market are Paccar, Daimler Trucks, Caterpillar, Volvo Trucks, MAN, Ashok Leyland, Scania, Isuzu, China FAW.
The high performance truck market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Performance Truck 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. High Performance Truck Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Performance Truck Market - Supply Chain
4.5. Global High Performance Truck Market Forecast
4.5.1. High Performance Truck Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Performance Truck Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Performance Truck Market Absolute $ Opportunity
5. Global High Performance Truck 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. High Performance Truck Market Size and Volume Forecast by Type
5.3.1. Pickup
5.3.2. M&HDV
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Performance Truck 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. High Performance Truck Market Size and Volume Forecast by Application
6.3.1. Dumping
6.3.2. Distribution
6.3.3. Refrigeration
6.3.4. Container
6.3.5. Tanker
6.3.6. RMC
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Performance Truck 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. High Performance Truck 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 High Performance Truck 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. High Performance Truck 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 High Performance Truck Demand Share Forecast, 2019-2026
9. North America High Performance Truck 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 High Performance Truck 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 High Performance Truck Market Size and Volume Forecast by Application
9.4.1. Dumping
9.4.2. Distribution
9.4.3. Refrigeration
9.4.4. Container
9.4.5. Tanker
9.4.6. RMC
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Performance Truck Market Size and Volume Forecast by Type
9.7.1. Pickup
9.7.2. M&HDV
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 High Performance Truck Demand Share Forecast, 2019-2026
10. Latin America High Performance Truck 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 High Performance Truck 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 High Performance Truck Market Size and Volume Forecast by Application
10.4.1. Dumping
10.4.2. Distribution
10.4.3. Refrigeration
10.4.4. Container
10.4.5. Tanker
10.4.6. RMC
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Performance Truck Market Size and Volume Forecast by Type
10.7.1. Pickup
10.7.2. M&HDV
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 High Performance Truck Demand Share Forecast, 2019-2026
11. Europe High Performance Truck 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 High Performance Truck 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 High Performance Truck Market Size and Volume Forecast by Application
11.4.1. Dumping
11.4.2. Distribution
11.4.3. Refrigeration
11.4.4. Container
11.4.5. Tanker
11.4.6. RMC
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Performance Truck Market Size and Volume Forecast by Type
11.7.1. Pickup
11.7.2. M&HDV
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 High Performance Truck Demand Share, 2019-2026
12. Asia Pacific High Performance Truck 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 High Performance Truck 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 High Performance Truck Market Size and Volume Forecast by Application
12.4.1. Dumping
12.4.2. Distribution
12.4.3. Refrigeration
12.4.4. Container
12.4.5. Tanker
12.4.6. RMC
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Performance Truck Market Size and Volume Forecast by Type
12.7.1. Pickup
12.7.2. M&HDV
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 High Performance Truck Demand Share, 2019-2026
13. Middle East & Africa High Performance Truck 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 High Performance Truck 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 High Performance Truck Market Size and Volume Forecast by Application
13.4.1. Dumping
13.4.2. Distribution
13.4.3. Refrigeration
13.4.4. Container
13.4.5. Tanker
13.4.6. RMC
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Performance Truck Market Size and Volume Forecast by Type
13.7.1. Pickup
13.7.2. M&HDV
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 High Performance Truck Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Performance Truck Market: Market Share Analysis
14.2. High Performance Truck Distributors and Customers
14.3. High Performance Truck Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Paccar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Daimler Trucks
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Caterpillar
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Volvo Trucks
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MAN
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ashok Leyland
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Scania
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Isuzu
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. China FAW
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
