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Heavy-Duty Trucks Market: Regional Trend & Growth Forecast To 2032

Major manufacturers operating in the overall marketplace are seeking expanding their global presence and diversifying their product categories to gain a competitive advantage via acquisitions, mergers, and partnerships. For instance, in January 2023, Tata Motors acquired Ford India's manufacturing plant at Sanand through its subsidiary. With this acquisition, Tata Motors plans to expand its manufacturing capability across the Indian subcontinent.

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Heavy-Duty Trucks Market: Regional Trend & Growth Forecast To 2032

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  1. Heavy-Duty Trucks Market: Global Analysis, Opportunities And Forecast To 2032

  2. Industry Insights • Heavy-Duty Trucks Market is projected to cross USD 400 Bn by 2032. Constant tech innovations in electric motor technologies, coupled with advancements in charging and battery technology, will also positively contribute to the growth of heavy-duty trucks market over the study timeframe. • Major manufacturers operating in the overall marketplace are seeking expanding their global presence and diversifying their product categories to gain a competitive advantage via acquisitions, mergers, and partnerships. For instance, in January 2023, Tata Motors acquired Ford India's manufacturing plant at Sanand through its subsidiary. With this acquisition, Tata Motors plans to expand its manufacturing capability across the Indian subcontinent.

  3. Based on class, the 4X2 segment will exhibit over 5% CAGR through 2032. The easy availability of cost-effective models of heavy-duty trucks with 4x2 axle configuration will help the segment grow in the coming years. • By fuel, the hybrid electric segment is anticipated to demonstrate strong momentum through 2032. Constantly surging demand for these trucks owing to several benefits such as lower noise, superior engine power, and torque will assist the segment expansion. In addition, constant technological advancements in hybrid technologies, which will enhance truck efficiency are slated to expand the segment share over the study timeframe. • Considering the horsepower, the 300HP-400HP segment will demonstrate a positive trajectory through 2032. The rising demand for heavy-duty truck engines with 300 to 400 hp, given their low-cost compared to higher horsepower configurated engines and benefits including low engine weight and high fuel efficiency, will positively influence the segment expansion.

  4. Regional Analysis • Europe heavy-duty truck industry will depict over 8% CAGR through 2032. Increasing consumer preference for autonomous heavy-duty trucks across the region will increase the product demand. Besides, rising deployment of audio speakers equipped with ADAS systems for truck drivers to provide timely alerts and notifications for potential risks and threats on the road would support the growing product sales. • Competitive Analysis • Daimler Group, Ford Motor Company, Navistar, Oshkosh Corporation, Paccar, Volkswagen, Volvo

  5. Heavy-Duty Trucks Market  @ https://www.gminsights.com/industry-analysis/heavy-duty-trucks-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/2015 Request for customization: https://www.gminsights.com/roc/2015

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  7. THANK YOU www.gminsights.com

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