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Pulished Date February, 2021
ID: 10952
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High Performance Trucks Market Segmentation By Transmission Type (Automatic Transmission, Semi-Automatic Transmission, Manual Transmission), By Power Output (250-450 hp, 401-550 hp, 550 hp), By Application (Distribution, Container, Dumping, Refrigeration, Tanker, RMC, Special Application), By Vehicle Type (Medium and Heavy Duty Trucks, Pickup Trucks), By Fuel Type (Diesel, CNG, LNG) and Region - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: February, 2021
ID: 10952
Pages: 175

High Performance Trucks Market Size, Trends & Growth (2021 - 2026)

High performance trucks are those that are armed with powerful engines and an electrical control system and also consist of a traction system. These are generally two types of medium and heavy duty trucks and vans. They are widely used in applications such as refrigeration, tank trucks, containers and RMC. The adoption of high-performance trucks is becoming more common due to the growth of the retail industry. In the beginning, trucks were mainly reserved for heavy duty. Modern automakers have adapted this vision with the introduction of high-performance trucks, which can be used as an everyday vehicle and offer greater comfort with seating for five, improved interiors, and better fuel efficiency.

The global high-performance truck market is supposed to grow at a CAGR of over 3% during the forecast period. Pickup trucks have been available for over a century, however they were never intended to be elite vehicles. Expanding interest for superior utility vehicles from the modern and assembling areas is driving deals. North America is the market leader for high performance trucks. The growing need for high-performance trucks has also helped increase US exports.

Recent Developments:

  • Daimler Trucks presents its technology strategy for electrification: world premiere of the Mercedes-Benz fuel cell truck concept.
  • Scania is commercially launching its range of electric trucks, a milestone in its goal of being the leader in the transition to a sustainable transport system. High-performance plug-in hybrid and fully electric trucks are initially focused on urban applications, including distribution to retailers.
  • Man Trucks India launched its fuel-efficient CLA EVO 25.300, 6x4, BS 3 dump truck with powerful 300hp Man-0836 common rail engines.

Drivers and Restraints of High Performance Trucks Market:

Drivers:

It is believed that the increasing demand for improved power engines for heavy load transport, due to the increase in applications requiring high torque / power, fuels the demand for high performance trucks. In addition, significant investments in road infrastructure and increased stringency in energy efficiency and emissions regulations are driving market progress globally.

Restraints:

The main factors holding back market growth are the shift in focus to electric trucks and government incentives to promote electric vehicles. With lower exhaust emission limits and higher fuel efficiency limits in the regulations, OEMs are focusing on the development of electric trucks, which would lead to increased production of electric trucks. In addition, governments are promoting the use of electric trucks and investing in the construction of infrastructure for electric trucks.

High Performance Trucks Market Segmentation:

By Application

  • Distribution
  • Container
  • Dumping
  • Refrigeration
  • Tanker
  • RMC
  • Special Application

In terms of applications, dump trucks are considered the most important segment of high-performance trucks. Large investments in infrastructure activities create the need for downloads with more powerful engines. Governments in developed and developing economies around the world are investing heavily in improving and modernizing their road network facilities that require dump trucks to transport cargo.

By Transmission Type

  • Automatic Transmission
  • Semi-Automatic Transmission
  • Manual Transmission

A semi-automatic transmission is assessed to be the quickest developing business sector by transmission type. Due to advantages such as comfort as good as that of an automatic transmission system and fuel efficiency equivalent to a manual transmission, at a lower cost than the automatic transmission system, semi-automatic transmission systems are now preferred in economies sensitive to costs like Asia Pacific, where the initial cost of the vehicle is a primary factor in the purchase process.

By Power Output

  • 250–450 hp
  • 401–550 hp
  • > 550 hp

By Vehicle Type

  • Medium- & Heavy-Duty Trucks
  • Pickup Trucks

Trucks are expected to be the largest and fastest growing market segment, by vehicle type, with North America being the leading region. Original equipment manufacturers such as General Motors and Ford, which have a strong presence in the United States, are developing light trucks with features such as high performance, improved driving experience, and fuel efficiency. Regulators in developed and developing countries are emphasizing safety and disaster management by allocating a large portion of their budget. The demand for high-performance trucks for safety purposes, such as fire and rescue applications, is also expected to increase.

By Fuel Type

  • Diesel
  • CNG
  • LNG

The LNG truck segment is foreseen to be the next emerging market, in terms of fuel type. The increase in demand can be attributed to factors such as the increased rigor of emission standards and the abundant availability of LNG. The governments of European countries and the United States are focused on deploying more alternative service stations and promoting the use of alternative commercial vehicles.

High-Performance Trucks Market Region-wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

The Asia Pacific is considered as the largest market for high-performance trucks, in terms of volume. Trucks are the main contributor to the transportation sector in this area. Regulatory developments, such as revisions to emissions standards, axle loading, and the shift of consumers to premium trucks are anticipated to spur the growth of the transportation industry in the locale. Therefore, the market is determined to experience substantial growth in the future.

Key Players of Market:

Few of the key players currently working in the global high-performance truck market include AB Volvo, Daimler AG, Scania, PACCAR Inc., MAN, Toyota, Ford Motor Company, General Motors, FCA, Nissan, Allison Transmission Inc., ZF Friedrichshafen AG, Cummins Inc., Eaton, American Axle & Manufacturing, Inc., Mahindra & Mahindra Ltd.

IMPACT OF COVID-19 ON HIGH-PERFORMANCE TRUCKS MARKET:

The coronavirus pandemic is currently moving around the world, affecting all the industries. It was evident that the lockdown conditions to curb the spread of coronavirus has resulted in the decline sales of high-performance trucks. With the recent relaxations in these conditions, the market is supposed to bounce back to its regular level within the next six to eight months.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 High Performance Trucks Market, By Transmission Type           

                    6.1.1 Automatic Transmission    

                    6.1.2 Semi-Automatic Transmission      

                    6.1.3 Manual Transmission         

                    6.1.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 High Performance Trucks Market, By Application            

                    6.2.1 Distribution   

                    6.2.2 Container      

                    6.2.3 Dumping       

                    6.2.4 Refrigeration

                    6.2.5 Tanker

                    6.2.6 RMC    

                    6.2.7 Special Application  

                    6.2.8 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.9 Y-o-Y Growth Rate Analysis         

                    6.2.10 Market Attractiveness Index       

          6.3 High Performance Trucks Market, By Power Outlet         

                    6.3.1 250–450 hp  

                    6.3.2 401–550 hp  

                    6.3.3 > 550 hp      

                    6.3.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

          6.4 High Performance Trucks Market, By Vehicle Type          

                    6.4.1 Medium- & Heavy-Duty Trucks    

                    6.4.2 Pickup Trucks          

                    6.4.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

          6.5 High Performance Trucks Market, By Fuel Type              

                    6.5.1 Diesel  

                    6.5.2 LNG    

                    6.5.3 CNG    

                    6.5.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.5.5 Y-o-Y Growth Rate Analysis         

                    6.5.6 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Transmission Type        

                    7.2.3 By Application

                    7.2.4 By Power Outlet       

                    7.2.5 By Vehicle Type        

                    7.2.6 By Fuel Type  

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Transmission Type        

                    7.3.3 By Application

                    7.3.4 By Power Outlet       

                    7.3.5 By Vehicle Type        

                    7.3.6 By Fuel Type  

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Transmission Type        

                    7.4.3 By Application

                    7.4.4 By Power Outlet       

                    7.4.5 By Vehicle Type        

                    7.4.6 By Fuel Type  

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Transmission Type        

                    7.5.3 By Application

                    7.5.4 By Power Outlet       

                    7.5.5 By Vehicle Type        

                    7.5.6 By Fuel Type  

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Transmission Type        

                    7.6.3 By Application

                    7.6.4 By Power Outlet       

                    7.6.5 By Vehicle Type        

                    7.6.6 By Fuel Type  

8. Key Player Analysis                           

          8.1 AB Volvo          

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Daimler AG                 

          8.3 Scania              

          8.4 PACCAR Inc                

          8.5 Toyota             

          8.6 Ford Motor Company            

          8.7 General Motors           

          8.8 FCA                  

          8.9 Nissan              

          8.10 ZF Friedrichshafen AG                   

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global High Performance Trucks Market By Region, From 2021-2026 ( USD Billion )
  2. Global High Performance Trucks Market By Transmission Type, From 2021-2026 ( USD Billion )
  3. Global Automatic Transmission  Market By Region, From 2021-2026 ( USD Billion )
  4. Global Semi-Automatic Transmission  Market By Region, From 2021-2026 ( USD Billion )
  5. Global Manual Transmission  Market By Region, From 2021-2026 ( USD Billion )
  6. Global High Performance Trucks Market By Application, From 2021-2026 ( USD Billion )
  7. Global Distribution  Market By Region, From 2021-2026 ( USD Billion )
  8. Global Container  Market By Region, From 2021-2026 ( USD Billion )
  9. Global Dumping  Market By Region, From 2021-2026 ( USD Billion )
  10. Global Refrigeration  Market By Region, From 2021-2026 ( USD Billion )
  11. Global Tanker  Market By Region, From 2021-2026 ( USD Billion )
  12. Global RMC  Market By Region, From 2021-2026 ( USD Billion )
  13. Global Special Application  Market By Region, From 2021-2026 ( USD Billion )
  14. Global High Performance Trucks Market By Power Outlet, From 2021-2026 ( USD Billion )
  15. Global 250–450 hp  Market By Region, From 2021-2026 ( USD Billion )
  16. Global 401–550 hp  Market By Region, From 2021-2026 ( USD Billion )
  17. Global > 550 hp  Market By Region, From 2021-2026 ( USD Billion )
  18. Global High Performance Trucks Market By Vehicle Type, From 2021-2026 ( USD Billion )
  19. Global Medium- & Heavy-Duty Trucks  Market By Region, From 2021-2026 ( USD Billion )
  20. Global Pickup Trucks  Market By Region, From 2021-2026 ( USD Billion )
  21. Global High Performance Trucks Market By Fuel Type, From 2021-2026 ( USD Billion )
  22. Global Diesel Market By Region, From 2021-2026 ( USD Billion )
  23. Global LNG Market By Region, From 2021-2026 ( USD Billion )
  24. Global CNG Market By Region, From 2021-2026 ( USD Billion )

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