DUBLIN, June 10, 2022 /PRNewswire/ — The “North American Class 6-8 Truck Market – 2022-2026 – Market Size, Competitive Landscape & Market Shares, Strategies & Plans for Industry OEMs, Key Trends & Growth Opportunities, Market Outlook & Demand Forecast through 2026” report has been added to ResearchAndMarkets.com’s offering.
The North American Class 6-8 Truck market has been cruising steadily amid strong transport & construction activity marked by high freight volumes as well as rates and robust fleet utilization levels across operators while the demand for trucks and order backlogs have been surging across industry OEMs.
However, the trucking industry has also been facing headwinds in form of supply chain disruptions, uncertainty & bottlenecks apart from production disruptions, rising input material costs, limited freight capacity and semi-conductor chip & component shortages over the ongoing war in Ukraine and COVID-19 related challenges, especially in China, which continue to lead to long lead & delivery times impacting new orders across OEMs.
The industry continues to make steady & real progress towards transition to sustainable transportation through the development of a range of sustainable technologies geared towards de-carbonization of transportation over long term while continuing the development of innovative services & business models configured on connectivity & autonomy.
The efforts have primarily been led by electrification, focused on both battery electric & hybrid technologies, with the tipping point for electric trucks coming in 2022 with mass production & commercial deliveries of electric trucks commencing across most key industry OEMs. This will be supplemented by the mass market production, introduction & adoption of hydrogen powered trucks which is likely in the 2030s.
Further, the outlining of Phase 2 emission standards by the EPA & NHTSA for medium & heavy duty vehicles through model year 2027 and roll out of the 3rd generation of DOE’s SuperTruck program are likely to further accelerate the pace of development & transition to sustainable propulsion systems & technologies across the United States going forward.
The rapid energy transition towards de-carbonization & sustainability, strong construction activity with continued infrastructure investments are likely to collectively provide significant growth opportunities to the industry over near to medium term in form of fleet replacements, expansion & recapitalizations, especially, in a volatile crude oil price environment.
That’s despite projections for the slowdown of the U.S. & global economic recovery over near term owing to the ongoing war in Ukraine, uncertainty over and the asymmetric impact of the pandemic across regions and rising inflation levels necessitating monetary policy tightening by the Fed. Overall, Trucking in North America is projected to maintain its cruising speed as well as overall growth momentum in 2022.
Against this backdrop, the report provides comprehensive insights & strategic analysis into the North American Class 6-8 Truck Market with focus on a blend of quantitative & qualitative analysis. Part 1 of the report analyzes the current market size, drivers & competitive landscape for Class 6-8 Trucks.
Part 2 provides detailed analysis on key industry OEMs, including, profiles & snapshot of product portfolios, financial analysis, SWOT framework analysis and key insights into the strategies & plans of these OEMs. Part 3 projects the market evolution likely over medium term with analysis of key market & technological trends, issues & challenges, market developments & potential growth opportunities which could be leveraged by the industry value chain. The report concludes by analyzing market evolution and projecting demand outlook for Class 6-8 Trucks segment for near to medium term.
Report Excerpts:
Analysis of DTNA’s ambitious plan to boost profitability of North American operations to 12% by 2025
Decryption of Daimler’s medium term technology strategy underpinned by rapid transition to sustainable & autonomous technologies marked by significant R&D investments
Volvo making deeper inroads into the North American market, treating it as a key growth pivot for medium term, with a two-pronged product offensive under its Volvo & Mack brands, rapid electrification of Class 6-8 truck portfolio and introduction of new truck models
PACCAR’s rapid strides on the technology development pathway with focus on electrification, hydrogen-based propulsion & autonomous technologies powered by industry collaborations
Navistar’s 4.0 Strategy focused on boosting profitability with a target EBITDA of 12% for 2024 while gaining market share through new product offerings and customer segmentation
Class 6-8 Trucking projected to maintain its cruising speed & overall growth momentum in 2022 with strong drivers, indicators & fundamentals
Supply Chain disruptions, continued semi-conductor chip shortages, uncertainty over pandemic’s likely direction & inflationary pressures across key markets could become potential speed humps on the industry’s recovery momentum over near term
Relevance and Usefulness:
Strategic Planning & Decision-Making process
Comparative Analysis of Near to Medium Term Strategy Focus and Key Strategies & Plans across Industry OEMs
Unraveling & Insights into Potential Growth Opportunities & Avenues
Analysis of Market Evolution & Demand Growth Projections
Analysis of Key Trends, Issues & Challenges, Risk Factors and Market Outlook likely to Shape Future
Key Topics Covered:
Section 1 North American Class 6-8 Truck Market
Market Overview
Market Size
Market Segmentation
Key Drivers
Section 2 Competitive Landscape – North American Class 6-8 Truck Market – Market Share for Industry OEMs
Section 3 Key Industry OEMs – Snapshot & Product Portfolio
Daimler Trucks North America (DTNA)
Volvo Trucks North America
PACCAR Inc.
Navistar International Corporation – Traton
Section 4 Financial Performance Analysis – Key Industry OEMs
Revenue Base & Growth Trend
Revenues Split by Key Segments
Revenues Split by Key Geographic Markets & Regions
Gross Earnings & Margin Trend
Operating Earnings & Operating Margin Trend
Return on Sales Trend
Profitability Growth Trend
Cash Flow from Operations
R&D Expenditure Trend
CAPEX Trend
Order Intake & Truck Deliveries Trend
Section 5 OEM Strategies & Plans – Comprehensive Analysis of Strategies & Plans for Key Industry OEMs – Daimler, Volvo, PACCAR, Navistar
Analysis Coverage:
Product Portfolio Strategies & Plans
Market Specific Strategies & Plans
R&D Strategies & Plans
Growth Strategies & Plans
Business and Corporate Strategies & Plans
Sales & Marketing Strategies & Plans
Production/Manufacturing Strategies & Plans
Financial Strategies & Plans
Acquisitions, Strategic Alliances & JVs
Other Strategies & Strategic Initiatives
Section 6 SWOT Analysis – On Key Industry OEMs
Strengths to be Leveraged
Weaknesses to be worked on
Opportunities to be capitalized upon
Threats to be negated & mitigated
Section 7 Key Trends
Market Trends
Technology Trends
Section 8 Key Issues, Challenges and Risk Factors
Section 9 North American Class 6-8 Truck Market – Force Field Analysis – Analysis of Driving & Restraining Forces and their Overall Dynamics
Driving Forces
Restraining Forces
Section 10 Strategic Market Outlook through 2026
Analysis of Emerging Market Scenario
Demand Outlook and Growth Projections for the North American Class 6-8 Truck Market through 2026
Companies Mentioned
Daimler Trucks North America (DTNA)
Volvo Trucks North America
PACCAR Inc.
Navistar International Corporation
For more information about this report visit https://www.researchandmarkets.com/r/chmefn
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