A heavy duty truck is a commercial motor vehicle having gross vehicle mass (GVM) more than 26,000 lbs. It is a multi-axle commercial vehicle used to transport materials and perform heavy duty work. Heavy trucks are classified under class 7 and 8 wherein maximum GVM for class 7 truck is 33,000 lbs and that for class 8 is 97,000 lbs. Above this, the trucks are accounted as special purpose vehicles. Typically, heavy duty trucks are used for various applications including heavy dump trucks, refuse hauling, concrete pump trucks and others. Whereas, special or off-road vehicles are also a multi-axle vehicles built for carrying heavy duty goods such as concrete pump, rig or mobile crane.
Global heavy trucks and special vehicle market is expected to experience moderate to high growth in the future as global economy is recovering from post financial crisis. Currently, heavy trucks and off-road industry is witnessing slow growth in matured markets due to economic volatility in the region and decrease in infrastructure development activity. Conversely, demand in emerging markets, especially, India, China and Middle East, is expected to pick up because of increase in construction and infrastructure development.
Growing concerns pertaining to environment and stringent environment regulations are forcing heavy truck and off-road vehicle manufacturers to innovate and come up with fuel efficient and low emission models. The OEMs are focusing to develop lighter vehicles with high interoperability among different- sized trucks.
Global heavy trucks and special vehicle manufacturers need to adjust as per requirements of both matured and emerging markets so that purpose of these vehicles is well served. For example, in the matured markets, the manufacturers need to focus on vehicles with low environmental impact and well- designed digital features. Conversely, in emerging markets, the manufactures need to develop low cost models with high level of durability to sustain wear and tear of poor road infrastructure.
ASDReport.com has an extensive collection of reports on heavy trucks and special vehicle market. The reports cover various segments of the market like, heavy duty truck engine, forklifts, trailer vehicles, IoT in heavy truck and much more.