The High-Performance Trucks Market, by volume, had a market size of 1.7 Million units in 2016 and is projected to reach 2.5 Million units by 2025, at a CAGR of 4.06% during the forecast period. Increasing demand for special application trucks with high engine power requirement and increasing focus toward fuel economy standards have triggered the growth of the high-performance trucks market. Also, increase in demand for long-haul trucks for efficient transportation of goods has also boosted the demand for high-performance trucks globally.
The ecosystem of the high-performance trucks market consists Tier I suppliers such as ZF (Germany), Cummins (US), and Eaton (Ireland). These systems and components are supplied to OEMs of medium- & heavy-duty trucks such as Daimler (Germany), Volvo (Sweden), and MAN (Germany). It also includes OEMs of pickup trucks such as Ford (US), GMC (US), and others.
Target Audience
- Medium- and heavy-duty truck OEMs
- Pickup truck OEMs
- Engine suppliers
- Transmission system suppliers
- Alternate fuel technology suppliers
- Industry associations and experts
- Government’s national and regional environmental regulatory agencies or organizations
- The automobile industry and related end-user industries
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A semi-automatic transmission is estimated to be the fastest growing segment of the high-performance trucks market, by transmission type. Owing to benefits such as comfort as good as that of automatic transmission system, and fuel efficiency equivalent to manual transmission, at a cost lower than automatic transmission system, the semi-automatic transmission systems are now being preferred in cost-sensitive economies such as Asia Oceania, where the initial cost of the vehicle is a prime factor during the purchasing process.
Available Customizations
- High-Performance Trucks Market, By Transmission Type (at Country Level)
- Automatic Transmission
- Semi-automatic Transmission
- Manual Transmission
- High-Performance Trucks Market, By Fuel Type (at Country Level)
- Diesel
- CNG
- LNG
- High-Performance Trucks Market, By Fuel Type (at Country Level)
- Medium- & Heavy-Duty Trucks
- Pickup Trucks
The research methodology used in the report involves primary and secondary sources and follows a bottom-up approach for market estimation. The study involves country-level model mapping of pickup trucks and medium-& heavy-duty trucks for their technical specifications and filtered the trucks with power output >250 hp. Further, the analysis of different applications considered for high-performance trucks (dumping, distribution, refrigeration, tanker, container, RMC, and special application). This analysis involves historical trends as well as existing penetrations by country as well as application.
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