Industry Share, Demand, and Regional Growth Forecast 2026 – Fastbreak Daily

According to the latest report from the IMARC group “India Truck Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The Indian truck market reached a value of US $ 10,850 million in 2020. Going forward, IMARC Group expects the market to grow at a CAGR of around 12% during 2021 -2026.

Trucks are motor vehicles built to transport goods or perform specific utility tasks. They can be segmented into heavy, medium and light trucks, depending on the weight of the vehicle. Commercial trucks can be massive and powerful and are generally designed to transport specialized equipment, such as fire trucks, garbage trucks, concrete mixers, etc. Trucks have several advantages over railways in transporting goods due to their greater reach in rural and hilly areas. and reduced time requirements for loading and unloading products.

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Note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.

Market trends:

The increasing levels of industrialization and urbanization are mainly driving the truck market in India. In addition, increasing advancements in trade infrastructure and increasing construction of roads, highways, dams, etc., connecting remote places, also contribute to the demand for trucks. In addition, an increasing number of regulations imposed by the Indian government ensuring high standardization of commercial vehicles are further stimulating the growth of the market. In addition, the expansion of the logistics industry and the integration of advanced driver assistance systems such as GPS tracking with trucks are expected to further boost the demand for trucks in India during the forecast period.

Scope of the report:

  • Historical market trends
  • Market breakdown by region
    • North India
    • Eastern india
    • Western india
    • South India
  • Market breakdown by type of vehicle
    • Heavy truck
    • Medium truck
    • Light truck
  • Market breakdown by tonnage capacity
    • 3.5 – 7.5 tons
    • 7.5 – 16 tons
    • 16 – 30 tons
    • Above 30 tons
  • Market breakdown by fuel type
  • Market breakdown by application:
    • Construction
    • Logistics
    • Others
  • Value chain analysis
  • Main drivers and challenges
  • Porters Five Forces Analysis
  • PESTEL analysis
  • Government regulations

Competitive landscape with Key Player:

  • Tata Motors Limited
  • Ashok Leyland Limited
  • VE Commercial Vehicles Limited
  • Mahindra & Mahindra Limited
  • SML Isuzu Limited
  • Daimler India Commercial Vehicles Pvt. Ltd.
  • AMW Motors Ltd.
  • MAN Truck and Bus
  • Hino Motors Sales India Private Limited
  • Scania Commercial Vehicle India Pvt Ltd.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.

If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, distribution channel etc. Click on request a free sample report, the published report will be emailed to you in PDF format within 24 to 48 hours of receipt of payment in full.

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About Us

The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise.

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