Global Heavy duty trucks constitute an essential part of trucking industry. For more mail me: vikas@konceptanalytics.com

1. Global Heavy Duty (HD) Truck Market
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2014
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2. Executive Summary
Heavy duty trucks constitute an essential part of trucking industry. The trucking industry provides a vital service to the economy by
transporting large quantities of goods. Heavy duty trucks throughout the world are responsible for the majority of freight movement over
land and are vital tools in the construction, manufacturing, transportation and warehousing industries.
Major truck manufacturing companies are focusing on the emerging markets. With booming economies and low penetration rates,
emerging markets are the key source of growth for global heavy duty truck industry. The largest heavy duty truck market is China,
followed by North America. In terms of registrations, China is growing more rapidly in comparison with North America. Brazil is the
fastest growing market in the world.
The key factors driving growth of global heavy duty truck industry include escalating freight volume, rising global construction
expenditure, increasing urban population and accelerating global income. Some of the noteworthy trends and developments of this
industry are the booming emerging market, increasing shortage of drivers and increasing preference of trucks over railways for
logistics. However, the growth of heavy duty truck industry is hindered by the strict emission standard compliance imposed on
manufacturers and economic and market conditions.
The present report offers a comprehensive analysis of the worldwide heavy duty truck market along with the study of regional markets
including North America, Europe, Brazil, Russia and Asia. The competition in the respective market is intense with few large players
viz. Daimler, Volvo, PACCAR and Isuzu. In addition, the competitive landscape in North America, Europe and Asia along with the
company profiles of the leading players in the market is discussed in detail.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of
the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS
Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several
independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and
tests.
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3. Trucking industry provides a vital service to the economy by transporting large quantities of raw
materials, work-in-process and finished goods over land
• As of 2013, the sales of class 8 trucks plummeted to …. units
from …. units, down by ….%. However, the sales are anticipated to
increase in 2014 by ….% from prior year to reach …. units. The
projected sales are expected to grow with a CAGR of ….% in the
period spanning 2013-2017.
• In North America, production of heavy duty trucks declined by
…% to reach …. units in 2013 from …. units in previous year.
However, the production is projected to increase to …. units in
2014, depicting an incline of …% from 2013.
•China, the largest market, accounted for ..% of the total global
registrations. North America is the second largest market with …%
share, followed by Western Europe and South America accounting
for …% and …% share in the registrations, respectively. India was
another important region in terms of registrations, accounting for
…% share in 2013.
Global Heavy Duty Truck Registration by Region (2013)
North America Heavy Duty Truck Production (2009-2015E)
The US Class 8 Sales (2009-2017E)
2007 2008 2009 2010 2011 2012 2013 2014E 2015E
(‘000Units)
2009
2010
2011
2012
2013
2014E
2015E
2016E
2017E
(‘000Units)
China North America Western Europe
South America India Russia
Japan Eastern Europe Others

4. Increasing shortage of drivers and increasing preference of trucks over railways for logistics are
some of the noteworthy trends of this industry.
• Heavy duty truck registrations in Europe were … units in 2013,
depicting …% rise, compared to … units registrations in 2012. The
increase in registrations is chiefly a result of pre-buying ahead of
the Euro VI emission standards which had been into effect from
January 2014. However, the registrations are expected to decline
by …% in 2014, to … units.
• North America heavy duty truck market is largely unchanged
compared to 2012 with Daimler and PACCAR comprising ..% and
..% of the market respectively. Volvo held ..% of the heavy duty
truck market in the cited year. For 2014, Navistar is well positioned
to take market share as it has launched Cummins 15L engine in
the end of 2013. It accounted for ..% share of the market in 2013.
• Heavy duty truck sales in China increased by …%, accounting for
… units in 2013, compared to roughly … units sales in 2012. The
sales experienced a CAGR of …% in the period spanning 2007-
2013.
China’s Heavy Duty Truck Sales (2007-2013)
North American Heavy Duty Truck Market by Company (2013)
European Heavy Duty Truck Registration (2006-2014E)
2006
2007
2008
2009
2010
2011
2012
2013
2014E
(‘000Units)
2007
2008
2009
2010
2011
2012
2013
(‘000Units)
Daimler PACCAR Volvo Navistar Other

5. The key factors driving growth of global heavy duty truck industry include escalating freight volume,
rising global construction expenditure, increasing urban population and accelerating global income.
• Brazilian market has showed a volatile trend over the past couple
of years. Marking an impressive increase of …%, the heavy duty
truck production was recorded at … units at the end of 2013,
compared to …. units during the previous year. Moreover, through
2009 to 2013 the market grew at a remarkable CAGR of …%.
• As of 2013, heavy duty truck market is the second largest market
in China by volume with ….% share, after light duty truck market.
Light duty truck accounted for …% share in the cited period. Mini
duty and mid duty trucks held …% and …% share of total truck
sales in 2013.
• Marking an impressive increase of …%, the Russia’s heavy duty
truck market recorded …. units at the end of 2012, compared to …
units during the previous year. The growth of the heavy duty truck
industry was recorded at a CAGR of ….% during the period
spanning 2009-2012.
Russian Heavy Duty Truck Sales by Volume (2006-2012)
China’s Truck Sales by Type by Volume (2013)
Brazilian Heavy Duty Truck Production (2007-2013)
Heavy Duty Mid Duty Light Duty Mini Duty
2007
2008
2009
2010
2011
2012
2013
(‘000Units)
2006 2007 2008 2009 2010 2011 2012
(‘000Units)

6. The largest heavy duty truck market is China, followed by North America.
Brazil is the fastest growing market in the world.
 Trucking is the dominant mode of freight transportation in the world. This industry enjoyed its best year in 2013 since the recession of 2008-
09. As of 2013, the truck industry has witnessed a growth of …%, accounting for … million sales volumes from … million in the prior year.
China, Japan and Brazil were the strongest markets in truck industry in 2013. The truck sales are anticipated to reach … million by 2018,
depicting a CAGR of….% in the period spanning 2013-2018.
 The global heavy duty truck registrations are anticipated to reach … million units by 2017 compared to … million units in 2013. For 2014, the
market is expected to grow by …%, compared to 2013, to reach … million registrations. The steadily improving transport and logistics networks
globally are the drivers of the outperformance of heavy duty trucks. Global heavy duty truck registrations are expected to grow at a CAGR of
…% for the period spanning 2013-2017.
 In 2013, in terms of value, the Volvo group held the largest share of ….% in the heavy duty truck market, immediately followed by Daimler
and PACCAR with ….% and ….% respective share. In terms of volume, Daimler leads the industry accounting for ….% share in 2013. Volvo
Group and PACCAR accounted for ….% and ….% share, respectively.
Note: Market attractiveness is inverse of penetration. Low penetration means high attractiveness and vice-versa
2010
2011
2012
2013
2014E
2015E
2016E
2017E
2018E
MillionUnits
Global Truck Sales by Volume (2010-2018E)
2009
2010
2011
2012
2013
2014F
2015F
2016F
2017F
MillionUnits
Global Heavy Duty Truck Registrations (2009-2017F)

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Vikas Gupta
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