Vocational Trucks Market Forecast, Trend Analysis & Competition Tracking: Global Market Insights 2019 to 2029

Published on : Aug-2019 | List of Tables : 80 | List of Figures : 152 | No. of Pages : 170 | Report Code : FACT4064MR |

The Fact.MR Research study provides data about the market for historical period of 2014-2018 in addition to forecast data for years from 2019 to 2029. The primary objective of the report is to analyze the market dynamics and trends that impact the global vocational trucks market. The research report also provides recent updates and insights, which affect the global vocational trucks market.

The market drivers, restraints, and trends are also incorporated in the report, which provides the readers of this report a comprehensive view of the market scenario and their anticipated impact on the global vocational trucks market throughout the forecast period. Moreover, the growing population and urbanization also gives rise to the demand for vocational trucks.

vocational trucks market 01

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The global demand for the vocational trucks is upsurging as it relies heavily upon the building & construction industry as it is an integral part of the industry. The increasing government initiatives in the construction sector are further anticipated to create lucrative growth opportunities in the vocational trucks market. However, among all end-use industries considered in the report, the urban service sector has a higher market share than others. Which primarily depends on various aspects discussed in the report. 

The global vocational trucks market in terms of valued has surpassed US$ 48.6 Billion in 2018. The overall market is expected to expand by 1.6X times throughout the forecast period, 2019-2029. In terms of volume, the vocational trucks market is likely to exhibit a CAGR of 4.5% during the period. A recent research study by Fact. MR foretells the vocational trucks market to a record expansion of 5.3% CAGR in terms of value over the forecast period. 

The vocational trucks market continues to witness an increased traction in the future. Considering the demand for vocational trucks by engine type, some European countries shows more demand for gas fuel type vocational trucks. The report also discloses demand for various types of vocational trucks by different class types. The overall growth of class 8 type vocational trucks is expected to grow at a stagnant CAGR but some emerging countries are expected to show substantial growth in this segment.

Increasing Proliferation of Vocational Trucks Owing to the Increasing Demand from the Building & Construction Sector

The demand for vocational trucks from the building & construction industry is growing remarkably in the past few years, owing to an increase in the industrial sector and urbanization. Many multinational companies are considering the East Asia region in the hope of increased demand from the construction industry. China is becoming the largest cement producer followed by India in the second position. The steady expansion in the construction industry will enhance the demand for its equipment, in turn, increasing the sales of vocational trucks.

The building & construction industry is profoundly reliant on equipment such as tractor trailers, bulldozers, concrete mixers, dump trucks, and other equipment for on-site applications. The augmentation of government spending on infrastructure development has resulted in the uplifting of vocational trucks market.

vocational trucks market_02

Developing Transportation Infrastructure to Increase the Vocational Trucks Demand

Growing population and urbanization are giving rise to new investments in the incorporation of smart cities and renovation projects of already established cities worldwide. This factor is likely to fuel the demand for vocational trucks; therefore, expanding the overall market. Besides this, increasing government initiatives encourage the manufacturers to use energy-efficient equipment in construction industry, which is further likely to aid the growth of vocational trucks market.

Further, the paradigm shifts towards the development of transportation networks to stimulate the exhaustive use of public transport and renovation and expansion of public transport in the developed regions contribute to the growth of vocational trucks market. However, the growth of vocational trucks market is hampered by lack of skilled labor to exercise the vocational trucks exhaustively.

Increasing Use of Vocational Trucks for Urban Services is Likely to Infuse the Global Vocational Trucks Market

The global market for vocational trucks is expected to witness substantial growth in both the developed and developing regions. Owing to the rise in demand for firefighting trucks and garbage trucks worldwide. Overall vocational trucks market is likely to witness significant growth, as the manufacturers are focusing on offering unique and innovative products to catch up with the technology-driven environment, which can handle urban roads and traffic. The global market for vocational trucks for the urban service sector is expected to witness sizeable growth in the forecast period, compared to other end-use industry.

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“The vocational trucks market is envisaged to experience a sumptuous rise, which is estimated to outstrip US$ 50.5 Billion in the year 2019. The vocational trucks market is likely to register a CAGR of 5.3% throughout the forecast period. 2019-2029” as per the new Fact.MR study report. The primary target of this insightful report is to track the opportunities in the market and offer key insights about several segments of the global vocational trucks market.

The study showcases primary trends that influence the growth of the vocational trucks market to a greater extent. This report is an insightful summary of research study that sheds light on the dynamics that are most likely to transform the future of the vocational trucks market. These dynamics also create flourishing methods for significant companies and the budding players that are engaged in the manufacturing and distribution of vocational trucks.

A deep analysis on the manufacturers of vocational trucks is offered in the report, which provides the readers of this report, a clear picture of insights that can be derived from vocational truck manufacturers across the globe. A description of leading companies operating in the vocational trucks market is also provided in the report, which further adds to the credibility of this exhaustive market research study.

The vocational trucks market study is a coiling market intelligence on the revenue growth, drivers, trends, and opportunities which will eventually boost the growth orientation of the vocational trucks market. The report imparts an outlook of the vocational trucks market, taking into account the prevailing and future prospects in the trucks growth, to bring out attractive facts related to the adoption of vocational trucks across the regional markets.

Vocational Trucks Market: Report Summary and Scope

The research study on vocational trucks market presents a detailed intelligence on different factors that influence the vocational trucks market across the globe. In-depth analysis on the opportunities prevailing in the market proves to be beneficial for the readers to understand the vocational trucks marketplace and trigger the adoption of the vocational trucks. A comprehensive cost structure analysis provided in the report is complete in itself and also incorporates regional markets.

A detailed forecast on the vocational trucks market has also been showcased by categorizing the market forecasts into likely scenario, conservative scenario and optimistic scenario pertaining to demand and sales of vocational trucks over the forecast period. This research study also exhibits details on the facets impacting the pricing strategies of the manufacturers of vocational trucks. The classification based on the most lucrative sites of the vocational trucks market has been provided in the form of taxonomy table in the report.

Fact.MR performs triangular analysis of data through various analysis based on the demand side, supply side and the market dynamics of vocational trucks market.

Vocational Trucks Market: Analysis

The present and the future prospects of vocational trucks market has contains anticipated values and volumes on the region-wise demand trends. Market sizing at the global and regional levels for vocational trucks is presented in terms of “US$ Mn”. A Y-o-Y growth comparison on the market segments of vocational trucks market, in addition to the market attractiveness quantifies the insights depicted in the report.

Vocational Trucks Market: Assessment on Regional Segments

The report includes weighted chapters on vocational trucks market to impart the forecast on regional markets. These chapters present the regional macros (business, economic and political environment outlook) that have a significant impact on the growth of vocational trucks market in the coming years.

Country-specific demand assessment is provided for regional vocational trucks market, besides market size valuation & forecast and impact analysis of regional dynamics. A Y-o-Y growth anticipations are also offered on all regional markets considered for the report.

Vocational Trucks Market: Deep Dive Analysis on the Competition Scenario

The report concludes with a chapter on the competitive landscape of vocational trucks market, which profiles key companies contributing to the market expansion. Up-to-date and essential data as well as knowledge related to the market players, who predominantly engage in the production and distribution of vocational trucks have been delivered with the help of a dashboard view. Market share comparison and analysis of these market players offered in the report enables the report readers to devise strategic steps forward for their business.

Company profiles are also incorporated in the report, which exerts details such as manufacturing of vocational trucks, along with a comprehensive product offering by each identified player. The intensity mapping of market players operating in the vocational trucks market provides readers with actionable intelligence, which helps in understanding the current market status and prospects determining competition levels in the vocational trucks market.

1. Executive Summary
    1.1. Summary of Key Findings
    1.2. Summary of Key Statistics
    1.3. Market Characteristics & Attributes
    1.4. Fact.MR Analysis and Recommendations

2. Market Introduction
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations

3. Key Market Trends and Opportunity Evaluation
    3.1. Market Impacting Trends
    3.2. Product Development / Innovation Trends
    3.3. Mega Trends
    3.4. Global Vocational Trucks Market - Opportunity Evaluation
        3.4.1. Total Addressable Market (TAM)
        3.4.2. Serviceable Available Market (SAM)
        3.4.3. Serviceable Obtainable Market (SOM)

4. Market Background
    4.1. Global Construction Industry Outlook
        4.1.1. Global Construction Industry Scenario, (2019-2029)
        4.1.2. Global Construction Industry Spending by Regions, 2018
        4.1.3. Total Construction Spending Growth by Country
        4.1.4. List of Major Construction Projects by Key Regions
    4.2. Global Mining Industry Outlook
        4.2.1. Total Production By Region
        4.2.2. Development Status Of Producer Countries
        4.2.3. Four Biggest Mining Nation Share
        4.2.4. World Production Of Mineral Raw Materials 
        4.2.5. Production Status By Top Producing Companies 
    4.3. Top Companies Truck production Statistics, 2018
    4.4. Impact of various market elements in the emerging truck markets
    4.5. Voice of Experts 
    4.6. Emission Standard Regulatory Framework by Key Countries
    4.7. BEV's Development Roadmap
    4.8. Technology Roadmap of Autonomous Driving Trucks
    4.9. Market Dynamics
        4.9.1. Key Drivers
        4.9.2. Market Restraints
        4.9.3.  Opportunities
    4.10. Supply Chain 
    4.11. PEST Analysis
    4.12. Porter’s Five Forces Analysis
    4.13. Macro-Economic Factors
        4.13.1. Global GDP Outlook
        4.13.2. Global Urbanization Outlook.
        4.13.3. Global Construction Industry Outlook
        4.13.4. Global Mining Industry Outlook
    4.14. Global Vocational Trucks Market Forecast Scenario
        4.14.1. Likely Scenario
        4.14.2. Conservative Scenario
        4.14.3. Optimistic Scenario

5. Vocational Trucks Market - Pricing Analysis
        5.1.1. Global Pricing Analysis by Regions
        5.1.2. Global Pricing Analysis by Product Type
        5.1.3. Factors Impacting Pricing

6. Global Vocational trucks Market Analysis 
    6.1. Global Vocational Trucks Market Volume (Units) Analysis 2014-2018 and Forecast, 2019-2029
        6.1.1. Historical Market Volume (Units) Analysis, 2014-2018
        6.1.2. Current and Future Market Volume (Units) Projections, 2019-2029
        6.1.3. Y-o-Y Growth Trend Analysis
    6.2. Global Vocational Trucks Market Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
        6.2.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
        6.2.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
        6.2.3. Y-o-Y Growth Trend Analysis

7. Global Vocational Trucks Market Analysis 2014-2018 and Forecast 2019-2029, By Product Type
    7.1. Introduction 
    7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2014 - 2018
    7.3. Current and Future Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2019 - 2029
        7.3.1. Trailer Truck 
        7.3.2.  Dump Truck 
        7.3.3.  Concrete Mixer 
        7.3.4.  Crane Truck 
        7.3.5.  Firefighting Truck 
        7.3.6.  Garbage Truck 
        7.3.7.  Tank Truck 
        7.3.8.  Others 
    7.4. Y-o-Y Growth Projections 

8. Global Vocational Trucks Market Analysis 2014-2018 and Forecast 2019-2029, By Engine Type
    8.1. Introduction 
    8.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Engine Type, 2014 - 2018
    8.3. Current and Future Market Size (US$ Mn) and Volume (Units) Forecast By Engine Type, 2019 - 2029
        8.3.1. Diesel 
        8.3.2.  Electric 
        8.3.3.  Gas 
        8.3.4.  Others
    8.4. Y-o-Y Growth Projections 

9. Global Vocational Trucks Market Analysis 2014-2018 and Forecast 2019-2029, By Class Type
    9.1. Introduction 
    9.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Class Type, 2014 - 2018
    9.3. Current and Future Market Size (US$ Mn) and Volume (Units) Forecast By Class Type, 2019 - 2029
        9.3.1. Class 6 
        9.3.2.  Class 7 
        9.3.3.  Class 8
    9.4. Y-o-Y Growth Projections 

10. Global Vocational Trucks Market Analysis 2014-2018 and Forecast 2019-2029, By End Use Industry
    10.1. Introduction 
    10.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End Use Industry, 2014 - 2018
    10.3. Current and Future Market Size (US$ Mn) and Volume (Units) Forecast By End Use Industry, 2019 - 2029
        10.3.1. Construction Industry 
        10.3.2.  Mining  Industry 
        10.3.3.  Transportation & Logistic 
        10.3.4.  Urban Services 
        10.3.5.  Others
    10.4. Y-o-Y Growth Projections 

11. Global Vocational Trucks Market Analysis 2014-2018 and Forecast 2019-2029, By Region
    11.1. Introduction 
    11.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2014 - 2018
    11.3. Current and Future Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2019 - 2029
        11.3.1. North America 
        11.3.2.  Latin America 
        11.3.3.  Europe 
        11.3.4.  East Asia 
        11.3.5.  South Asia 
        11.3.6.  Oceania 
        11.3.7.  MEA
    11.4. Y-o-Y Growth Projections 

12. North America Vocational Trucks Market Analysis 2014-2018 and Forecast 2019-2029
    12.1. Introduction
    12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
    12.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
        12.3.1. By Country
            12.3.1.1. U.S.
            12.3.1.2. Canada
        12.3.2. By Product Type
        12.3.3. By Engine Type
        12.3.4. By Class Type
        12.3.5. By End-Use Industry
    12.4. Market Attractiveness Analysis
        12.4.1. By Product Type
        12.4.2. By Engine Type
        12.4.3. By Class Type
        12.4.4. By End-Use Industry
    12.5. Y-o-Y Growth Projections 

13. Latin America Vocational Trucks Market Analysis 2014-2018 and Forecast 2019-2029
    13.1. Introduction
    13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
    13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
        13.3.1. By Country
            13.3.1.1. Brazil 
            13.3.1.2. Mexico 
            13.3.1.3. Rest of Latin America
        13.3.2. By Product Type
        13.3.3. By Engine Type
        13.3.4. By Class Type
        13.3.5. By End-Use Industry
    13.4. Market Attractiveness Analysis
        13.4.1. By Product Type
        13.4.2. By Engine Type
        13.4.3. By Class Type
        13.4.4. By End-Use Industry 
    1.1. Y-o-Y Growth Projections 

14. Europe Vocational Trucks Market Analysis 2014-2018 and Forecast 2019-2029
    14.1. Introduction
    14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
    14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
        14.3.1. By Country
            14.3.1.1. Germany 
            14.3.1.2. France 
            14.3.1.3. Italy 
            14.3.1.4. Spain 
            14.3.1.5. U.K. 
            14.3.1.6. Benelux 
            14.3.1.7. Russia 
            14.3.1.8. Rest of Europe
        14.3.2. By Product Type
        14.3.3. By Engine Type
        14.3.4. By Class Type
        14.3.5. By End-Use Industry
    14.4. Market Attractiveness Analysis
        14.4.1. By Product Type
        14.4.2. By Engine Type
        14.4.3. By Class Type
        14.4.4. By End-Use Industry
    14.5. Y-o-Y Growth Projections 

15. East Asia Vocational Trucks Market Analysis 2014-2018 and Forecast 2019-2029
    15.1. Introduction
    15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
    15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
        15.3.1. By Country
            15.3.1.1. China 
            15.3.1.2. Japan 
            15.3.1.3. South Korea 
        15.3.2. By Product Type
        15.3.3. By Engine Type
        15.3.4. By Class Type
        15.3.5. By End-Use Industry
    15.4. Market Attractiveness Analysis
        15.4.1. By Product Type
        15.4.2. By Engine Type
        15.4.3. By Class Type
        15.4.4. By End-Use Industry
    15.5. Y-o-Y Growth Projections 

16. South Asia Vocational Trucks Market Analysis 2014-2018 and Forecast 2019-2029
    16.1. Introduction
    16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
    16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
        16.3.1. By Country
            16.3.1.1. India  
            16.3.1.2. Thailand 
            16.3.1.3. Indonesia 
            16.3.1.4. Malaysia 
            16.3.1.5.  Rest of South Asia
        16.3.2. By Product Type
        16.3.3. By Engine Type
        16.3.4. By Class Type
        16.3.5. By End-Use Industry
    16.4. Market Attractiveness Analysis
        16.4.1. By Product Type
        16.4.2. By Engine Type
        16.4.3. By Class Type
        16.4.4. By End-Use Industry
    16.5. Y-o-Y Growth Projections 

17. Oceania Vocational Trucks Market Analysis 2014-2018 and Forecast 2019-2029
    17.1. Introduction
    17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
    17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
        17.3.1. By Country
            17.3.1.1. Australia 
            17.3.1.2. New Zealand 
        17.3.2. By Product Type
        17.3.3. By Engine Type
        17.3.4. By Class Type
        17.3.5. By End-Use Industry
    17.4. Market Attractiveness Analysis
        17.4.1. By Product Type
        17.4.2. By Engine Type
        17.4.3. By Class Type
        17.4.4. By End-Use Industry
    17.5. Y-o-Y Growth Projections 

18. MEA Vocational Trucks Market Analysis 2014-2018 and Forecast 2019-2029
    18.1. Introduction
    18.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
    18.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
        18.3.1. By Country
            18.3.1.1. GCC Countries 
            18.3.1.2. Turkey 
            18.3.1.3. Northern Africa 
            18.3.1.4. South Africa 
            18.3.1.5. Rest of MEA
        18.3.2. By Product Type
        18.3.3. By Engine Type
        18.3.4. By Class Type
        18.3.5. By End-Use Industry
    18.4. Market Attractiveness Analysis
        18.4.1. By Product Type
        18.4.2. By Engine Type
        18.4.3. By Class Type
        18.4.4. By End-Use Industry
    18.5. Y-o-Y Growth Projections 

19. Competitive Assessment
    19.1. Global Vocational Trucks Market Structure
    19.2. Global Vocational Trucks Market Competition - a Dashboard View
    19.3. Global Vocational Trucks Market Company Share Analysis
    19.4. Key Participants Market Presence (Intensity Mapping) by Region

20. Company Profiles
    20.1. Daimler AG
    20.2. Ford Motor Company
    20.3. Volkswagen Group
    20.4. PACCAR Inc.
    20.5. Volvo Group 
    20.6. Caterpillar Inc.
    20.7. Liebherr Group
    20.8. TATA Motors Ltd.
    20.9. ISUZU
    20.10. Hino Motors, Ltd.
    20.11. Navistar International Corp.
    20.12. Dongfeng Motor Corporation
    20.13. FAW Group
    20.14. CNH Industrial N.V.
    20.15. BYD Auto Co., Ltd.

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Vocational Trucks Market Forecast, Trend Analysis & Competition Tracking: Global Market Insights 2019 to 2029