Research and Markets has added the “North American Class 6-8 Truck Market – 2018-2026 – Market Dynamics, Competitive Landscape, OEM Strategies & Plans, Trends & Growth Opportunities, Market Outlook – Daimler, Volvo, Paccar, Navistar” report to its online offering.
Research and Markets states the global medium- and heavy-duty truck market has been in top rear as of late with steady demand growth trend across most key markets, led by North America and Europe, with high capacity utilization and profitability driving momentum for fleet renewal and expansion activities.
Since the dismal demand contraction of 2016, Research and Markets states the North American Class 6-8 market has been on a strong upswing. The U.S. economy is gaining growth momentum and the overall macroeconomic environment, too, has been favorable with robust utilization and profitability across operators boosting fleet renewals and expansions at an accelerated pace.
The North American Class 6-8 truck market has been on a strong footing in 2017 and the projections for 2018 point towards a robust double digit growth rate with a buoyant economy, strong housing starts and growth as well as positive developments in e-commerce and construction activity, Research and Markets adds.
Further, the proposed infrastructure development bill, outlining massive planned investments worth $1.5 trillion towards infrastructure repair and rebuilding, are likely to have tremendous potential for the industry over medium term once the modalities are thoroughly fine-tuned and if it gets the green light from the Congressional leaders, the company adds.
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