Research and Markets followed Wednesday’s release of its light- and medium-duty commercial vehicle market report Thursday by publishing its “Strategic Factor Analysis Summary (SFAS) Framework Analysis – 2018-2019 – Global Top 7 Medium & Heavy Truck Manufacturers – Daimler, Volvo, MAN, Scania, Paccar, Navistar, Iveco” report.
In its new report, Research and Markets says the global medium and heavy truck market has been cruising in the top gear, led by steady demand growth traction across most key markets globally, led by North America and Europe with good capacity utilization and profitability driving momentum for fleet renewal and expansion activities. Additionally, the company states the U.S. economy has been on a solid footing with strong economic recovery along with robust freight demand & rates and transport capacity constraints boosting demand for new Class 8 trucks with the U.S. market projected to register a 30 percent year-over-year growth in new truck registrations for 2018.
European markets, too, have been on a steady growth path over the recent years with the EU economy revving up with new MHCV truck registrations in the EU witnessing modest growth in 2017 with the same trend likely to be maintained in 2018.
However, Research and Markets says the surge in crude oil prices and the onset of the trade war amongst the world’s two largest economies pose most significant downside risks to the world economic growth.
Against this backdrop, this framework analysis will thus be crucial to understand and assess as to how are the OEMs strategically positioned in a rapidly changing and evolving industry dynamics and market environment and how adaptive, responsive and prepared are they to be able to ride the waves of change and disruption blowing through the market, the company says.
For more information about the report, and to download a copy, please CLICK HERE.
