High-Performance Trucks Market

High-Performance Trucks Market by Transmission Types (Manual, Automatic, and Semi-automatic Transmission), Vehicle Types (Crew-cabs and Sport Trucks, Conventional Pickup Trucks), Propulsion Types (Hybrid & Electric and IC Engines), Applications (Dumping, RMC, Refrigeration, Tankers, and Others), Fuel Types (CNG, LNG, Diesel), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AL-1204
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 193
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The global high-performance trucks market size is projected to register a considerable CAGR of 3.5% during the forecast period, 2021–2028. The growth of the market is attributed to the increased focus on emissions and fuel consumption and the introduction of severe emission rules around the world has accelerated the expansion of the high-performance truck industry.
 

High-Performance Trucks Market Key Takeaways


High-Performance Trucks are fitted with strong electric engines, a control unit, and a traction system, to improves the truck’s functionality. It comprises medium and large trucks, as well as pickup trucks. It is used in containers and Ready Mixed Concrete (RMC) construction, as well as tankers, freezers, and other applications.

Trucks were originally used mostly for heavy-duty tasks. Modern automakers have adopted the idea by introducing high-performance lorries that can be used as a daily commuter and provide more comfort with seats for 5 persons, upgraded interiors, and enhanced fuel consumption. These electric trucks include a strong electric powertrain as well as upscale interiors and features such as leather upholstery, touch screens, and panorama glass.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing demands for frozen perishable goods, increased infrastructure construction projects, fast urbanization, and the expansion of retail stores are projected to propel the market growth in the coming years.
  • Rising demand for temperature-sensitive products necessitating refrigeration high-performance trucks are key factors spurring the market expansion during the forecast period.
  • Rising cross-country trade, more truck owners have selected high-performance trucks are anticipated to boost the market growth in the coming years.
  • High-production price of the truck is estimated to restrict the market growth.
  • Rising demand for different fuel high-performance trucks is estimated to create lucrative opportunities for the market players.

Scope of the Report

The report on the global high-performance trucks market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

High-Performance Trucks Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Transmission Types (Manual, Automatic, Semi-automatic Transmission), Vehicle Types (Crew-cabs and Sport Trucks, Conventional Pickup Trucks), Propulsion Types (Hybrid & Electric and IC Engines), and Applications (Dumping, RMC, Refrigeration, Tankers, and Others), Fuel Types (CNG, LNG, Diesel)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Toyota Motor Corporation; Tesla Inc.; Nissan Motor Company Ltd; Nikola Corporation; Isuzu Motors Ltd.; Hyundai Motor Company; Honda Motor Company, Ltd.; General Motors; Ford Motor Company; Fiat Chrysler Automobiles; and Daimler AG

 

Market Segment Insights

Semi-automatic transmission segment is projected to constitute a major market share
Based on transmission types, the global high-performance trucks market is segregated into manual, automatic, semi-automatic transmission. The semi-automatic transmission segment is expected to account for a key share of the market in the coming years owing to the increase at the quickest rate due to the advantages it offers, including luxury equal to an automatic transmission and fuel consumption equal to a manual transmission. In addition, the lower cost of semi-automatic transmission relative to automatic transmission is driving the growth in the adoption of semi-automatic transmission in emerging and cost-sensitive regions.

Pickup trucks segment is expected to register at a robust pace
On the basis of vehicle types, the market is divided into crew-cabs and sport trucks, conventional pickup trucks. The pickup trucks segment is expected to hold for a key share of the market during the forecast period due to a few of the advantages including fuel consumption, minimal maintenance, compactness, and extended functional life. Regulatory organizations in established and emerging countries are spending considerable sections of their resources on safety and disaster management, resulting in rising demand for high-performance pickup trucks for security applications including rescue and fire.

A pickup's main features are its big cargo capacity, heavy-duty equipment, and high ground clearance.

IC engines segment is anticipated to expand at a substantial CAGR
In terms of propulsion types, the global high-performance trucks market is bifurcated into hybrid & electric and IC engines. The IC engines segment is expected to constitute a key share of the market in the coming years owing to considerations including the factors, it starts quickly, is safer to run, and is generally more portable than its equivalent external combustion engines, size of the engine is quite compact.

Dumping segment is projected to constitute a key market share
Based on applications, the market is segmented into dumping, RMC, refrigeration, tankers, and others. The dumping segment is expected to hold a key share of the market during the forecast period due to substantial infrastructure investments are necessitating the use of dumping, engines with increased power outputs. Governments both in established and emerging nations are investing heavily in expanding and upgrading the road networks, which need the use of dumping trucks to transport the load.
 

High-Performance Trucks Market by applications


LNG segment is expected to grow at a significant pace
On the basis of fuel types, the global high-performance trucks market is segregated into CNG, LNG, diesel. The LNG segment is expected to represent a key share of the market in the coming years owing to some causes, including tighter emission regulations and ample LNG supply.

North America is expected to dominate the market
On the basis of regions, the global high-performance trucks market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to expand at a healthy CAGR during the forecast period. The regional market growth can be attributed to increasing demand for high-performance trucks with power and size, the existence of important competitors, the introduction of numerous new truck models and technological advances in the region, and also the premium truck market in the United States including, GM, Ford, or other key automakers rely on full-size pickups and SUVs for more than two-thirds of the global pre-tax profits, although representing for only 15 percent of North American vehicle production.
 

High-Performance Trucks Market by Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High-Performance Trucks Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. High-Performance Trucks Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. High-Performance Trucks Market - Supply Chain
  4.5. Global High-Performance Trucks Market Forecast
     4.5.1. High-Performance Trucks Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. High-Performance Trucks Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. High-Performance Trucks Market Absolute $ Opportunity
5. Global High-Performance Trucks Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. High-Performance Trucks Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global High-Performance Trucks Demand Share Forecast, 2019-2026
6. North America High-Performance Trucks Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America High-Performance Trucks Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America High-Performance Trucks Demand Share Forecast, 2019-2026
7. Latin America High-Performance Trucks Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America High-Performance Trucks Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America High-Performance Trucks Demand Share Forecast, 2019-2026
8. Europe High-Performance Trucks Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe High-Performance Trucks Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe High-Performance Trucks Demand Share Forecast, 2019-2026
9. Asia Pacific High-Performance Trucks Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific High-Performance Trucks Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific High-Performance Trucks Demand Share Forecast, 2019-2026
10. Middle East & Africa High-Performance Trucks Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa High-Performance Trucks Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa High-Performance Trucks Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global High-Performance Trucks Market: Market Share Analysis
  11.2. High-Performance Trucks Distributors and Customers
  11.3. High-Performance Trucks Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Toyota Motor Corporation
     11.4.2. Tesla Inc.
     11.4.3. Nissan Motor Company Ltd
     11.4.4. Nikola Corporation
     11.4.5. Isuzu Motors Ltd.

Segments Covered in the Report
The global high-performance trucks market has been segmented based on

Transmission Types

  • Manual
  • Automatic
  • Semi-automatic Transmission

Vehicle Types

  • Crew-cabs
  • Sport Trucks
  • Conventional Pickup Trucks

Propulsion Types

  • Hybrid & Electric
  • IC Engines

Applications

  • Dumping
  • RMC
  • Refrigeration
  • Tankers
  • Others

Fuel Types

  • CNG
  • LNG
  • Diesel

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Toyota Motor Corporation
  • Tesla Inc.
  • Nissan Motor Company Ltd
  • Nikola Corporation
  • Isuzu Motors Ltd.
  • Hyundai Motor Company
  • Honda Motor Company, Ltd.
  • General Motors
  • Ford Motor Company
  • Fiat Chrysler Automobiles
  • Daimler AG

Key players competing in the global high-performance trucks market are Toyota Motor Corporation; Tesla Inc.; Nissan Motor Company Ltd; Nikola Corporation; Isuzu Motors Ltd.; Hyundai Motor Company; Honda Motor Company, Ltd.; General Motors; Ford Motor Company; Fiat Chrysler Automobiles; and Daimler AG. Some of these players are adopting several business strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares.
 

High-Performance Trucks Market by Key Players

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