Global Industry Analysts, Inc. Announces the Launch of a Major Research Program Analysing the Trends Impacting the Global Market for Commercial Vehicles
San Jose, California (PRWEB) September 17, 2013 -- Follow us on LinkedIn – Over the next 5 weeks, GIA will complete an extensive secondary and primary research program involving some of the industry’s leading players and experts. The study will examine key drivers and trends impacting the market such as urbanization and improving road infrastructure in developing countries; recovering manufacturing activity in developed countries and ensuing need for cargo/freight transport; government focus on developing public transportation and the resulting demand for commercial passenger vehicles; emergence of China as the largest market for commercial vehicles displacing the United States; declining pace of demand in TRIAD markets and robust demand in the BRICs; and emergence of the hub and spoke business model in emerging markets.
The global commercial vehicles (CVs) market is currently in the midst of a major transformation with technology developments, new legislations and regulations, and realignment of the value chain ecosystem triggering changes in market dynamics. Demand and growth patterns in the market will continue to shift towards developing countries supported by stronger economic activity and index of industrial production (IIP); brighter operating environment for fleet operators; and better road connectivity. Higher tonnage heavy commercial vehicles (HCVs) are forecast to witness strong demand, especially in long-haul transportation applications, driven by the growing focus on optimizing the price/payload ratio in the trucking industry. Tractor trailers are particularly witnessing strong growth encouraged by increasing transportation of heavy materials and surging port activity. A large portion of growth in the HCVs market is forecast to come at the expense of medium commercial vehicles (MCVs).
Light commercial vehicles (LCVs) are also expected to witness steady growth fuelled by the strong emphasis of fleet owners on reducing total cost of ownership (TCO). Growth in this market segment will also benefit from the adoption of the hub and spoke logistics business model by large fleet operators. Electric and hybrid commercial vehicles are poised to gain prominence against the backdrop of incentives & tax waivers, volatile fuel prices and stringent emission regulations. Trucks particularly engineered for urban markets touted as ‘city trucks’ are anticipated to make a foray into the market in the coming years.
Given the strict emission norms being legislated in various countries worldwide, most R&D projects will be focussed on developing efficient engine designs for CVs. Manufacturers will also adopt localized design and production strategies to provide products tailored to conform to local regulations and consumer needs. In a bid to differentiate their offerings, manufacturers will also focus on integrating value added features such as truck multimedia navigation systems and other vehicle telematics capabilities.
The study estimates sales of Commercial Vehicles to be over 15 million units worldwide, while more precise market-size and growth projections for a 14-year period will be made available during the 2nd stage of report update, and data analysis.
The research and analyses will be released in the next 5 weeks in the form of a comprehensively updated research report. The report by design, will attempt to provide exhaustive analysis, data, trends, market share, market size, statistics, forecasts and competitive intelligence. The report is modelled to offer precise and unbiased, actionable market insights including in-depth segmentation of market sub-sectors, demand estimates and projections and analysis of trends in each of the sectors, identification of leading players, and the competitive structure, among others.
Developed for Commercial Vehicle Manufacturers/Vendors, Investment Bankers, Consulting Firms, Marketing & Sales Executives, C-Level Decision Makers, Market Strategists and Technology Domain Experts, the report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants.
For more details about how you can participate, please click here.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, 408-528-9966, [email protected]
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