Heavy dutyvehicle is a commercially used vehicle that relies on different techniques that enable it to sense the surroundings and to navigate while functioning with human input. Moreover, increase in requirements for new infrastructure has enhanced the demand for such construction vehicles. In addition, the rise in demand for heavy-duty vehicles is expected to boost aftermarket demand since these vehicles often require expensive parts for maintenance and repair.
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Key Market Players
- Ashok Leyland
- China National Heavy-Duty Group
- Dongfeng
- Eicher Motors Limited
- Ford Motor Company
- Freightliner
- Isuzu Motors
- Kenworth
- Tata Motors
- Volvo
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COVID-19 scenario analysis:
- The transportation industry has completely been shut due to the pandemic which has created new challenges for the cargo and production houses to shift their goods from one place to another.
- The fear of spreading COVID-19 to coworkers, along with drastically diminished demand and has allegedly forced workers not to operate to infected places or cities which has created a huge problem.
- The Original Equipment Manufacturer (OEM) are doing what they can to triage the situation. Many weeks of production stand down to minimize spreading the virus among coworkers while also preparing for far lower sales to minimize their losses.
- The spread of the virus has created huge issues for the transportation department as they have to encore new investments to protect their employees from getting affected.
- As the unlock has started in many geographies, the transporting companies are coming up with new rules and regulations to face the upcoming difficult situations
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Key benefits of the report:
- This study presents the analytical depiction of the heavy duty vehicle market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the heavy duty vehicle market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the heavy duty vehicle market scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed heavy duty vehicle market analysis based on competitive intensity and how the competition will take shape in the coming years.
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Questions answered in the heavy duty vehicle market research report:
- What are the leading market players active in the heavy duty vehicle market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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