Heavy-Duty Trucks Market to Hit USD 430 Bn by 2026; Global Market Insights, Inc.

SELBYVILLE, Del., Aug. 3, 2020 /PRNewswire/ --AGlobal Market Insights, Inc. has recently added a new report on the heavy-duty trucks market which estimates the market valuation for heavy-duty trucks will cross US$ 430 billion by 2026. The growth of the e-commerce sector across the globe will boost industry demand. Large-scale distribution of goods has led toAincreasing demand for heavy-duty trucks, contributing to the market growth over the forecast period.The heavy-duty trucks industry is facing several challenges owing to the spread of COVID-19 pandemic around the world. Government restrictions on domestic and international trade have led to a gradual decline in the demand for freight transportation. However, the market size is expected to grow with relaxation in trade restrictions post the reduction of the COVID-19 pandemic.RequestAa sample of this research report @A 8 heavy-duty trucks will showcase significant growth potential owing to optimum performance in long-haul traveling and continuous development of new models. Increasing usage of class 8 trucks in the mining industry and rising investments for developing advanced trucks will further support market growth. The 4x2 axle configuration in heavy-duty trucks offers four wheels supported by a single drive axle. This configuration provides two single-drive axles in heavy-duty trucks that limit the load-carrying capacity, thereby accounting for a steady growth in the market.The above 500HP segment will observe a steadily growing market share in the heavy-duty trucking industry owing to an enhanced load carrying capacity in all terrains. Environmental factors, such as low oxygen supply at high altitudes and extreme temperatures, may hamper the engine power, encouraging fleet managers to invest in high horsepower engines above 500HP.
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