Rising Demand For Enhanced Engines Drives the United States High-Performance Trucks Market
Rising demand for
enhanced engines to carry heavy loads, stringent fuel emission & efficiency
regulations and improving road infrastructure, drives the United States High-Performance Trucks Market through 2023
According to TechSci Research report, “United States High-Performance Trucks Market by Type (Pickup and M&HDV), Power
Output (250–400, 401–550 and >550 HP), Application (Dumping, Distribution,
Refrigeration, Container and others), Fuel Type (Diesel, CNG and LNG),
Transmission Type (Automatic Transmission. Semi-Automatic Transmission and Manual
Transmission), By Company and By Geography, Forecast & Opportunities, 2022’’,
United States High-Performance Trucks Market is projected to post growth at a
robust CAGR by 2022, due to continuous improvement of road infrastructure, long
distance transportation and high growth rate of construction activities in
leading and emerging countries. Moreover, the rising demand
for enhanced power output engines for carrying heavy loads and the stringent
regulations on fuel emission and efficiency will likely have a positive impact
on the growth of the market in United States by 2022.
Moreover,
the growing popularity of refrigerated trucks coupled with the rising need for
improving the fuel efficiency of trucks is anticipated to drive the growth of
the market in the next five years. Further, the increasing use of High-Performance
Trucks for Special Applications such as fire trucks, tankers etc is expected to
propel the demand for High-Performance Trucks Market in the United States by
2022.
Based on the transmission type, the semi-automatic
transmission segment is expected to lead the market from 2017 to 2022 owing to
advantages like comfort as good as that of automatic transmission system, and
fuel efficiency equivalent to manual transmission, at a cost lower than
automatic transmission system.
Volvo, Daimler, Scania, MAN, Allison etc, are major companies
operating in the United States High-Performance
Trucks Market.
South Region is projected to lead the United States High-Performance Trucks Market
by 2023, owing to the regulatory developments such as emission norms revisions,
axle loading, and a consumer shift toward premium trucks are expected to drive
the growth of the transportation industry in the region. Moreover, the wide presence of automotive OEMs
in the region that are constantly focusing on development of newer technologies
to improve the fuel efficiency are expected to propel the growth of the market.
“The United States High-Performance
Trucks Market is expected to witness robust growth in the coming
years due to the growing adoption of high performance trucks for various
applications like intra-state transport of perishable goods, growing popularity
of reefer trucks, fire tankers etc.
Moreover, the growing initiatives by automotive OEMs to enhance the fuel
efficiency as well as the rising need to meet the stringent regulatory
standards is expected to drive the High-Performance Trucks Market through
2023.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based United States management consulting firm.
“United States High-Performance Trucks Market by Type (Pickup and M&HDV), Power
Output (250–400, 401–550 and >550 HP), Application (Dumping, Distribution,
Refrigeration, Container and others), Fuel Type (Diesel, CNG and LNG),
Transmission Type (Automatic Transmission. Semi-Automatic Transmission and Manual
Transmission), By Company and By Geography, Forecast & Opportunities, 2022” has evaluated the future growth
potential of United States High-Performance Trucks Market and provides
statistics and information on market size, structure and future market growth. The
report offers decision makers superior market intelligence, thereby enabling
them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market inclinations along
with indispensable drivers, challenges and opportunities in United States High-Performance
Trucks.
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