Press Release

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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Mr. Ken Mathews

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Relevant Reports

United States High-Performance Trucks Market, By Vehicle Type (Medium & Heavy Duty Truck, Pickup Trucks), By Fuel Type (Diesel, CNG, LNG), By Power Output (250-400HP, 401-550 HP, >550HP), Regional, Competition, Forecast & Opportunities

Automotive | Dec, 2023

The major drivers for the United States High-Performance Trucks Market are Economic Growth and Industrial Expansion, Environmental Regulations and Sustainability Initiatives, and E-commerce and Changing Consumer Behavior.

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