Global Medium-Heavy Commercial Vehicle Market Outlook, 2018
Global Medium-Heavy Commercial Vehicle Market Outlook, 2018 Updated Research Available
Electrification and Autonomous Driving to be Key New Product Focus Areas for the Commercial Vehicle Industry
14-Mar-2018
Global
Description
Global medium-duty (MD) and heavy-duty (HD) trucks sales grew 29% in 2017 from 2016 because of 62.8% year-on-year (y-o-y) growth in China crossing the 1 million mark, along with 55.1% growth in Russia , 41.1% growth in Next 11, and 23% growth in India. In 2018, growth in North America, South America, Russia, Next 11, and RoW markets is expected to continue to be positive, while China, although over the 1 million mark in 2018, will be a smaller market than in 2017. South America is expected to put the prolonged downturn in sales to grow over 10% YoY in 2018. In 2017, HD trucks sales share increased by 5.5% to 66.6% of global MD-HD trucks sales. This was a reversal of the trend of growing share of MD trucks in the past few years on account of recovery of HD truck demand in HD markets of China, NA, and Europe. This was predominantly on account of China market growth, which resulted in MD-HD truck sales touching record levels of 1.45 million units in 2017 with recovery in manufacturing, rapid infrastructure building activities, implementation of anti-loading regulations, as well as China V emission standards.
In terms of new technology, electric powertrain and autonomous driving have emerged hot favorites. With prototype launches from a slew of conventional and new OEMs, full electric powertrain development is gathering industry attention. Daimler launched its Fuso eCanter MD truck and showcased its Urban e-truck concept. Volvo tested its hybrid vehicle for long haul applications. Cummins and Tesla showcased battery electric Class 7 and 8 prototypes respectively. Nikola and Toyota showcased fuel cell architectures for HD applications. Platooning is set to be commercialized in developed countries in 2018. Technology providers and OEMs will showcase higher levels of autonomous capabilities in different vocations, aided by safety regulations, and participants actively partnering with companies in the artificial intelligence and High Definition maps space. Freight technology solutions are also experiencing growth in the trucking industry with great interest among shippers and carriers in the adoption of supply chain visibility and orchestration solutions such as FourKites, MacroPoint, and 10-4. Adoption of these solutions is faster than digital brokerage solutions.
On the OEM front, alongside the minority stake buy-in by VW, Navistar pulled ahead post the EGR fiasco, to record a comeback in the HD market, growing market share to nearly 11–12% in 2017. This growth in sales has translated to the first full year of profit that the company has had in the last few years.
Some of the key trends to watch out for in 2018 will be the proliferation of supply chain orchestration solutions in the freight industry, developments in electric powertrain and autonomous driving technologies for commercial vehicle applications, alongside a slew of new product launches by truck OEMs which include Navistar's new A26 12.4L SCR engine, Scania's new P- and L-series, Volvo's new VNL series, Mack Anthem, Volvo FH and FM LNG, and several others.
Key Issues Addressed
- What will be the size of the global truck market in 2018?
- What are the key focus areas for new products in trucking?
- What are some of the key truck markets to watch out for in 2018 and beyond?
- What will the new product focus areas for 2018 and beyond?
- What are the key new technologies in powertrain, components, and soft technologies?
- What is the projected penetration of powertrain technologies across regions?
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
2017 Key Highlights
Potentially Disruptive Business Models
CV Market—Senior Management’s Top-of-the-Mind Issues
Global GDP and Commercial Trucks Market—Growth Outlook: 2018
Global MD and HD Trucks Market Forecast—Overview
Autonomous Trucking Ecosystem—Key Trends
Electric Truck Market—Key Developments
Top 6 Predictions
Research Scope
Research Aims and Objectives
Key Questions this Study will Answer
Research Background
Research Methodology
Key OEMs Compared in this Study
Global MD and HD Trucks Market Forecast—By Weight Segment
Global MD and HD Trucks Market Forecast—By Price Segment
Attractive MD and HD Trucks Segment by Region
MD-HD Trucks OEM Sales Performance
Powertrain Technology Forecast
Alternative Fuel Powertrain Market—Regional Market Share Analysis
Key 2018 Market Introductions—Driver Safety Stays Favorite
Frost & Sullivan Regional Predictions—Key Talking Points
Pursuit of Emerging Markets and Expanding Global Coverage
Key Regulations and Mandates—A Snapshot
OEM Solutions and Dedicated Providers
OEM Solutions and Dedicated Providers (continued)
Tier 1 Suppliers’ Continued Run in the Connected Truck Industry
Electric Truck Market—Key Developments
Electric Truck Market—By Weight Segment and Region
Electric Driveline—Architectures in Consideration
Electric Axle—Key Market Developments
Future of Battery Technology
Charging Infrastructure—Nomenclature
Fast Charging Infrastructure—Charging Interface Initiative (CharIN e. V.)
Digitization Enabling Service/Solution Model Evolution
Leveraging Big Data and Digital Technologies
Global Truck Retailing Digitization Investment
New Trucks Sales Go Online
Digital Services
MAN Truck & Bus UK
Electric Truck Leasing Services
Nikola Motors’ TaaS Value Proposition
Autonomous Trucking Ecosystem—Key Trends
From ACC to Autonomous Technology
ADAS Functional Systems
Data Fusion on Typical Sensor Suite for ADAS Application
Distributed Processing
Centralized Processing
Need for 48V—Impact of Automated Driving on E/E Architecture
China MD-HD Trucks Market Forecast—2025
China MD-HD Truck Market Growth Forecast—2018
MD-HD Trucks OEM Sales Performance
Infrastructure Overview
Key Growth Opportunities in Chinese Truck Market
Emission Standard of China IV and China V
Chinese Government NEV Development Plan
Most Popular Trucks in China
LATAM MD-HD Trucks Market Forecast—2025
MD-HD Trucks OEM Sales Performance
Engine Size Forecast
Future of Urban Trucking Exhibit—TruckPad
Future of Urban Trucking Exhibit—TruckPad: Product Portfolio
Growth Opportunity 1
Growth Opportunity 2
Growth Opportunity 3
Strategic Imperatives
Key Conclusions and 2018 Outlook
Legal Disclaimer
Table of Acronyms Used
Upcoming Topics in the Commercial Vehicles Research Program
Upcoming Topics in the Commercial Vehicles Research Program (continued)
Market Engineering Methodology
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Related Research
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Popular Topics
No Index | No |
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Podcast | No |
Author | Silpa Paul |
Industries | Automotive |
WIP Number | K275-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9800-A6,9963-A6,9AF6-A6,9B01-A6,9B15-A6 |