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

RELEASE DATE
14-Mar-2018
REGION
Global
Research Code: K275-01-00-00-00
SKU: AU01654-GL-MO_21659
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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.
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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
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 technol
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No Index No
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