In March 2022, the U.S. Environmental Protection Agency (EPA) is proposing new, stronger standards to promote clean air and reduce pollution from heavy-duty vehicles and engines starting in model year (MY) 2027. The proposed standards would reduce emissions of smog- and soot-forming nitrogen oxides (NOx) from heavy-duty gasoline and diesel engines and set updated greenhouse gas (GHG) standards for certain commercial vehicle categories. This proposed rule would ensure the heavy-duty vehicles and engines that drive American commerce and connect people across the country are as clean as possible while charting a path to advance zero-emission vehicles in the heavy-duty fleet.
The article cited AMA's "Global Heavy-duty Trucks Market Study" explored substantial growth in Europe and of 6.2%. According to the report, Growing Demand for Hybrid Trucks is one of the primary growth factors for the market. High Demand for Numerous Applications
is also expected to contribute significantly to the Heavy-duty Trucks market. Overall, Construction and Mining
applications of Heavy-duty Trucks, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Fuel, such as Diesel, is boosting the Heavy-duty Trucks market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Heavy-duty Trucks market identified that the demand is rising in many different parts of the world as "Growing Automobile Industry Worldwide
". Furthermore, some recent industry insights like "On 27th June 2018, Commercial vehicle manufacturer Eicher Trucks and Buses, part of Volvo Eicher Commercial Vehicles launched two new heavy-duty trucks in India in the 49 Ton and 41 Ton categories. Out of these, Eicher Pro 6041 is India's first 41-tonnage heavy-duty truck and offers a payload of an additional 3.5 Ton (lift axle) over 37-ton trucks." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Heavy-duty Trucks market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Heavy-duty Trucks market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Heavy-duty Trucks market size is calculated using market estimation process, the Heavy-duty Trucks market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Heavy-duty Trucks market size has been validated using both top-down and bottom-up approaches.