About Goods Carriers Vehicle
The term goods carriers vehicle is used to identify a vehicle which main purpose is to transport goods or materials rather than passengers. The goods carrier vehicle market is anticipated to witness a considerable growth in near future with improved sales performance, particularly in emerging economies. Moreover, the digitization coupled with increasing infrastructural spending is projected to upraise the demand for goods carrier vehicles over the forecast period. However, environmental concerns associated with goods carrier vehicles
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Goods Carriers Vehicle market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Goods Carriers Vehicle market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that German Vendors will contribute the maximum growth to Global Goods Carriers Vehicle market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fukuta (Taiwan), BYD (China), ZF Friedrichshafen (Germany), Bosch (Germany), Mitsubishi (Japan), Hitachi (Japan), Daimler (Germany), Toyota Motor Corporation (Japan), Mahindra and Mahindra (India) and General Motors (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are JMEV (China), BAIC (China), Broad-Ocean (United States) and Ashok Leyland (India).
Segmentation Overview
AMA Research has segmented the market of Global Goods Carriers Vehicle market by Type (PMSM, Asynchronous Motor and Others), Application (Plug-in hybrid electric vehicle (PHEV), Electric vehicle (EV) and Others) and Region.
On the basis of Type, PMSM are dominating the market in the year 2023 where as Asynchronous Motor stood as second largest market share.
On the basis of application, Plug-in hybrid electric vehicle segment is dominating the market in the year 2023 where as Electric vehicle segment stood as second largest market .On the basis of geography, the market of Goods Carriers Vehicle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Industrial will boost the Goods Carriers Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for specific transport solutions by end users
Market Growth Drivers:
Rising demand in the logistics industry and Integration of secure safety features
Challenges:
Rising diesel prices along with stringent government regulations
Restraints:
Environmental concerns associated with goods carrier vehicles
Opportunities:
Introduction of electric vehicles and Introduction of autonomous goods carrier vehicles
Market Leaders and their expansionary development strategies
In September 2023, Automotive logistics-as-a-service platform Acertus announced its acquisition of transportation provider and vehicle resale company RCG Logistics. Terms of the deal were not disclosed.
In Jan 2019, Daimler Trucks North America (DTNA) introduced the first SAE Level 2 automated truck in series production in North America with the latest enhancements to the Freightliner new Cascadia.
Key Target Audience
Manufacturers of goods carriers vehicle, Suppliers of goods carriers vehicle parts, Wholesalers, distributers and retailers of goods carriers vehicle, Automotive industry, Logistics and Governmental bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.