DUBLIN, September 23, 2021–(BUSINESS WIRE)–The report “Comparative SWOT & Strategy Focus – 2021-2025 – Global Top 7 Medium & Heavy Truck Manufacturers – Daimler, Volvo, MAN, Scania, PACCAR, Navistar, Iveco” has been added to from ResearchAndMarkets.com offer.
The global trucking industry is in recovery mode following significant headwinds caused by the COVID-19 outbreak in 2020
COVID-19 led to lower volumes as well as lower profitability for OEMs, with a recovery seen in the latter part of the year thanks to the unprecedented boom in e-commerce. The industry, however, continues to record a steady recovery in 2021 while making steady progress towards the development of sustainable technologies focused on decarbonizing transportation. Efforts have been primarily led by electric battery and fuel cell technologies, with the tipping point for electric trucks likely to materialize in the near term with mass assembly of electric trucks set to begin in the trucking giants. , Daimler and Volvo, joined by VW’s Traton and PACCAR, with a host of start-ups, led by Tesla, following suit. In addition, mass market production and introduction of hydrogen trucks across Europe by 2030 is also underway as part of the industry’s H2Accelerate initiative. The rapid movement towards decarbonization and sustainability has also led to an increase in M&A activity as well as joint ventures and partnerships among major industry players, the same likely to see a further rise in the future.
The trucking industry and market landscape continues to be disrupted at a rapid pace by the triad of Connectivity, Autonomous and Electric technologies
Additionally, a host of technology-driven industrial startups have accelerated and catalyzed the pace of technology-induced market disruption through the deployment of new business models, ideas, solutions, and concepts. These are likely to pose a serious challenge to traditional industry operators who have also faced increasing competitive intensity, particularly from VW, given Traton’s continued and rapid inorganic expansion spree in the over the years, with the brand being VW’s latest invasion of the North American truck market following the completion of the acquisition of Navistar aimed at effective diversification of market presence beyond continental Europe.
Against this backdrop, the report provides a comprehensive SWOT and strategic benchmarking analysis on the global top 7 manufacturers of medium and heavy duty trucks. The report analyzes how key industry OEMs are positioned, based on their strengths and weaknesses, and preparing for the highly dynamic and rapidly changing agricultural market landscape with reference to emerging opportunities and potential threats.
Main topics covered:
Section – 1 Company Structure and Overview – Top 7 Medium and Heavy Duty Truck Manufacturers in the World
Section – 2 Overview and Analysis of Financial Performance – Charts and Analysis for each company:
Section – 3 SWOT Analysis
Section – 4 Comparative Analysis of Strengths
Section – 5 Comparative Analysis of Weaknesses
Section – 6 Strategic Direction for OEMs – Short to Medium Term – For Top 7 Medium and Heavy Duty Truck Manufacturers
Section – 7 Analysis of Key Strategies and Plans for Top 7 Truck OEMs – Short and Medium Term
Section – 8 key trends
Section – 9 Main issues, challenges and risk factors
Section – 10 Global Medium and Heavy Duty Trucks Market – Force Field Analysis – Analysis of driving and restraining forces and their overall dynamics
Section – 11 Global Medium & Heavy Duty Trucks Market- Strategic Outlook to 2026
For more information about this report visit https://www.researchandmarkets.com/r/ll8wm7
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210923005422/en/
Laura Wood, Senior Press Officer
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