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North American Class 6-8 Truck Market – 2016-2025 – Market Dynamics, Competitive Landscape, OEM Strategies & Plans, Trends & Growth Opportunities, Market Outlook

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NEW YORK, Jan. 23, 2017 /PRNewswire/ — The demand for medium & heavy Trucks registered strong growth in the U.S. market in 2015 with robust freight activity, fleet utilization and growing profitability for fleet operators with plummeting of crude oil prices. The North American Heavy Truck Market registered a strong 12% growth, with respect to unit sales, in 2015 driven by strong drivers & favorable conditions as the U.S. Economy continues to prove itself as the stable cornerstone of the global economy with strong economic growth momentum. The demand outlook for 2016, however, seems weaker with market headed towards the cooling off phase as witnessed with significantly weaker Class 8 registrations for the first half of 2016.

SOURCE Reportlinker

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