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The global medium & heavy trucks industry posts strong growth in 2013


Despite the on-going financial difficulties being experienced in many nations around the world, demand for medium & heavy trucks has continued to grow, with strong growth experienced in 2013. The global medium & heavy trucks industry grew by 7.5% in 2011, to reach a value of $209.8 billion, representing a compound annual growth rate of 9.9% for the period spanning 2009-2013. Stronger growth was experienced in the smaller markets – the Americas and the Middle East and Africa, although growth was strong in the largest market, the Asia-Pacific. Growth was… Read more