MarketLine Blog

Posts tagged to Trucks

Keep on trucking; global truck market demonstrates resilience

MarketLine

The global truck market experienced strong growth during 2009-2013, fuelled by the Americas as the US’ economic recovery and South America’s dynamic economies continue to gather strength, and the Asia-Pacific region as China and India continue to show strong growth. With Western Europe also finally showing signs of sustainable recovery, the short term future for the truck market looks promising. The global truck industry (which includes light commercial vehicles, light buses and coaches, commercial vehicles, buses and coaches, heavy commercial vehicles, and heavy buses and coaches in this research) grew… Read more

Developing Countries Propping up the Truck Manufacturing Industry

  Because of on-going financial difficulties being experienced in many nations around the world, truck manufacturers in a myriad of countries have suffered. However, developing countries such as India and China have propped up the industry, allowing the global value to increase despite weak economic conditions in Western countries. The global truck manufacturers industry grew by 8.3% in 2011, to reach a value of $558.6 billion, representing a compound annual growth rate of 4.5% for the period spanning 2007-2011. Growth was primarily driven by demand in South America and Asia-Pacific,… Read more