Key players in the medium-duty truck market are employing several organic and inorganic strategies such as technological advancements, strategic collaborations and partnerships, mergers and acquisitions, and regional expansions to earn high profits. The industry giants are collaborating with other players and tech firms to develop medium-duty trucks with advanced features such as telematics, GPS, and advanced driver-assistance systems.
To grab sustainability trend opportunities, the leading companies are focusing on introducing EV medium-duty trucks. The strict environmental regulations across the world are necessitating end use organizations to adopt sustainable vehicles including EV medium-duty trucks, boosting the profit shares of medium-duty truck market players. Furthermore, they are entering into regional expansion strategies to tap new revenue streams.
Some of the key players medium-duty truck market include:
Author Credits: Saima Khursheed
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