Medium-duty Truck Market Segmentation:
Fuel (Diesel, Natural Gas, Hybrid, Electric, Gasoline)
Diesel segment is anticipated to dominate medium-duty truck market share of over 55.5% by 2035 owing to rising adoption of diesel medium-duty trucks for fuel efficiency, high torque & power, and durability. Modern diesel engine medium-duty trucks are more fuel-efficient than gasoline counterparts. Diesel medium-duty trucks achieve lower carbon emissions, provide better mileage, and also reduce fuel costs, making them a prime choice for fleet operators. Furthermore, diesel engines produce high torque at lower revolutions per minute (RPM), which makes them effective models for frequent stop-and-go driving conditions. Also, as diesel engines can handle high stress and are less susceptible to wear and tear, they lead to lower maintenance and durability when installed in medium-duty trucks.
Application (Construction & Mining, Freight & Logistics, Others)
In medium-duty truck market, freight & logistics segment is set to account for revenue share of more than 45.3% by the end of 2035. The rise in freight and logistics activities across the world is augmenting the sales of medium-duty trucks. This static underscores that the rise in freight and logistics operations is estimated to have a positive influence on the demand for medium-duty trucks. The freight and logistics operators are also widely demanding advanced medium-duty trucks particularly those equipped with telematics as they offer high safety, efficient tracking systems, and cost-effectiveness in modern supply chain operations.
Our in-depth analysis of the medium-duty truck market includes the following segments:
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