Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
Initially, this model was offered only as a regular cab with a six-speed manual transmission, tires on 22-inch rims, and a lowered suspension with Bilstein shocks. The power range, which was initially 0- 60 times in the 5-second range was enhanced by a 4.56:1 axle ratio. The aerodynamic enhancements helped the vehicle emerge as one of the fastest pickup trucks at 154.587 mph. Dodge is one of the standout examples of companies that were intricately involved in the manufacturing of high-performance trucks in North America, as well as in the European markets, especially in the last five years. The growth of the market could be accounted for the increasing demand for high-performance commercial vehicles from the manufacturing and industrial sectors.
In the United States, the market growth is expected to remain below historic trends. The forecast for GDP growth is 4%-5%, which is primarily due to the slower-than-expected global growth. The situation is different in Canada, since low oil prices affect the economy more substantially. However, the commercial truck sales have started to increase faster in Canada than in the United States. A majority of trucks built in North America are sold in the country itself.
As a result, automotive events likely to happen in the United States during 2018 are far more important to the forecast for truck sales than events in the global economy. The construction sector in the United States has been performing well because of the growth in the residential segment, outweighing a decline in the non-residential segment. The high-performance commercial vehicle is essentially required to deliver better performances by aligning and upgrading the vehicle’s engine with superchargers and turbochargers.
Based on transmission type, the market has been segmented as Automatic, Manual, and Semi-automatic. The semi-automatic segment is projected to be the fastest growing segment due to the benefits provided by the transmission, such as comforts similar to the automatic transmission system, and the fuel efficiency which can also be achieved by manual transmission. Also, the low cost of semi-automatic transmission, when compared to the automatic transmission system, is leading to an increase in usage in the developing and the cost-sensitive region, such as the Asia Pacific. By the vehicle type, the market is segmented into Conventional Pickups, Crew Cabs, Sports Trucks, Long-haul Trucks; Engine- Supercharged Gasoline, Supercharged or Turbocharged Diesel, Conventional Diesel, and others.
Increasing Demand in the North America High-Performance Trucks Market
Major factors contributing to the growth of the North America high-performance truck market, is the introduction of stringent emission norms by the government of various developing and developed nations, and increase in the supply of temperature-sensitive material. This is leading to a rise in the demand for high-performance refrigerated trucks, the increase in the demand for frozen perishable commodities and growth of organized retail industry majorly in the developing economies, and the significant growth in the infrastructure.
However, the growth of the high-performance trucks market is expected to be restrained by the huge cost of manufacturing and the limited scope of electrification of such high-performance trucks. However, the introduction of high-performance electric trucks with advanced features for ensuring better performance and enhanced driver comfort is expected to generate tremendous opportunities during the forecast period.
Major Players: CHEVROLET, LINCOLN, ARDEN DODGE, FORD, VOLVO TRUCKS, GMC, amongst others.
Key Developments in the Market
March 2018: Ford to increase its electrified vehicle investment to USD 11 billion. 86% trucks and SUVs are anticipated to be in the product mix, by 2020.
March 2018: Volvo trucks’ new VNX series is heavy-haul’s new heavy hitter. It built specifically for the needs of heavy-haul trucking operations. It is available with up to 605 horsepower and 2,050 ft.lb. of torque.
Reasons to purchase this report
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Detailed analysis on the product type that is expected to dominate the market
• Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
• Identifying the latest developments, market shares, and strategies employed by the major market players.
• 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your need.
In the United States, the market growth is expected to remain below historic trends. The forecast for GDP growth is 4%-5%, which is primarily due to the slower-than-expected global growth. The situation is different in Canada, since low oil prices affect the economy more substantially. However, the commercial truck sales have started to increase faster in Canada than in the United States. A majority of trucks built in North America are sold in the country itself.
As a result, automotive events likely to happen in the United States during 2018 are far more important to the forecast for truck sales than events in the global economy. The construction sector in the United States has been performing well because of the growth in the residential segment, outweighing a decline in the non-residential segment. The high-performance commercial vehicle is essentially required to deliver better performances by aligning and upgrading the vehicle’s engine with superchargers and turbochargers.
Based on transmission type, the market has been segmented as Automatic, Manual, and Semi-automatic. The semi-automatic segment is projected to be the fastest growing segment due to the benefits provided by the transmission, such as comforts similar to the automatic transmission system, and the fuel efficiency which can also be achieved by manual transmission. Also, the low cost of semi-automatic transmission, when compared to the automatic transmission system, is leading to an increase in usage in the developing and the cost-sensitive region, such as the Asia Pacific. By the vehicle type, the market is segmented into Conventional Pickups, Crew Cabs, Sports Trucks, Long-haul Trucks; Engine- Supercharged Gasoline, Supercharged or Turbocharged Diesel, Conventional Diesel, and others.
Increasing Demand in the North America High-Performance Trucks Market
Major factors contributing to the growth of the North America high-performance truck market, is the introduction of stringent emission norms by the government of various developing and developed nations, and increase in the supply of temperature-sensitive material. This is leading to a rise in the demand for high-performance refrigerated trucks, the increase in the demand for frozen perishable commodities and growth of organized retail industry majorly in the developing economies, and the significant growth in the infrastructure.
However, the growth of the high-performance trucks market is expected to be restrained by the huge cost of manufacturing and the limited scope of electrification of such high-performance trucks. However, the introduction of high-performance electric trucks with advanced features for ensuring better performance and enhanced driver comfort is expected to generate tremendous opportunities during the forecast period.
Major Players: CHEVROLET, LINCOLN, ARDEN DODGE, FORD, VOLVO TRUCKS, GMC, amongst others.
Key Developments in the Market
March 2018: Ford to increase its electrified vehicle investment to USD 11 billion. 86% trucks and SUVs are anticipated to be in the product mix, by 2020.
March 2018: Volvo trucks’ new VNX series is heavy-haul’s new heavy hitter. It built specifically for the needs of heavy-haul trucking operations. It is available with up to 605 horsepower and 2,050 ft.lb. of torque.
Reasons to purchase this report
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Detailed analysis on the product type that is expected to dominate the market
• Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
• Identifying the latest developments, market shares, and strategies employed by the major market players.
• 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your need.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
