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The Indian truck market reached a value of US$ 10,850 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 12% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
The market is currently experiencing strong growth rates and is catalyzed by a number of factors. Trucks offer numerous advantages over railways. For instance, in contrast to rail transport, trucks can accept products in smaller quantities, they can also reach rural and hilly regions and also require less time than the rail for the loading and unloading of the products. Additionally, India’s strong economic growth has also been a major driver of the truck industry. The strong economic growth has further catalyzed the growth of sectors such as infrastructure, real estate, logistics, mining, etc. Other factors that are driving this market include rising incomes, urbanization, growth in the rural economy, e-commerce, etc. Moreover, GST has further simplified doing business in India.
This report provides a deep insight into the Indian truck market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for truck manufacturers, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian truck market in any manner.
IMARC Group provides an analysis of the key trends in each sub-segment of the India truck market, along with forecasts for growth at the country and regional level from 2021-2026. Our report has categorized the market based on vehicle type, tonnage capacity, fuel type and application.
Breakup by Region:
Breakup by Vehicle Type:
Breakup by Tonnage Capacity:
Breakup by Fuel Type:
Breakup by Application:
The report has also analysed the competitive landscape of the market with some of the key players being Tata Motors Limited, Ashok Leyland Limited, VE Commercial Vehicles Limited, Mahindra & Mahindra Limited, SML Isuzu Limited, Daimler India Commercial Vehicles Pvt. Ltd, AMW Motors Ltd., MAN Truck & Bus, Hino Motors Sales India Private Limited and Scania Commercial Vehicle India Pvt Ltd.
|Base Year of the Analysis||2020|
|Segment Coverage||Vehicle Type, Tonnage Capacity, Fuel Type, Application, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Companies Covered||Tata Motors Limited, Ashok Leyland Limited, VE Commercial Vehicles Limited, Mahindra & Mahindra Limited, SML Isuzu Limited, Daimler India Commercial Vehicles Pvt. Ltd, AMW Motors Ltd., MAN Truck & Bus, Hino Motors Sales India Private Limited and Scania Commercial Vehicle India Pvt Ltd.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 1999
Five User License: US$ 2999
Corporate License: US$ 3999
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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