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India Truck Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The India truck market size reached US$ 16,832 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 33,018 Million by 2027, exhibiting a growth rate (CAGR) of 10.5% during 2022-2027. 

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. 

 

 
 

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This report provides a deep insight into the India 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 India truck market in any manner.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India truck market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on vehicle type, tonnage capacity, fuel type and application.

Breakup by Region:

  • North India
  • East India
  • West and Central India
  • South India
     

Breakup by Vehicle Type:

 

 
 

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  • Heavy Duty Truck
  • Medium Duty Truck
  • Light Duty Truck
     

Breakup by Tonnage Capacity:

  • 3.5 – 7.5 Tons
  • 7.5 – 16 Tons
  • 16 – 30 Tons
  • Above 30 Tons
     

Breakup by Fuel Type:

  • Diesel
  • Petrol
  • CNG & LNG
     

Breakup by Application:

  • Construction
  • Logistics
  • Others
     

Value Chain Analysis

Key Drivers and Challenges

Porters Five Forces Analysis

PESTEL Analysis

Government Regulations

Competitive Landscape:

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., Hino Motors Sales India Private Limited and Scania Commercial Vehicle India Pvt Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
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., 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$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
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:

  • How has the India truck market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the India truck industry?
  • What has been the impact of COVID-19 on the India truck market?
  • What is the breakup of the India truck market on the basis of vehicle type?
  • What is the breakup of the India truck market on the basis of tonnage capacity?
  • What is the breakup of the India truck market on the basis of fuel type?
  • What is the breakup of the India truck market on the basis of application?
  • What are the various stages in the value chain of the India truck industry?
  • What are the key driving factors and challenges in the India truck industry?
  • What is the structure of the India truck industry and who are the key players?
  • What is the degree of competition in the India truck industry?
  • What are the profit margins in the India truck industry?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   India Truck Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Vehicle Type
    5.5    Market Breakup by Tonnage Capacity
    5.6    Market Breakup by Fuel Type
    5.7    Market Breakup by Application
    5.8    Market Breakup by Region
    5.9    Market Forecast
    5.10    SWOT Analysis
        5.10.1    Overview
        5.10.2    Strengths
        5.10.3    Weaknesses
        5.10.4    Opportunities
        5.10.5    Threats
    5.11    Value Chain Analysis
    5.12    Porters Five Forces Analysis
        5.12.1    Overview
        5.12.2    Bargaining Power of Buyers
        5.12.3    Bargaining Power of Suppliers
        5.12.4    Degree of Competition
        5.12.5    Threat of New Entrants
        5.12.6    Threat of Substitutes
    5.13    PESTEL Analysis
        5.13.1    Political
        5.13.2    Economic
        5.13.3    Social
        5.13.4    Legal
        5.13.5    Environmental
        5.13.6    Technological
    5.14    Price Analysis
6   Market Breakup by Vehicle Type
    6.1    Heavy Duty Truck
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Medium Duty Truck
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Light Duty Truck
        6.3.1    Market Trends
        6.3.2    Market Forecast
7   Market Breakup by Tonnage Capacity
    7.1    3.5 – 7.5 Tons
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    7.5 – 16 Tons
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    16 – 30 Tons
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Above 30 Tons
        7.4.1    Market Trends
        7.4.2    Market Forecast
8   Market Breakup by Fuel Type
    8.1    Diesel
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Petrol
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    CNG & LNG
        8.3.1    Market Trends
        8.3.2    Market Forecast
9   Market Breakup by Application
    9.1    Construction
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Logistics
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Others
        9.3.1    Market Trends
        9.3.2    Market Forecast
10 Market Breakup by Region
    10.1    North India
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    West and Central India
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    South India
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    East India
        10.4.1    Market Trends
        10.4.2    Market Forecast
11 Government Regulations
12 Strategic Recommendations
13 Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Tata Motors Limited
        13.3.2    Ashok Leyland Limited
        13.3.3    VE Commercial Vehicles Limited
        13.3.4    Mahindra & Mahindra Limited
        13.3.5    SML Isuzu Limited
        13.3.6    Daimler India Commercial Vehicles Pvt. Ltd
        13.3.7    AMW Motors Ltd.
        13.3.8    Hino Motors Sales India Private Limited
        13.3.9     Scania Commercial Vehicle India Pvt Ltd.

List of Figures

Figure 1: India: Truck Market: Major Drivers and Challenges
Figure 2: India: Truck Market: Sales Value (in Million US$), 2016-2021
Figure 3: India: Truck Market: Breakup by Vehicle Type (in %), 2021
Figure 4: India: Truck Market: Breakup by Tonnage Capacity (in %), 2021
Figure 5: India: Truck Market: Breakup by Fuel Type (in %), 2021
Figure 6: India: Truck Market: Breakup by Application (in %), 2021
Figure 7: India: Truck Market: Breakup by Region (in %), 2021
Figure 8: India: Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: India: Truck Industry: SWOT Analysis
Figure 10: India: Truck Industry: Value Chain Analysis
Figure 11: India: Truck Industry: Porter’s Five Forces Analysis
Figure 12: India: Truck Industry: PESTEL Analysis
Figure 13: India: Truck (Heavy Duty Truck) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: India: Truck (Heavy Duty Truck) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: India: Truck (Medium Duty Truck) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: India: Truck (Medium Duty Truck) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: India: Truck (Light Duty Truck) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: India: Truck (Light Duty Truck) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: India: Truck (3.5 – 7.5 Tons) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: India: Truck (3.5 – 7.5 Tons) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: India: Truck (7.5 – 16 Tons) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: India: Truck (7.5 – 16 Tons) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: India: Truck (16 – 30 Tons) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: India: Truck (16 – 30 Tons) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: India: Truck (Above 30 Tons) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: India: Truck (Above 30 Tons) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Truck (Diesel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Truck (Diesel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: Truck (Petrol) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: Truck (Petrol) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: India: Truck (CNG & LNG) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: India: Truck (CNG & LNG) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: India: Truck (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: India: Truck (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: India: Truck (Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: India: Truck (Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Truck (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: India: Truck (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: North India: Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: North India: Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: West and Central India: Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: West and Central India: Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: South India: Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: South India: Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: East India: Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: East India: Truck Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: India: Truck Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Truck Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: India: Truck Market Forecast: Breakup by Tonnage Capacity (in Million US$), 2022-2027
Table 4: India: Truck Market Forecast: Breakup by Fuel Type (in Million US$), 2022-2027
Table 5: India: Truck Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: India: Truck Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: India: Truck Market Structure
Table 8: India: Truck Market: Key Players


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