European Medium and Heavy Truck Market - 2024-2027 - Market Dynamics, Competitive Landscape, Strategies & Plans for Industry OEMs, Trends & Growth Opportunities and Market Outlook
Trucking is headed for a soft landing and is poised to cool down in 2024 as well as over near term across traditional markets with projected softening of demand, after registering strong growth for 2022 & 2023, with order intake for new trucks declining, owing to softening of freight rates as well as volumes across traditional markets, while the industry OEMs focus upon & hustle to deliver previously ordered trucks to customers & fleet operators amid continued supply chain disturbances in a difficult, complex & uncertain global macroeconomic environment. New heavy truck registrations in Europe grew by 15% year-on-year for 2023 with 3,41,892 heavy trucks registered across EU30. However, the forecast for 2024 indicates a market correction & normalization with new, heavy truck registrations projected to contract by 18% across EU30 for 2024 to the 280,000 units level while fleet utilization remains at usual levels providing steady aftermarket revenues growth potential for the OEMs. The high cost of capital, owing to a sustained high interest rate credit environment, is impacting & deferring fleet replacement decisions which is also likely to be favorable for the used trucks and truck rental leasing segments over near term. Further, the global economy is projected to be heading towards a slowdown following continued monetary policy tightening by central banks globally over the recent years to check inflation creating a tight credit environment amid sustained geopolitical instability & conflicts with ongoing Israeli military operations in Gaza causing tensions and keeping the entire Middle East region as well as the entire world on the edge, and the ongoing Russia-Ukraine war, which continues unabated and enters its third year in 2024.
Trucking's ongoing transition towards de-carbonization, led by the mass production of battery electric & hydrogen fuel cell based trucks, has been the overarching theme along with the development of innovative services & business models configured on connectivity, digitalization & autonomy, which is likely to gain further momentum going forward. Most key industry OEMs are now focusing on ramping-up of production of Zero Emission Vehicles (ZEV) while also collaborating among each other and with other industry specialists for development of the requisite ecosystem for smooth transition towards sustainability. Further, the proposed Euro 7 emission standards for Trucks, which will be much more stricter & are scheduled to come into effect across EU from 2027, are likely to significantly increase the direct acquisition costs & indirect operating costs for the operators while having a limited impact on the environment with the industry instead pushing for a like-for-like replacement of existing fleets with electric alternatives rather than investing significantly towards R&D for complying with the proposed Euro 7 norms.The stricter regulatory stance & approaches, however, is likely to bring in additional, direct & indirect costs for buyers & fleet operators going forward in a tight credit market environment and is likely to impact fleet recapitalizations by operators while also forcing OEMs to invest further towards R&D for developing technologies to meet upcoming emission norms rather than focusing on ramping up production of Zero-Emission Vehicles (ZEVs).
Against this backdrop, the report provides comprehensive insights & strategic analysis into the European Medium & Heavy Truck Market with focus on a blend of quantitative & qualitative analysis. Part 1 of the report analyzes market size, drivers & competitive landscape for the Europe’s Medium & Heavy Truck Market. Part 2 provides detailed analysis on key industry OEMs, including, profiles & snapshot of product portfolios, financial analysis, SWOT framework analysis and key insights into the strategies & plans of these OEMs. Part 3 projects the market evolution likely over medium term with analysis of key market & technological trends, issues & challenges, market developments & potential growth opportunities which could be leveraged by the industry value chain. The report concludes by analyzing market evolution and projecting demand outlook for the European Medium & Heavy Truck Market for the near to medium term horizon.
For Whom: Key Decision-Makers across Industry Value Chain
The report will be essential & a key resource for those associated with and having strategic interest in the Global Trucking Industry. The report will be especially useful for:-
Trucking's ongoing transition towards de-carbonization, led by the mass production of battery electric & hydrogen fuel cell based trucks, has been the overarching theme along with the development of innovative services & business models configured on connectivity, digitalization & autonomy, which is likely to gain further momentum going forward. Most key industry OEMs are now focusing on ramping-up of production of Zero Emission Vehicles (ZEV) while also collaborating among each other and with other industry specialists for development of the requisite ecosystem for smooth transition towards sustainability. Further, the proposed Euro 7 emission standards for Trucks, which will be much more stricter & are scheduled to come into effect across EU from 2027, are likely to significantly increase the direct acquisition costs & indirect operating costs for the operators while having a limited impact on the environment with the industry instead pushing for a like-for-like replacement of existing fleets with electric alternatives rather than investing significantly towards R&D for complying with the proposed Euro 7 norms.The stricter regulatory stance & approaches, however, is likely to bring in additional, direct & indirect costs for buyers & fleet operators going forward in a tight credit market environment and is likely to impact fleet recapitalizations by operators while also forcing OEMs to invest further towards R&D for developing technologies to meet upcoming emission norms rather than focusing on ramping up production of Zero-Emission Vehicles (ZEVs).
Against this backdrop, the report provides comprehensive insights & strategic analysis into the European Medium & Heavy Truck Market with focus on a blend of quantitative & qualitative analysis. Part 1 of the report analyzes market size, drivers & competitive landscape for the Europe’s Medium & Heavy Truck Market. Part 2 provides detailed analysis on key industry OEMs, including, profiles & snapshot of product portfolios, financial analysis, SWOT framework analysis and key insights into the strategies & plans of these OEMs. Part 3 projects the market evolution likely over medium term with analysis of key market & technological trends, issues & challenges, market developments & potential growth opportunities which could be leveraged by the industry value chain. The report concludes by analyzing market evolution and projecting demand outlook for the European Medium & Heavy Truck Market for the near to medium term horizon.
For Whom: Key Decision-Makers across Industry Value Chain
The report will be essential & a key resource for those associated with and having strategic interest in the Global Trucking Industry. The report will be especially useful for:-
- Key Decision-Makers across the Trucking Industry
- Program Managers
- Top Management of Industry OEMs, Players across Industry Value Chain & Other Companies
- Suppliers, Vendors, Technology & Services Providers and other Key Players across the Industry Value Chain
- Existing & Potential Investors
- Industry & Company Analysts
- M&A Advisory Firms
- Strategy & Management Consulting Firms
- PE Firms, Venture Capitalists and Financing & Leasing Companies
- Researchers and all those associated with the industry in general
Part 1: Market Size, Segmentation & Competitive Landscape
SECTION – 1
European Medium & Heavy Truck Market (EU+EFTA)
Market Overview
Market Size
Market Segmentation
Key Drivers
SECTION 2
Competitive Landscape European Market for Medium & Heavy Trucks Market Share for OEMs
Part 2: Analysis on Key Industry OEMs
SECTION – 3
Top 5 Industry OEMs Profiles & Product Portfolio Snapshot
Daimler Truck AG
Volvo AB
Traton SE Including MAN & Scania
Iveco S.p.A.
DAF N.V.
SECTION – 4
Financial Performance Analysis – Top 5 Industry OEMs
1. Revenue Base & Growth Trend
2. Revenues Split by Key Segments
3. Revenues Split by Key Geographic Markets & Regions
4. Gross Earnings & Margin Trend
5. Operating Earnings & Operating Margin Trend
6. Return on Sales Trend
7. Profitability Growth Trend
8. Cash Flow from Operations
9. R&D Expenditure Trend
10. CAPEX Trend
11. Order Intake & Truck Deliveries Trend
SECTION 5
OEM Strategies & Plans – Comprehensive Analysis of Strategies & Plans for Top 5 Industry OEMs – Daimler, Volvo, Traton, Iveco & DAF
Analysis Coverage:
Product Portfolio Strategies & Plans
Market Specific Strategies & Plans
R&D Strategies & Plans
Growth Strategies & Plans
Business and Corporate Strategies & Plans
Sales & Marketing Strategies & Plans
Production/Manufacturing Strategies & Plans
Financial Strategies & Plans
Acquisitions, Strategic Alliances & JVs
Other Strategies & Strategic Initiatives
SECTION – 6
SWOT Analysis – On Top 5 Industry OEMs
Strengths to be Leveraged
Weaknesses to be worked on
Opportunities to be capitalized upon
Threats to be negated & mitigated
Part 3: Market & Technology Trends, Emerging Demand Scenario and Strategic Market Outlook through 2027
SECTION – 7
Key Trends
Market Trends
Technology Trends
SECTION – 8
Key Issues, Challenges & Risk Factors
SECTION – 9
European Medium & Heavy Truck Market – Force Field Analysis Analysis of Driving & Restraining Forces and their Overall Dynamics
Driving Forces
Restraining Forces
SECTION – 10
Strategic Market Outlook through 2027
Analysis of Emerging Market Scenario for the European Medium & Heavy Truck Market
Demand Outlook Medium Term
Forecast & Growth Projections for the European Medium & Heavy Truck Market through 2027
SECTION – 1
European Medium & Heavy Truck Market (EU+EFTA)
Market Overview
Market Size
Market Segmentation
Key Drivers
SECTION 2
Competitive Landscape European Market for Medium & Heavy Trucks Market Share for OEMs
Part 2: Analysis on Key Industry OEMs
SECTION – 3
Top 5 Industry OEMs Profiles & Product Portfolio Snapshot
Daimler Truck AG
Volvo AB
Traton SE Including MAN & Scania
Iveco S.p.A.
DAF N.V.
SECTION – 4
Financial Performance Analysis – Top 5 Industry OEMs
1. Revenue Base & Growth Trend
2. Revenues Split by Key Segments
3. Revenues Split by Key Geographic Markets & Regions
4. Gross Earnings & Margin Trend
5. Operating Earnings & Operating Margin Trend
6. Return on Sales Trend
7. Profitability Growth Trend
8. Cash Flow from Operations
9. R&D Expenditure Trend
10. CAPEX Trend
11. Order Intake & Truck Deliveries Trend
SECTION 5
OEM Strategies & Plans – Comprehensive Analysis of Strategies & Plans for Top 5 Industry OEMs – Daimler, Volvo, Traton, Iveco & DAF
Analysis Coverage:
Product Portfolio Strategies & Plans
Market Specific Strategies & Plans
R&D Strategies & Plans
Growth Strategies & Plans
Business and Corporate Strategies & Plans
Sales & Marketing Strategies & Plans
Production/Manufacturing Strategies & Plans
Financial Strategies & Plans
Acquisitions, Strategic Alliances & JVs
Other Strategies & Strategic Initiatives
SECTION – 6
SWOT Analysis – On Top 5 Industry OEMs
Strengths to be Leveraged
Weaknesses to be worked on
Opportunities to be capitalized upon
Threats to be negated & mitigated
Part 3: Market & Technology Trends, Emerging Demand Scenario and Strategic Market Outlook through 2027
SECTION – 7
Key Trends
Market Trends
Technology Trends
SECTION – 8
Key Issues, Challenges & Risk Factors
SECTION – 9
European Medium & Heavy Truck Market – Force Field Analysis Analysis of Driving & Restraining Forces and their Overall Dynamics
Driving Forces
Restraining Forces
SECTION – 10
Strategic Market Outlook through 2027
Analysis of Emerging Market Scenario for the European Medium & Heavy Truck Market
Demand Outlook Medium Term
Forecast & Growth Projections for the European Medium & Heavy Truck Market through 2027
