The High-Performance Trucks Market, by volume, had a market size of 1.7 Million units in 2016 and is projected to reach 2.5 Million units by 2025, at a CAGR of 4.06% during the forecast period. Increasing demand for special application trucks with high engine power requirement and increasing focus toward fuel economy standards have triggered the growth of the market. Also, increase in demand for long-haul trucks for efficient transportation of goods has also boosted the demand for high-performance trucks globally.

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The research methodology used in the report involves primary and secondary sources and follows a bottom-up approach for market estimation. The study involves country-level model mapping of pickup trucks and medium-& heavy-duty trucks for their technical specifications and filtered the trucks with power output >250 hp. Further, the analysis of different applications considered for high-performance trucks (dumping, distribution, refrigeration, tanker, container, RMC, and special application). This analysis involves historical trends as well as existing penetrations by country as well as application. The analysis is projected based on various factors such as government regulations, key developments, public acceptance, and adoption rate by OEMs. The analysis has been discussed and validated by primary respondents, which include experts from the high-performance trucks OEMs, and Tier I suppliers. Secondary sources include associations such as Green Truck Association (GTA), International Council on Clean Transportation (ICCT), OEMs’ websites and annual reports, and paid databases and directories such as Factiva and Bloomberg.

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The ecosystem of the high-performance trucks market consists Tier I suppliers such as ZF (Germany), Cummins (US), and Eaton (Ireland). These systems and components are supplied to OEMs of medium- & heavy-duty trucks such as Daimler (Germany), Volvo (Sweden), and MAN (Germany). It also includes OEMs of pickup trucks such as Ford (US), GMC (US), and others.

Target Audience

• Medium- and heavy-duty truck OEMs
• Pickup truck OEMs
• Engine suppliers
• Transmission system suppliers
• Alternate fuel technology suppliers
• Industry associations and experts

The key factors restraining the growth of the market are the shifting focus toward electric trucks and government incentives to promote electric vehicles. With decreased limits of tail-pipe emissions and increasing fuel-efficiency limits in regulations, the OEMs are focusing on developing electric trucks, which would result in increased electric truck production. Similarly, governments are encouraging the use of electric trucks and investing in building infrastructure for electric trucks. For instance, in 2016, the UK government has announced schemes worth USD 4.52 million for boosting the sale of electric truck and vans in the UK. A few global players dominate the market. Some of the key manufacturers operating in the market are Volvo (Sweden), Daimler (Germany), Scania (Sweden), MAN (Germany), and Allison (US).

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