High-Performance Trucks Market to Witness a Pronounce Growth During 2025
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 high-performance trucks market. Also, increase in demand for long-haul trucks for efficient transportation of goods has also boosted the demand for high-performance trucks globally. 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. Pickup trucks are projected to be the fastest and largest growing segment of the hig...