Global Markets for Specialty Commercial Vehicles
NEW YORK, July 20, 2017 /PRNewswire/ --
• The global market for specialty commercial vehicle bodies, and truck cab & chassis OEMS was nearly $67.8 billion in 2016. The market is projected to grow at a compound annual growth rate (CAGR) of 4.2% from $70.5 billion in 2017 to $86.6 billion by 2022.
Read the full report: http://www.reportlinker.com/p03313137/Global-Markets-for-Specialty-Commercial-Vehicles.html
• The global market for truck cab and chassis OEMs is expected to increase from $52.2 billion in 2017 to nearly $64.4 billion by 2022, with a CAGR of 4.3% from 2017 to 2022.
• The global market for specialty commercial vehicle builders is expected to increase from $18.3 billion in 2016 to $22.2 billion in 2022, with a CAGR of 3.9% from 2017 to 2022.
Introduction
Study Goals and Objectives
The purpose of this report is to provide an understanding of the global specialty commercial vehicle industry, including:
• Identifying and describing the product categories of specialty commercial vehicles and their variants.
• Estimating current and future demand for each type of specialty commercial vehicle body, and the cab and chassis they are mounted upon, in the near and midterm (2016-2022).
• Identifying the key suppliers of the cabs and chassis of specialty commercial vehicle bodies.
Reasons for Doing This Study
The global specialty commercial vehicle market is low in unit volume and extremely fragmented when compared to many other vehicular and other industrial markets. As a result, it is only very lightly covered by syndicated market research reports. Therefore, the stakeholders in the global specialty vehicle industry have insufficient tangible information with which to plan and make the critical strategic decisions to grow optimally and succeed.
Intended Audience
This report has been designed and written for the manufacturers of specialty truck bodies and their dealers, the manufacturers of the cab and chassis trucks they are mounted upon and their dealers, and their sub-suppliers. Other readers who may find substantial value in this report include members of the financial and academic community, government officials in regulatory agencies, and the end users of fleets of these vehicles.
Scope of Report
This report focuses on nine predominant categories of on-highway specialty commercial vehicles:
• Street sweeper vehicles (bodies and purpose-built).
• Winter maintenance equipment (truck-mounted).
• Sewer & catch basin cleaners and industrial vacuum truck bodies.
• Refuse collection truck bodies.
• Dump (tipper) truck bodies.
• Concrete mixer truck bodies.
• Concrete pumper truck bodies.
• Flatbed (platform) truck bodies.
• Utility (service) truck bodies.
In order to maintain a commonality of end-user segments, this study does not include specialty commercial vehicles that are commonly not utilized by the end users who use those listed above.
Those excluded are:
• Public safety vehicle bodies (fire, ambulance, and other similar types).
• Shuttle bus bodies.
• Box van bodies.
• Tow truck bodies.
Information Sources
The findings and conclusions presented in this report are based on information gathered from primary sources within the industry including suppliers and users of specialty commercial vehicle products.
Interview data were combined with information gathered through an extensive review of secondary sources such as trade publications, trade associations, company literature, and on-line databases to produce the market projections contained in this report. The base year for analysis and projection is 2016. With 2016 as a baseline, market estimates were developed for 2017 to 2022. These forecasts are based on a combination of a consensus among the primary contacts and our understanding of the key market drivers and their impact from a historical and analytical perspective.
The analytical methodologies used to generate the market estimates are described in detail in the section on detailed market estimates. The documentation is intended to enable the reader to evaluate these projections, and if desired, substitute alternative assumptions. All dollar projections presented in this report are in 2016 constant dollars unless otherwise noted.
Methodology for the Development of Market Sizing and Growth Projections
The market sizes for every segment and region in this report have been developed through the combination of dozens of inputs. The methodology includes the estimated revenues of the top competitors in each sector in each region, the data from a number of government reporting databases, and estimates of the remaining volume not accounted for by the top players. Validation checking with industry experts, as well as the analysis of the more macro market size information, ensured that the detailed results amounted to a logical level of magnitude.
The growth rates have been developed by identifying the key drivers of growth for each of the nine specialty vehicle types include:
• Determining the weighting that each affords upon each specialty vehicle type.
• Gathering multiple forecasts for each of those drivers.,
• Finally, calculating the weighted average into a growth rate for each specialty vehicle type in each region.
The original equipment manufacturer (OEM) cab chassis demand was, in turn, determined by allocating the portion of each type of cab chassis required to mate to the calculated demand level for the specialty vehicle forecast.
All growth projections are assuming slow continued but steady economic growth for macro-economic objectives in determining projections for this period.
Geographic Breakdown
In this report, the geographic regions considered for market analysis include, and only include:
• North America.
• Latin America.
• Europe, the Middle East and Africa (EMEA).
• Asia-Pacific.
Summary and Highlights
The global market for specialty commercial vehicle bodies and cab and chassis was nearly $67.8 billion in 2016. It is projected to increase at a 4.2% compound annual growth rate (CAGR) to $86.6 billion by 2022.
Read the full report: http://www.reportlinker.com/p03313137/Global-Markets-for-Specialty-Commercial-Vehicles.html
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