Global truck market trends in 7 slides

According to analysis conducted by consulting firm Frost & Sullivan, global commercial vehicle sales will top some 2.68 million units this year, up from 2.61 million units in 2015. The mid-market "value truck" or "low cost truck" segment to gain 2 percent segment share in 2016, with China accounting for 40% of the global "value truck" market.

Sean Kilcarr

March 15, 2016

According to analysis conducted by consulting firm Frost & Sullivan, global commercial vehicle sales will top some 2.68 million units this year, up from 2.61 million units in 2015. After gaining market share for over eight years, the "low-cost" and "premium" truck segments will cede 2 percent market share to what are known as "value trucks: mid-market trucks that are higher priced than low-cost trucks but lower than premium trucks, with China accounting for 40% of that global "value truck" market, the firm said.

About the Author

Sean Kilcarr

Editor in Chief

Sean Kilcarr is a former longtime FleetOwner senior editor who wrote for the publication from 2000 to 2018. He served as editor-in-chief from 2017 to 2018.