Global truck market trends in 7 slides

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. 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. 

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 reports and comments on trends affecting the many different strata of the trucking industry -- light and medium duty fleets up through over-the-road truckload, less-than-truckload, and private fleet operations Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

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