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.
