Oct 22, 2018   SOURCE: PR NewsWire

Comparative SWOT & Strategy Focus 2018-2023 of the Global Top 7 Medium & Heavy Truck Manufacturers

DUBLIN, Oct. 22, 2018 /PRNewswire/ --

The "Comparative SWOT & Strategy Focus - 2018-2023 - Global Top 7 Medium & Heavy Truck Manufacturers" report has been added to ResearchAndMarkets.com's offering.

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The Global Medium and Heavy Truck market has been cruising in the top gear led by steady demand growth traction across most key markets globally, led by North America & Europe, with good capacity utilization and profitability driving momentum for fleet renewal & expansion activities.

The U.S. economy has been on a solid footing with strong economic recovery along with robust freight demand & rates and transport capacity constraints boosting demand for new Class 8 trucks with the U.S. market projected to register a 30% year on year growth in new truck registrations for 2018. European markets, too, have been on a steady growth path over the recent years with the EU economy revving up with new MHCV truck registrations in the EU witnessing modest growth in 2017 with the same trend likely to be maintained in 2018.

Amongst BRIC markets, Brazilian market continues to make steady demand recovery with the economy in the resurgence mode with truck demand boosted by good agricultural output and pursuit of a low interest rate regimen. China's push for infrastructure development under fiscal stimulus measures has bolstered demand for construction equipment and trucks significantly as of late with over 1 million heavy duty trucks registered in China in 2017 with the 1 million mark likely to be crossed in 2018 as well.

The Chinese infrastructure led juggernaut is likely to be on the roll over near term with economic growth levels likely to be sustained through fiscal stimulus measures albeit slight corrections.

However, the surge in crude oil prices & the onset of the trade war amongst the world's two largest economies pose most significant downside risks to the World economic growth. The crude oil prices have been hovering over the $70 per barrel mark since early 2018. Further, the outbreak of the U.S.-China trade war over import tariffs are likely to have a significant impact on the global economic growth going forward.

IMF has already cut the world GDP growth forecast for 2018 & 2019 to 3.7% in its October 2018 forecast, down from 3.9% forecasted last quarter. Emerging markets, too, are faced with challenges to manage a tight liquidity situation and a surge in capital outflows. Additionally, truck demand has been at the peak levels for 2017 & 2018 across most markets and a cyclical downswing is likely round the corner.

The industry OEMs are busy ramping up production rates to meet robust demand levels across most markets while fine tuning their supply chains to operate efficiently in top gear. The OEMs are also renewing their product portfolios in alignment with the market upturn through new product introductions incorporating cutting edge technologies and features focused on enhanced performance as well as productivity while optimizing the total cost of ownership. The focus on services business growth and portfolio expansion has also been increasing rapidly across OEMs as soaring fleet utilization levels spur demand for maintenance, repair and overhaul activities.

The trucking industry continues to be at the forefront of a technology led transformation phase marked by confounding uncertainties and disruptions. The focus on CASE (Connected, Autonomous, Shared & Services and Electric) technologies continue to be at the core of this with OEMs continuing to integrate an array of sensors, equipment & technologies on-board truck models. The battle for electric trucks is getting fierce with almost all leading industry OEMs joining the fray with plans to foray into electric trucks segment with these electric trucks likely to be commercially produced & hit the market at the turn of the decade bringing in tectonic shifts to the traditional trucking industry & market dynamics forever.

Against this backdrop, the report provides a comprehensive Comparative SWOT framework analysis on the World's 7 leading Medium & Heavy Truck Manufacturers besides analyzing the overall, Near to Medium Term Strategy Focus & providing insights into the Key Strategies & Plans being developed by them for the near to medium term horizon as they gear up their industrial bases and supply chains to meet the strong global demand for medium & heavy trucks.

The framework analyzes the Strengths & Weaknesses of the OEMs from a standalone as well as relative perspective based on a comprehensive analysis of their Key Business Aspects, which include:

    --  Product Portfolio Analysis & its Strategic Positioning
    --  Breadth & Depth of Presence across Key Markets, Segments & Programs
    --  Analysis of overall Cost Base, Structure & its Management
    --  Analysis of Revenue streams, Resource Base & Key Competencies
    --  Profitability, Key Profit Sources, Growth & Trend Analysis
    --  Capital & Ownership Structure and Financial Strength
    --  Key Competitor Analysis across Market Segments & Degree of Competitive
        Intensity
    --  Competitive Market Positioning across Key Global Markets, Segments &
        Market Share

    --  Overall Strategy Orientation & Focus, R&D Strategy, Technological
        Strength & Capabilities

Companies Mentioned 

    --  Daimler AG
    --  Iveco S.p.A.
    --  MAN Truck & Bus AG
    --  Navistar International Corporation
    --  PACCAR Inc.
    --  Scania AB
    --  Volvo AB

For more information about this report visit https://www.researchandmarkets.com/research/fs7q2m/comparative_swot?w=5

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