The global medium-heavy truck market, a leading indicator of economic activity, is undergoing tectonic changes and finding itself functioning in a flat world ecosystem. Sales volumes for this market will come from emerging markets and margins from emerging technologies. Despite the market posting sluggish growth rates globally, Frost & Sullivan's most recent research focused on the global commercial vehicle industry, forecasts commercial vehicle sales to reach 4.6 million units by 2020.
This presentation will focus on growth opportunities available to global commercial vehicle market participants, as the industry further evolves over the period of 2013 to 2020. Moving forward, technologies encompassing advanced powertrain, connectivity, safety, regulation compliance and, most importantly, total cost of ownership (TCO) reduction will create growth opportunities for disparate market participant groups.
"Companies such as Daimler and Volvo will intensify competition in global markets. Both of these OEMs will experience success through low-cost truck market exposure," said Frost & Sullivan's Global Director of Commercial Vehicle Research Sandeep Kar. "Additionally, Chinese, Indian, and Korean OEMs will benefit from growth in demand from Next-11 and African economies."
This analyst briefing will offer attendees unique and insightful takeaways focused on:
Global economic trends and forces shaping demand for medium-heavy commercial vehicles
Regional and global growth outlook for the medium-heavy truck market
Powertrain, connectivity and safety technology outlook
The movement towards platform-based truck production
The move globally to a low-cost truck
The top 5 predictions and trends for the global medium-heavy commercial truck market
"Connectivity, down time reduction, health wellness and well being, safety, data analytics, form-factor reduction, and fuel efficiency enhancement, while ensuring emission reduction will be the key technology focal points of truck OEMs and tier-1 suppliers," said Kar. "Furthermore, OEMs are building and executing plans aimed towards generating nearly 34 percent of total production of medium and heavy commercial vehicles from platforms by 2018. There will be a focus on making trucks cheaply."
A live, interactive question and answer session will follow the briefing.
For more information about Frost & Sullivan's Automotive & Transportation research group, please visit: http://www.automotive.frost.com
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WHEN: Thursday, October 10, 2013 at 10:00 a.m. EDT
LOCATION: Online, with free registration
SPEAKER: Sandeep Kar, Frost & Sullivan's Global Director of Commercial Vehicle Research
Despite dip in overall market last year, 2013 expected to post higher sales owing to rising demand from Next-11 and other emerging markets.