Equipment

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.

Sean Kilcarr

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 previously reported and commented on trends affecting the many different strata of the trucking industry. 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.