High-Performance Trucks Market Analysis From 2018 To 2023. High-Performance Trucks Market by Transmission Type (Automatic, Manual And Semi-Automatic), Vehicle Type (Conventional Pickups, Crew Cab, Sports Trucks, Long-Haul Trucks And Others), Application (Dumping, Distribution, Refrigeration, Container, Tanker And Others),  Engine (Gasoline, Diesel And Others) And By Region - Forecast To 2023.

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Global High-Performance Trucks Market Highlights:

The high-performance truck consist of a high-performance traction system. The high-performance trucks are equipped with powerful motors and intelligent electric control systems. The high-performance truck market is majorly driven with the increasing investments made by the buyer for the modification and customization of trucks. The global high-performance trucks market has witnessed remarkable growth in the global market and it has been observed that, its demand in the future is expected to grow with the CAGR of ~4%.

The major factors contributing in the growth of the global high-performance truck market are the introduction of stringent emission norms by the government of various developing and developed nations, and the increase in the supply of temperature-sensitive material. This is leading to an increase in the demand for refrigerated high-performance trucks, the growth of organized retail industry majorly in developing economies, and the increase in demand for frozen perishable commodities and the significant growth in the infrastructure. However, the growth of the high-performance trucks market is expected to be restrained by the huge cost of manufacturing and the limited scope of electrification of such high-performance trucks. However, the introduction of electric high-performance trucks with advanced features for ensuring better performance and enhanced driver comfort is expected to generate huge opportunities over the forecast period.

Geographically, the global High-performance trucks market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region is expected to dominate the growth of the global high-performance trucks market. The major factors contributing into the growth of this industry are the introduction of regulatory developments such as axle loading, emission control norms and the shift in consumer preferences towards premium trucks. The upcoming Olympic events, which are arranged in South Korea, China and Japan are further expected to generate huge demand for high-performance dumping trucks in the region.

The prominent players in the high-performance trucks market include ZF (Germany), Chevrolet (U.S.), Dodge (U.S.), GMC (General Motors Truck Company) (U.S.), Toyota Motor Corporation (Japan), Volvo trucks (Sweden), Paccar Inc. (U.S.), Daimler Trucks North America LLC (U.S.), Caterpillar Inc. (U.S.), MAN Truck & Bus AG (Germany) and Cummins (U.S.) others. 

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