* California/USA - Global Study shows demand for transportation, logistics is driving trucking
-- Increased demand for transportation and logistics services is driving the commercial vehicle market, according to a report just released by Global Industry Analysts Inc. ... GIA said the global market for commercial vehicles is projected to reach 29.1 million units by 2020, driven by economic growth and growing commercial, business, and industrial activity, and the ensuing rise in demand for transportation and logistics services... The research report, titled, “Commercial Vehicles: A Global Strategic Business Report,” reviews the commercial vehicles market, industry overview, trends, growth drivers and issues, and recent industry activity. The report provides market estimates and projections for commercial vehicles in voluc me sales and production in units for major geographic markets... Changing societal priorities, against a backdrop of new environmental and economic realities drives the automotive industry’s current transition both in terms of design and manufacturing. Stricter regulations surrounding environmental and occupant protection is stimulating technology transformation in this industry. Fuel-efficient vehicles, sophisticated safety features such as driver assistance systems, and stability control, and intelligent navigation technologies, are all poised to remain focal areas in the future... Increases in fuel and energy prices, coupled with rising customer eco-awareness will fuel innovation of low-emission and fuel efficient green vehicles. Low carbon emission laws will also help OEMs focus on developing environment friendly vehicles that consume lesser fuel and emit lower emissions. Innovations in technology such as Exhaust Gas Recirculation (EGR), Selective Catalytic Reduction (SCR), Compression Ignition Technology and Telematics, which improve the efficiency of commercial vehicles, will help drive long-term growth... Hybrid and electric trucks are expected to grow in popularity as a result of government incentives, and functional improvements in the design of electric motors and hybrid engines... As stated by the new market research report on commercial vehicles, the United States (of A.) represents the largest and the fastest growing market worldwide with a compound annual growth rate of 5.9 percent over the analysis period...
(Photo: Big Rig Truck at Wasatch Mountains, Utah, USA) -- San Jose, CAL, USA - Trucking News - April 10, 2015Labels: trucks markets worldwide
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