Class 6-8 Truck Market in North America (2018-2026) - Economic Growth & Sustained Freight Activity Driving up Truck Demand across North America & Europe
July 12, 2018 --
Dublin, July 12, 2018 (GLOBE NEWSWIRE) -- The "North American Class 6-8 Truck Market - 2018-2026 - Market Dynamics, Competitive Landscape, OEM Strategies & Plans, Trends & Growth Opportunities, Market Outlook - Daimler, Volvo, PACCAR, Navistar" report has been added to ResearchAndMarkets.com's offering.
The Global Medium and Heavy Truck market has been in Top Gear as of late with steady demand growth trend across most key markets, led by North America & Europe, with high capacity utilization and profitability driving momentum for fleet renewal & expansion activities. The North American Class 6-8 truck market has been on a strong upswing, since the dismal demand contraction of 2016, with the U.S. economy gaining growth momentum and supply side constraints shooting freight rates up as strong & sustained freight demand is met by capacity shortfalls. The overall macroeconomic environment, too, has been favorable with robust utilization and profitability across operators boosting fleet renewals and expansions at an accelerated pace.