Two major market determinants for heavy trucks: the economic cycle and environmental standards.
Dominated by global players whose heavy-duty truck divisions are supplementary to their automobile business, primarily the European groups Daimler, Volkswagen (MAN and Scania) and Fiat Industrial (Iveco).
There are still a few specialized manufacturers but their outlook is more uncertain unless, like Volvo Trucks, they have a global market presence.
The sector is tending toward further concentration.
Dominated by global players whose heavy-duty truck divisions are supplementary to their automobile business, primarily the European groups Daimler, Volkswagen (MAN and Scania) and Fiat Industrial (Iveco).
There are still a few specialized manufacturers but their outlook is more uncertain unless, like Volvo Trucks, they have a global market presence.
The sector is tending toward further concentration.