Heavy truck market just ticking over: A highly cyclical sector

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.