Report outlines how use of mega trucks can be boosted
A new report from Frost & Sullivan outlines how the use of mega trucks can be boosted in the industry with its report Global Mega Trucks Market, Forecast to 2025. The market for mega trucks, which can reportedly help with fleet operational efficiency among other benefits, is expected to grow. However, significant obstacles to the use of mega trucks lay ahead, with serious questions concerning safety and the impact on infrastructure and the environment.
Research from the study concluded that global sales penetration of mega trucks will increase from 3.4% to 5.7% for total heavy duty (HD) truck sales from 2016 to 2025, with units growing at a compound annual growth rate of 10.6%. The study examined trends, drivers, opportunities, challenges, and technology developments impacting the global mega truck market through 2025.
"Digital transformation and autonomous trucking will play an important role in expediting the adoption of mega trucks through better connectivity and safety features. With bigger engines and higher payload capacities, mega trucks are expected to incorporate more value features, especially in developing markets," said Frost & Sullivan Mobility Research Analyst Marshall Martin. "Mega trucks in the future will be built on common platforms for similar markets such as China, India, and South America."
The growth of mega trucks is highly dependent on lawmakers in specific regions laying down regulations that consider the impact on infrastructure, environment, society, and other modes of transport. From a regional perspective:
- Australia leads the current use of mega trucks in terms of penetration rates.
- Mega trucks are allowed nationwide in the Scandinavian region, but are not allowed to cross over the European border.
- In Germany, mega trucks are only allowed on selected routes in some states.
- Spain has recently run mega trucks with special permits on specific routes.
- Sweden is currently running trials for trucks that are 32 m (105 ft) long and weigh 90 tons.
- Trials have occurred for mega trucks in France and the UK, but have been rejected.
- Driven by a strong mandate and support infrastructure, North America is expected to accommodate more mega trucks.
- Emerging economies such as China and India are expected to marginally extend limits on truck weight and length in the long term.
- Infrastructure developments will be a key factor in the development of mega trucks in India.
"A proliferation of mega trucks, where on average two mega trucks would replace three normal-sized trucks, would have a negative impact on the sales of trucks, thereby affecting OEM revenues," noted Martin. "These companies should look toward creating alternate sources of revenue through investing in or acquiring companies present in the safety, lightweighting, telematics, and mobile-based freight aggregation fields."
For further information on this analysis, go to https://goo.gl/pgzBi1.