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North America's Top 4 Class 6-8 Truck Manufacturers Report 2022: Rising Material Costs & Semi-Conductor Chip Shortages

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Dublin, June 09, 2022 (GLOBE NEWSWIRE) -- The "Annual Strategy Dossier - 2022 - North America's Top 4 Class 6-8 Truck Manufacturers - Daimler Trucks North America (DTNA), Volvo Trucks North America, PACCAR & Navistar - Strategy Focus, Key Strategies & Plans, SWOT, Trends & Growth Opportunities, Market Outlook" company profile has been added to ResearchAndMarkets.com's offering.

The North American Class 6-8 Truck market has been cruising in top gear with booming order intake, freight volumes & rates and robust fleet utilization levels while facing modest headwinds in form of supply chain disruptions & bottlenecks, rising material costs & semi-conductor chip shortages.

The North American Class 6-8 Truck market has been recovering steadily from the COVID-19 outbreak while cruising in top gear with booming order intake, freight volumes & rates and robust fleet utilization levels across operators which have reached pre-COVID-19 levels while facing modest headwinds in form of continued challenges from the COVID-19 pandemic marked by supply chain disruptions & bottlenecks, labor shortages, rising material costs, limited freight capacity & semi-conductor chip shortages which continue to impede the pace of overall recovery momentum

The industry continues to make steady progress towards development of a range of sustainable technologies geared towards de-carbonization of transportation over long term while continuing the development of innovative services & business models configured on connectivity & autonomy. The efforts have primarily been led by electrification, focused on both battery electric & hybrid technologies, with the tipping point for electric trucks coming in 2022 with mass production & commercial deliveries of electric trucks commencing across industry OEMs.

Additionally, mass market production, introduction & adoption of hydrogen powered trucks, featuring hydrogen fuel cell based propulsion systems & the usage of hydrogen as a fuel in conventional ICE engines, is likely in the 2030s. Further, the outlining of Phase 2 emission standards by the EPA & NHTSA for medium & heavy duty vehicles through model year 2027 and roll out of the 3rd generation of DOE's SuperTruck program are likely to further accelerate the pace of development & transition to sustainable propulsion systems & technologies across the United States going forward

The rapid energy transition towards de-carbonization & sustainability, continued infrastructure investments, especially, the recent passing of the $1.2 trillion infrastructure Investment & Jobs Act in the U.S. with continued strength in the residential construction sector marked by robust housing starts, strong demand from the commodities segment apart from the ongoing e-commerce boom are likely to collectively provide significant growth opportunities to the industry over near to medium term in form of fleet replacements, expansion & recapitalizations, especially, in a volatile crude oil price environment.

That's despite projections for the slowdown of the U.S. & global economic recovery over near term owing to uncertainty over the likely direction of the pandemic and rising inflation levels necessitating monetary policy tightening by the Fed. Overall, Trucking in North America is projected to maintain its cruising speed as well as overall growth momentum in 2022

Against this backdrop, the 2022 edition of the report analyses the overall strategy focus and provides insights into & comprehensive analysis of the Strategies & Plans being conceptualized & pursued by the North America's Top 4 Class 6-8 truck manufacturers for the near to medium term horizon

Report Excerpts:

  • Analysis of DTNA's ambitious plan to boost profitability of North American operations to 12% by 2025

  • Decryption of Daimler's medium term technology strategy underpinned by rapid transition to sustainable & autonomous technologies marked by significant R&D investments

  • Volvo making deeper inroads into the North American market, treating it as a key growth pivot for medium term, with a two-pronged product offensive under its Volvo & Mack brands, rapid electrification of Class 6-8 truck portfolio and introduction of new truck models

  • PACCAR's rapid strides on the technology development pathway with focus on electrification, hydrogen-based propulsion & autonomous technologies powered by industry collaborations

  • Navistar's 4.0 Strategy focused on boosting profitability with a target EBITDA of 12% for 2024 while gaining market share through new product offerings and customer segmentation

  • Class 6-8 Trucking projected to maintain its cruising speed & overall growth momentum in 2022 with strong drivers, indicators & fundamentals

  • Supply Chain disruptions, continued semi-conductor chip shortages, pandemic's likely direction & inflationary pressures across key markets could become potential speed humps on the industry's recovery momentum over near term

Relevance & Usefulness:

  • Strategic Planning & Decision-Making process

  • Analysis of Near to Medium Term Strategy Focus and Key Strategies & Plans

  • Identification of & Insights into Potential Growth Opportunities & Avenues

  • Market Evolution & Demand Growth Projections

  • Analysis of Key Industry Trends, Issues & Challenges, Risk Factors & Market Outlook for 2022

Key Topics Covered:

Section 1: Business Snapshot & Overview - North America's Top 4 Class 6-8 Truck Manufacturers

  • Founded

  • Headquartered

  • Business Segments

  • Product Portfolio

  • Revenue Base

  • Market Capitalization

  • Key Executives

  • Shareholding/Ownership Structure

Section 2: Financial Performance Analysis - Top 4 Class 6-8 Industry OEMs

  • Revenue Base & Growth Trend

  • Revenues Split by Key Segments

  • Revenues Split by Key Geographic Markets & Regions

  • Gross Earnings & Margin Trend

  • Operating Earnings & Operating Margin Trend

  • Return on Sales Trend

  • Profitability Growth Trend

  • Cash Flow from Operations

  • R&D Expenditure Trend

  • CAPEX Trend

Section 3: Strategy Focus - Across Top 4 Industry OEMs

Section 4: Key Strategies & Plans - Comprehensive Analysis of Strategies & Plans for the Industry OEMs - Analysis Coverage

  • Product Portfolio Strategies & Plans

  • Market Specific Strategies & Plans

  • R&D Strategies & Plans

  • Growth Strategies & Plans

  • Business and Corporate Strategies & Plans

  • Sales & Marketing Strategies & Plans

  • Production/Manufacturing Strategies & Plans

  • Financial Strategies & Plans

  • Acquisitions, Strategic Alliances & JVs

  • Other Strategies & Strategic Initiatives

Section 5: SWOT Analysis

  • Strengths to be Leveraged

  • Weaknesses to be worked on

  • Opportunities to be capitalized upon

  • Threats to be negated & mitigated

Section 6: Key Trends

  • Industry Trends

  • Market Trends

  • Technology Trends

Section 7: Key Issues, Challenges & Risk Factors

Section 8: Global Medium & Heavy Truck Market - Force Field Analysis - Analysis of Driving & Restraining Forces and their Overall Dynamics

  • Driving Forces

  • Restraining Forces

Section 9: Strategic Market Outlook

  • Analysis of Emerging Market Scenario

  • Demand Outlook for 2022

  • Growth Projections for the North American & Global Medium & Heavy Truck Market

  • Insights into Potential Growth Opportunities

For more information about this company profile visit https://www.researchandmarkets.com/r/uhe6l1

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