The Automobiles And Heavy Equipment Global Market Report 2023 by The Business Research Company, provides automobiles and heavy equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Automobiles And Heavy Equipment Global Market Report 2023, the market size will grow from $305.49 billion in 2022 to $333.13 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automobile and heavy equipment trucking is expected to grow to $457.3 billion in 2027 at a CAGR of 8.2%.
The growing demand for autonomous transportation is expected to drive the growth of the automobile and heavy equipment trucking markets over the forecast period. An autonomous vehicle utilises a fully automated driving system to enable it to react to external conditions that a human driver would handle.
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The automobiles and heavy equipment market is segmented:
1) By Type: Business Services, Managed Services, System Integrator, Other Types
2) By Application: Cars And Light Trucks, Medium And Heavy Trucks, Farm And Construction Equipment, Other Applications
3) By Size: Heavy Trucks, Medium Trucks, Light Trucks
Advances in technologies are a major trend gaining popularity in the automobile and heavy equipment trucking markets. Major companies operating in the automobile and heavy equipment trucking markets are focusing on developing innovative technological solutions. For instance, in 2020, companies such as ACL Airshop are using CoreInsight Node Technology to provide advanced unit load (ULD) tracking with a Bluetooth ULD Tracking system for freight control, carrier shipment marking, air cargo monitoring, asset tracking, and reporting solutions. CoreInsight Node Technology enables producers to monitor deliveries, manage business intelligence (BI) packages, and help in activities remotely by accurately monitoring cargo with the help of ULD devices.
The automobiles and heavy equipment market report table of contents includes:
1. Executive Summary
2. Automobiles and Heavy Equipment Market Characteristics
3. Automobiles and Heavy Equipment Market Trends and Strategies
4. Automobiles and Heavy Equipment Market – Macro Economic Scenario
5. Automobiles and Heavy Equipment Market Size and Growth
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26. Africa Automobiles and Heavy Equipment Market
27. Automobiles and Heavy Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers and Acquisitions in The Automobiles And Heavy Equipment Market
29. Automobiles and Heavy Equipment Market Future Outlook and Potential Analysis
30. Appendix
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