Business Industry News

Global Combination Truck Market will multiply at impressive CAGR by 2022 & Top Key Players are Baker Hughes Inc., Halliburton Co, Weatherford International Ltd, Royal Dutch Shell Plc, Schlumberger Ltd, Statoil ASA and BP Plc.

Press Release

The combination truck simply consists of a truck tractor (as the power unit) and a semitrailer or trailer (as one or more trailing units). Thus, they are the combinations of multiple trailers on tractor trucks as compared to standard 5 axle semi-trailer-trucks with one trailer. Some of the combinations of combination vehicles are turnpike double, rocky mountain doubles, triple trailer and STAA doubles.

Combination trucks are extremely useful because they can carry an extra freight in terms of the square and cubic feet capacity as well as weight capacity. This is possible because of the extra axles it spreads out the weight across a longer area. They’re also more efficient based on Ton-mileage. These trucks have gross vehicle mass (GVM) of over 9,000 kilograms and are mainly used for load carriage, long-haulage, logistics activities, etc.

Market Dynamics

The major factors driving the combination truck market includes shale boom in many regions, increasing drilling activity across the world, increased exploration activity, quest for finding potentially untapped oil and gas reserves, increasing number of service stations, exploration from ageing reservoirs, increased urbanization and infrastructure spending.

Restraint

Some of the challenges faced by combination truck market are political issues causing market instability, increasing raw material (iron and steel) prices, poor road infrastructure resulting into frequent breakdowns, unstable crude oil prices, limited manufacturing capacity of global OEMs, huge competition, threat of substitutes – rail and growing environmental concerns.

Market Segmentation

Combination truck market is segmented on the basis of their dimensions and load capacity:

Light combination truck

Medium combination truck

Heavy combination truck

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Regional/Geographic Analysis

North America is expected to lead the combination truck market in the coming decade due to the ongoing shale boom in this region, boosting the market for truck usage in oil and gas industry. Europe and Asia-Pacific are growing rapidly in terms of market demand. Demand is high particularly in some countries such as China, India, United Kingdom, and the Netherlands.The fast pace of industrial development and increasing demand for consumer goods on account of rising population in India and China is boosting the production and sales of combination trucks market in the country.Regions such as South and Central America and Africa are also expected to share a decent share of market demand in the coming years.

Key Players

Baker Hughes Inc., Halliburton Co., Weatherford International Ltd, Royal Dutch Shell Plc, Schlumberger Ltd, Statoil ASA, BP Plc, Tuthill Corporation, J.A.B Industrial Services, Avery Weigh-Tronix, Sierra Instruments, Inc., NLB Corp., Neo Solutions, Inc., EEC Global Operation LLC, Chandler Equipment, Inc.

Report ContentsRegional AnalysisReport Highlights

Market segments

Market Drivers, Restraints and Opportunities

Market Size & Forecast 2016 to 2022

Supply & Demand Value Chain

Market – Current Trends

Competition & Major Companies

Technology and R&D Status

Porters Five Force Analysis

Strategic and Critical Success Factor Analysis of Key Players

North America

US and Canada

Latin America

Mexico, Brazil, Argentina and Rest of Latin America

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Western Europe

EU5 (Germany, France, Italy, Spain, U.K.)

Nordic Countries (Denmark, Finland, Norway, and Sweden)

Benelux (Belgium, The Netherlands, and Luxembourg)

Rest of Western Europe

 

Eastern Europe

Russia

Poland

Rest of Eastern Europe

Asia Pacific

China

India

Japan

Australia and New Zealand

Rest of Asia Pacific

Middle East and Africa

GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

South Africa

North Africa

Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

Consumer and Pricing Analysis

Market dynamics of the industry

Market Segmentation

Estimated Market Sizing in terms of volume and value

Recent trends in Market and impact

Research Status and Technology Overview

Extensive Industry Structure Coverage

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