NAICS 33612 - Heavy Duty Truck Manufacturing
This industry comprises establishments primarily engaged in (1) manufacturing heavy duty truck chassis and assembling complete heavy duty trucks, buses, heavy duty motor homes, and other special purpose heavy duty motor vehicles for highway use or (2) manufacturing heavy duty truck chassis only.
Industry trends:
The Heavy Duty Truck Manufacturing industry (NAICS 33612) has been witnessing several qualitative trends shaping its trajectory. One of the significant trends is the increasing focus on sustainability and environmental regulations, driving manufacturers to develop cleaner, more fuel-efficient trucks. Efforts towards electrification of heavy-duty trucks are intensifying, with several companies investing in electric and hybrid models to curb emissions and reduce dependency on fossil fuels.
Another trend is the advancement in autonomous driving technology. Companies are heavily investing in R&D to introduce autonomous features that improve safety and efficiency. This trend is expected to continue as regulations evolve to accommodate autonomous vehicles on public roads.
Digital transformation is also playing a crucial role. Manufacturers are incorporating advanced telematics and IoT solutions to provide better fleet management, predictive maintenance, and enhanced connectivity. These technological upgrades are expected to improve operational efficiency and reduce downtime.
In terms of forecasts, the demand for heavy-duty trucks is likely to see moderate growth, propelled by infrastructural developments and a rebound in the logistics sector post-pandemic. However, supply chain disruptions and the semiconductor shortage may pose challenges in the short term. The shift towards electrification and autonomous capabilities will likely attract continued investments, positioning the industry for significant technological advancements in the near future.
This industry is comprised of:
Assembly plants, heavy trucks, and buses on chassis of own manufacture
Buses (except trackless trolley) assembling on chassis of own manufacture
Chassis, heavy truck, with or without cabs, manufacturing
Garbage trucks assembling on chassis of own manufacture
Heavy trucks assembling on chassis of own manufacture
Highway tractors assembled on chassis of own manufacture
Motor homes, self-contained, mounted on heavy truck chassis of own manufacture
Special purpose highway vehicles (e.g., firefighting vehicles) assembling on heavy chassis of own manufacture
Tractors, truck for highway use, assembled on chassis of own manufacture
Truck tractors for highway use, assembling on chassis of own manufacture
Trucks, heavy, assembling on chassis of own manufacture
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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