Kuwait Heavy-Duty Trucks Market Size By Class (Class 8 and Class 7), By Fuel (Diesel, Gasoline, Natural Gas), By Application (Logistics, Construction, Mining), And Forecast

Kuwait Heavy-Duty Trucks Market Analysis

Kuwait Heavy-Duty Trucks Market size was valued at USD 1,345.52 Million in 2021 and is projected to reach USD 1,876.57 Million by 2030, growing at a CAGR of 3.82% from 2022 to 2030.

Increased demand for commodities, infrastructure construction, and development fueling the growth of the market. It is a primary component driving heavy-duty truck demand. The Global Kuwait report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Kuwait Heavy-Duty Trucks Market Definition

Data Heavy-duty vehicles are those that weigh more than 26,001 pounds. City transit buses, mobile cranes, cement mixers, garbage trucks, and tractors made to tow refrigerated trailers, dry vans, and other machinery are a few examples.

These types of vehicles are primarily used for long-haul transportation and are divided into three categories that include–• Class 7 — 26,001 to 33,000 pounds• Class 8 — 33,001 or heavier

Heavy-duty trucks are motor vehicles rated at greater than 3,864 kg (8,500 lb) gross weight and designed primarily to transport property. Depending on their weight, trucks are classified as light-duty, medium-duty, and heavy-duty.

Heavy-duty trucks have a gross vehicle weight of 33,000 lb (15,000 kg) or more as the importance of the vehicle plus the weight of the payload is 33,000 pounds or more. A heavy-duty truck pulls a trailer; it may have a gross combination weight of 80,000 lb (36,360 kg). Heavy-duty vehicles transporting oversized items require special permits and signage.

Trucks use steel for strength and durability, lightweight and corrosion resistance, aluminium, polished stainless steel for bright finishes, and Molded plastics for complex shapes.

Kuwait Heavy-Duty Trucks Market Overview

It is a primary component driving heavy-duty truck demand. Trucks made now are more dependable, effective, fuel-efficient, and have a better load-carrying capability than trucks manufactured previously. Heavy-duty trucks formerly available on the market were inefficient; however, technical advancements have improved fuel efficiency, and new technologies enable trucks to move heavier loads than vehicles of comparable power. As a result, Kuwait is grappling with a severe shortage of heavy-load-carrying capability, which may limit the use of additional vehicles. Garbage and rubbish collection vehicles are likewise made up of heavy-duty trucks.

Kuwait’s second source of revenue is maritime shipping. The unstructured heavy-duty truck traffic flow generated severe congestion and increased container transporting truck waiting times inside and outside the port. Thus, heavy-duty trucks have the advantage of shipping the goods from the port to respected cities.

One of the most significant roadblocks for the truck sector is the rise in raw material prices, with surging iron and steel prices forcing truck manufacturers to raise end-product pricing. The economic uncertainty and fluctuating crude oil prices are deterring fleet owners (truck industry consumers) from purchasing new vehicles. Poor road infrastructure in developing countries like Kuwait has been a persistent concern for the trucking industry, making trucking operations difficult and prone to frequent failures. To create client relationships that rely heavily on the companies’ servicing facilities, global heavy truck manufacturers have been increasing the number of their service stations.

Electric vehicles have a huge future potential. The charging station is an obvious place to start for these vehicles. This is merely the first step in what may be a long road that includes charging banks and other industrial sites, as well as households and communities. As a result, the future potential of electric vehicles is enormous. Electric car technology has been around since the 1970s.In a few years, technology will undoubtedly be substantially more advanced than it is now. Some predict that electric vehicles will soon be able to self-power by harvesting energy from their surroundings. These vehicles will be low-maintenance and can even run on renewable energy sources such as wind.

Electric vehicles have the disadvantage of not fitting into many parking spaces. With technological advancements, this problem appears to be lessening over time. Other roadblocks include electric vehicles needing electricity, which contributes to pollution. Both of these problems, however, have answers. Electric vehicle charging stations minimize pollution while also assisting in creating jobs in areas where employment is scarce. All around the world, batteries have been a major source of concern. Lithium-ion batteries are gradually replacing traditional alkaline batteries as technology advances. The manufacturers have been faced with a significant problem as a result of this.

Kuwait Heavy-Duty Trucks MarketSegmentation Analysis

The Kuwait Heavy Duty Trucks Market is segmented based on Class, Fuel, and Application.

Kuwait Heavy-Duty Trucks Market, By Class

• Class 8• Class 7

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Based on Class, the market is bifurcated into Class 8 and Class 7. The Class 8 segment accounted for the largest market share in 2021 and is projected to grow at a CAGR of 3.62%during the forecast period. Class 8 encompasses the majority of the others. It’s for vehicles with GVWRs of over 33,001 pounds (14,969 kg) and above. This class includes vehicles that are more than just heavy-duty. Class 8 relates to cement and dump trucks and is sometimes called “severe duty.” It’s also where the big rigs, such as Freightliners, Ken worth’s, and Peterbilts, may be found. Non-commercial chassis fire vehicles, which normally have three or more axles, are also available. A Class 8 vehicle is a 5-axle tractor-trailer combination, sometimes known as a “semi” or “18-wheeler.” Standard trailers range in length from 8 feet (2.4 meters) containers to 57 feet (17 meters) van trailers, with the 53-foot (16-meter) trailer being the most prevalent. Longer specialized trailers for oversized cargoes are available. The following are some examples of Class 7 heavy-duty trucks. Business Class M2 112, 118SD, and EconicSD; Ford F-750; Hino XL8; International LT, HV, and RH; Kenworth T680, T880, and W990.Based on the Class, the Class 8 segment is the leading segment in Kuwait’s heavy-duty truck market.

Kuwait Heavy-Duty Trucks Market, By Fuel

• Diesel• Gasoline• Natural Gas• Hybrid Electric Vehicle

Based on Fuel, the Global Kuwait Heavy Duty Trucks Market has been segmented into Diesel, Gasoline, Natural Gas, and Hybrid Electric Vehicle. The Diesel segment accounted for the largest market share and is projected to grow at the highest CAGR of 3.10%during the forecast period. “Diesel” is an engine that generates enough heat to burn fuel and propels a vehicle. The term “fuel” refers to the distillate fuel oil sold for use in automobile compression ignition engines. Diesel fuel is produced by combining crude oil and biomass resources. The majority of diesel engines run on very thick, heavy oil. Diesel engines, commonly known as diesel engines, are used in large trucks. Diesel fuel combines hydrocarbons derived from petroleum with boiling temperatures ranging from 150 to 380°C. Hydrocarbons of three major groups make up crude petroleum oilsparaffinic, naphthenic (or cycloparaffin), and aromatic hydrocarbons.

Kuwait Heavy-Duty Trucks Market, By Application

• Logistics• Construction• Mining• Agriculture• Others

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Based on Application, the Kuwait Heavy Duty Trucks Market has been segmented into Logistics, Construction, Mining, Agriculture, and Others. The Logistic segment accounted for the largest market share and is projected to grow at the highest CAGR of 2.84%during the forecast period. Logistics is the planning and implementation of efficient transportation and storage of products from point of origin to the point of consumption. Logistics was initially in charge of moving military personnel, equipment, and supplies. While logistics is as vital in the military as it has always been, the phrase is now more generally used to refer to the movement of commercial commodities within the supply chain.71.3 percent of goods delivered by land are transported by Heavy duty trucks. Most of our everyday needs, such as fresh food from the supermarket or corner shop, newspapers and magazines, gadgets and appliances, apparel, and so on, are dependent on trucks at some point in the distribution chain. Based on the Application logistics segment is the leading segment for Kuwait’s heavy-duty truck market.

Key Players

The “Kuwait Heavy-Duty Trucks Market” study report will provide valuable insight with an emphasis on the market. The major players in the market are Tata Motors, Volkswagen, Oshkosh Corporation, Paccar, Freightliner, Dongfeng, Eicher Motors Limited, Volvo, Ashok Leyland, Ford Motor Company, and others.

Key Developments

• In May 2022, Tata Motors, India’s largest commercial vehicle manufacturer, announced the launch of the all-new, ground breaking Ace EV.• The electric version of the Ace marked a huge step forward in the company’s drive to promote sustainable mobility.

• In July 2021, The State Department approved a $445 million foreign military sale of heavy tactical vehicles, manufactured by Oshkosh‘s (NYSEOSK) defense segment, to the Kuwaiti government.• According to the Defense Security Cooperation Agency, the order is for 517 Heavy Expanded Mobility Tactical Trucks and Heavy Equipment Transporters to support cargo transport, vehicle recovery, and resupply operations by Kuwait’s land forces.

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