Truck and trailer market development
Overall, the global production of medium/heavy duty trucks is expected to grow at 3% from 2017 to 2021.
In the heavy duty segment, articulated trucks are growing slightly stronger than rigid trucks
The growth of articulated trucks varies by regions and is driven by efficiency needs in Europe and an increasing road network in China
The share of articulated trucks in India is expected to increase due to professionalization and road network development
The trailer market is driven by China, North America & Western Europe and shows continuous growth from 2018-2021
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