The convergence of premium and low-cost trucks has led to the evolution of a mid-market segment, referred to as value trucks. Medium- and heavy-duty (MD-HD) value trucks will emerge as the fastest-growing segment globally, with sales volumes of over a million units by 2022.
Approximately 80 percent of these sales are expected from China, India, Africa and Indonesia. Of this, 70 percent will be from China and India, prompting original equipment manufacturers (OEMs) to focus on developing platforms for these two markets in the short-medium term. Additionally, OEMs to ensure the platforms feature attributes enabling global scalability in the long-term.
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