The total market for heavy-duty trucks in 2010 in the 27 EU countries, plus Norway and Switzerland, amounted to 179,185 vehicles, an increase of 8% compared with 165,269 vehicles in the preceding year. The recovery of the European truck market was divided between North and South and between fleets and smaller customers, with the former categories recording stronger growth. In 2011, the European market is estimated to amount to approximately 220,000 heavy-duty trucks.
In North America, the total market for heavy-duty trucks (Class 8) increased 20% to 142,096 vehicles, compared with 117,983 in the preceding year. Viewed as a whole, higher levels of activity among customers in the long-haulage industry offset a continued weak market for trucks in the building and construction industry. In 2011, the total market in North America is estimated to amount to approximately 220,000 heavy-duty trucks.
The total market for heavy-duty trucks in Japan rose 29% to 24,453 vehicles (18,889). The Japanese market is expected to grow 10% in 2011. The market for heavy-duty trucks in India amounted to 211,543 vehicles (125,173), in 2010.
In Brazil, the total market rose 64% to 109,760 heavy-duty trucks (66,950), primarily driven by the country’s strong economy, but also by advantageous loan terms for investments in new trucks.