Total market

In 2011 the heavy-duty truck market in Europe 29 (EU, Norway and Switzerland) increased by 35% to 242,400 trucks compared to 2010. The situation still varied significantly within Europe. While parts of Southern Europe were struggling, other regions in Northern and Eastern Europe had recovered from the low levels of 2010. In 2012, the total market for heavy-duty trucks in Europe 29 is expected to experience a moderate decline to a level of about 220,000 trucks. The start of the year is expected to be slow with a gradual pick-up in demand as customers start to renew their fleets ahead of the new emission regulation in 2014.

In 2011, the total market for heavy-duty trucks in North America increased by 52% to 216,100 trucks compared to 142,100 in the previous year. Demand was strong throughout the year, driven primarily by the need to replace the industry’s aging highway tractor population. Activity in the refuse vehicle segment was steady. Although the vocational truck segment continued to suffer as a result of the depressed construction market, some positive signs were seen in the energy sector, particularly natural gas production. In 2012, the total market for heavy-duty trucks in North America is expected to grow to a level of about 250,000 trucks.

In 2011, the total market in Brazil increased by 2% to 111,500 heavy-duty trucks (109,800). The increase was lower than anticipated because of less prebuying than expected ahead of the new, stricter emission regulation that came into effect on January 1, 2012. The total Brazilian market for heavy-duty trucks is expected to record a slight decline and reach a level of about 105,000 trucks in 2012. The beginning of the year is expected to be slow followed by a gradual pick-up in demand driven by a general increase in economic activity and increased acceptance of the new, more expensive Euro V trucks.

In Japan the market for heavy-duty trucks was 24,800 vehicles in 2011 (24,500), which was an increase of 1%. Following the earthquake and the subsequent tsunami that hit Japan on March 11, 2011 there were signs of a market-recovery during the latter part of 2011 and into 2012. For 2012, the total Japanese market for heavy-duty trucks is expected to increase to about 30,000 trucks.

The Indian market for heavy-duty trucks grew by 12% to 237,000 trucks in 2011 compared to 212,000 vehicles in 2010.