The processed meat market will envisage a moderate 2.2% volume y-o-y growth in 2018 over 2017, opines a recent market study published by Fact.MR. The study finds that steadily growing meat industry and increasing growth of the food processing industry is majorly contributing to the growth of the processed food market.
The report finds that despite their preference for fresh food products, consumers are looking for convenience as it is becoming challenging for them to prepare elaborative meals at home due to the fast-paced lifestyle the lead. Growing meat production, increasing demand for affordable animal protein, and preference for convenience is expected to provide an impetus to growth of the processed meat market. However, demand is likely to witness moderate growth, as growing vegan trend and growing colorectal cancer concerns stall consumption.
Key Segments Covered
By Class :
- Class 7 Heavy Duty Trucks
- Class 8 Heavy Duty Trucks
- Class 9 Heavy Duty Trucks
By Fuel :
- Diesel-powered Heavy Duty Trucks
- Natural Gas-powered Heavy Duty Trucks
- Hybrid Electric Heavy Duty Trucks
- Gasoline-powered Heavy Duty Trucks
By Application :
- Heavy Duty Trucks for Logistics
- Heavy Duty Trucks for Construction
- Heavy Duty Trucks for Agriculture
- Heavy Duty Trucks for Defence
- Heavy Duty Trucks for Mining
- Heavy Duty Trucks for Other Applications
Vendors in the heavy-duty trucks market are focusing on launching new products with advanced features to gain a competitive edge in the market.
- In July 2021, Diamler Truck, The TRATON GROUP and Volvo group have come together to install electric heavy duty and long haul trucks across Europe.
- In December 2017, Scania built its new XT range to be as bump and dent-proof as possible without wrapping it in plastic, and up-specced the components for constant heavy-duty use.
- For instance, Daimler presented the first electric Freightliner truck to Penske. With the presentation of the first fully electric Freightliner eM2, Daimler Trucks started their day-to-day-operation testing of heavy-duty and medium-duty e-trucks in the U.S. Daimler’s subsidiary Daimler Trucks North America (DTNA).