Truck Market in Vietnam to Grow by USD 1.50 Billion (2024-2028), Driven by Industrialization and Urbanization, with AI Impacting Market Trends - Technavio [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
8.05%. The market is shifting towards environmentally friendly commercial vehicles due to increasing emission regulations, with a trend towards alternative fuel trucks, including electric and hydrogen-based solutions. Key market players include major automotive companies such as AB Volvo, Daimler Truck AG, and Toyota Motor Corp. The market is expected to be driven by the growth of e-commerce, logistics, and infrastructure projects, but faces challenges such as high manufacturing costs and driver shortages. NEW YORK Nov. 19, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The truck market in vietnam size is estimated to grow by USD 1.50 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.05% during the forecast period. Rise in industrialization and urbanization of Vietnam economy is driving market growth, with a trend towards emergence of alternative fuel trucks. However, high manufacturing cost of trucks poses a chall
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