DUBLIN, Mar 10, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Combination Truck Market Outlook for Oil and Gas Industry - Market Analysis by Geography, Vehicle Class, Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2016 - 2021)" report to their offering.
The report discusses combination truck market in oil and gas sector on a global scale. Market analysis is also further segmented based on geography, country, and class of vehicle. Some of the key points highlighted in the report are:
1) There is potential for substantial long-term gains in the fuel economy of heavy trucks.
2) The economic competitiveness of natural gas can lead to shifts towards natural gas powered trucks in some modeled scenarios.
Truck movements link commerce, suppliers, markets, and consumers between various points of oil and gas production and consumption. An efficient heavy-truck transportation system is critical to maintaining the competitiveness of the any countrys oil and gas industry.
Heavy-duty trucks plays a major role in overall trucks market for oil and gas. Diversity in different applications is a major characteristic of the medium/heavy-duty trucks. Ideally the onshore oil and gas industry required the usage of trucks and other transport vehicles for different applications such as equipment transport, crew transport and other usages.
Factors such as shale boom in few regions, increasing drilling activity across the world, quest for finding potentially untapped oil and gas reserves are driving the market growth for combination truck market in oil and gas sector. On the flip side, political instability, huge competition are some factors restraining the market from growth and has been explained in this report in detail.
As in case with other oil and gas markets, North America is expected to lead the market in the coming decade, as the regions new exploration activity is at an all-time high and the ongoing shale boom boosting the market for truck usage in oil and gas industry. Europe and Asia-Pacific are growing rapidly in terms of market demand. Demand is high particularly in some countries such as China, India, United Kingdom, and the Netherlands. Regions such as South and Central America and Africa are expected to share a decent share of market demand in the coming years although there are some factors restraining the oil and gas activity in these regions.
Market Dynamics
Drivers
- Shale Boom
- Increased Exploration Activity
- Exploration from Ageing Reservoirs
Constraints
- Political Issues Causing Market Instability
- Environmental Concerns
Opportunities
- Africa Presents a Decent Market Opportunity
Key Company Analysis
- Baker Hughes Inc.
- Halliburton Co.
- Weatherford International Ltd
- Royal Dutch Shell Plc
- Schlumberger Ltd
- Statoil ASA
- BP Plc
- Tuthill Corporation
- J.A.B INDUSTRIAL SERVICES
- Avery Weigh-Tronix
- Sierra Instruments, Inc.
- NLB Corp.
- Neo Solutions, Inc.
- EEC Global Operation LLC
- Chandler Equipment, Inc.
For more information about this report visit http://www.researchandmarkets.com/research/rk5qss/global
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SOURCE Research and Markets
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