Hot off the Press


 

SHARE:  

Push for More Stable Heavy Trucks
can Benefit Suppliers

Push for More Stable Heavy Trucks
can Benefit Suppliers

Thursday, July 28, 2005
 
With truck makers facing pressure from consumers and regulatory bodies to improve vehicle stability, suppliers of Class 6-8 truck-chassis systems and components stand to benefit. That analysis comes from consultant Frost & Sullivan in its report: North American Class 6-8 Truck OE Chassis Systems and Components Market. The company offers insight into the transportation market at www.transportation.frost.com. As the study points out, revenue in this market totaled $2.964 billion in 2004 but is expected to drop to $2.907 billion by 2011. To insulate themselves from cyclical downturns, systems suppliers must add value to product offerings and demand greater price premiums for the introduction of value-added products that enhance product appeal, according to the report authors. The push for greater vehicle stability opens the door to value-added possibilities, and as demand for incorporating products such as stability-enhancement modules continues to rise, that likely will support higher prices for chassis systems and components and boost market revenues. Another trend is increasing demand from truck makers for modular systems and subassemblies, providing another revenue possibility for suppliers.

 

Visit Our Sponsors