truck

In 2004, the heavy truck market maintained rapid growth, output and sales revenue increased sharply. The medium-duty truck market experienced stable development; the market structure became more rational. Through fast development, the heavy truck segment takes up an increased percentage, while the percentage of the medium-duty truck segment shrank. In the future, the heavy truck market will maintain rapid growth. Competition is fierce in the market. There are a large number of competitors and market shares become more dispersed. Leading enterprises' market shares are dropping, while some growing enterprises have achieved rapid development. As changes take place in the product structure of heavy trucks, channel and brand become important means of competition. The market for truck rental consists of the hire fee revenues for all commercial trucks of greater than 3.5 tonnes gross vehicular weight (GVW) hired for periods of less than one year. It excludes leased trucks and private rentals. Where currency conversions are necessary, they have been carried out using constant average 2004 exchange rates. The global market consists of Asia-Pacific, Europe, Canada, and the United States. Europe is deemed to consist of Belgium, France, Germany, Italy, the Netherlands, Spain, and the United Kingdom. Asia-Pacific consists of Australia, China, and Japan.