July 21, 2016 - 5:15 AM EDT
Print Email Article Font Down Font Up
Alternative Powertrain Sales for Medium and Heavy Duty Vehicles are Expected to Reach 820,000 in 2026, According to Navigant Research

Different powertrains and new technologies will help reduce emissions and increase fuel efficiency in medium and heavy duty vehicles, report finds

A new report from Navigant Research examines the market for technologies to improve efficiency and reduce emissions from medium and heavy duty vehicles (MHDVs), with global market forecasts for annual sales of alternative powertrains, through 2026.

In the United States, medium and heavy duty trucks use more than a quarter of all fuel burned annually. As economies grow, the truck population is expected to increase, and commercial and government fleet operators around the world are expected to consider investments in fuel efficiency technologies and alternative clean-burning fuels. Click to tweet: According to a new report from @NavigantRSRCH, global commercial alternative powertrain MHDV sales are expected to grow from about 347,000 vehicles in 2016 to more than 820,000 in 2026.

“Cleaner and more efficient vehicles will become increasingly important as legislators set tougher standards for emissions,” says David Alexander, senior research analyst with Navigant Research. “Electric drive is the right solution for some vehicle types and uses, but fleet managers can also choose from a variety of driver aids to optimize the efficiency and safety of all their vehicles.”

Aerodynamic aids, low rolling resistance tires, plus vehicle lightweighting and improvements to engines and transmissions in new vehicles are some of the options that will help to deliver better MHDV fuel efficiency and cleaner emissions, according to the report. In addition, natural gas, hybrid, and electric powertrains are expected to see significant growth over the next decade.

The report, Medium and Heavy Duty Vehicle Technologies, breaks the global commercial MHDV market into four major categories: medium duty buses, heavy duty buses, medium duty trucks, and heavy duty trucks. Each of these vehicle categories is assessed for the suitability of efficiency technologies such as lightweighting, low rolling resistance tires and aerodynamic aids and alternate powertrain types: hybrid, plug-in hybrid, battery electric, natural gas, propane (autogas), and hydrogen fuel cell. Global market forecasts for annual powertrain sales, segmented by region and type, extend through 2026. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report, Medium and Heavy Duty Vehicle Technologies, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Navigant Research
Lindsay Funicello-Paul, +1-303-493-5477
[email protected]
Megan Maupin, +1-312-583-5703
[email protected]

Source: Business Wire (July 21, 2016 - 5:15 AM EDT)

News by QuoteMedia

Legal Notice