Report says mega trucks on the up
A significant increase in the sale of and use of ‘mega trucks’, or road trains as we call them, is being predicted in a new study of trucking industry trends.
The Global Mega Trucks Market Forecast to 2025 was completed by research firm, Frost & Sullivan.
It says global sales penetration of mega trucks, i.e. multi combination capable prime movers, is expected to increase from 3.4% to 5.7% for all total heavy-duty truck sales from 2016 to 2025.
Sales of the higher capacity trucks are expected to grow by just over 10% per year, including here in Australia.
The report says mega trucks can help ease traffic congestion, reduce emissions, cost per tonne, and help meet the growing freight demand.
But it isn’t all good news for proponents of bigger trucks.
The reports highlights that there are significant obstacles to overcome, primarily safety concerns.
The impact on infrastructure and the environment are also seen as possible stumbling blocks.
But Frost & Sullivan Mobility Research Analyst, Marshall Martin, says technology could play a big part in overcoming these issues.
“Digital transformation and autonomous trucking will play an important role in expediting the adoption of mega trucks through better connectivity and safety features.
“With bigger engines and higher payload capacities, mega trucks are expected to incorporate more value features, especially in developing markets.”
The report found Australia leads the current use of mega trucks, while countries like the U.S. are moving closer to expanded utilization.
But would less trucks, carrying larger loads, be bad news for truck manufacturers? Mr Martin says it would.
“A proliferation of mega trucks, where on average two mega trucks would replace three normal-sized trucks, would have a negative impact on the sales of trucks, thereby affecting manufacturer revenues.”
But there are still opportunities for the manufacturers, according to Mr Martin.
“These companies should look toward creating alternate sources of revenue through investing in or acquiring companies present in the safety, light-weighting, telematics, and mobile-based freight aggregation fields.”
Got an opinion? Let us know what you think about ‘mega trucks’/road trains in the comments section below.