Strong Demand Continues to Drive Investments in Truck Manufacturing

March 28, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Rising commercialization, e-commerce and global trade have contributed significantly to the demand for both the domestic and international transportation of goods and cargo. This has led to substantial investments toward supply chain optimization and has fueled the demand for truck manufacturing globally.

The trucking sector, which is the backbone of logistics, is experiencing significant changes and developments. With new fleet-management software, such as advanced telematics, autonomous driving and driver-assistance systems, trailer tracking and predictive maintenance, manufacturers are investing heavily in modern trucks to increase production as supply chains improve.