Report looks at future ops for PACCAR
A new report has been released that looks at the future of the giant truck manufacturing business, PACCAR Inc.
The report, compiled by Report Linker, says PACCAR is expected to continue to increase sales of its medium and heavy-duty trucks between now and 2025.
China and India, which the report says are markets PACCAR has a “weak presence” in currently, are expected to drive much of the sales growth.
The high-proportion of owner-operators in those countries is described as being tailor-made for PACCAR due to the company’s long history of servicing those types of customers in North America.
The report says the development of a new value-truck platform would alo be advantageous in the Indian and Chinese markets.
Other issues covered by the report include powertrains, with PACCAR being tipped to maintain its focus on developing diesel engine technology to meet and exceed emissions regulations.
While rising truck sales will not be the only key driver for sustained profitability.
Revenue from services such as telematics-based fleet management systems, parts, finance and leasing services will help improve margins, according to the report.