The World Truck Manufacturing Industry 2012 Contents Chapter 1: Overview of the world truck manufacturing industry 2 Chapter 1: Tables & Figures 3 Chapter 2: A review of the truck manufacturing industry in Western Europe 4 Chapter 2: Tables & Figures 5 Chapter 3: A review of the truck manufacturing industry in Central and Eastern Europe 7 Chapter 3: Tables & Figures 8 Chapter 4: A review of the truck manufacturing industry in the Middle East 9 Chapter 4: Tables & Figures 10 Chapter 5: A review of the truck manufacturing industry in Africa 11 Chapter 5: Tables & Figures 12 Chapter 6: A review of the truck manufacturing industry for the Indian sub-continent 13 Chapter 6: Tables & Figures 14 Chapter 7: A review of the truck manufacturing industry in China 16 Chapter 7: Tables & Figures 17 Chapter 8: A review of the truck manufacturing industry in Japan and South Korea 18 Chapter 8: Tables & Figures 19 Chapter 9: A review of the truck manufacturing industry in Southeast Asia 20 Chapter 9: Tables & Figures 21 Chapter 10: A review of the truck manufacturing industry in Australia and New Zealand 22 Chapter 10: Tables & Figures 23 Chapter 11: A review of the truck manufacturing industry in South America 24 Chapter 11: Tables & Figures 25 Chapter 12: A review of the truck manufacturing industry in North America 26 Chapter 12: Tables & Figures 27 1 © 2012 T&BB Reports Ltd. - The World Truck Manufacturing Industry 2012 T&BB << CONTENTS >> Chapter 1 - Overview of the world truck manufacturing industry Contents 1:1 Development cycles 1:8 Tables & Figures 1:2 Standardisation and globalisation 1:8 Overview 1:3 Access to developing markets 1:8 Economic background 1:3 The low-cost truck 1:9 Population 1:4 The world truck market 1:10 Economic growth 1:4 Truck production 1:10 Road freight volume 1:4 Truck sales 1:10 Truck market issues 1:4 World truck forecasts 1:10 Raw material costs 1:4 World truck manufacturers 1:10 Fuel costs 1:5 Daimler 1:11 Alternative fuels 1:6 Isuzu 1:11 Hybrid drive development 1:6 Iveco 1:11 Emissions regulations 1:6 MAN 1:11 Connectivity 1:7 Paccar 1:12 Heavy truck market cycles 1:7 Scania 1:12 Production capacity management 1:8 Volvo 1:12 Vertical versus horizontal integration 1:8 World OEM truck sales 1:12 2 © 2012 T&BB Reports Ltd. - The World Truck Manufacturing Industry 2012 T&BB << CONTENTS >> &KDSWHU7DEOHVDQG¿JXUHV Figure 1-1 : World GDP per capita (US$ PPP), 2001 – 2011 1:4 Figure 1-8 : North American and Western Europe heavy truck (16t gvw) sales,1988 – 2011 1:7 Table 1-1 : World GDP growth and forecasts (%) by region, 2010 – 2013 1:4 Table 1-2 : Global truck production by region, 2007 – 2011 1:10 Figure 1-2 : World GDP growth and forecasts (%) by region, Figure 1-9 : Global truck production by region, 2007 – 2011 1:10 2010 – 2013 1:4 Figure 1-10 : Global commercial vehicle unit sales by Figure 1-3: Steel price index (April 1994 = 100), 2001 to July 2012 1:5 country/region, 2011 1:10 Figure 1-4 : Aluminium price index (US$/tonne), 2000 – Figure 1-11 : Global commercial vehicle sales value by August 2012 1:5 country/region, 2011 1:10 Figure 1-5 : WTI crude oil spot average prices (US$/barrel), Table 1-4: World medium and heavy (>6t GVW) truck market 1986 to mid-2012 1:5 by region / country (units ‘000) for 2010, 2011 and 2015 1:11 Figure 1-6 : US average diesel fuel price (US$), 2000 to 2011 with forecasts to 2013 1:5 Figure 1-12: World medium and heavy (>6t GVW) truck market by region / country (units ‘000) for 2010, 2011 and 2015 1:11 Figure 1-7 : Diesel NOx emissions standards, EU, the US and Japan, 1995 – 2013 1:6 Table 1-3 : Global truck OEMs world sales, 2007 – 2011 1:12 3 © 2012 T&BB Reports Ltd. - The World Truck Manufacturing Industry 2012 T&BB << CONTENTS >> Chapter 2 - A review of the truck manufacturing industry in Western Europe Economic background and overview 2.4 Iveco 2.24 Population 2.4 Corporate structure 2.25 Economic growth 2.4 Shareholders 2.25 Interest rates 2.4 Global strategy 2.25 Freight volumes 2.5 Manufacturing facilities 2.25 Truck production 2.5 Product range 2.26 Truck sales 2.5 Sales performance 2.27 Market shares 2.6 Financial performance 2.27 Western European truck manufacturers 2.7 Outlook 2.28 Daimler 2.7 DAF (Paccar) 2.28 Corporate structure 2.8 Corporate structure 2.28 Shareholders 2.8 Global strategy 2.29 Global strategy 2.8 Manufacturing facilities 2.29 Manufacturing facilities 2.9 Product range 2.29 Product range 2.10 Sales performance 2.30 Production output 2.10 Financial performance 2.30 Sales performance 2.11 Outlook 2.30 Financial performance 2.12 Scania 2.30 Outlook 2.12 Corporate structure 2.31 Volvo 2.13 Shareholders 2.31 Corporate structure 2.14 Global strategy 2.31 Shareholders 2.14 Manufacturing facilities 2.32 Global strategy 2.14 Product range 2.32 Manufacturing facilities 2.15 Sales performance 2.33 Product range 2.16 Financial performance 2.33 Sales performance 2.17 Outlook 2.34 Financial performance 2.19 Specialty truck manufacturers in Western Europe 2.34 Outlook 2.20 Dennis Eagle 2.34 MAN Truck & Bus 2.20 Product range 2.34 Corporate structure 2.21 3URGXFWLRQVDOHVDQG¿QDQFLDOSHUIRUPDQFH 2.35 Shareholders 2.21 GINAF 2.35 Global strategy 2.21 Product range 2.35 Manufacturing facilities 2.22 Nissan 2.35 Product range 2.22 Product range 2.36 Sales performance 2.22 Sisu 2.36 Financial performance 2.23 Terberg Benschop 2.36 Outlook 2.24 Product range 2.36 4 © 2012 T&BB Reports Ltd. - The World Truck Manufacturing Industry 2012 T&BB << CONTENTS >> &KDSWHU7DEOHVDQG¿JXUHV Table 2-1 : Population (millions) in the EA17 and Figure 2-15 : Daimler truck registrations in Western Europe, EU27, 2007 – 2011 2:4 2007 – 2011 2:12 Table 2-2 : GDP growth and forecasts (%) in the Table 2-15 : Daimler Trucks revenue (€bn), 2006 – 2011 2:12 EA17 and EU27, 2007 – 2013 2:4 Table 2-16 : Daimler Trucks EBIT (€bn), 2006 – 2011 2:12 Figure 2-1 : GDP growth and orecasts (%) in the Figure 2-17 : Daimler Trucks EBIT (€bn), 2006 – 2011* 2:12 EA17 and EU27, 2007 – 2013 2:4 Figure 2-18 : Daimler Trucks operating margin (%), Figure 2-2 : Benchmark interest rate in the Euro 2006 – 2011 2:12 area, 2007 – 2012 2:5 Table 2-17 : Volvo Truck production facilities 2:16 Table 2-3 : Road freight transport (millions of tkm) Table 2-18 : Volvo Truck model range 2:16 in the EU27, 2006 – 2010 2:5 Table 2-19 : Renault Trucks model range 2:17 Figure 2-3 : Road freight transport (millions of t.km) EU27, 2006 – 2010 2:5 Table 2-20 : Volvo Group truck deliveries by region, 2007 – 2011 2:18 Figure 2-4 : National and international road freight in the EU, 2000 – 2011 2:5 Figure 2-19 : Volvo Group truck deliveries by region, 2007 – 2011 2:18 Table 2-4 : Heavy truck production in EU15, 2007 – 2011 2:5 Figure 2-20: Volvo Group truck deliveries by region, Figure 2-5 : Heavy truck production in EU15, 2007 – 2011 2:5 2011 2:18 Table 2-5 : Truck registrations in Western Europe, Table 2-21 : Volvo Group Trucks deliveries by weight class, 2007 – 2011 2:5 2007 - 2011 2:18 Figure 2-6 : Truck registrations in Western Europe, Figure 2-21 : Volvo Group truck deliveries by weight 2007 - 2011 2:6 class, 2011 2:18 Table 2-6 : Truck (>3.5t GVW) registrations by Table 2-22 : Volvo Group truck deliveries by brand, 2007 – 2011 2:18 manufacturer in Western Europe, 2007 – 2011 2:6 Figure 2-22 : Volvo Group truck deliveries by brand, Figure 2-7 : Truck (>3.5t GVW) registrations by 2007 – 2011 2:18 manufacturer in Western Europe, 2007 – 2011 2:6 Figure 2-23 : Volvo Group truck deliveries by brand, 2011 2:19 Table 2-7 : Heavy truck (>16t GVW)registrations by manufacturer in Western Europe, 2007 – 2011 2:6 Table 2-23 : Volvo truck deliveries in Western and Eastern Europe, 2007 – 2011 2:19 Figure 2-8: Heavy truck (>16t GVW) registrations by manufac- turer in Western Europe, 2007–2011* 2:6 Figure 2-24 : Volvo truck deliveries in Western and Eastern Europe, 2007 – 2011 2:19 Figure 2-9 : Market shares of trucks over 3.5t GVW in Western Europe, 2007 - 2011 2:6 Table 2-24 : Volvo/Renault new truck registrations in Western Europe, 2007 – 2011 2:19 Figure 2-10 : Market shares of trucks over 16t GVW in Western Europe, 2007 - 2011 2:6 Figure 2-25 : Volvo/Renault new truck registrations in Western Europe, 2007 – 2011 2:19 Table 2-8 : Daimler shareholders as at 6 February, 2012 2:8 Table 2-25 : Volvo Group truck sales revenue (SEKbn), Table 2-9 : Daimler commercial vehicle production facilities 2:9 2007 – 2011 2:19 Table 2-10 : Mercedes-Benz truck range 2:10 Figure 2-26 : Volvo Group truck sales total revenue (SEKbn), Table 2-11 : Daimler global medium and heavy truck 2007 – 2011 2:19 production 2007 – 2011 2:10 Table 2-26 : Volvo Group truck sales revenue (SEKbn) Figure 2-11: Daimler global medium and heavy truck by region, 2007 – 2011 2:19 production 2007 – 2011 2:11 Figure 2-27 : Volvo Group truck sales revenue (SEKbn) Table 2-12 : Daimler Trucks unit sales by region, by region, 2007 – 2011 2:20 2007 – 2011 2:11 Table 2-27 : Volvo Group truck division operating income Figure 2-12 : Daimler Trucks unit sales by region, (SEKbn), 2007 – 2011 2:20 2007 – 2011 2:11 Figure 2-28 : Volvo Group truck division operating income Figure 2-13 : Daimler Trucks unit sales by region, 2011 2:11 (SEKbn), 2007 – 2011 2:20 Table 2-13 : Daimler truck sales in Western Europe, Figure 2-29 : Volvo Group truck division operating 2007 – 2011 2:11 margin (%), 2006 – 2011 2:20 Figure 2-14 : Daimler truck sales in Western Europe, Table 2-28 : MAN production plants 2:22 2007 – 2011 2:11 Table 2-14 : Daimler truck registrations in Western Europe, Table 2-29 : MAN European truck range 2:22 2007 – 2011 2:12 Table 2-30 : MAN Truck & Bus deliveries, 2007 – 2011 2:23 5 © 2012 T&BB Reports Ltd.