The Heavy Duty Trucks Market Report is Segmented by Tonnage Type (10 To 15 T and More Than 15 T), Class (Class 7 and Class 8), Propulsion Type (Diesel, Battery-Electric, and More), Application (Construction and Mining, and More), Truck Body Type (Tractor-Trailer, and More), Sales Channel (OEM, and More), and Geography (North America, and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The U.S. Class 8 market is dominated by Freightliner. The truck brand recorded year-to-date decline of about *** percent but held a market share of around ** percent in 2024. This means that almost one in four Class 8 trucks in the United States is a Freightliner-badged vehicle. Daimler Truck is Freightliner’s parent company and sells trucks under its Freightliner and Western Star brands.  Truck demand indicative of economic trend Class 8 heavy-duty truck sales expanded by some **** percent in 2021 after the industry was impacted by the COVID-19 pandemic in 2020, resulting in a contraction in sales. In total, customers in the United States bought just under ******* heavy-duty trucks in 2021. The industry closed the year on a positive note and also recorded a growth in order intake towards the end of the year. The market recovery is propelled by U.S. trucking companies, three of which ranked as the largest trucking companies worldwide  Heavyweights in the market  Class 8 trucks fall into the heavy-duty segment of the U.S. truck market. They are categorized by the U.S. Federal Highway Administration as vehicles with a gross vehicle weight rating in excess of 33,000 pounds. Many truck manufacturers also build trucks in smaller segments, such as Classes 4-7.

The United States Heavy-Duty Truck Market Report is Segmented by Gross Vehicle Weight Rating (Class 7, Class 8a, and More), Propulsion (Internal-Combustion Engine (ICE) and Electric), Axle Type (4x2, 6x2, 6x4, and More), Truck Type (Rigid, Articulated, and Others), and Application (Construction and Mining, Freight and Logistics, and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The Africa Heavy-Duty Truck Market Report is Segmented by Gross Vehicle Weight Rating (16–26 T, and More), Propulsion (ICE [Diesel and More] and Electrified [Battery-Electric and More] ), Axle Type (4×2, 6×2, 6×4, 6×6, 8×6, 8×8, and Other), Truck Type (Rigid, Articulated, and Others), Application (Construction & Mining and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

Heavy Duty (HD) Truck Market size was valued at USD 148.07 Billion in 2024 and is projected to reach USD 203.40 Billion by 2032, growing at a CAGR of 4.13% from 2026 to 2032.The market for heavy-duty trucks has expanded significantly in recent years, mostly due to the rapid growth of infrastructure and rising demand from end users in the global mining, construction, and other industries. This increase in demand is not just a fad; rather, it is a reflection of more significant social and economic changes that are transforming the world. A major factor driving the rise in demand for heavy-duty vehicles worldwide is the drive to improve infrastructure. Throughout the world, developed and emerging economies alike are making significant investments in modernizing and growing their infrastructure. Moreover, the heavy-duty truck market is being driven by two major factors: the logistics sector's transformation and the e-commerce industry's rapid growth. The global pandemic has expedited this trend, which has raised demand for conventional trucking services while also encouraging partnerships, innovation, and wise acquisitions in the sector.

Germany's Mercedes was the leading producer of medium and heavy commercial vehicles in 2021, holding around ** percent of the market. In 2022, Mercedes, DAF and Volvo gained the highest share of the market, each reporting ** percent of the market value. By 2026, Mercedes is predicted to once again become the leading producer of commercial vehicles, once again maintaining ** percent of the market.

The Mexico Heavy-Duty Truck Market Report is Segmented by Gross Vehicle Weight Rating (11. 8 To 15 T, 15 To 26 T, and Above 26 T), Propulsion Type (Internal Combustion Engine (ICE) and Electric), Axle Type (4x2, 6x4, and More), Truck Type (Rigid, Articulated, and Others), Application (Construction & Mining and More), and Region (Northern Mexico and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

In 2024, the U.S. heavy duty truck market decreased by -0.2% to $45.7B for the first time since 2021, thus ending a two-year rising trend. The market value increased at an average annual rate of +3.2% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $45.8B in 2023, and then shrank modestly in the following year.

The global heavy-duty truck market is booming, projected to reach $XX million by 2033 with a 5.55% CAGR. Discover key market trends, leading companies, regional insights, and future growth projections in this comprehensive analysis. Explore the impact of electric vehicles, emission regulations, and technological advancements shaping this dynamic industry.

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Europe Heavy-Duty Trucks Market Size 2025-2029

The heavy-duty trucks market in Europe size is forecast to increase by USD 19.44 billion billion at a CAGR of 8.5% between 2024 and 2029.

The market specifically for heavy-duty trucks, is experiencing significant growth in various regions, with a notable increase in demand in Eastern Europe. A key trend driving this growth is the shift towards alternative fuels, such as hydrogen and electric trucks, to reduce emissions and promote sustainability. However, the high cost of heavy-duty trucks remains a challenge for many buyers, leading to the rise of truck rental services and fleet management solutions. In the US and North America, the construction, logistics, and e-commerce industries are major consumers of heavy-duty trucks. These industries are increasingly adopting smart city technologies, such as LED lighting and stainless steel bodies, to enhance efficiency and durability.


Additionally, the demand for specialized trucks, such as dump trucks and SPAs, continues to grow in the construction sector. Overall, the heavy-duty truck market is expected to witness continued growth, driven by these trends and challenges, and the adoption of advanced technologies to improve fuel efficiency and reduce emissions.

What will be the Size of the market During the Forecast Period?

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The heavy-duty trucks market encompasses the production and sale of commercial vehicles designed for long-distance transportation and extreme situations. These vehicles, including heavy commercial vehicles and trailers, exhibit strong construction and powerful engines, enabling them to carry significant weight and traverse various terrains. The market caters to diverse industries such as long-distance freight transportation, mining operations, and industrial activities. Sustainability goals are increasingly influencing market trends, with a growing emphasis on alternative fuel vehicles and fleet modernization. Autonomous heavy-duty trucks are gaining traction as a potential solution for increased efficiency and reduced operational costs. Regulatory pressure to reduce emissions is another significant factor driving market evolution. The market is a dynamic and evolving sector, continually adapting to meet the demands of various industries and societal expectations.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  3.5 to 16 tonnes
  Over 16 tonnes


Fuel Type

  Diesel powered
  Gasoline powered
  Electric powered
  Solar powered


Propulsion

  Internal combustion engine (ICE)
  Hybrid and electric vehicles (HEV and BEV)


Geography

  Europe

    France
    Germany
    Italy
    UK

By Type Insights

The 3.5 to 16 tonnes segment is estimated to witness significant growth during the forecast period.

Heavy-duty trucks, with weight capacities ranging from 3.5 to 16 tonnes, play a pivotal role in various industries and applications due to their adaptability. These trucks are ideal for local and regional transport tasks, including food distribution, parcel delivery, and construction projects. Their smaller size and maneuverability enable efficient navigation in urban and suburban environments. In the construction industry, HD trucks are utilized for transporting materials within a city or region. The Asia Pacific region, driven by emerging economies and smart city initiatives, presents significant growth opportunities for commercial vehicles, including HD trucks. Additionally, the e-commerce industry's wave in demand for last-mile delivery solutions further bolsters the market for HD trucks.

In the mining sector, dump trucks and mining vehicles are essential for resource extraction and industrial activities. Advanced driver-assistance systems, load-carrying capacities, and safety features are crucial considerations for HD trucks. The adoption of green technologies, such as battery-powered trucks, hydrogen trucks, and alternative fuel trucks, is on the rise due to environmental regulations and sustainability initiatives. Fleet management systems, real-time tracking, and tracing solutions are also increasingly important for optimizing operations and reducing costs. The global market for heavy-duty trucks is expected to grow significantly due to economic expansion, freight demand, and infrastructure projects in industrial zones.

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Market Dynamics

Our Europe Heavy-Duty Trucks Market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their m

The global heavy-duty truck market size reached USD 209,987.8 million in 2022 and will reach USD 328678.9 million by 2030, growing at a CAGR of 4.9% from 2022 to 2030. Market Dynamics of Heavy-Duty Truck Market

Key Drivers for Heavy-Duty Truck Market

Freight demand growth: Global road freight volumes are expected to rise by 40% by 2030, propelled by the growth of e-commerce and urbanization. This surge necessitates the addition of 2.5 million new heavy trucks each year, with a compound annual growth rate (CAGR) of 15% in emerging markets such as India and Southeast Asia.

Fuel efficiency regulations: The EPA Phase 3 (2027) and Euro VII standards require a 30% reduction in CO? emissions, which is driving the faster adoption of aerodynamic designs that offer 5-7% fuel savings, as well as predictive powertrains.

Electrification of urban logistics: Class 8 electric trucks are anticipated to capture an 8-10% market share by 2025, with ranges exceeding 500 km becoming the norm. The Tesla Semi’s efficiency of less than 1.7 kWh/km establishes new industry benchmarks.

Key Restraints for Heavy-Duty Truck Market

High upfront costs: The initial investment for electric heavy trucks is 2.5 times greater than that of diesel counterparts ($300K compared to $120K). Additionally, battery replacement after 8-10 years incurs over $60K in lifecycle costs.

Charging infrastructure limitations: Megawatt charging (MCS) stations are still limited, with only over 150 currently operational worldwide. Upgrading the grid for fleet depots necessitates investments exceeding $1M per site.

Driver shortages: The United States is experiencing a shortage of 160,000 drivers, while 30% of truck drivers in the EU are expected to retire by 2026. The implementation of autonomous technology is still 5-7 years away from achieving Level 4 adoption.

Key Trends for Heavy-Duty Truck Market

Hydrogen fuel cell adoption: The Hyundai XCIENT and Nikola Tre FCEV aim for ranges of 800 km with a refueling time of 20 minutes. Government subsidies in key markets cover 40-50% of the associated costs.

Platooning automation: Level 2 convoy systems can decrease fuel consumption by 10% through coordination of 0.5-second gaps. Daimler’s Detroit Assurance 5.0 facilitates hands-free driving on highways.

Predictive maintenance AI: Sensors for engines and transmissions can predict failures over 3,000 miles in advance, reducing downtime by 50%. Over-the-air updates enhance fuel maps in real-time. A heavy-duty truck is categorized as a vehicle that has or exceeds a Gross Vehicle Weight Rating (GVWR) of more than 26,001 pounds. It includes polished stainless steel for brilliant finishes, aluminum for lightweight and corrosion resistance, steel for strength and durability, and molded plastics for intricate shapes. Heavy-duty trucks are frequently utilized in the commercial sector, particularly on construction sites to transport bulky building supplies or carry massive loads. These vehicles are built with strong transmissions and powerful engines.

in the fiscal year 2023, the market share for medium and heavy commercial vehicle trucks across India was dominated by *********** at about ** percent. Close to ** percent of the market share was dominated by the two leading market players.

The heavy-duty truck market is projected to climb to *** billion U.S. dollars, up from around *** billion U.S. dollars in 2019. This represents a compound annual growth rate of around *** percent during the seven year forecast period.

The global heavy duty trucks market size was more than USD 233.28 billion in 2025 and is anticipated to grow at a CAGR of more than 4.6%, reaching USD 365.76 billion revenue by 2035, attributed to lowering the risks of accidents and increasing safety.

Medium-duty trucks are typically Class 5-8 trucks with a gross vehicle weight (GVW) of 10,000 to 33,000 pounds. They are designed to haul heavier loads than light-duty trucks but are smaller and more maneuverable than heavy-duty trucks. Medium-duty trucks are used in a wide range of applications, including construction, mining, freight transportation, and garbage collection. Recent developments include: July 2023: Daimler Truck and Torc Robotics announced a partnership to develop autonomous medium-duty trucks. Daimler Truck will provide the truck platform, while Torc will provide the autonomous driving system. The partnership is expected to result in the first commercial deployment of autonomous medium-duty trucks in North America., May 2023: Hino announced that it had formed a joint venture with Isuzu to develop electric medium-duty trucks. The joint venture is expected to lead to the development of new electric truck models that are sold by both companies., April 2023: Mitsubishi Fuso Truck and Bus Corporation acquired the 10% stake in Nikola Corporation, a startup that develops electric vehicles. The investment is expected to help Mitsubishi Fuso develop electric medium-duty trucks., Volvo Group has launched the new line of its electric trucks, with more sophisticated battery technology to achieve longer distances and better performance., Ford Motor Company has recently announced an all-new medium-duty truck and improved driver assistance technology aimed at enhancing fleet management connectivity., Isuzu Motors announced last week that it had bought UD Trucks from Volvo Group, as part of its alliance with Isuzu Motors.. Key drivers for this market are: The increasing demand for medium-duty trucks in various industries

The rising cost of fuel. Potential restraints include: The economic slowdown in some parts of the world

The rising cost of manufacturing. Notable trends are: Growing demand for urban logistics and last-mile delivery services is driving the market growth.

The global truck market is booming, projected to reach [estimated 2033 market size in millions] by 2033, with a CAGR of 7.40%. This comprehensive analysis explores market drivers, trends, restraints, and segmentation across tonnage, class, fuel type, and application, featuring key players like PACCAR and Daimler. Discover regional insights and growth forecasts for North America, Europe, and Asia-Pacific. Recent developments include: November, 2022: The Volvo Group, Mack Trucks' parent company, and Pilot Company have agreed to establish public charging infrastructure for medium- and heavy-duty customers in North America. Pilot Company will install high-performance charging infrastructure at select Pilot and Flying J travel centers across the United States, while The Volvo Group will provide expertise in determining which locations should be prioritized for charging infrastructure based on current and anticipated BEV truck adoption, customer charging requirements, and funding availability from the federal and state governments., September, 2022: At its plant in Sete Lagoas, Brazil, Iveco announced the commencement of the production of its Hi-Way heavy truck with a natural gas (CNG) powertrain. The truck is powered by a 460 horsepower FPT Cursor 13 engine with six cylinders. Meritor supplied the Hi-Way's rear axle, and the ZF Traxon gearbox has 12 speeds., March, 2022 : The three leading commercial vehicle manufacturers, Traton Group, Daimler Truck, and Volvo Group, signed a binding agreement to create a joint venture (JV) to install and operate a high-performance public charging network for battery electric, heavy-duty long-haul trucks, and coaches across Europe.. Key drivers for this market are: Increasing Demand For Electric Vehicles is Anticipated to Boost the Market. Potential restraints include: High Cost Associated with Electric Vehicles is Anticipated to Restrain the Growth of the Market. Notable trends are: Hybrid and Electric Heavy-duty Trucks to Have Positive Impact on the Market.

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The heavy-duty trucks market has the potential to grow by 474.96 thousand units during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 5.55%.

This heavy-duty trucks market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by GVWR (class 8 and class 7) and geography (APAC, Europe, North America, South America, and MEA). The heavy-duty trucks market report also offers information on several market vendors, including AB Volvo, BYD Co. Ltd., CNH Industrial NV, Daimler AG, Hino Motors Ltd., Navistar International Corp., PACCAR Inc., Scania AB, Tesla Inc., and Volkswagen AG among others.

What will the Heavy-duty Trucks Market Size be in 2021?

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Heavy-duty Trucks Market: Key Drivers and Trends

The increasing demand for heavy-duty trucks in emerging countries is notably driving the heavy-duty trucks market growth, although factors such as high manufacturing costs of heavy-duty trucks may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the heavy-duty trucks industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

      One of the key factors driving growth in the heavy-duty trucks market is the increasing demand for heavy-duty trucks in emerging countries.
      The growth of the market is highly dependent on the demand for and production of such trucks across the globe.
      High demand in the heavy-duty truck market is expected from India owing to the increasing manufacturing activities, which generates high demand for transportation and logistics services.
      The country is also experiencing rapid economic growth, which increases the GDP.
      Eastern Europe is expected to account for a significant portion of the adoption of heavy-duty trucks as countries in this region are witnessing rapid economic growth, which can be positively correlated with the accelerating demand for transportation and logistics.




      The growing demand for heavy-duty trucks from truck rental service providers is another major factor supporting the heavy-duty trucks market share growth.
      Cash inflows from businesses, equipment utilization, time utilization, and higher prices are the factors contributing to the truck rental service market growth.
      The mounting cost pressure on fleet operators has made it imperative for them to adopt flexible ways to run fleets during peak demand across industries such as construction and logistics.
      Heavy-duty truck manufacturers are witnessing a considerable increase in their sales volume, owing to the relatively greater adoption of these trucks in truck rental services as compared with retail sales.
      The growth in truck rental service providers through location expansions and wide service offerings is boosting them to adopt heavy-duty trucks.

This heavy-duty trucks market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Heavy-duty Trucks Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

AB Volvo
BYD Co. Ltd.
CNH Industrial NV
Daimler AG
Hino Motors Ltd.
Navistar International Corp.
PACCAR Inc.
Scania AB
Tesla Inc.
Volkswagen AG

This statistical study of the heavy-duty trucks market encompasses successful business strategies deployed by the key vendors. The heavy-duty trucks market is concentrated and the vendors are deploying growth strategies such as pricing and marketing strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The heavy-duty trucks market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Heavy-duty Trucks Market?

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58% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for heavy-duty trucks market in APAC. Market growth in this region will be

The Saudi Arabia Heavy-Duty Trucks market was valued at USD 8.15 Billion in 2024 and is expected to reach USD 11.89 Billion by 2030 with a CAGR of 6.50% during the forecast period.

The U.S. dominates in global imports on the heavy duty truck market, accounting for a 17% share (based on USD). It was followed by Canada (7%), Germany (6%) and France (6%). In 2015, U.S. heavy duty truck imports totaled 16,262 million USD, which was 950 million USD (+6%) more than the year before.

The global heavy-duty truck market, valued at $35.92 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 8.09% from 2025 to 2033. This expansion is fueled by several key factors. Increasing global trade and e-commerce necessitate efficient long-haul transportation, boosting demand for heavy-duty trucks. Furthermore, the construction and infrastructure development sectors, particularly in rapidly developing economies in Asia and the Middle East, are significant contributors to market growth. The ongoing shift towards sustainable transportation solutions is also impacting the market, with the adoption of electric and alternative fuel-powered heavy-duty trucks gaining momentum, though diesel remains the dominant fuel type for the foreseeable future. Government regulations promoting fuel efficiency and emission reductions are further shaping the market landscape, incentivizing the development and adoption of cleaner technologies. Competitive pressures among major players like Volvo, Daimler, and Tesla are driving innovation and price competition, benefiting consumers and fueling market expansion. Regional variations exist, with North America and Europe holding significant market shares initially, but the Asia-Pacific region is expected to witness the fastest growth due to burgeoning infrastructure projects and economic expansion. Segmentation within the market reveals key trends. The over-16-tonne segment holds a larger market share compared to the 3.5 to 16-tonne segment, reflecting the demand for high-capacity trucks for bulk transportation. Within fuel types, diesel remains prevalent, though the gasoline-powered segment holds a smaller yet steadily growing niche. The electric and solar-powered segments, while currently smaller, are poised for significant growth driven by environmental concerns and technological advancements. Market challenges include fluctuating fuel prices, stringent emission regulations, and the high initial investment cost associated with electric and alternative fuel vehicles. However, government subsidies and incentives are gradually mitigating these challenges, fostering wider adoption of sustainable solutions. Overall, the heavy-duty truck market is dynamic, with strong growth potential driven by global trade, infrastructure development, and the ongoing transition to more sustainable transportation options.