The Global Heavy Duty Truck Market Sale Statistics Have Been Segmented by Tonnage Type (10 15 Tons and More Than 15 Tons), Class (Class 5, Class 6, Class 7, and Class 8), Fuel Type (Gasoline, Diesel, Electric, and Alternative Fuels), Application Type (Construction and Mining, Freight and Logistics, and Other Applications), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Size and Forecast for the Heavy-Duty Truck Market in Value (USD Billion) for the Above-Mentioned Segments.

U.S. heavy truck sales soared to around 854,000 units in 2019 before dropping to some 758,000 sales in 2020, a decrease of almost 11 percent year-over-year. in 2021, the number of sales then rose again to 842,000 units, an increase of over 11 percent from 2020. Heavy trucks have a gross vehicle weight in excess of 26,001 pounds and are often classified as Class 7 or Class 8 trucks. Freightliner and Kenworth lead the market in terms of Class 8 truck sales in the United States.

Graph and download economic data for Motor Vehicle Retail Sales: Heavy Weight Trucks (HTRUCKSSAAR) from Jan 1967 to Feb 2025 about heavy weight, trucks, vehicles, retail trade, new, sales, retail, and USA.

Heavy-duty trucks made up the largest share of the global medium and heavy truck sales in 2021, with around 2.64 million heavy commercial vehicles sold that year. This weight class is forecast to remain the best-seller by 2030, when sales of heavy trucks are expected to reach some 4.76 million units. In contrast, the medium-duty truck market is projected to record a slower expansion.

Heavy trucks include trucks with more than 14,000 pounds gross vehicle weight. Prior to the 2003 Benchmark Revision heavy trucks were more than 10,000 pounds. The U.S. Bureau of Economic Analysis releases auto and truck sales data, which are used in the preparation of estimates of personal consumption expenditures.

In 2020, truck sales are expected to decline between 20 and 30 percent year-on-year, and it is expected that about 1.7 million such vehicles will be sold in 2020. In 2019, some 2.3 million heavy-duty trucks were sold globally.

U.S. sales of most classes of medium and heavy trucks have been increasing year-on-year since 2009, with the notable exception of class 8 heavy trucks, which have fallen sharply in recent years; in 2017 a total of 192,000 class 8 trucks were sold in the U.S., compared to the 249,000 sold in 2015. In 2019, class 8 trucks sales recovered, with 276,000 units sold. Commercial vehicle classifications Commercial motor vehicles in the United States are divided into eight different classes based on weight. Light duty trucks are included in classes 1 and 2, medium duty trucks in classes 3 to 6, and heavy trucks in classes 7 and 8. The weight range for each class is not consistent – for example class 3 includes trucks between 10,001 and 14,000 pounds, class 5 is between 16,001 and 19,500 pounds, and class 7 is between 26,001 and 33,000 pounds. Sales for all truck classes – including Class 8 – are expected to increase over the short term. Global commercial vehicle market Over the last decade Chinese demand for commercial vehicles has overtaken that of the United States. Based on projections, sales of trucks over 15 tons (class 8) are three to four times higher in China than in the United States, while sales of trucks between 6 and 15 tons (roughly classes 4 to 7) are around 50 percent higher. However, commercial vehicle production in the U.S. is higher than in China, with the 8.37 million trucks produced in the U.S. in 2019 being around twice the Chinese production numbers of that year. When considering only heavy trucks though, production is much higher in the Asia-Pacific region than in North America. This is likely due to multiple major vehicle-producing countries, such as Japan, China, Thailand and India, being located in the region.

Forecast: Heavy Duty Truck Sales in the US 2024 - 2028 Discover more data with ReportLinker!

Heavy trucks include trucks with more than 14,000 pounds gross vehicle weight. Prior to the 2003 Benchmark Revision heavy trucks were more than 10,000 pounds. The U.S. Bureau of Economic Analysis releases auto and truck sales data, which are used in the preparation of estimates of personal consumption expenditures.

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.

In 2021, some 3.3 million automobiles, about 11.6 million light trucks, and some 451,400 heavy-duty trucks were sold to customers in the United States. The U.S. auto industry sold about 15.5 million motor vehicles in 2021—a slow recovery compared to 2020. Retail sales of motor vehicles declined significantly during the coronavirus pandemic in 2020. Pickup truck sales were the least affected by the pandemic because of their popularity in states with less stringent COVID measures.

Mass motorization fuels the market

As of 2022, over 76 percent of the U.S. population reported having access to their own car, with an additional 19 percent having access to a company or family car. This reliance on passenger vehicles is partly due to the U.S.’s extensive road network, which creates an incentive toward mass motorization and leads to higher demands, boosting the U.S. automotive market. As of March 2022, 48 percent of consumers in the United States reported they intended to purchase a car.

A success at risk due to the chip shortage

With over 1.5 trillion U.S. dollars in revenue from road vehicle and parts retail trade, the sector has swiftly recovered from the COVID-19 pandemic due to the rise in light truck sales. In contrast, interest in automobiles has been nosediving since 2015, as the U.S. consumers moved away from smaller models. Light trucks might, however, might fall victim to their own success. The global automotive chip shortage is an ongoing challenge in the industry. While passenger vehicle demand remains high, the monthly inventory-to-sales ratio has been nosediving since April 2020.

The heavy-duty truck market is projected to climb to 430 billion U.S. dollars, up from around 360 billion U.S. dollars in 2019. This represents a compound annual growth rate of around 2.6 percent during the seven year forecast period.

[226+ Pages Report] The global heavy duty trucks market size is expected to grow from USD 250 billion in 2022 to USD 315.85 billion by 2030, at a CAGR of 7.6% from 2023-2030

United States Motor Vehicle Sales: Quantity: sa: Heavy Trucks data was reported at 39.594 Unit th in Jun 2018. This records an increase from the previous number of 37.713 Unit th for May 2018. United States Motor Vehicle Sales: Quantity: sa: Heavy Trucks data is updated monthly, averaging 28.600 Unit th from Jan 1967 (Median) to Jun 2018, with 618 observations. The data reached an all-time high of 46.700 Unit th in Mar 1973 and a record low of 13.200 Unit th in Oct 1982. United States Motor Vehicle Sales: Quantity: sa: Heavy Trucks data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.H017: Motor Vehicles Sale: Bureau of Economic Analysis.

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The heavy-duty truck suspension system market is expected to grow at a CAGR of 1% during the forecast period. This market growth can be attributed to various factors including growing sales of heavy-duty trucks.

The heavy-duty truck suspension system market report offers several other valuable insights such as:

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive heavy-duty truck suspension system market growth during the next five years
Precise estimation of the heavy-duty truck suspension system market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the heavy-duty truck suspension system market industry across APAC, North America, Europe, South America, and MEA
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of heavy-duty truck suspension system market vendors

This statistic represents the volume of medium- and heavy-duty truck sales in the United States in 1997 and 2015, with a breakdown by class. Class 7 truck sales in the U.S. came to some 58,800 units in 2015.

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Pickup Truck Market Size 2025-2029

The pickup truck market size is forecast to increase by USD 112.9 billion at a CAGR of 5.2% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing utility of these vehicles in various sectors, including construction, agriculture, and transportation. This trend is particularly prominent in regions with large economies and a strong focus on infrastructure development, such as North America and Asia-Pacific. Another key driver is the ongoing shift towards the use of lighter materials in pickup truck manufacturing, which helps improve fuel efficiency and reduce emissions, making these vehicles more environmentally friendly and cost-effective to operate. However, the market also faces challenges, with increasing stringency of fuel efficiency and emission standards posing significant hurdles for manufacturers. To capitalize on market opportunities and navigate these challenges effectively, companies must stay abreast of technological advancements and regulatory requirements, and explore innovative solutions to enhance the functionality and sustainability of pickup trucks.

What will be the Size of the Pickup Truck Market during the forecast period?

Request Free SampleThe market encompasses a significant segment of the commercial vehicle industry, with these versatile vehicles catering to various sectors, including construction and infrastructure, logistics, and recreational use. Pickup trucks, as light-duty vehicles known for their cargo carrying capacity, continue to gain popularity due to their applicability to commercial purposes. The market's size and direction are influenced by several predefined factors, such as rapid economic growth, rising disposable incomes, and the increasing demand for B2C enterprises to streamline their operations. Vehicle registries and car dealers serve as essential touchpoints for consumers, providing access to specifications and base models tailored to their needs. Automobile manufacturers continually innovate, integrating safety features, connectivity options, and environmental consciousness into their offerings. The complexity of pickup trucks, which can serve both on-road and off-road functions, adds to their appeal. As the logistics industry and environment agencies increasingly prioritize sustainability, pickup trucks are evolving to meet these demands while maintaining their rugged and reliable nature.

How is this Pickup Truck Industry segmented?

The pickup truck industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeECCCRegular cabProductFull-size pickup truckSmall-size and mid-size pickup truckGeographyNorth AmericaUSCanadaAPACAustraliaChinaIndiaJapanEuropeFranceGermanyUKSouth AmericaBrazilMiddle East and Africa

By Type Insights

The eccc segment is estimated to witness significant growth during the forecast period.Pickup trucks, as commercial vehicles, continue to gain popularity in various industries due to their cargo carrying capacity and versatility. Extended cab and crew cab models cater to different customer preferences, with extended cabs offering smaller rear seats and access doors, and crew cabs providing two rows of seats and full-size doors. These vehicles serve commercial purposes, such as logistics and construction, as well as individual use for recreational activities. New passenger cars and base models face intense competition from pickup trucks in the market. Predefined factors, including vehicle registries, car dealers, and environmental agencies, influence consumer spending trends. The E-commerce sector's rapid economic growth and industrialization contribute to the increasing demand for pickup trucks. Fuel efficiency and propulsion type are essential considerations for pickup trucks. Diesel, gasoline, hybrid, and electric pickup trucks cater to various customer preferences and environmental consciousness. The diesel engine segment and electric propulsion systems are key areas of product innovation. Factors like fuel prices, economic conditions, and safety features also impact the market. Battery technology advancements and compact models are emerging trends. The light-duty vehicles' cargo capacity and commercial use, whether for heavy-duty applications or individual use, remain significant factors. In , pickup trucks' versatility, practicality, and cargo carrying capacity make them indispensable for various industries and individual use. Factors like fuel efficiency, propulsion type, and environmental concerns continue to shape the market.

Get a glance at the market report of share of various segments Request Free Sample

The ECCC segment was valued at USD 240.70 billion in 2019 and showed a gradual increase during the fo

Market Overview:

GCC pickup truck market size is projected to exhibit a growth rate (CAGR) of 4.90% during 2024-2032. The increasing integration of advanced technologies, such as infotainment systems, safety features, and towing enhancements, that can attract consumers looking for modern and versatile vehicles, is driving the market.

A pickup truck is a versatile vehicle characterized by its open cargo area at the rear, separated from the passenger compartment. Designed for a variety of tasks, pickup trucks are known for their ruggedness, towing capabilities, and off-road prowess. Typically featuring a robust chassis and powerful engine options, they are popular for both personal and commercial use. The cargo bed allows for the transportation of goods, equipment, or other items, making them essential for activities such as construction, farming, and outdoor adventures. Pickup trucks often come in various sizes, from compact models suitable for urban driving to heavy-duty trucks capable of handling substantial payloads. Known for their reliability and adaptability, pickup trucks have become an iconic symbol of utility and resilience in the automotive industry.

GCC Pickup Truck Market Trends:

The pickup truck market in GCC is experiencing robust growth, driven by various factors that collectively contribute to its sustained popularity. Firstly, the surge in demand can be attributed to the ever-expanding versatility of pickup trucks, as they seamlessly transition from traditional workhorses to multifaceted vehicles suitable for both professional and personal use. Moreover, the growing trend of outdoor activities and adventure sports has significantly elevated the appeal of pickup trucks, positioning them as ideal companions for off-road enthusiasts and recreational purposes. Furthermore, advancements in technology have played a pivotal role in reshaping the pickup truck landscape. The integration of smart features, enhanced safety systems, and fuel-efficient engines has not only attracted a broader consumer base but also elevated the overall driving experience. Additionally, the increasing preference for larger, more spacious vehicles, coupled with the desire for a sense of security on the road, has driven consumers toward the commanding presence and robust build of pickup trucks. In tandem with these trends, economic factors such as a thriving construction industry and a resurgence in infrastructure projects contribute to the rising demand for pickup trucks, as they remain indispensable for transporting goods and equipment. Consequently, a confluence of factors, from lifestyle shifts to technological innovations and economic activities, propels the regional pickup truck market forward, underscoring its enduring prominence in the automotive industry.

GCC Pickup Truck Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on fuel type, vehicle type, and application.

Fuel Type Insights:

• Diesel
• Petrol
• Electric
• Others
  

The report has provided a detailed breakup and analysis of the market based on the fuel type. This includes diesel, petrol, electric, and others.

Vehicle Type Insights:

• Light-Duty
• Heavy-Duty
  

A detailed breakup and analysis of the market based on the vehicle type have also been provided in the report. This includes light-duty and heavy-duty.

Application Insights:

• Individual Use
• Commercial Use
  

The report has provided a detailed breakup and analysis of the market based on the application. This includes individual use and commercial use.

Country Insights:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain
  

The report has also provided a comprehensive analysis of all the major regional markets, which include Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

GCC Pickup Truck Market Report Coverage:

Key Questions Answered in This Report:

• How has the GCC pickup truck market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the GCC pickup truck market?
• What is the breakup of the GCC pickup truck market on the basis of fuel type?
• What is the breakup of the GCC pickup truck market on the basis of vehicle type?
• What is the breakup of the GCC pickup truck market on the basis of application?
• What are the various stages in the value chain of the GCC

Class 7 trucks were the most popular heavy-duty electric vehicle trucks in the United States in 2019, with 40 vehicles in the fleet. By 2026, it is projected this volume will grow to 753 units, with a compound annual growth rate of 73.39 percent between 2020 and 2026.

China Automobile: Sales: CC: Truck: Heavy data was reported at 19,406.000 Unit in Jan 2025. This records a decrease from the previous number of 20,800.000 Unit for Dec 2024. China Automobile: Sales: CC: Truck: Heavy data is updated monthly, averaging 14,801.000 Unit from Jan 2005 (Median) to Jan 2025, with 241 observations. The data reached an all-time high of 42,230.000 Unit in Mar 2011 and a record low of 2,015.000 Unit in Jan 2006. China Automobile: Sales: CC: Truck: Heavy data remains active status in CEIC and is reported by China Association of Automobile Manufacturers. The data is categorized under Global Database’s China – Table CN.RAB: Automobile Sales: Commercial Car: Truck.