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Heavy Duty Trucks Global Market Report 2025
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Heavy-duty trucks, also known as heavy commercial vehicles, are robust vehicles primarily designed to carry loads independently without the need for a trailer. These trucks typically have a gross vehicle weight of approximately 15,000 kg or more, making them suitable for transporting heavy equipment, construction materials, and minerals.

The main types of heavy-duty trucks are rigid and articulated. A rigid truck is characterized by having the cab and the body situated on the same fixed chassis. These trucks come with various types of propulsions, including internal combustion (IC) engines, electric vehicles, and fuel cell electric vehicles (FCEVs). They find applications in diverse sectors such as construction and mining, as well as freight and logistics.

The heavy duty trucks market research report is one of a series of new reports from The Business Research Company that provides heavy duty trucks market statistics, including heavy duty trucks industry global market size, regional shares, competitors with a heavy duty trucks market share, detailed heavy duty trucks market segments, market trends and opportunities, and any further data you may need to thrive in the heavy duty trucks industry. This heavy duty trucks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The heavy duty trucks market size has grown strongly in recent years. It will grow from $229.16 billion in 2024 to $242.93 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to growing industrial operations, increasing freight demand, rising pollution standards, advancements in vehicle safety, end-user demand.

The heavy duty trucks market size is expected to see steady growth in the next few years. It will grow to $291.39 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to growing demand for powerful vehicles, intensifying product demand in specific sectors, expansion of domestic and foreign trade, stringent emission regulations, rise in purchasing power. Major trends in the forecast period include electrification surge, telematics and connectivity, weight reduction technologies, last-mile delivery solutions, predictive maintenance.

The heavy-duty truck market is poised for growth due to an upsurge in infrastructure development and construction activities. These endeavors encompass the planning, financing, and execution of fundamental physical systems vital for societal well-being. Heavy-duty trucks play a pivotal role in these ventures by facilitating the transportation of materials, equipment, and goods essential for construction projects. Notably, in November 2023, the Office for National Statistics reported a significant increase in construction value and new orders in Great Britain, emphasizing the robust momentum in infrastructure development. Private infrastructure, commercial ventures, and public non-housing projects have notably contributed to this growth trajectory.

Leading players in the heavy-duty truck market are advancing technological innovations to fortify their market presence. Notably, hydrogen-powered trucks equipped with hydrogen internal combustion engine (ICE) technology are garnering attention for their sustainability and operational benefits. These trucks offer a promising solution to environmental concerns while enhancing industry viability. For example, in February 2023, Ashok Leyland, in collaboration with Reliance Industries Limited, introduced the H2-ICE heavy-duty truck range powered by hydrogen. This clean and renewable energy source is poised to revolutionize green mobility, delivering nearly zero emissions, comparable performance to traditional diesel trucks, reduced noise levels, and cost-saving operational efficiencies.

In October 2023, Alamo Group Inc., a leading US-based manufacturer specializing in agricultural equipment and infrastructure maintenance machinery, completed the acquisition of Royal Truck & Equipment Inc. for an undisclosed sum. This strategic move is anticipated to fortify Alamo's presence within the infrastructure maintenance sector while unlocking fresh avenues for growth in the highway safety market. Royal Truck & Equipment Inc., recognized for its expertise in heavy-duty truck manufacturing, aligns seamlessly with Alamo's strategic objectives.

Major companies operating in the heavy duty trucks market report are Toyota Motor Corporation, Fait Chrysler Automobile, Mercedes-Benz Group, Ford Motor Company, General Motors, Nissan Motor Co., Ltd., Volvo AB, Traton Group, Tata Motors Limited, Paccar Inc., Peterbilt, Scania AB, Mahindra & Mahindra Limited, Isuzu Motors Limited, Dongfeng Motor Group, MAN.SE, Hino Motors Ltd., Oshkosh Corporation, Mitsubishi Fuso Truck and Bus Corporation, Eicher Motors Ltd, Ashok Leyland, Mack Trucks, Western Star Trucks, Inc., Navistar International Corporation

North America was the largest region in the heavy duty trucks market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heavy duty trucks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the heavy duty trucks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The heavy duty trucks market consists of sales of cement trucks, dump trucks, long-haul tractor-trailers, Class 7 and Class 8 Trucks. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Heavy Duty Trucks Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on heavy duty trucks market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Where is the largest and fastest growing market for heavy duty trucks ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The heavy duty trucks market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Scope

Table of Contents

1. Executive Summary

2. Heavy Duty Trucks Market Characteristics

3. Heavy Duty Trucks Market Trends And Strategies

4. Heavy Duty Trucks Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Heavy Duty Trucks Growth Analysis And Strategic Analysis Framework

6. Heavy Duty Trucks Market Segmentation

7. Heavy Duty Trucks Market Regional And Country Analysis

8. Asia-Pacific Heavy Duty Trucks Market

9. China Heavy Duty Trucks Market

10. India Heavy Duty Trucks Market

11. Japan Heavy Duty Trucks Market

12. Australia Heavy Duty Trucks Market

13. Indonesia Heavy Duty Trucks Market

14. South Korea Heavy Duty Trucks Market

15. Western Europe Heavy Duty Trucks Market

16. UK Heavy Duty Trucks Market

17. Germany Heavy Duty Trucks Market

18. France Heavy Duty Trucks Market

19. Italy Heavy Duty Trucks Market

20. Spain Heavy Duty Trucks Market

21. Eastern Europe Heavy Duty Trucks Market

22. Russia Heavy Duty Trucks Market

23. North America Heavy Duty Trucks Market

24. USA Heavy Duty Trucks Market

25. Canada Heavy Duty Trucks Market

26. South America Heavy Duty Trucks Market

27. Brazil Heavy Duty Trucks Market

28. Middle East Heavy Duty Trucks Market

29. Africa Heavy Duty Trucks Market

30. Heavy Duty Trucks Market Competitive Landscape And Company Profiles

31. Heavy Duty Trucks Market Other Major And Innovative Companies

32. Global Heavy Duty Trucks Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Heavy Duty Trucks Market

34. Recent Developments In The Heavy Duty Trucks Market

35. Heavy Duty Trucks Market High Potential Countries, Segments and Strategies

36. Appendix

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