세계의 트럭 시장은 2024년에 8,530억 1,000만 달러에 달하며, 예측 기간 중 CAGR은 5.25%로, 2030년까지는 1조 1,595억 4,000만 달러에 달할 것으로 예측됩니다.
세계의 트럭 시장은 운송 및 물류 역학의 변화를 반영하는 몇 가지 중요한 요인에 의해 큰 성장을 달성하고자 합니다. 주요 성장 요인 중 하나는 E-Commerce의 확대와 공급망의 세계화에 따른 화물 운송 수요 증가입니다. 기업이 소비자 수요를 충족시키기 위해 효율적인 물류 솔루션에 대한 의존도가 높아짐에 따라 견고한 트럭 운송 운영에 대한 필요성이 증가하고 있습니다. 또한 텔레매틱스, 경로 최적화 소프트웨어, 전자기록장비(ELD) 등의 기술 발전은 운영 효율성을 높이고 비용을 절감하며 시장 성장을 더욱 촉진하고 있습니다. 엄격한 배기가스 규제와 운송 부문의 지속가능성에 대한 관심이 높아짐에 따라 전기 트럭과 하이브리드 트럭으로의 전환이 가속화되고 있습니다.
| 시장 개요 | |
|---|---|
| 예측 기간 | 2026-2030년 |
| 시장 규모 : 2024년 | 8,530억 1,000만 달러 |
| 시장 규모 : 2030년 | 1조 1,595억 4,000만 달러 |
| CAGR : 2025-2030년 | 5.25% |
| 급성장 부문 | 클래스 8 |
| 최대 시장 | 북미 |
세계의 트럭 시장을 형성하고 있는 몇 가지 동향 중 특히 지속가능성과 환경적 책임에 대한 관심이 높아지고 있습니다. 트럭 제조업체들은 규제 기준과 소비자의 기대에 부응하기 위해 전기 및 대체 연료 차량 개발에 많은 투자를 하고 있습니다. 이러한 추세는 이산화탄소 배출량을 줄이는 것뿐만 아니라, 차량 사업자가 직면한 연료비 및 운영 비용의 상승에 대응하기 위한 것입니다. 자율주행 기술의 발전은 트럭 운송 산업을 변화시키는 힘으로 부상하고 있으며, 안전성 향상, 인건비 절감, 효율성 향상을 약속하고 있습니다. 또한 사물인터넷(IoT) 용도를 포함한 스마트 기술의 통합은 화물의 실시간 추적 및 모니터링을 가능하게 하고, 공급망 운영을 최적화하며, 전반적인 차량 관리를 강화합니다.
세계 트럭 시장에는 많은 기회가 있는 반면, 성장에 영향을 미칠 수 있는 문제에 직면해 있습니다. 주요 과제 중 하나는 원자재 가격의 상승으로 제조업체의 생산 비용 상승으로 이어질 수 있습니다. 업계는 숙련된 운전자의 부족으로 어려움을 겪고 있으며, 노동 인구의 고령화와 직업에 대한 신규 시장 진출기업의 부족으로 인해 더욱 악화되고 있습니다. 이러한 부족은 업무 효율성을 저해하고 증가하는 수요에 대응할 수 있는 물류업체의 능력을 제한할 수 있습니다. 규제 환경은 지속적으로 변화하고 있으며, 새로운 배출가스 및 안전 규정이 전 세계에서 시행되고 있으므로 기업은 규정 준수를 유지하기 위해 빠르게 적응해야 합니다. 성장 기회를 활용하면서 이러한 과제를 해결하는 것은 세계 시장 역학 시장의 이해관계자들이 경쟁과 역동성이 심화되는 업계의 복잡한 상황을 헤쳐나가는 데 있으며, 매우 중요합니다.
화물 운송 수요의 증가
기술의 진보
인프라 개발과 도시화
운전자 부족
운영 비용의 상승
연료 가격의 변동
지속가능성의 중시
대체연료의 채택
전동화로의 이동
Global Truck Market was valued at USD 853.01 Billion in 2024 and is expected to reach USD 1159.54 Billion by 2030 with a CAGR of 5.25% during the forecast period. The global truck market is poised for significant growth, driven by several key factors that reflect the changing dynamics of transportation and logistics. One of the primary growth drivers is the rising demand for freight transportation, fuelled by the expansion of e-commerce and the globalization of supply chains. As businesses increasingly rely on efficient logistics solutions to meet consumer demands, the need for robust trucking operations has intensified. Additionally, technological advancements, such as telematics, route optimization software, and electronic logging devices (ELDs), enhance operational efficiency and reduce costs, further supporting market growth. The shift toward electric and hybrid trucks is also gaining momentum, driven by stringent emissions regulations and a growing emphasis on sustainability within the transportation sector.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 853.01 Billion |
| Market Size 2030 | USD 1159.54 Billion |
| CAGR 2025-2030 | 5.25% |
| Fastest Growing Segment | Class 8 |
| Largest Market | North America |
Several trends are shaping the global truck market, notably the increasing focus on sustainability and environmental responsibility. Truck manufacturers are investing heavily in developing electric and alternative fuel vehicles to meet regulatory standards and consumer expectations. This trend is not only aimed at reducing carbon emissions but also at addressing the rising fuel costs and operational expenses faced by fleet operators. Advancements in autonomous driving technology are emerging as a transformative force in the trucking industry, promising to enhance safety, reduce labour costs, and improve efficiency. The integration of smart technologies, including Internet of Things (IoT) applications, is also enabling real-time tracking and monitoring of cargo, optimizing supply chain operations, and enhancing overall fleet management.
While the global truck market presents numerous opportunities, it also faces challenges that could impact growth. One significant challenge is the rising cost of raw materials, which can lead to increased production expenses for manufacturers. The industry is grappling with a shortage of skilled drivers, exacerbated by the aging workforce and a lack of new entrants into the profession. This shortage can hinder operational efficiency and limit the capacity of logistics providers to meet growing demand. The regulatory landscape is continuously evolving, with new emissions and safety regulations being implemented globally, requiring companies to adapt quickly to remain compliant. Addressing these challenges while capitalizing on growth opportunities will be crucial for stakeholders in the global truck market as they navigate the complexities of an increasingly competitive and dynamic industry.
Key Market Drivers
Increasing Demand for Freight Transportation
The surge in e-commerce and globalization has led to a significant rise in freight transportation needs. Businesses increasingly rely on trucks for last-mile delivery and efficient logistics solutions. This trend is driven by consumer expectations for rapid delivery, requiring extensive trucking networks. As industries grow and consumer preferences evolve, the demand for trucking services continues to escalate, creating a robust market for trucks. Additionally, as supply chains become more complex, the reliance on trucks for timely and efficient transport increases, reinforcing their critical role in the logistics sector.
Technological Advancements
Innovations in technology are transforming the truck market, enhancing operational efficiency and safety. Advanced telematics systems enable real-time tracking and monitoring of vehicles, improving route optimization and reducing fuel consumption. Electronic logging devices (ELDs) promote compliance with regulations and enhance driver safety. The development of autonomous and semi-autonomous trucks is set to revolutionize the industry by reducing labor costs and improving efficiency. These advancements not only boost productivity but also make trucking operations more competitive in meeting the rising demand for transportation services. For Instance, In May 2024, Volvo Group and Daimler Truck announced a joint venture to develop a common software-defined vehicle platform for heavy-duty trucks. This collaboration aimed to enhance digital features and drive CO2-neutral technologies. Operating as a 50/50 partnership, they will remain competitors in other sectors.
Infrastructure Development and Urbanization
The ongoing urbanization, particularly in emerging economies, is generating a greater need for trucks. As cities expand, the demand for construction materials, goods distribution, and services increases. Trucks are critical in supporting infrastructure projects like road construction, real estate development, and urban expansion. In addition, as road networks are modernized and expanded, trucking companies are able to access new markets, making infrastructure development a driving force for the truck market. Urban areas, which require frequent and smaller-scale deliveries, increase the demand for light-duty and medium-duty trucks, while larger infrastructure projects rely on heavy-duty trucks for transportation of bulk materials. For instance, global capital project and infrastructure spending is set to exceed $9 trillion by 2025, a significant rise from $4 trillion in 2012, with annual growth rates expected to rebound to 6% in 2014 and 7.5% by 2016. This growth, however, may ease slightly as the decade progresses, but is projected to remain above 6.5% annually in the medium term, though subject to global disruptions. Developing economies, particularly China and Asia, now account for nearly half of global infrastructure spending, a rise of more than 10% since 2006, while Western Europe's share has shrunk from 20% to just 12%, expected to fall below 10% by 2025.
Key Market Challenges
Driver Shortage
The trucking industry is facing a critical shortage of qualified drivers, which poses a significant challenge to market growth. Factors contributing to this shortage include an aging workforce, low recruitment rates among younger generations, and high turnover rates in the profession. The lack of skilled drivers limits the capacity of trucking companies to meet increasing freight demand, leading to potential delays and operational inefficiencies. To address this challenge, the industry must invest in driver training programs, improve working conditions, and enhance compensation packages to attract and retain talent, ensuring a sustainable workforce for the future.
Rising Operational Costs
Fluctuating fuel prices, increasing maintenance costs, and the expense of compliance with evolving regulations contribute to rising operational costs in the trucking industry. These escalating expenses can strain profit margins for trucking companies, particularly small and mid-sized operators. Additionally, the need to invest in advanced technologies and environmentally friendly vehicles further adds to financial pressures. Companies must adopt cost-effective strategies, such as optimizing routes and implementing fuel-efficient practices, to mitigate these challenges and maintain competitiveness in a market characterized by tight margins.
Fuel Price Volatility
Fuel is a major operational cost for truck operators, particularly in the heavy-duty sector. The volatility of global fuel prices poses a significant challenge to the trucking industry, as fuel price increases directly affect operating costs. Trucks, especially long-haul ones, rely heavily on diesel fuel, and any substantial price hike impacts profit margins. Truck operators, especially small and mid-sized businesses, face difficulties in adjusting their pricing structures or absorbing the increased costs, making them vulnerable to market fluctuations. As a result, fuel price instability can disrupt supply chains and affect the pricing of goods and services across the economy.
Key Market Trends
Focus on Sustainability
There is a growing emphasis on sustainability within the trucking industry, driven by regulatory pressures and consumer preferences. Truck manufacturers are increasingly developing electric and hybrid vehicles to reduce carbon emissions and comply with stringent regulations. This shift is not only about meeting regulatory requirements but also about enhancing brand reputation and attracting environmentally conscious customers. Companies are adopting sustainable practices throughout their operations, from fuel-efficient driving techniques to eco-friendly logistics solutions. This trend is reshaping the market, as sustainability becomes a critical differentiator in the competitive landscape.
Adoption of Alternative Fuels
As the world moves toward reducing reliance on fossil fuels, the adoption of alternative fuels is becoming a significant trend in the trucking market. Biofuels, hydrogen, and compressed natural gas (CNG) are gaining traction as viable options for powering trucks. These fuels offer lower emissions and can help trucking companies reduce their environmental impact while potentially lowering fuel costs. The infrastructure for alternative fuel vehicles is also expanding, making it easier for fleets to transition away from traditional diesel engines. This trend reflects the industry's commitment to sustainability and reducing its carbon footprint. For Instance, In September 2024, the Indian government urged truck manufacturers to replace diesel with gas-based fuels, aiming to increase CNG stations from 6,000 to 20,000 by 2030. The initiative encourages the adoption of alternative fuels in vehicles. Ashok Leyland also successfully introduced methanol-blended diesel, allowing its trucks to operate with up to 15% methanol.
Shift Towards Electrification
The shift towards electric trucks is a key trend reshaping the global truck market. As concerns about climate change intensify, governments are offering incentives to reduce carbon emissions, pushing fleet operators to consider cleaner alternatives to traditional diesel-powered trucks. Electric trucks are particularly well-suited for urban and regional delivery routes, where the advantages of reduced emissions and lower operating costs are most apparent. The market for electric trucks is expected to grow as battery technology improves, costs decrease, and infrastructure such as charging stations expands. This trend is not only driven by environmental concerns but also by the need for operational efficiency and cost savings in the long term.
Segmental Insights
End User Industry Insights
In 2024, the Logistics and Transportation sector dominated the global truck market, driven by the continued growth of global trade and e-commerce. As the demand for goods transportation increased, particularly for long-haul and last-mile deliveries, trucking played a critical role in maintaining efficient supply chains. Logistics and transportation companies relied heavily on trucks to move products across regions, especially with rising consumer expectations for faster and more reliable delivery times. The demand for trucks, particularly medium and heavy-duty models, continued to grow due to the increased reliance on just-in-time inventory systems.
The Agriculture sector also contributed significantly to the truck market, particularly in regions where agriculture was a primary industry. Trucks were essential for transporting crops, livestock, and other agricultural products from farms to markets, processing centers, or storage facilities. The demand for trucks in agriculture was driven by the need for reliable and efficient transportation for perishable goods, as well as the expansion of agricultural activities in developing regions. Trucks used in the agricultural sector often included refrigerated vehicles, critical for maintaining the quality of fresh produce during transport. As global food demand increased, the importance of trucks in agricultural supply chains remained high.
The Mining and Construction sectors were major contributors to the truck market, especially for the transportation of raw materials, mining equipment, and construction supplies. Trucks in these sectors were often specialized for heavy-duty tasks, such as hauling large quantities of materials like sand, gravel, and coal, as well as transporting construction machinery. The demand for trucks in mining and construction was driven by infrastructure development and the continued expansion of mining activities, particularly in emerging economies where industrial growth was booming.
The Others category, which included sectors such as municipal services, emergency response, and waste management, also relied on trucks. However, this sector held a smaller share of the market compared to logistics and transportation, agriculture, and mining and construction. Despite its smaller share, trucks in these sectors were essential for supporting urban environments and maintaining public services.
Regional Insights
North America dominated market in the global truck sector, primarily due to its robust logistics infrastructure, high demand for freight transport, and a well-established trucking culture. The United States, in particular, plays a crucial role, accounting for a significant portion of the market share. The extensive highway network in North America facilitates efficient transportation, enabling trucks to serve vast geographic areas effectively. This infrastructure is complemented by major logistics hubs and distribution centers that support the flow of goods across the continent.
The growth of e-commerce has further intensified the demand for trucking services in North America. As consumers increasingly expect quick and reliable delivery options, businesses are expanding their logistics operations, relying heavily on trucks for last-mile delivery. This trend has resulted in a surge in demand for various truck classes, particularly heavy-duty Class 8 trucks, which are essential for long-haul transportation.
Technological advancements also contribute to North America's dominance in the truck market. The adoption of telematics, route optimization software, and advanced safety features enhances the efficiency of trucking operations, reducing costs and improving service quality. Additionally, the push towards electrification and alternative fuels is gaining traction, with manufacturers investing in electric heavy-duty trucks to meet regulatory standards and consumer preferences for environmentally friendly transportation options.
North America's favorable regulatory environment, including incentives for electric vehicle adoption and investments in infrastructure, supports the growth of the trucking industry. The region's strong economy, characterized by a diverse range of industries such as manufacturing, agriculture, and retail, further fuels the demand for trucking services. As a result, North America remains the leading market in the global truck industry, continually adapting to the evolving needs of the logistics landscape.
In this report, the Global Truck market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Truck Market.
Global Truck Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: