Please Wait.....
Report
Heavy Duty Trucks Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
Market Reprt I 2024-12-19 I 175 Pages I Global Market Insights
The Global Heavy Duty Trucks Market was valued at USD 311.4 billion in 2024 and is expected to grow at a CAGR of 4.2% from 2025 to 2034. This growth is largely attributed to the increasing global need for efficient goods transportation, driven by thriving commerce and expanding trade activities. Cross-border trade has gained momentum, necessitating advanced heavy-duty vehicles capable of handling substantial cargo volumes over long distances. Collaborative efforts among regions to streamline trade logistics and improve infrastructure are bolstering the adoption of heavy-duty trucks, particularly Class 8 vehicles.
Technological innovations are reshaping the market landscape, enhancing vehicle performance, safety, and operational efficiency. Advanced features like autonomous driving, telematics, and connectivity solutions are increasingly being integrated into heavy-duty trucks, making them more appealing to fleet operators. These technologies optimize fleet management, improve driver safety, and reduce operating costs, fostering demand for modernized truck models. With fleet operators prioritizing performance and cost efficiency, the adoption of technologically advanced heavy-duty trucks is on the rise globally.
The market is segmented by vehicle class, with Class 8 trucks dominating the sector, accounting for over 80% of the market share in 2024. Known for their robust design and high gross vehicle weight rating (GVWR) exceeding 33,000 pounds, Class 8 trucks are indispensable for industries like logistics, construction, and agriculture. Their ability to transport heavy loads efficiently over long distances has solidified their position in global supply chains. Additionally, the incorporation of cutting-edge features such as fuel-efficient engines and smart systems makes them a preferred choice for fleet operators.
Fuel type segmentation reveals the dominance of diesel-powered trucks, which held over 75% of the market share in 2024. Diesel trucks are renowned for their unmatched power, reliability, and extensive range, making them essential for long-haul transportation and heavy-duty applications. Their continued prominence is supported by a well-established refueling infrastructure, ensuring seamless operations. Despite the gradual shift toward alternative fuels, diesel trucks remain a cornerstone of heavy-duty transportation due to their proven performance and versatility.
Asia Pacific leads the heavy-duty trucks market, contributing 60% of the revenue share in 2023. Rapid industrialization and urbanization across countries like China and India have heightened the demand for efficient transportation solutions. The booming e-commerce sector and expanding logistics networks further amplify the need for heavy-duty trucks. Additionally, government-led infrastructure initiatives and economic development strategies continue to propel market growth in the region. As Asia Pacific strengthens its position as a global economic hub, the heavy-duty trucks market is expected to maintain strong momentum.
Report Content
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates & calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market scope & definition
Chapter 2 Executive Summary
2.1 Industry 360 synopsis, 2021 - 2034
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material suppliers
3.2.2 Component suppliers
3.2.3 Manufacturers
3.2.4 Technology providers
3.2.5 Distributors
3.2.6 End Use
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Regulatory landscape
3.7 Pricing analysis
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Escalating demand for autonomous driving technologies
3.8.1.2 Increasing long-haul freight activities bolstering heavy duty truck utilization
3.8.1.3 Introduction of advanced emission control systems due to strict regulations
3.8.1.4 Expansion of logistic networks and e-commerce globally
3.8.1.5 Technological advancements in trucking efficiency and safety features
3.8.2 Industry pitfalls & challenges
3.8.2.1 High cost of advanced technology integration
3.8.2.2 Economic slowdown affecting freight demand
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Class, 2021 - 2034 ($Bn, Unit)
5.1 Key trends
5.2 Class 7
5.2.1 Axle type
5.2.1.1 4X2
5.2.1.2 6X2
5.2.1.3 6X4
5.3 Class 8
5.3.1 Axle type
5.3.1.1 4X2
5.3.1.2 6X2
5.3.1.3 6X4
5.3.2 Cab type
5.3.2.1 Day cab
5.3.2.2 Sleeper cab
Chapter 6 Market Estimates & Forecast, By Fuel, 2021 - 2034 ($Bn, Unit)
6.1 Key trends
6.2 Diesel
6.3 Natural gas
6.4 Hybrid electric
6.5 Gasoline
Chapter 7 Market Estimates & Forecast, By Horsepower, 2021 - 2034 ($Bn, Unit)
7.1 Key trends
7.2 Below 300HP
7.3 300HP-400HP
7.4 400HP-500HP
7.5 Above 500HP
Chapter 8 Market Estimates & Forecast, By Application, 2021 - 2034 ($Bn, Unit)
8.1 Key trends
8.2 Freight delivery
8.3 Utility services
8.4 Construction & mining
8.5 Others
Chapter 9 Market Estimates & Forecast, By Ownership, 2021 - 2034 ($Bn, Unit)
9.1 Key trends
9.2 Fleet operator
9.3 Independent operator
Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2034 ($Bn, Unit)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Russia
10.3.6 Belgium
10.3.7 Sweden
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 Australia
10.4.5 South Korea
10.4.6 Southeast Asia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.6 MEA
10.6.1 UAE
10.6.2 South Africa
10.6.3 Saudi Arabia
Chapter 11 Company Profiles
11.1 BYD Auto
11.2 Daimler Trucks
11.3 Dongfeng
11.4 Freightliner
11.5 Hino Motors
11.6 Isuzu Motors
11.7 Kenworth
11.8 MAN
11.9 Navistar
11.10 PACCAR Inc
11.11 Peterbilt
11.12 SCANIA
11.13 SINOTRUK
11.14 TRATON GROUP
11.15 Volvo
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security