Europe Medium and Heavy-duty Commercial Vehicles Market Size

The Europe Medium and Heavy-duty Commercial Vehicles Market is anticipated to experience significant growth, driven by increasing logistics and construction activities that boost the demand for material transportation. Despite challenges such as limited charging and refueling infrastructure for alternative fuels, the market is set to expand, supported by the shift towards electric vehicles and the alignment with climate goals. The impact of COVID-19 on production and the subsequent recovery efforts further underscore the market's resilience and potential for expansion in the coming years.

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Market Size of europe medium and heavy-duty commercial vehicles Industry

Europe Medium and Heavy-duty Commercial Vehicles Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 38.97 Billion
svg icon Market Size (2030) USD 52.86 Billion
svg icon Largest Share by Vehicle Body Type Heavy-duty Commercial Trucks
svg icon CAGR (2024 - 2030) 5.21 %
svg icon Largest Share by Country Russia

Major Players

Europe Medium and Heavy-duty Commercial Vehicles Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Europe Medium and Heavy-duty Commercial Vehicles Market Analysis

The Europe Medium and Heavy-duty Commercial Vehicles Market size is estimated at 38.97 billion USD in 2024, and is expected to reach 52.86 billion USD by 2030, growing at a CAGR of 5.21% during the forecast period (2024-2030).

38.97 Billion

Market Size in 2024 (USD)

52.86 Billion

Market Size in 2030 (USD)

2.19 %

CAGR (2017-2023)

5.21 %

CAGR (2024-2030)

Largest Segment by Fuel Category

91.47 %

value share, Diesel, 2023

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Diesel leads due to its efficiency for long-haul transportation and established infrastructure supporting diesel engines, making it a preferred choice for medium and heavy-duty commercial operations.

Fastest-growing Segment by Vehicle Body Type

8.34 %

Projected CAGR, Medium-duty Commercial Trucks, 2024-2030

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Heavy-duty Commercial Trucks are the fastest-growing due to increasing investments in electric vehicle technology, the need for sustainable logistics solutions, and supportive government policies.

Largest Segment by Vehicle Body Type

88.83 %

value share, Heavy-duty Commercial Trucks, 2023

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Heavy-duty Commercial Trucks dominate due to their crucial role in logistics, transportation of goods over long distances, and industrial growth driving the need for robust commercial vehicles.

Fastest-growing Segment by Fuel Category

35.63 %

Projected CAGR, BEV, 2024-2030

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BEVs are rapidly growing due to advancements in battery technology, increasing government incentives, and expanding charging infrastructure, making them attractive for commercial use.

Leading Market Player

22 %

market share, Daimler AG (Mercedes-Benz AG), 2023

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Daimler is the leading player in the Medium and Heavy-duty Commercial Vehicles Market in Europe with a strong product portfolio driving company growth across European countries.

Due to the strategic importance of medium and heavy-duty vehicles in Europe's commercial transport landscape, businesses are focusing on efficiency and regulatory compliance

  • Transport plays a pivotal role in bolstering Europe's economy, fostering growth, and enhancing its competitiveness. The commercial vehicle sector is actively aligning with the climate goals outlined in the Paris Agreement. While the adoption of alternative fuels and powertrains is gaining traction, the availability of charging and refueling infrastructure for commercial vehicles remains limited. With over 6.3 million vehicles plying the roads of the EU, they account for a staggering 76.7% of all land-based freight, moving a colossal 15 billion tonnes annually.
  • Europe bore the brunt of the COVID-19 impact, witnessing a production loss of approximately 50,000 units in March and April. This was primarily due to stringent factory closures, workplace regulations, supply chain disruptions, and stay-at-home orders. By the close of 2020, commercial vehicle manufacturing in Europe had plummeted by nearly 20% compared to the preceding year. Notably, countries like Poland in Central Europe and Italy in the West, pivotal hubs for the continent's trucking industry, are projected to witness the sharpest demand decline.
  • The growth in logistics and construction activities has spurred the demand for material transportation, leading to a surge in commercial vehicle sales across Europe. This trend is expected to further bolster the business vehicle market in the near future. The market is poised for growth, driven by the uptick in construction and e-commerce operations. Additionally, the shift toward electric vehicles holds promising prospects for market expansion in the coming years.
Europe Medium and Heavy-duty Commercial Vehicles Market

Europe Medium and Heavy-duty Commercial Vehicles Industry Segmentation

Commercial Vehicles are covered as segments by Vehicle Type. Hybrid and Electric Vehicles, ICE are covered as segments by Propulsion Type. Austria, Belgium, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, Norway, Poland, Russia, Spain, Sweden, UK, Rest-of-Europe are covered as segments by Country.

  • Transport plays a pivotal role in bolstering Europe's economy, fostering growth, and enhancing its competitiveness. The commercial vehicle sector is actively aligning with the climate goals outlined in the Paris Agreement. While the adoption of alternative fuels and powertrains is gaining traction, the availability of charging and refueling infrastructure for commercial vehicles remains limited. With over 6.3 million vehicles plying the roads of the EU, they account for a staggering 76.7% of all land-based freight, moving a colossal 15 billion tonnes annually.
  • Europe bore the brunt of the COVID-19 impact, witnessing a production loss of approximately 50,000 units in March and April. This was primarily due to stringent factory closures, workplace regulations, supply chain disruptions, and stay-at-home orders. By the close of 2020, commercial vehicle manufacturing in Europe had plummeted by nearly 20% compared to the preceding year. Notably, countries like Poland in Central Europe and Italy in the West, pivotal hubs for the continent's trucking industry, are projected to witness the sharpest demand decline.
  • The growth in logistics and construction activities has spurred the demand for material transportation, leading to a surge in commercial vehicle sales across Europe. This trend is expected to further bolster the business vehicle market in the near future. The market is poised for growth, driven by the uptick in construction and e-commerce operations. Additionally, the shift toward electric vehicles holds promising prospects for market expansion in the coming years.
Vehicle Type
Commercial Vehicles
Propulsion Type
Hybrid and Electric Vehicles
By Fuel Category
BEV
FCEV
HEV
PHEV
ICE
By Fuel Category
CNG
Diesel
Gasoline
LPG
Country
Austria
Belgium
Czech Republic
Denmark
Estonia
France
Germany
Ireland
Italy
Norway
Poland
Russia
Spain
Sweden
UK
Rest-of-Europe
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Europe Medium and Heavy-duty Commercial Vehicles Market Size Summary

The Europe Medium and Heavy-duty Commercial Vehicles Market is experiencing a transformative phase, driven by the region's commitment to economic growth and environmental sustainability. The sector is increasingly aligning with the climate objectives set forth in the Paris Agreement, with a notable shift towards alternative fuels and powertrains. Despite the challenges posed by limited infrastructure for charging and refueling, the market is witnessing a robust demand fueled by the expansion of logistics and construction activities. The COVID-19 pandemic had a significant impact on production, with substantial losses reported due to factory closures and supply chain disruptions. However, the market is on a recovery path, with a focus on enhancing the efficiency and sustainability of commercial vehicles.

The market is poised for growth, supported by the rising adoption of electric vehicles and the increasing demand for environmentally friendly transportation solutions. European countries are seeing a surge in electric vehicle sales, driven by government incentives and stringent environmental regulations. The shift towards electrification is expected to accelerate, with governments setting ambitious targets for zero-emission vehicles. This trend is further bolstered by the efforts of major industry players, such as Daimler AG, Man Truck & Bus, PACCAR Inc., Scania AB, and Volvo Group, who dominate the market. As the region continues to prioritize decarbonization, the Europe Medium and Heavy-duty Commercial Vehicles Market is set to expand, with electric commercial vehicles playing a pivotal role in its future growth.

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Europe Medium and Heavy-duty Commercial Vehicles Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Vehicle Type

      1. 1.1.1 Commercial Vehicles

    2. 1.2 Propulsion Type

      1. 1.2.1 Hybrid and Electric Vehicles

        1. 1.2.1.1 By Fuel Category

          1. 1.2.1.1.1 BEV

          2. 1.2.1.1.2 FCEV

          3. 1.2.1.1.3 HEV

          4. 1.2.1.1.4 PHEV

      2. 1.2.2 ICE

        1. 1.2.2.1 By Fuel Category

          1. 1.2.2.1.1 CNG

          2. 1.2.2.1.2 Diesel

          3. 1.2.2.1.3 Gasoline

          4. 1.2.2.1.4 LPG

    3. 1.3 Country

      1. 1.3.1 Austria

      2. 1.3.2 Belgium

      3. 1.3.3 Czech Republic

      4. 1.3.4 Denmark

      5. 1.3.5 Estonia

      6. 1.3.6 France

      7. 1.3.7 Germany

      8. 1.3.8 Ireland

      9. 1.3.9 Italy

      10. 1.3.10 Norway

      11. 1.3.11 Poland

      12. 1.3.12 Russia

      13. 1.3.13 Spain

      14. 1.3.14 Sweden

      15. 1.3.15 UK

      16. 1.3.16 Rest-of-Europe

Europe Medium and Heavy-duty Commercial Vehicles Market Size FAQs

The Europe Medium and Heavy-duty Commercial Vehicles Market size is expected to reach USD 38.97 billion in 2024 and grow at a CAGR of 5.21% to reach USD 52.86 billion by 2030.

In 2024, the Europe Medium and Heavy-duty Commercial Vehicles Market size is expected to reach USD 38.97 billion.

Europe Medium and Heavy-duty Commercial Vehicles Market Report Snapshots

Europe Medium and Heavy-duty Commercial Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030