What is the current Heavy Duty Trucks Market size?

The Heavy Duty Trucks Market is projected to register a CAGR of 7.40% during the forecast period (2024-2029) Read More

Who are the key players in Heavy Duty Trucks Market?

AB Volvo, Daimler AG, PACCAR Inc., Tata Motors Limited and Traton Group are the major companies operating in the Heavy Duty Trucks Market. Read More

Which is the fastest growing region in Heavy Duty Trucks Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Heavy Duty Trucks Market?

In 2024, the Europe accounts for the largest market share in Heavy Duty Trucks Market. Read More

What years does this Heavy Duty Trucks Market cover?

The report covers the Heavy Duty Trucks Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Heavy Duty Trucks Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What fuels Heavy Duty Trucks Market growth?

Rising demand for goods transportation, stricter emission regulations, and autonomous truck advancements are fueling the Heavy-Duty Truck market growth. Read More

Heavy Duty Trucks Market Research and Sales Data: In-depth Analysis, Forecasts, Share Statistics

Heavy Duty Trucks Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

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.

Heavy Duty Trucks Industry Overview

The market is neither fragmented nor consolidated. The heavy-duty truck market accommodates major regional players and new players, providing equal opportunities. Manufacturers of heavy-duty trucks are engaged in developing effective supplier relations to ensure the timely delivery of high-quality products to meet the growing consumer demand.

January 2022: Ford Motor Company began the production of an all-electric van, an e-Transit, which has an all-electric powertrain and claims zero tailpipe emissions.
September 2021: Tata Motors announced its plans to invest over USD 1 billion, or an amount exceeding INR 7,500 crore, over the next 4-5 years to recreate its roadmap for the commercial vehicle business, a major part of which comprises electric vehicles, especially buses.

Some of the major players dominating the market include Volvo Trucks, Daimler Trucks, Isuzu Motors Ltd, PACCAR Inc., Tata Motors, and FAW Group Corp.