Global Heavy-Duty Truck
Market Report
2025
heavy-duty truck market size reached USD 209,987.8 million in 2022 and will reach USD 328678.9 million by 2030, growing at a CAGR of 4.9% from 2022 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The global heavy-duty truck market size reached USD 209,987.8 million in 2022 and will reach USD 328678.9 million by 2030, growing at a CAGR of 4.9% from 2022 to 2030.
As per the current market study, out of 324.5 Billion USD global market revenue 2025, North America market holds 28.69% of the market share. The North America Heavy-Duty Truck industry grew from 79.967 Billion USD in 2021 to 93.099 Billion USD in 2025 and will record 85.89% growth. In coming future this industry will reach 121.972 Billion by 2033 with a 3.434% CAGR. If we look at the percentage market shares of top North America countries for 2025,United States (76.40%), Canada (11.93%), Mexico (11.67%)
As per the current market study, out of 324.5 Billion USD global market revenue 2025, Europe market holds 18.59% of the market share. The Europe Heavy-Duty Truck industry grew from 52.006 Billion USD in 2021 to 60.325 Billion USD in 2025 and will record 86.21% growth. In coming future this industry will reach 79.574 Billion by 2033 with a 3.522% CAGR. If we look at the percentage market shares of top Europe countries for 2025,United Kingdom (12.43%), Germany (19.33%), France (14.91%), Italy (9.21%), Russia (5.97%), Spain (4.44%), Sweden (3.67%), Denmark (3.01%), Switzerland (3.03%), Luxembourg (1.33%), Rest of Europe (22.67%)
As per the current market study, out of 324.5 Billion USD global market revenue 2025, Asia Pacific market holds 40.21% of the market share. The Asia Pacific Heavy-Duty Truck industry grew from 110.681 Billion USD in 2021 to 130.481 Billion USD in 2025 and will record 84.83% growth. In coming future this industry will reach 187.755 Billion by 2033 with a 4.654% CAGR. If we look at the percentage market shares of top Asia Pacific countries for 2025,China (29.20%), Japan (14.90%), India (13.15%), South Korea (11.10%), Australia (4.65%), Singapore (3.35%), South East Asia (9.65%), Taiwan (1.87%), Rest of APAC (12.13%)
As per the current market study, out of 324.5 Billion USD global market revenue 2025, South America market holds 6.81% of the market share. The South America Heavy-Duty Truck industry grew from 18.262 Billion USD in 2021 to 22.098 Billion USD in 2025 and will record 82.64% growth. In coming future this industry will reach 32.758 Billion by 2033 with a 5.043% CAGR. If we look at the percentage market shares of top South America countries for 2025,Brazil (38.55%), Argentina (11.25%), Colombia (9.14%), Peru (4.53%), Chile (2.32%), Rest of South America (34.21%)
As per the current market study, out of 324.5 Billion USD global market revenue 2025, Middle East market holds 3.59% of the market share. The Middle East Heavy-Duty Truck industry grew from 10.515 Billion USD in 2021 to 11.65 Billion USD in 2025 and will record 90.26% growth. In coming future this industry will reach 14.549 Billion by 2033 with a 2.817% CAGR. If we look at the percentage market shares of top Middle East countries for 2025,Saudi Arabia (36.61%), Turkey (11.22%), UAE (12.85%), Egypt (10.19%), Qatar (6.76%), Rest of Middle East (22.37%)
As per the current market study, out of 324.5 Billion USD global market revenue 2025, Africa market holds 2.11% of the market share. The Africa Heavy-Duty Truck industry grew from 5.271 Billion USD in 2021 to 6.847 Billion USD in 2025 and will record 76.98% growth. In coming future this industry will reach 9.685 Billion by 2033 with a 4.429% CAGR. If we look at the percentage market shares of top Africa countries for 2025,Nigeria (12.02%), South Africa (31.06%), Rest of Africa (56.92%)
2021 | 2025 | 2033 | CAGR | |
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Global Heavy-Duty Truck Market Sales Revenue | $ 276.702 Billion | $ 324.5 Billion | $ 446.292 Billion | 4.064% |
North America Heavy-Duty Truck Market Sales Revenue | $ 79.967 Billion | $ 93.099 Billion | $ 121.972 Billion | 3.434% |
United States Heavy-Duty Truck Market Sales Revenue | $ 64.03 Billion | $ 71.128 Billion | $ 91.747 Billion | 3.233% |
Canada Heavy-Duty Truck Market Sales Revenue | $ 9.492 Billion | $ 11.107 Billion | $ 16.051 Billion | 4.711% |
Mexico Heavy-Duty Truck Market Sales Revenue | $ 6.445 Billion | $ 10.865 Billion | $ 14.173 Billion | 3.379% |
Europe Heavy-Duty Truck Market Sales Revenue | $ 52.006 Billion | $ 60.325 Billion | $ 79.574 Billion | 3.522% |
United Kingdom Heavy-Duty Truck Market Sales Revenue | $ 7.005 Billion | $ 7.498 Billion | $ 9.445 Billion | 2.928% |
Germany Heavy-Duty Truck Market Sales Revenue | $ 10.074 Billion | $ 11.661 Billion | $ 14.546 Billion | 2.802% |
France Heavy-Duty Truck Market Sales Revenue | $ 7.733 Billion | $ 8.994 Billion | $ 12.7 Billion | 4.407% |
Italy Heavy-Duty Truck Market Sales Revenue | $ 4.769 Billion | $ 5.556 Billion | $ 8.164 Billion | 4.929% |
Russia Heavy-Duty Truck Market Sales Revenue | $ 3.313 Billion | $ 3.601 Billion | $ 4.114 Billion | 1.677% |
Spain Heavy-Duty Truck Market Sales Revenue | $ 2.491 Billion | $ 2.678 Billion | $ 3.796 Billion | 4.454% |
Sweden Heavy-Duty Truck Market Sales Revenue | $ 2.117 Billion | $ 2.214 Billion | $ 2.284 Billion | 0.389% |
Denmark Heavy-Duty Truck Market Sales Revenue | $ 1.68 Billion | $ 1.816 Billion | $ 2.029 Billion | 1.398% |
Switzerland Heavy-Duty Truck Market Sales Revenue | $ 1.784 Billion | $ 1.828 Billion | $ 2.347 Billion | 3.177% |
Luxembourg Heavy-Duty Truck Market Sales Revenue | $ 0.712 Billion | $ 0.801 Billion | $ 0.952 Billion | 2.197% |
Rest of Europe Heavy-Duty Truck Market Sales Revenue | $ 10.328 Billion | $ 13.677 Billion | $ 19.196 Billion | 4.328% |
Asia Pacific Heavy-Duty Truck Market Sales Revenue | $ 110.681 Billion | $ 130.481 Billion | $ 187.755 Billion | 4.654% |
China Heavy-Duty Truck Market Sales Revenue | $ 33.204 Billion | $ 38.101 Billion | $ 54.637 Billion | 4.609% |
Japan Heavy-Duty Truck Market Sales Revenue | $ 17.377 Billion | $ 19.442 Billion | $ 25.535 Billion | 3.466% |
India Heavy-Duty Truck Market Sales Revenue | $ 14.665 Billion | $ 17.158 Billion | $ 26.38 Billion | 5.523% |
South Korea Heavy-Duty Truck Market Sales Revenue | $ 11.843 Billion | $ 14.483 Billion | $ 21.78 Billion | 5.232% |
Australia Heavy-Duty Truck Market Sales Revenue | $ 5.921 Billion | $ 6.067 Billion | $ 6.665 Billion | 1.182% |
Singapore Heavy-Duty Truck Market Sales Revenue | $ 3.597 Billion | $ 4.371 Billion | $ 7.153 Billion | 6.351% |
South East Asia Heavy-Duty Truck Market Sales Revenue | $ 10.537 Billion | $ 12.591 Billion | $ 19.611 Billion | 5.695% |
Taiwan Heavy-Duty Truck Market Sales Revenue | $ 2.158 Billion | $ 2.44 Billion | $ 2.873 Billion | 2.061% |
Rest of APAC Heavy-Duty Truck Market Sales Revenue | $ 11.378 Billion | $ 15.827 Billion | $ 23.122 Billion | 4.852% |
South America Heavy-Duty Truck Market Sales Revenue | $ 18.262 Billion | $ 22.098 Billion | $ 32.758 Billion | 5.043% |
Brazil Heavy-Duty Truck Market Sales Revenue | $ 6.994 Billion | $ 8.519 Billion | $ 12.284 Billion | 4.682% |
Argentina Heavy-Duty Truck Market Sales Revenue | $ 2.1 Billion | $ 2.486 Billion | $ 3.538 Billion | 4.509% |
Colombia Heavy-Duty Truck Market Sales Revenue | $ 1.624 Billion | $ 2.02 Billion | $ 2.961 Billion | 4.899% |
Peru Heavy-Duty Truck Market Sales Revenue | $ 0.919 Billion | $ 1.001 Billion | $ 1.099 Billion | 1.174% |
Chile Heavy-Duty Truck Market Sales Revenue | $ 0.464 Billion | $ 0.513 Billion | $ 0.636 Billion | 2.721% |
Rest of South America Heavy-Duty Truck Market Sales Revenue | $ 6.162 Billion | $ 7.56 Billion | $ 12.24 Billion | 6.208% |
Middle East Heavy-Duty Truck Market Sales Revenue | $ 10.515 Billion | $ 11.65 Billion | $ 14.549 Billion | 2.817% |
Saudi Arabia Heavy-Duty Truck Market Sales Revenue | $ 3.802 Billion | $ 4.265 Billion | $ 5.436 Billion | 3.078% |
Turkey Heavy-Duty Truck Market Sales Revenue | $ 1.252 Billion | $ 1.307 Billion | $ 1.523 Billion | 1.932% |
UAE Heavy-Duty Truck Market Sales Revenue | $ 1.418 Billion | $ 1.497 Billion | $ 1.682 Billion | 1.467% |
Egypt Heavy-Duty Truck Market Sales Revenue | $ 1.045 Billion | $ 1.187 Billion | $ 1.453 Billion | 2.563% |
Qatar Heavy-Duty Truck Market Sales Revenue | $ 0.723 Billion | $ 0.788 Billion | $ 0.94 Billion | 2.235% |
Rest of Middle East Heavy-Duty Truck Market Sales Revenue | $ 2.273 Billion | $ 2.606 Billion | $ 3.515 Billion | 3.811% |
Africa Heavy-Duty Truck Market Sales Revenue | $ 5.271 Billion | $ 6.847 Billion | $ 9.685 Billion | 4.429% |
Nigeria Heavy-Duty Truck Market Sales Revenue | $ 0.616 Billion | $ 0.823 Billion | $ 1.229 Billion | 5.14% |
South Africa Heavy-Duty Truck Market Sales Revenue | $ 1.676 Billion | $ 2.127 Billion | $ 2.846 Billion | 3.71% |
Rest of Africa Heavy-Duty Truck Market Sales Revenue | $ 2.979 Billion | $ 3.897 Billion | $ 5.609 Billion | 4.657% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Class |
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Market Split by Application |
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Market Split by By Fuel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Heavy-Duty Truck Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A heavy-duty truck is categorized as a vehicle that has or exceeds a Gross Vehicle Weight Rating (GVWR) of more than 26,001 pounds. It includes polished stainless steel for brilliant finishes, aluminum for lightweight and corrosion resistance, steel for strength and durability, and molded plastics for intricate shapes. Heavy-duty trucks are frequently utilized in the commercial sector, particularly on construction sites to transport bulky building supplies or carry massive loads. These vehicles are built with strong transmissions and powerful engines.
An increase in demand for goods along with an increase in construction and development of infrastructure is a major factor driving the demand for the heavy-duty trucks market. Governments in both developed and developing countries around the world are making large investments in improving and updating their road network infrastructure, which depends on heavy trucks to transport the bulk of the world's largest goods. Furthermore, increasing urbanization in developing and developed economies coupled with rising consumer preference towards utilizing vehicles with innovative technology will create growth opportunities for the market.
However, a lack of technological expertise in developing and underdeveloped economies will pose a major challenge to the market growth rate. High costs involved with technological innovations and research and development proficiencies, poor infrastructural facilities in underdeveloped economies, and manufacturing challenges faced by original equipment manufacturers organizations will hamper the market growth rate.,
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Volvo Trucks launched Volvo VNR electric truck with a longer range.
In January 2022, Volvo Trucks introduced the longer-range Volvo VNR electric truck. The operating range of the Volvo VNR Electric was up to 240 kilometers (150 miles). With an expanded operating range of up to 440 km (275 miles) and higher energy storage of up to 565 kWh, the business introduced an improved version of the class 8* electric truck. A new six-battery package option and enhanced battery architecture, among other things, are responsible for the increased performance.
Top Companies Market Share in Heavy-Duty Truck Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
North America region is forecasted to dominate the global heavy-duty truck market with the highest growth rate. This is attributed to the rising research and development activities to increase the product lines and growth of the automotive sector. Furthermore, Asia Pacific is forecasted to dominate the target market in terms of revenue share. This is attributed to the increasing demand for commercial vehicles, and the growing number of end-user industry verticals such as rising buildings, automotive, heavy machinery, and construction activities in countries like India, Japan, and China
The current report Scope analyzes Heavy-Duty Truck Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Heavy-Duty Truck Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Heavy-Duty Truck Industry growth. Heavy-Duty Truck market has been segmented with the help of its Class, Application By Fuel, and others. Heavy-Duty Truck market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on Class, the market is segmented into Class 5, Class 6, Class 7, and Class 8. Class 8 segment dominates the growth of the global market, due to class 8 heavy-duty trucks having a great load-carrying capacity, and its ability to drive long distances will increase demand for the target market
By Class
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Based on Application, the market is segmented into agriculture, logistics, construction, and mining. The construction segment dominates the global market This is attributed to an increase in infrastructure development and construction dominates the global heavy-duty trucks market.
By Application
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Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Heavy-Duty Truck Market is witnessing significant growth in the near future.
In 2023, the Class 5 segment accounted for noticeable share of global Heavy-Duty Truck Market and is projected to experience significant growth in the near future.
The Agriculture segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies IVECO, MAN and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Class | Class 5, Class 6, Class 7, Class 8 |
Application | Agriculture, Logistics, Construction, Mining |
By Fuel | DieselNatural Gas, Hybrid Electric Vehicle, Gasoline |
List of Competitors | IVECO, KANAZ, MAN, Navistar International, Paccar, Scania, Tata Motors, Volvo Trucks, Isuzu, Daimler Trucks, Hino Motors, Chinese Manufacturers, Ashok Leyland |
This chapter will help you gain GLOBAL Market Analysis of Heavy-Duty Truck. Further deep in this chapter, you will be able to review Global Heavy-Duty Truck Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Heavy-Duty Truck. Further deep in this chapter, you will be able to review North America Heavy-Duty Truck Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Heavy-Duty Truck. Further deep in this chapter, you will be able to review Europe Heavy-Duty Truck Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Heavy-Duty Truck. Further deep in this chapter, you will be able to review Asia Pacific Heavy-Duty Truck Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Heavy-Duty Truck. Further deep in this chapter, you will be able to review South America Heavy-Duty Truck Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Heavy-Duty Truck. Further deep in this chapter, you will be able to review Middle East Heavy-Duty Truck Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Heavy-Duty Truck. Further deep in this chapter, you will be able to review Middle East Heavy-Duty Truck Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Heavy-Duty Truck. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Class Analysis 2019 -2031, will provide market size split by Class. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Class Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by By Fuel Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Heavy-Duty Truck market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Class 5 have a significant impact on Heavy-Duty Truck market? |
What are the key factors affecting the Class 5 and Class 6 of Heavy-Duty Truck Market? |
What is the CAGR/Growth Rate of Agriculture during the forecast period? |
By type, which segment accounted for largest share of the global Heavy-Duty Truck Market? |
Which region is expected to dominate the global Heavy-Duty Truck Market within the forecast period? |
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