Rising demand for powerful vehicles with increased weight-carrying capacity and robust suspension systems is expected to drive the Heavy Duty Trucks Market

Market Research Future (MRFR) has published a cooked research report on the “Global Heavy Duty Trucks Market” that contains information from 2018 to 2032. The heavy duty trucks market is estimated to register a CAGR of 5.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global heavy duty trucks market - AB Volvo (Sweden), Daimler AG (Germany), PACCAR Inc. (U.S.), Tata Motors Limited (India), Traton Group (Volkswagen) (Germany), Eicher Motors (India), Dongfeng Motor Group (China) , MAN.SE (Germany), Scania AB (Sweden) and Navistar International Corporation (U.S.).

Market Highlights

The global heavy duty trucks market is accounted to register a CAGR of 5.50% during the forecast period and is estimated to reach USD 334.828 billion by 2032.

High payload capacity, increased credit and finance choices, and improved road infrastructure all contribute to the market expansion of heavy duty trucks. However, factors that are anticipated to restrain market expansion include rising fuel prices, expensive truck maintenance costs, and rising carbon emissions from the use of diesel fuel. Additionally, the need for transportation options in rural and semi-urban areas is growing, and heavy-duty truck technological advancements present several potential for the market's leading competitors.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of global heavy duty trucks market report

Segment Analysis

The global heavy duty trucks market has been segmented into Weight Limit, Truck Class, Application, and Fuel Type.

On the basis of weight limit, the market is segmented into 8000-11000 Kg, 11000-15000 Kg and 15000 Kg & Above. The 11000-15000 Kg segment was attributed to holding the largest market share in 2022. Numerous professional applications, including construction, delivery, and agriculture, as well as local or short-distance transit, regularly make use of these vehicles. Numerous models and features could be available in this category, depending on the manufacturer and the location.

Based on truck class, the global heavy duty trucks market has been segmented into Class-6, Class-7 and Class-8. The class-8 segment was expected to hold the largest market share in 2022. Due to its high capacity for hauling loads and ability to travel long distances, class 8 heavy-duty trucks will see an increase in demand. The demand for better driver comfort and leisure elements on overnight trips is driving the development of class 8 heavy-duty vehicles.

Based on application, the global market has been segmented into Construction & Mining, Freight & Logistics and Others. The freight & logistics segment was expected to hold the largest market share in 2022 because robust and efficient networks for logistics and transportation are necessary. The market is growing as a result of increased trade and globalization.

On the basis of fuel cell, the market is segmented into Diesel, Natural Gas, Gasoline, Hybrid, Electric and Fuel Cell. The electric segment was attributed to holding the largest market share in 2022 because of changing consumer preferences, the expansion of the charging infrastructure, the availability of rapid charging stations, and other benefits that electric trucks have over trucks with internal combustion engines.

Regional Analysis

The global heavy duty trucks market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe heavy duty trucks market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The heavy duty trucks market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World heavy duty trucks market comprises of Middle East, Africa, and Latin America.

The largest market share for heavy duty trucks was maintained by the North American regional sector. Due to the presence of powerful players, the utilization of these heavy-duty vehicles has increased in the area. Additionally, the rise in product sales is anticipated to have a favorable impact on the trajectory of the local market, as is the simple accessibility of labor and low-cost raw materials.

Moreover, the Europe market has been persistently growing over the forecast period. The market's expansion is dependent on a number of variables, including the rising demand for HD vehicles in Eastern Europe, the rising demand from truck rental companies, and strict emission regulations for HD trucks.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period because more respectable regional players are present and product sales have increased. The simple availability of labor at low rates and access to an abundance of low-cost raw materials will guide the construction and automobile sectors, leading to a significant product penetration in Asia Pacific.

Furthermore, the rest of the world's heavy duty trucks market is divided into the Middle East, Africa, and Latin America. A significant increase in the rest of the world's economy is anticipated in the upcoming years as a result of expanding prospects in mature markets. Additionally, the region's technological development is projected to support the expansion of the regional market.

Key Findings of the Study

• The global heavy duty trucks market is expected to reach USD 334.828 billion by 2032, at a CAGR of 5.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because there are more reputable regional players there, and because sales of the products have increased.


• Based on application, the freight & logistics segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• AB Volvo (Sweden), Daimler AG (Germany), PACCAR Inc. (U.S.), Tata Motors Limited (India), Traton Group (Volkswagen) (Germany), Eicher Motors (India), Dongfeng Motor Group (China) , MAN.SE (Germany), Scania AB (Sweden) and Navistar International Corporation (U.S.).