List of Contents

Heavy Duty Trucks Market Size, Share, and Trends 2024 to 2034

The global heavy duty trucks market size accounted for USD 212.67 billion in 2024, grew to USD 230.11 billion in 2025, and is projected to surpass around USD 467.71 billion by 2034, representing a healthy CAGR of 8.2% between 2024 and 2034. The North America heavy duty trucks market size is calculated at USD 80.81 billion in 2024 and is expected to grow at the fastest CAGR of 8.25% during the forecast year.

  • Last Updated : October 2024
  • Report Code : 3540
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Heavy Duty Trucks Market 

5.1. COVID-19 Landscape: Heavy Duty Trucks Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Heavy Duty Trucks Market, By Tonnage Type

8.1. Heavy Duty Trucks Market Revenue and Volume Forecast, by Tonnage Type, 2024-2034

8.1.1. 10 to 15 tons

8.1.1.1. Market Revenue and Volume Forecast (2021-2034)

8.1.2. more than 15 tons

8.1.2.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 9. Global Heavy Duty Trucks Market, By Class

9.1. Heavy Duty Trucks Market Revenue and Volume Forecast, by Class, 2024-2034

9.1.1. Class 5

9.1.1.1. Market Revenue and Volume Forecast (2021-2034)

9.1.2. Class 6

9.1.2.1. Market Revenue and Volume Forecast (2021-2034)

9.1.3. Class 7

9.1.3.1. Market Revenue and Volume Forecast (2021-2034)

9.1.4. Class 8

9.1.4.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 10. Global Heavy Duty Trucks Market, By Fuel Type 

10.1. Heavy Duty Trucks Market Revenue and Volume Forecast, by Fuel Type, 2024-2034

10.1.1. Gasoline

10.1.1.1. Market Revenue and Volume Forecast (2021-2034)

10.1.2. Diesel

10.1.2.1. Market Revenue and Volume Forecast (2021-2034)

10.1.3. Electric

10.1.3.1. Market Revenue and Volume Forecast (2021-2034)

10.1.4. Alternative Fuels

10.1.4.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 11. Global Heavy Duty Trucks Market, By Application 

11.1. Heavy Duty Trucks Market Revenue and Volume Forecast, by Application, 2024-2034

11.1.1. Construction and Mining

11.1.1.1. Market Revenue and Volume Forecast (2021-2034)

11.1.2. Freight and Logistics

11.1.2.1. Market Revenue and Volume Forecast (2021-2034)

11.1.3. Others

11.1.3.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 12. Global Heavy Duty Trucks Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.1.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.1.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.1.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.1.5.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.1.5.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.1.5.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.1.6.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.1.6.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.1.6.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.2.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.2.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.2.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.2.5.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.2.5.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.2.5.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.2.6.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.2.6.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.2.6.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.2.7.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.2.7.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.2.7.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.2.8.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.2.8.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.2.8.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.3.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.3.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.3.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.3.5.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.3.5.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.3.5.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.3.6.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.3.6.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.3.6.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.3.7.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.3.7.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.3.7.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.3.8.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.3.8.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.3.8.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.4.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.4.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.4.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.4.5.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.4.5.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.4.5.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.4.6.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.4.6.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.4.6.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.4.7.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.4.7.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.4.7.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.4.8.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.4.8.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.4.8.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.5.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.5.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.5.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.5.5.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.5.5.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.5.5.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Tonnage Type (2021-2034)

12.5.6.2. Market Revenue and Volume Forecast, by Class (2021-2034)

12.5.6.3. Market Revenue and Volume Forecast, by Fuel Type (2021-2034)

12.5.6.4. Market Revenue and Volume Forecast, by Application (2021-2034)

Chapter 13. Company Profiles

13.1. Daimler AG

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Volvo Group

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. PACCAR Inc

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Navistar International Corporation

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. MAN SE

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Scania AB

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Iveco S.p.A.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Hino Motors, Ltd.

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Isuzu Motors Ltd.

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Kenworth Truck Company

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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