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.
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
Chapter 6. Market Dynamics Analysis and Trends
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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