Heavy Duty Trucks Market size was valued at US$ 392.56 Bn. in 2023 and the total revenue is expected to grow at 5.2% of CAGR through 2023 to 2030, reaching US$ 551.90 Bn.

Heavy Duty Trucks Market Overview:

For the global industry's Heavy Duty Trucks Market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to enhance the existing data, segment the market, estimate overall market size, predict market size, and growth rate.

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Heavy Duty Trucks Market Scope:

The scope of our project is to gather comprehensive market information and data from a diverse range of sources to provide a more precise and holistic regional perspective. Our primary focus is on conducting in-depth country-level analysis, which involves examining multiple facets crucial to understanding the regional landscape. This includes a thorough investigation of various regional stakeholders, such as businesses, government bodies, and non-profit organizations. Additionally, we will scrutinize regional tax laws and policies, analyzing their impact on the market. To gain a well-rounded view, we will study consumer behavior trends and patterns, and also delve into macroeconomic data to ascertain its influence on the market dynamics. This project aims to equip our organization with a robust foundation of knowledge to support well-informed decision-making processes.

Heavy Duty Trucks Market Drivers: 

The strict emission norms set by governments are expected to drive market for hybrid electric segment in forecast period. Advanced software programs are being created by the European Commission (EC) to calculate fuel use and CO2 emissions. Market players are releasing new models of fully electric and hybrid heavy-duty trucks in response to these policy changes in North America and Europe.

Thanks to rising infrastructure and ongoing need for freight loading in North America, India, and Japan, electric truck segment is expected to witness high growth. Impact of these drivers is studied and analyzed to present in dollars value in the report.

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by Vehicle Type

1. Medium
2. Heavy-Duty
3. Pickup

by Fuel Type

1. Diesel
2. CNG
3. LNG

by Application

1. Distribution
2. Container
3. Dumping
4. Refrigeration
5. Tanker
6. RMC
7. Special Application
8. Logistic
9. Agriculture
10 defense

Heavy Duty Trucks Market Key Players: The key players are

1. Mahindra Motors (India)
2. Ashok Leyland (India)
3. TATA motors (India)
4. Eicher Motors (India)
5. Hindustan Motors (India)
6. Daimler AG (Germany)
7. Ford Motor Company(Germany)
8. Volkswagen (Germany)
9. Oshkosh Corporation (US)
10. Mack Trucks (US)
11. Navistar (US)
12. Kenworth (US)
13. Tesla Motors (US)
14. Paccar Inc. (US)
15. Hino Motors (Japan)
16. Mitsubishi Fuso (Japan)
17. Isuzu Motors Ltd (Japan)
18. Scania AB (Sweden)
19. Volvo Trucks (Sweden)
20. MAN Truck (UK)
21. Dongfeng Motor Group Company Ltd (China)
22. Renault Trucks (France)
23. DAF Trucks (Netherland)
24. IVECO (Netherland)
25. Hyundai (South Korea)


A country-level study of the Heavy Duty Trucks Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Heavy Duty Trucks Market study.

COVID-19 Impact Analysis on Heavy Duty Trucks Market: The report covers COVID-19 impact on Heavy Duty Trucks market.

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Key Questions Answered in the Heavy Duty Trucks Market Report are: 

  • What will be the CAGR of the Heavy Duty Trucks market during the forecast period?
  • Which segment emerged as the leading segment in the Heavy Duty Trucks market?
  • Which are the prominent players in the Heavy Duty Trucks market?
  • What will be the Heavy Duty Trucks market size by 2027?
  • Which company held the largest share in the Heavy Duty Trucks market?

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