Global Heavy Duty Trucks Market Report 2024

Heavy Duty Trucks Global Market Report 2024 – By Truck Type (Rigid, Articulated), By Propulsion (IC Engine, Electric, FCEV), By Application (Construction And Mining, Freight And logistics) – Market Size, Trends, And Global Forecast 2024-2033

Heavy Duty Trucks Global Market Report 2024

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Heavy Duty Trucks Global Market Report 2024

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Heavy Duty Trucks Market Definition And Segments

Heavy-duty trucks refer to heavy commercial vehicles that usually carry the load by themselves, without a trailer. These trucks, having a gross vehicle weight of around 15,000 kg or more, are designed to transport heavy equipment, construction materials, and minerals.

The main types of heavy-duty trucks are rigid and articulated. A rigid truck refers to a type of truck where the cab and the body rest on the same fixed chassis. Various types of propulsions are included, such as IC engines, electric vehicles, and FCEVs, which are used for several applications, including construction and mining and freight and logistics.

The heavy duty trucks market covered in this report is segmented –

1) By Truck Type: Rigid, Articulated

2) By Propulsion: IC Engine, Electric, FCEV

3) By Application: Construction And Mining, Freight And logistics

The heavy duty trucks market size has grown strongly in recent years. It will grow from $215.54 billion in 2023 to $229.16 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to growing industrial operations, increasing freight demand, rising pollution standards, advancements in vehicle safety, end-user demand.

The heavy duty trucks market size is expected to see strong growth in the next few years. It will grow to $278.6 billion in 2028 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to growing demand for powerful vehicles, intensifying product demand in specific sectors, expansion of domestic and foreign trade, stringent emission regulations, rise in purchasing power. Major trends in the forecast period include electrification surge, telematics and connectivity, weight reduction technologies, last-mile delivery solutions, predictive maintenance.

Heavy-Duty Trucks Market Thrives On Surge In Infrastructure Development And Construction Activities

The increase in infrastructure development and construction is expected to propel the growth of the heavy-duty truck market going forward. Infrastructure development and construction refers to the planning, financing, and building of basic physical systems that support a community or society. Heavy-duty trucks are used in infrastructure development and construction to facilitate the transportation of materials, equipment, and goods essential for building projects, providing large cargo capacity and long-distance capabilities. For instance, in November 2023, according to the Office for National Statistics, a UK-based government department, the value of construction in Great Britain in 2022 increased by 15.8% to a record high of $168,236 (£132,989) million, and annual new orders in 2022 increased 11.4% to a record high value of $102,261 (£80,837) million. Further, the main contributors were private infrastructure, private commercial, and other public non-housing, which increased by 85.1%, 10.2%, and 17.5%, respectively. Therefore, an increase in infrastructure development and construction is driving the growth of the heavy-duty truck market.

Major companies operating in the heavy duty trucks market are Toyota Motor Corporation, Fait Chrysler Automobile, Mercedes-Benz Group, Ford Motor Company, General Motors, Nissan Motor Co., Ltd., Volvo AB, Traton Group, Tata Motors Limited, Paccar Inc., Peterbilt, Scania AB, Mahindra & Mahindra Limited, Isuzu Motors Limited, Dongfeng Motor Group, MAN.SE, Hino Motors Ltd., Oshkosh Corporation, Mitsubishi Fuso Truck and Bus Corporation, Eicher Motors Ltd, Ashok Leyland, Mack Trucks, Western Star Trucks, Inc., Navistar International Corporation

Increasing Focus On Hydrogen-Powered Heavy-Duty Trucks Leveraging Cutting-Edge Technologies

Major companies operating in the heavy-duty trucks market are developing technological advancements, such as hydrogen-powered trucks with hydrogen ICE (internal combustion engine) technology, to strengthen their position in the market. Hydrogen-powered trucks offer promising and sustainable solutions for the heavy-duty trucks market, addressing environmental concerns, providing operational advantages, and contributing to the industry's long-term viability. For instance, in February 2023, Ashok Leyland, an India-based automotive manufacturer, in partnership with Reliance Industries Limited, an India-based conglomerate company, launched the H2-ICE heavy-duty truck range (19–35 ton) powered by hydrogen, a clean and renewable energy source. The vehicle's architecture resembles a conventional diesel engine, allowing for a cost-effective transition to cleaner energy. This hydrogen technology solution is expected to revolutionize the field of green mobility by producing almost zero emissions, performing at a level with traditional diesel trucks, reducing noise, and saving operating expenses.

Alamo Group Expands Portfolio With Acquisition Of Royal Truck & Equipment

In October 2023, Alamo Group Inc., a US-based manufacturer of agricultural equipment and infrastructure maintenance equipment, acquired Royal Truck & Equipment Inc. for an undisclosed amount. This acquisition is expected to strengthen Alamo's position in the infrastructure maintenance sector and create new growth opportunities in the highway safety market. Royal Truck & Equipment Inc. is a US-based manufacturer of heavy-duty trucks.

North America was the largest region in the heavy duty trucks market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heavy duty trucks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the heavy duty trucks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The heavy duty trucks market consists of sales of cement trucks, dump trucks, long-haul tractor-trailers, Class 7 and Class 8 Trucks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The heavy duty trucks market research report is one of a series of new reports from The Business Research Company that provides heavy duty trucks market statistics, including heavy duty trucks industry global market size, regional shares, competitors with a heavy duty trucks market share, detailed heavy duty trucks market segments, market trends and opportunities, and any further data you may need to thrive in the heavy duty trucks industry. This heavy duty trucks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Heavy Duty Trucks Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $229.16 billion
Revenue Forecast In 2033 $278.6 billion
Growth Rate CAGR of 5% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Truck Type: Rigid, Articulated
2) By Propulsion: IC Engine, Electric, FCEV
3) By Application: Construction And Mining, Freight And logistics
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Toyota Motor Corporation; Fait Chrysler Automobile; Mercedes-Benz Group; Ford Motor Company; General Motors; Nissan Motor Co., Ltd.; Volvo AB; Traton Group; Tata Motors Limited; Paccar Inc.; Peterbilt; Scania AB; Mahindra & Mahindra Limited; Isuzu Motors Limited; Dongfeng Motor Group; MAN.SE; Hino Motors Ltd.; Oshkosh Corporation; Mitsubishi Fuso Truck and Bus Corporation; Eicher Motors Ltd; Ashok Leyland; Mack Trucks; Western Star Trucks, Inc.; Navistar International Corporation
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    Table Of Contents

    1. Executive Summary

    2. Heavy Duty Trucks Market Characteristics

    3. Heavy Duty Trucks Market Trends And Strategies

    4. Heavy Duty Trucks Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Heavy Duty Trucks Market Size and Growth

    5.1. Global Heavy Duty Trucks Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Heavy Duty Trucks Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Heavy Duty Trucks Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Heavy Duty Trucks Market Segmentation

    6.1. Global Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Rigid

    Articulated

    6.2. Global Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    IC Engine

    Electric

    Fuel Cell Electric Vehicle (FCEV)

    6.3. Global Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Construction And Mining

    Freight And logistics

    7. Heavy Duty Trucks Market Regional And Country Analysis

    7.1. Global Heavy Duty Trucks Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Heavy Duty Trucks Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Heavy Duty Trucks Market

    8.1. Asia-Pacific Heavy Duty Trucks Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Heavy Duty Trucks Market

    9.1. China Heavy Duty Trucks Market Overview

    9.2. China Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Heavy Duty Trucks Market

    10.1. India Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Heavy Duty Trucks Market

    11.1. Japan Heavy Duty Trucks Market Overview

    11.2. Japan Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Heavy Duty Trucks Market

    12.1. Australia Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Heavy Duty Trucks Market

    13.1. Indonesia Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Heavy Duty Trucks Market

    14.1. South Korea Heavy Duty Trucks Market Overview

    14.2. South Korea Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Heavy Duty Trucks Market

    15.1. Western Europe Heavy Duty Trucks Market Overview

    15.2. Western Europe Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Heavy Duty Trucks Market

    16.1. UK Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Heavy Duty Trucks Market

    17.1. Germany Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Heavy Duty Trucks Market

    18.1. France Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Heavy Duty Trucks Market

    19.1. Italy Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Heavy Duty Trucks Market

    20.1. Spain Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Heavy Duty Trucks Market

    21.1. Eastern Europe Heavy Duty Trucks Market Overview

    21.2. Eastern Europe Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Heavy Duty Trucks Market

    22.1. Russia Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Heavy Duty Trucks Market

    23.1. North America Heavy Duty Trucks Market Overview

    23.2. North America Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Heavy Duty Trucks Market

    24.1. USA Heavy Duty Trucks Market Overview

    24.2. USA Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Heavy Duty Trucks Market

    25.1. Canada Heavy Duty Trucks Market Overview

    25.2. Canada Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Heavy Duty Trucks Market

    26.1. South America Heavy Duty Trucks Market Overview

    26.2. South America Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Heavy Duty Trucks Market

    27.1. Brazil Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Heavy Duty Trucks Market

    28.1. Middle East Heavy Duty Trucks Market Overview

    28.2. Middle East Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Heavy Duty Trucks Market

    29.1. Africa Heavy Duty Trucks Market Overview

    29.2. Africa Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Heavy Duty Trucks Market Competitive Landscape And Company Profiles

    30.1. Heavy Duty Trucks Market Competitive Landscape

    30.2. Heavy Duty Trucks Market Company Profiles

    30.2.1. Toyota Motor Corporation

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Fait Chrysler Automobile

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Mercedes-Benz Group

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Ford Motor Company

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. General Motors

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Heavy Duty Trucks Market Other Major And Innovative Companies

    31.1. Nissan Motor Co., Ltd.

    31.2. Volvo AB

    31.3. Traton Group

    31.4. Tata Motors Limited

    31.5. Paccar Inc.

    31.6. Peterbilt

    31.7. Scania AB

    31.8. Mahindra & Mahindra Limited

    31.9. Isuzu Motors Limited

    31.10. Dongfeng Motor Group

    31.11. MAN.SE

    31.12. Hino Motors Ltd.

    31.13. Oshkosh Corporation

    31.14. Mitsubishi Fuso Truck and Bus Corporation

    31.15. Eicher Motors Ltd

    32. Global Heavy Duty Trucks Market Competitive Benchmarking

    33. Global Heavy Duty Trucks Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Heavy Duty Trucks Market

    35. Heavy Duty Trucks Market Future Outlook and Potential Analysis

    35.1 Heavy Duty Trucks Market In 2028 - Countries Offering Most New Opportunities

    35.2 Heavy Duty Trucks Market In 2028 - Segments Offering Most New Opportunities

    35.3 Heavy Duty Trucks Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Heavy Duty Trucks Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Heavy Duty Trucks Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Toyota Motor Corporation Financial Performance
  • Table 75: Fait Chrysler Automobile Financial Performance
  • Table 76: Mercedes-Benz Group Financial Performance
  • Table 77: Ford Motor Company Financial Performance
  • Table 78: General Motors Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Heavy Duty Trucks Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Heavy Duty Trucks Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Toyota Motor Corporation Financial Performance
  • Figure 75: Fait Chrysler Automobile Financial Performance
  • Figure 76: Mercedes-Benz Group Financial Performance
  • Figure 77: Ford Motor Company Financial Performance
  • Figure 78: General Motors Financial Performance
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Frequently Asked Questions

What is the definition of the heavy duty trucks market?

Heavy-duty trucks refer to heavy commercial vehicles that usually carry the load by themselves, without a trailer. These trucks, having a gross vehicle weight of around 15,000 kg or more, are designed to transport heavy equipment, construction materials, and minerals. For further insights on the heavy duty trucks market, request a sample here

How will the heavy duty trucks market drivers and restraints affect the heavy duty trucks market dynamics? What forces will shape the heavy duty trucks industry going forward?

The heavy duty trucks market major growth driver - Heavy-Duty Trucks Market Thrives On Surge In Infrastructure Development And Construction Activities. For further insights on the heavy duty trucks market, request a sample here

What is the forecast market size or the forecast market value of the heavy duty trucks market?

The heavy duty trucks market size has grown strongly in recent years. It will grow from $215.54 billion in 2023 to $229.16 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to growing industrial operations, increasing freight demand, rising pollution standards, advancements in vehicle safety, end-user demand. The heavy duty trucks market size is expected to see strong growth in the next few years. It will grow to $278.6 billion in 2028 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to growing demand for powerful vehicles, intensifying product demand in specific sectors, expansion of domestic and foreign trade, stringent emission regulations, rise in purchasing power. Major trends in the forecast period include electrification surge, telematics and connectivity, weight reduction technologies, last-mile delivery solutions, predictive maintenance. For further insights on the heavy duty trucks market, request a sample here

How is the heavy duty trucks market segmented?

The heavy duty trucks market is segmented
1) By Truck Type: Rigid, Articulated
2) By Propulsion: IC Engine, Electric, FCEV
3) By Application: Construction And Mining, Freight And logisticsFor further insights on the heavy duty trucks market, request a sample here

Which region has the largest share of the heavy duty trucks market? What are the other regions covered in the report?

North America was the largest region in the heavy duty trucks market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heavy duty trucks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the heavy duty trucks market, request a sample here.

Who are the major players in the heavy duty trucks market?

Major companies operating in the heavy duty trucks market report are Toyota Motor Corporation, Fait Chrysler Automobile, Mercedes-Benz Group, Ford Motor Company, General Motors, Nissan Motor Co., Ltd., Volvo AB, Traton Group, Tata Motors Limited, Paccar Inc., Peterbilt, Scania AB, Mahindra & Mahindra Limited, Isuzu Motors Limited, Dongfeng Motor Group, MAN.SE, Hino Motors Ltd., Oshkosh Corporation, Mitsubishi Fuso Truck and Bus Corporation, Eicher Motors Ltd, Ashok Leyland, Mack Trucks, Western Star Trucks, Inc., Navistar International Corporation For further insights on the heavy duty trucks market, request a sample here.

What are the key trends in the heavy duty trucks market?

Major trend in the heavy duty trucks market - Increasing Focus On Hydrogen-Powered Heavy-Duty Trucks Leveraging Cutting-Edge Technologies. For further insights on the heavy duty trucks market, request a sample here.

What are the major opportunities in the heavy duty trucks market? What are the strategies for the heavy duty trucks market?

For detailed insights on the major opportunities and strategies in the heavy duty trucks market, request a sample here.

How does the heavy duty trucks market relate to the overall economy and other similar markets?

For detailed insights on heavy duty trucks market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the heavy duty trucks industry?

For detailed insights on the mergers and acquisitions in the heavy duty trucks industry, request a sample here.

What are the key dynamics influencing the heavy duty trucks market growth? SWOT analysis of the heavy duty trucks market.

For detailed insights on the key dynamics influencing the heavy duty trucks market growth and SWOT analysis of the heavy duty trucks industry, request a sample here.