Class 4 Trucks - Global Strategic Business Report

The global market for Class 4 Trucks was estimated at US$5.6 Billion in 2024 and is projected to reach US$7.7 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Class 4 Trucks market.

Global Class 4 Trucks Market - Key Trends & Drivers Summarized

Why Are Class 4 Trucks Positioned at the Strategic Crossroads of Light and Medium Duty Transport?

Class 4 trucks - categorized under the U.S. vehicle classification system with a Gross Vehicle Weight Rating (GVWR) between 14,001 and 16,000 pounds - are increasingly being recognized as a pivotal vehicle class that bridges the operational gap between light-duty utility vehicles and heavier medium-duty commercial fleets. These trucks are primarily used in a wide range of applications such as parcel delivery, public utility servicing, regional logistics, mobile workshops, landscaping, waste collection, and specialized vocational services. Their ability to handle significant payloads, support extensive body customization, and operate in both urban and rural routes gives them a unique positioning in fleet operations. Unlike Class 3 trucks, Class 4 vehicles often support more rigorous duty cycles and longer operational hours, yet they maintain a smaller operational footprint and better maneuverability than heavier-duty trucks. This balance makes them ideal for use cases that demand both higher performance and access to dense delivery zones or constrained infrastructure environments. Moreover, as supply chains become more fragmented and businesses require greater route flexibility, Class 4 trucks are emerging as reliable workhorses capable of addressing multiple commercial and industrial transport needs across diverse sectors.

How Are Electrification and Emission Norms Reshaping the Class 4 Truck Market?

Environmental regulations and global decarbonization goals are fundamentally reshaping the Class 4 truck market, driving a rapid transition toward cleaner, more efficient powertrain technologies. As regulatory bodies in North America, Europe, and Asia tighten NOx and CO2 emission norms for commercial vehicles, OEMs are investing heavily in electric and alternative-fuel-powered Class 4 trucks. The segment is becoming a critical testing ground for scalable electric platforms, particularly as battery-electric trucks in this class can balance performance, range, and payload without the complexities of heavier-duty electrification. Several manufacturers have already introduced Class 4 electric trucks targeted at last-mile logistics, urban delivery fleets, and municipal operations - often benefiting from regional government incentives, fleet decarbonization grants, and low-emission zone regulations. Additionally, clean diesel technologies, hybrid configurations, and emerging hydrogen fuel cell platforms are gaining attention in long-haul and high-load applications within this category. Fleet operators, under pressure to lower total cost of ownership (TCO) and meet sustainability targets, are increasingly incorporating low-emission Class 4 trucks into their procurement strategies. Furthermore, as the commercial vehicle infrastructure ecosystem evolves, including faster charging networks and fleet-oriented energy management tools, Class 4 trucks are poised to lead the transition into high-volume, electrified mid-range transportation markets.

Is Product Differentiation and Fleet Customization Driving Market Competitiveness?

The competitive dynamics within the Class 4 truck market are rapidly intensifying as OEMs and upfitting partners introduce advanced configurations, intelligent technologies, and modular platforms designed for diverse commercial use cases. These trucks are increasingly being offered with multiple chassis lengths, cab styles, suspension types, and wheelbase options, allowing end-users to tailor configurations to industry-specific requirements. Whether outfitted with dry cargo boxes, refrigerated units, mobile workshops, flatbeds, or refuse collection bodies, Class 4 trucks offer exceptional flexibility for niche and high-volume vocational operations. At the same time, enhanced focus on operator comfort and driver ergonomics is leading to significant cabin upgrades including digital dashboards, advanced infotainment systems, power-adjustable seats, and enhanced visibility features - making these trucks more appealing for longer shifts and fleet-based driving models. Safety features such as automatic emergency braking (AEB), electronic stability control (ESC), blind spot monitoring, and collision mitigation systems are becoming standard or optional across many models. The integration of smart fleet management technologies, GPS tracking, predictive maintenance, remote diagnostics, and fuel efficiency analytics is enabling fleet operators to maximize uptime and control operational costs more precisely. OEMs are also forming strategic alliances with upfitters, telematics providers, and logistics technology firms to offer turnkey solutions for vertical industries, giving Class 4 trucks a competitive edge in value-added services and integrated fleet solutions.

What’s Fueling the Upward Growth Curve of the Global Class 4 Trucks Market?

The growth in the Class 4 trucks market is driven by a combination of infrastructure modernization, fleet evolution, supply chain diversification, and increasingly specialized service delivery models. One of the core growth engines is the rise of urban logistics and last-mile delivery networks, where Class 4 trucks offer the ideal blend of cargo capacity and urban navigability. As e-commerce continues to expand and regional warehousing models evolve, demand for medium-capacity, agile transport vehicles has risen sharply - positioning Class 4 trucks as a mainstay of integrated logistics operations. Furthermore, increasing infrastructure investments in smart cities, renewable energy installations, telecommunications, and water utilities are generating demand for mobile service trucks with specialized attachments - most of which fall within the payload and customization range of Class 4 trucks. The trend toward vocational fleet optimization and rightsizing is also contributing to growth, as businesses seek to replace oversized vehicles with more efficient, task-specific Class 4 platforms. Electrification initiatives - supported by government incentives, green procurement mandates, and ESG targets - are accelerating the adoption of electric Class 4 trucks in both public and private fleets. Meanwhile, expanding aftermarket ecosystems, financing availability, leasing models, and resale value improvements are making these trucks more accessible for small and mid-sized enterprises. As these market fundamentals continue to strengthen, Class 4 trucks are set to play an increasingly strategic role in the global commercial vehicle landscape - bridging performance, sustainability, and operational flexibility in a rapidly evolving transport economy.

Report Scope

The report analyzes the Class 4 Trucks market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Engine Type (Diesel Engine, Natural Gas Engine, Hybrid Electric Engine, Other Engines); Application (Freight Delivery Application, Utility Services Application, Construction and Mining Application, Other Applications)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Diesel Engine segment, which is expected to reach US$4.1 Billion by 2030 with a CAGR of a 6.3%. The Natural Gas Engine segment is also set to grow at 5.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $1.5 Billion in 2024, and China, forecasted to grow at an impressive 8.8% CAGR to reach $1.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Class 4 Trucks Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Class 4 Trucks Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Class 4 Trucks Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Bollinger Motors, Daimler Truck AG, Ford Motor Company, General Motors Company, GreenPower Motor Company Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 32 Featured):

• Bollinger Motors
• Daimler Truck AG
• Ford Motor Company
• General Motors Company
• GreenPower Motor Company Inc.
• Harbinger Motors Inc.
• Hino Motors Ltd.
• Isuzu Motors Ltd.
• Kenworth Truck Company
• Mitsubishi Fuso Truck and Bus Corporation
• Mullen Automotive Inc.
• Navistar International Corporation
• Optimal Electric Vehicles LLC
• PACCAR Inc.
• Peterbilt Motors Company
• Phoenix Motorcars
• REE Automotive Ltd.
• Stellantis N.V.
• Volvo Group
• Workhorse Group Inc.

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry