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Heavy Trucks Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user and Region

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    Report

  • 220 Pages
  • July 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5847399

The demand for heavy trucks for large-scale material transportation and distribution is witnessing significant growth worldwide, particularly in developing nations undergoing rapid industrialization. Industries such as building and construction, transportation and logistics, mining and infrastructure, and e-commerce are experiencing unprecedented growth, leading to an increased reliance on heavy-duty vehicles with high cargo-carrying capacities. A forthcoming study by the analyst highlights the crucial role of supply chain and logistics developments in driving the growth of the global heavy trucks market.

Rise in Demand for Electric and Hybrid Electric Heavy Trucks

The global shift towards e-mobility has been influencing both passenger and commercial vehicles. Original Equipment Manufacturers (OEMs) are focusing on hybrid commercial vehicles to reduce emissions and combat air pollution. Multiple brands have introduced electric and hybrid electric heavy trucks to the market, which are gaining traction. The growing adoption of fully electric and hybrid electric heavy trucks and other commercial vehicles for various daily operations holds promising prospects for the heavy trucks market in the future.

Impact of Auto Industry Mega Trends on Heavy Truck Fleets

Technological advancements are disrupting industries worldwide, including the automotive heavy-duty vehicles sector. The Logistics, Electrification, Autonomous, and Digitalization (LEAD) trend has been revolutionary in the automotive industry and is set to bring radical developments, particularly in the heavy trucks segment. The rapid progress of the logistics industry is expected to significantly influence the growth of heavy truck fleets. The next anticipated innovation in the realm of automation and digitalization is driverless heavy trucks. These and other industry trend waves are likely to provide a strong impetus to the global heavy trucks market in the future.

Asia Pacific as the Epicenter of Opportunities in the Heavy Trucks Market

The Asian subcontinent, characterized by robust auto manufacturing and registration rates, will continue to represent the most lucrative market for heavy truck manufacturers and other heavy commercial vehicles. The region benefits from a favorable business environment, including cheaper labor availability and abundant raw materials, which further strengthens the key end-use industries such as building and construction, logistics, and transportation. This contributes to the growth of the heavy trucks market, with significant opportunities arising in Asia's heavy-duty operations segment. Industrialization and infrastructure developments in key countries of the Asia Pacific have been instrumental in driving the growth of the heavy trucks market.

Key Competitors in the Heavy Trucks Market

Major players such as Daimler AG, Tata Motors, Volvo Trucks, Isuzu Motors Ltd., Eicher Motors Limited, and Ashok Leyland will undergo detailed financial and strategic profiling in the forthcoming heavy trucks market report.

Table of Contents

1. Executive Summary
1.1. Global Heavy Trucks Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-covid and Post-covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE
3. Production Output and Trade Statistics, 2018 - 2021
3.1. Regional Production Statistics
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East & Africa
3.2. Trade Statistics
4. Price Trends Analysis and Future Projects, 2018 - 2029
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Class
4.4. By Region
5. Global Heavy Trucks Market Outlook, 2018 - 2029
5.1. Global Heavy Trucks Market Outlook, by Class, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
5.1.1. Key Highlights
5.1.1.1. Class 7
5.1.1.2. Class 8
5.1.1.3. Class 9
5.2. Global Heavy Trucks Market Outlook, by Fuel Type, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
5.2.1. Key Highlights
5.2.1.1. Diesel
5.2.1.2. Petrol
5.2.1.3. Alternate Fuels
5.2.1.4. Hybrid Electric
5.2.1.5. Electrically Chargeable
5.3. Global Heavy Trucks Market Outlook, by End-user, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
5.3.1. Key Highlights
5.3.1.1. Construction
5.3.1.2. Mining
5.3.1.3. Agriculture
5.3.1.4. Freight and Logistics
5.3.1.5. Misc.
5.4. Global Heavy Trucks Market Outlook, by Region, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
5.4.1. Key Highlights
5.4.1.1. North America
5.4.1.2. Europe
5.4.1.3. Asia Pacific
5.4.1.4. Latin America
5.4.1.5. Middle East & Africa
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. North America Heavy Trucks Market Outlook, 2018 - 2029
6.1. North America Heavy Trucks Market Outlook, by Class, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
6.1.1. Key Highlights
6.1.1.1. Class 7
6.1.1.2. Class 8
6.1.1.3. Class 9
6.2. North America Heavy Trucks Market Outlook, by Fuel Type, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
6.2.1. Key Highlights
6.2.1.1. Diesel
6.2.1.2. Petrol
6.2.1.3. Alternate Fuels
6.2.1.4. Hybrid Electric
6.2.1.5. Electrically Chargeable
6.3. North America Heavy Trucks Market Outlook, by End-user, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
6.3.1. Key Highlights
6.3.1.1. Construction
6.3.1.2. Mining
6.3.1.3. Agriculture
6.3.1.4. Freight and Logistics
6.3.1.5. Misc.
6.4. North America Heavy Trucks Market Outlook, by Country, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
6.4.1. Key Highlights
6.4.1.1. U.S.
6.4.1.2. Canada
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Heavy Trucks Market Outlook, 2018 - 2029
7.1. Europe Heavy Trucks Market Outlook, by Class, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
7.1.1. Key Highlights
7.1.1.1. Class 7
7.1.1.2. Class 8
7.1.1.3. Class 9
7.2. Europe Heavy Trucks Market Outlook, by Fuel Type, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
7.2.1. Key Highlights
7.2.1.1. Diesel
7.2.1.2. Petrol
7.2.1.3. Alternate Fuels
7.2.1.4. Hybrid Electric
7.2.1.5. Electrically Chargeable
7.3. Europe Heavy Trucks Market Outlook, by End-user, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
7.3.1. Key Highlights
7.3.1.1. Construction
7.3.1.2. Mining
7.3.1.3. Agriculture
7.3.1.4. Freight and Logistics
7.3.1.5. Misc.
7.4. Europe Heavy Trucks Market Outlook, by Country, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
7.4.1. Key Highlights
7.4.1.1. Germany
7.4.1.2. France
7.4.1.3. U.K.
7.4.1.4. Italy
7.4.1.5. Spain
7.4.1.6. Russia
7.4.1.7. Rest of Europe
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Heavy Trucks Market Outlook, 2018 - 2029
8.1. Asia Pacific Heavy Trucks Market Outlook, by Class, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
8.1.1. Key Highlights
8.1.1.1. Class 7
8.1.1.2. Class 8
8.1.1.3. Class 9
8.2. Asia Pacific Heavy Trucks Market Outlook, by Fuel Type, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
8.2.1. Key Highlights
8.2.1.1. Diesel
8.2.1.2. Petrol
8.2.1.3. Alternate Fuels
8.2.1.4. Hybrid Electric
8.2.1.5. Electrically Chargeable
8.3. Asia Pacific Heavy Trucks Market Outlook, by End-user, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
8.3.1. Key Highlights
8.3.1.1. Construction
8.3.1.2. Mining
8.3.1.3. Agriculture
8.3.1.4. Freight and Logistics
8.3.1.5. Misc.
8.4. Asia Pacific Heavy Trucks Market Outlook, by Country, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
8.4.1. Key Highlights
8.4.1.1. China
8.4.1.2. Japan
8.4.1.3. South Korea
8.4.1.4. India
8.4.1.5. Southeast Asia
8.4.1.6. Rest of Asia Pacific
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Heavy Trucks Market Outlook, 2018 - 2029
9.1. Latin America Heavy Trucks Market Outlook, by Class, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
9.1.1. Key Highlights
9.1.1.1. Class 7
9.1.1.2. Class 8
9.1.1.3. Class 9
9.2. Latin America Heavy Trucks Market Outlook, by Fuel Type, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
9.2.1. Key Highlights
9.2.1.1. Diesel
9.2.1.2. Petrol
9.2.1.3. Alternate Fuels
9.2.1.4. Hybrid Electric
9.2.1.5. Electrically Chargeable
9.3. Latin America Heavy Trucks Market Outlook, by End-user, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
9.3.1. Key Highlights
9.3.1.1. Construction
9.3.1.2. Mining
9.3.1.3. Agriculture
9.3.1.4. Freight and Logistics
9.3.1.5. Misc.
9.4. Latin America Heavy Trucks Market Outlook, by Country, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
9.4.1. Key Highlights
9.4.1.1. Brazil
9.4.1.2. Mexico
9.4.1.3. Rest of Latin America
9.4.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Heavy Trucks Market Outlook, 2018 - 2029
10.1. Middle East & Africa Heavy Trucks Market Outlook, by Class, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
10.1.1. Key Highlights
10.1.1.1. Class 7
10.1.1.2. Class 8
10.1.1.3. Class 9
10.2. Middle East & Africa Heavy Trucks Market Outlook, by Fuel Type, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
10.2.1. Key Highlights
10.2.1.1. Diesel
10.2.1.2. Petrol
10.2.1.3. Alternate Fuels
10.2.1.4. Hybrid Electric
10.2.1.5. Electrically Chargeable
10.3. Middle East & Africa Heavy Trucks Market Outlook, by End-user, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
10.3.1. Key Highlights
10.3.1.1. Construction
10.3.1.2. Mining
10.3.1.3. Agriculture
10.3.1.4. Freight and Logistics
10.3.1.5. Misc.
10.4. Middle East & Africa Heavy Trucks Market Outlook, by Country, Volume (‘000 Units) and Value (US$ Mn), 2018 - 2029
10.4.1. Key Highlights
10.4.1.1. GCC
10.4.1.2. South Africa
10.4.1.3. Rest of Middle East & Africa
10.4.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis, 2021
11.2. Competitive Dashboard
11.3. Company Profiles
11.3.1. Daimler Trucks
11.3.1.1. Company Overview
11.3.1.2. Product Portfolio
11.3.1.3. Financial Overview
11.3.1.4. Business Strategies and Development
11.3.2. Volvo Global Trucks
11.3.3. Paccar
11.3.4. Dongfeng
11.3.5. FAW Group
11.3.6. Scania AB
11.3.7. Beijing Automotive Group Co. Ltd. (BAIC)
11.3.8. MAN SE
11.3.9. Hino Motors
11.3.10. Iveco
11.3.11. Navistar
11.3.12. Shaanxi Automobile Holding Group
11.3.13. KAMAZ
11.3.14. Sinotruk Group (CNHTC)
11.3.15. TATA Motors
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Daimler Trucks
  • Volvo Global Trucks
  • Paccar
  • Dongfeng
  • FAW Group
  • Scania AB
  • Beijing Automotive Group Co. Ltd. (BAIC)
  • MAN SE
  • Hino Motors
  • Iveco
  • Navistar
  • Shaanxi Automobile Holding Group
  • KAMAZ
  • Sinotruk Group (CNHTC)
  • TATA Motors

Methodology

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