Class 7 Truck - Global Strategic Business Report

The global market for Class 7 Truck was estimated at US$50.2 Billion in 2024 and is projected to reach US$59.8 Billion by 2030, growing at a CAGR of 3.0% 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 7 Truck market.

Global Class 7 Trucks Market - Key Trends & Drivers Summarized

Why Are Class 7 Trucks Gaining Strategic Importance in Heavy Urban Logistics and Industrial Operations?

Class 7 trucks - defined in the U.S. vehicle classification system with a Gross Vehicle Weight Rating (GVWR) between 26,001 and 33,000 pounds - occupy a vital space in the commercial transportation spectrum, acting as a critical link between mid-duty and full-scale heavy-duty truck applications. These vehicles, commonly configured as large box trucks, beverage haulers, refuse trucks, city transit buses, dump trucks, and heavy-duty vocational trucks, are widely utilized in sectors where higher payload capacity and structural robustness are essential, but maneuverability and urban operability are still required. Unlike Class 8 trucks that dominate long-haul and over-the-road freight operations, Class 7 trucks are optimized for regional, municipal, and short-range heavy-duty applications such as waste management, bulk material transport, utility servicing, and construction logistics. As urban infrastructure expands and cities become denser, Class 7 trucks are proving indispensable for heavy urban logistics - capable of handling substantial loads while navigating city constraints. Their higher payload-to-footprint efficiency also makes them ideal for operating in low-emission zones and metropolitan service corridors, positioning them as a go-to asset class for both public service and industrial fleet operators looking to optimize performance, capacity, and cost-efficiency in heavy-load operations.

How Is the Push Toward Zero-Emission Transport Influencing Class 7 Truck Design and Adoption?

With transportation decarbonization gaining traction globally, Class 7 trucks are increasingly at the center of fleet electrification strategies and alternative fuel deployment initiatives. Governments in major markets - particularly in North America and Europe - are enacting emissions mandates that directly target medium-to-heavy-duty fleets, with incentives and grant programs designed specifically to accelerate Class 7 truck electrification. OEMs are responding with the rollout of battery-electric Class 7 trucks, often tailored for urban and municipal use cases such as waste hauling, local delivery, and transit services. These trucks are designed to operate on predictable daily routes, return-to-base charging cycles, and optimized payload profiles, making them well-suited to early electrification efforts. Several major manufacturers are also exploring hydrogen fuel cell platforms in Class 7 configurations, particularly for fleet applications requiring extended range, heavier payloads, and minimal refueling downtime. Meanwhile, ICE-based Class 7 trucks are being upgraded with advanced powertrain technologies, low-emission diesel engines, CNG and renewable diesel capabilities, and aerodynamic enhancements to remain compliant with tightening fuel economy and emissions standards. As more fleet owners integrate Class 7 EVs into their operations, infrastructure developments - including megawatt-scale charging systems, depot energy management, and utility partnerships - are becoming critical enablers of broader market adoption. Over the next decade, regulatory momentum combined with improved battery technology and operational cost benefits is expected to shift a significant portion of the Class 7 fleet toward zero-emission platforms.

Is Customization and Digital Fleet Intelligence Redefining the Class 7 Truck Ecosystem?

As fleet requirements grow more complex and performance expectations increase, Class 7 trucks are evolving beyond their traditional utility roles through enhanced customization, intelligent fleet integration, and vehicle design innovation. Manufacturers are offering highly modular chassis and powertrain platforms that allow seamless upfitting for a wide range of vocational applications - from bulk material transport and roll-off containers to refrigerated trucks, aerial lift units, and mobile workshop conversions. These trucks are also increasingly equipped with advanced cabin ergonomics, comfort enhancements, and digital dashboards to support driver productivity, safety, and satisfaction. More importantly, fleet managers are leveraging smart telematics, cloud-based diagnostics, and predictive maintenance systems to enhance visibility, reduce downtime, and optimize fleet performance. Real-time data on fuel usage, vehicle health, route performance, and driver behavior is becoming standard practice, with many Class 7 trucks now embedded in broader connected fleet ecosystems. Moreover, the integration of ADAS technologies such as forward collision mitigation, adaptive cruise control, lane departure warnings, and 360-degree camera systems is contributing to greater on-road safety - especially in congested city environments. Telematics-based maintenance scheduling, route optimization, and automated compliance reporting are helping large-scale fleet operators manage costs and improve service delivery. As digitization becomes a competitive differentiator in fleet operations, Class 7 trucks are transitioning into smarter, safer, and more adaptable assets capable of meeting next-generation transport challenges.

What’s Powering the Growth Momentum of the Global Class 7 Trucks Market?

The growth in the Class 7 trucks market is driven by several converging factors linked to infrastructure development, urbanization, sustainability mandates, and operational optimization across core end-use sectors. A key growth catalyst is the rising investment in municipal infrastructure and public services, which is fueling demand for heavy vocational vehicles such as waste collection trucks, utility service vehicles, and municipal cargo haulers. Similarly, the growth in intra-regional logistics and last-mile bulk transport - particularly in food and beverage distribution - is driving the adoption of Class 7 trucks configured for payload efficiency and short-route delivery. The rise of green procurement standards and ESG compliance targets in both public and private sectors is also accelerating the transition toward electric and alternative-fuel Class 7 vehicles, backed by robust regulatory support and funding mechanisms. Additionally, the increasing complexity of urban logistics and the need for scalable, mid-capacity transport solutions in densely populated cities are creating new application avenues for Class 7 trucks that blend strength, range, and operational flexibility. Advances in digital fleet management, driver-assist systems, and predictive analytics are making Class 7 truck operations more efficient and cost-effective, encouraging fleet modernization and vehicle replacement cycles. Moreover, OEMs are expanding product portfolios with versatile, tech-enhanced variants and establishing strategic partnerships with upfitters, telematics providers, and charging infrastructure developers to deliver integrated solutions. As industrial sectors evolve and transportation becomes increasingly data-driven and sustainability-focused, Class 7 trucks are poised to see steady demand growth and strategic relevance across a wide spectrum of heavy-duty urban and regional applications.

Report Scope

The report analyzes the Class 7 Truck 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 Engine, 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$30.9 Billion by 2030 with a CAGR of a 3.4%. The Natural Gas Engine segment is also set to grow at 2.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $13.7 Billion in 2024, and China, forecasted to grow at an impressive 5.7% CAGR to reach $11.7 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 7 Truck 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 7 Truck 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 7 Truck 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 Ashok Leyland Limited, BYD Auto Co., Ltd., Daimler Truck North America (Freightliner), Ford Motor Company, General Motors Company (Chevrolet, GMC) and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 39 Featured):

• Ashok Leyland Limited
• BYD Auto Co., Ltd.
• Daimler Truck North America (Freightliner)
• Ford Motor Company
• General Motors Company (Chevrolet, GMC)
• Hino Motors Ltd.
• Hyundai Motor Company
• Isuzu Motors Ltd.
• Iveco Group N.V.
• Mack Trucks, Inc.
• MAN Truck & Bus SE
• Mitsubishi Fuso Truck and Bus Corporation
• Navistar International Corporation
• Nikola Corporation
• PACCAR Inc. (Kenworth, Peterbilt)
• Peterbilt Motors Company
• Scania AB
• Stellantis N.V. (Ram Trucks)
• Tata Motors Limited
• Volvo Trucks

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