Europe Trucks Market Opportunity, Growth Drivers, Industry Trend Analysis and Forecast 2026-2035

The Europe Trucks Market was valued at USD 53.4 billion in 2025 and is estimated to grow at a CAGR of 6.2% to reach USD 97.6 billion by 2035.

Strict emission standards and long-term decarbonization goals are pushing the adoption of electric, hydrogen, and low-emission trucks across medium- and heavy-duty segments. Incentives such as scrappage schemes, low-emission zones, and financial support for green fleets are further driving the shift toward next-generation vehicles. Growth in e-commerce and last-mile delivery is boosting demand for trucks capable of urban and intercity logistics. Investments in intelligent transport corridors, highways, logistics parks, and cross-border routes are enhancing freight efficiency, reducing transit times, and lowering operational costs, while also improving vehicle utilization. The market expansion is being fueled by fleet modernization cycles, increasing parcel volumes, and the adoption of purpose-built trucks for urban and regional distribution.

The heavy-duty truck segment held 60% share and is expected to grow at a CAGR 5% through 2035. Stringent noise and emission regulations are accelerating the renewal of diesel-heavy networks, prompting operators to upgrade to Euro VI-compliant or hydrogen-ready trucks. These regulatory measures are creating sustained demand for efficient heavy-duty platforms capable of meeting future zero-emission standards. Growth is further supported by investments in electric and hydrogen-powered truck corridors, including high-power charging stations and hydrogen refueling infrastructure, which help extend operational ranges and reduce range anxiety, making zero-emission heavy trucks increasingly viable for long-haul applications.

The class 8 trucks segment held a 46.8% share in 2025 and is projected to grow at a CAGR of 5% between 2026 and 2035. Stricter CO2 emission regulations for long-haul vehicles are driving the replacement of outdated Class 8 fleets with Euro VI diesel, battery-electric, and hydrogen-ready tractors. The high demand for long-distance freight transport, including intra-European trade, port-to-inland logistics, and industrial supply chains, supports the continued adoption of high-capacity Class 8 trucks designed for efficiency, low emissions, and regulatory compliance.

Germany Trucks Market held 27% share, generating USD 8.5 billion in 2025. Germany’s leadership is driven by its role as a key manufacturing and export hub, where heavy volumes of automotive, chemical, machinery, and industrial products require reliable road transportation. The country’s strategic geographic location positions it as a major freight transit corridor for goods moving between Western, Eastern, and Northern Europe. Strong domestic and international logistics demand sustains medium- and heavy-duty truck adoption, while continued industrial production and high export activity maintain robust market growth.

Major players operating in the Europe Trucks Market include BelAZ, DAF Trucks, Iveco, MAN Truck, Daimler, Renault Trucks, Scania, Sisu Auto, Tatra, and Volvo Trucks. Leading Europe Trucks Market leaders employ multiple strategies to strengthen market presence and secure long-term growth. Companies are investing heavily in electrification, hydrogen fuel technologies, and hybrid drivetrains to meet emission regulations and offer future-ready fleets. Strategic partnerships with infrastructure providers, energy companies, and logistics operators enhance the adoption of alternative-fuel trucks. Fleet customization, tailored solutions for urban delivery, and long-haul operations are used to address specific customer needs. R&D efforts focus on efficiency improvements, digital telematics integration, and predictive maintenance to reduce the total cost of ownership.

Comprehensive Market Analysis and Forecast

• Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
• Competitive landscape with Porter’s Five Forces and PESTEL analysis
• Market size, segmentation, and regional forecasts
• In-depth company profiles, business strategies, financial insights, and SWOT analysis

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