Market Overview:
The global heavy-duty truck market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for freight transport and infrastructure development across the globe. In terms of type, the complete vehicle segment is expected to hold a major share of the global heavy-duty truck market during the forecast period. This can be attributed to rising demand for commercial vehicles in developing countries such as India and China.
Product Definition:
A heavy-duty truck is a commercial vehicle that has been modified to be able to carry heavier loads than a standard truck. These trucks are typically used for transportation of goods or materials, and can be found in industries such as construction, agriculture, and mining. Heavy-duty trucks are important for businesses that need to move large quantities of goods or materials, as they can handle significantly more weight than a standard truck.
Complete Vehicle:
Complete vehicle, also known as complete or fully automatic transmission (CAF), is a type of drivetrain that uses a single gear to convert the engine's rotary motion to forward movement. The most common types of CAF are manual and automatic.
The growth factor for heavy-duty truck market is Complete Automated Transmission (CAT).
Incomplete Vehicle:
Incomplete vehicle is a term used for describes the portion of a vehicle that remains in an assembly line stage. It includes parts such as frame, drive train, body panels and interior trim. The incomplete vehicles are used by heavy-duty truck manufacturers to produce trucks with specific design and features required by the customer.
The global incomplete vehicle & it's usage in heavy-duty truck market size was valued at USD 6,69,867 in 2016.
Application Insights:
The others application segment includes the use of these trucks for personal and commercial transport. Personal transportation includes the usage of such trucks for moving households goods from one place to another. Commercial transportation is a major application in developed countries like U.S., Canada, Germany, France and UK where these heavy-duty trucks are used extensively for transporting goods between warehouses or from source to destination within a city.
Regional Analysis:
Asia Pacific dominated the global heavy-duty truck market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing demand from developing economies such as China, India, and Indonesia. Moreover, rising investments by governments in infrastructure development are anticipated to drive the regional market growth over the forecast period.
The Asia Pacific was followed by North America with a share of more than 20% in 2017 owing to increased construction spending along with growing demand for light-duty trucks from U.S., Canada, and Mexico on account of population growth and rising consumerism resulting into higher household disposable income which will fuel further vehicle sales across these countries eventually driving up product demand across this region eventually leading it becoming one of largest regions globally during the forecast years.
Growth Factors:
- Increasing demand for goods transportation: The growth of the global economy has led to an increase in the demand for goods transportation, which is benefiting the heavy-duty truck market.
- Rising investments in infrastructure development: Governments around the world are investing heavily in infrastructure development, which is aiding the growth of the heavy-duty truck market.
- Proliferation of e-commerce: The growth of e-commerce is fueling demand for last mile delivery vehicles, thereby benefiting the heavy-duty truck market.
- Stringent emissions regulations: Stringent emissions regulations are encouraging fleet operators to replace their older trucks with newer and more fuel efficient models, thereby propelling market growth. 5) Technological advancements: Ongoing technological advancements are resulting in innovations such as electric and autonomous trucks, which is driving adoption and propelling market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy-Duty Truck Market Research Report
By Type
Complete Vehicle, Incomplete Vehicle, Semitrailer Tractor
By Application
Real Estate Development, Infrastructre Construction, Freight Market, Others
By Companies
IVECO, KANAZ, MAN, Navistar International, Paccar, Scania, Tata Motors, Volvo Trucks, Isuzu, Daimler Trucks, IVECO, Chinese Manufacturers, Ashok Leyland
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Heavy-Duty Truck Market Report Segments:
The global Heavy-Duty Truck market is segmented on the basis of:
Types
Complete Vehicle, Incomplete Vehicle, Semitrailer Tractor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Real Estate Development, Infrastructre Construction, Freight Market, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IVECO
- KANAZ
- MAN
- Navistar International
- Paccar
- Scania
- Tata Motors
- Volvo Trucks
- Isuzu
- Daimler Trucks
- IVECO
- Chinese Manufacturers
- Ashok Leyland
Highlights of The Heavy-Duty Truck Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Complete Vehicle
- Incomplete Vehicle
- Semitrailer Tractor
- By Application:
- Real Estate Development
- Infrastructre Construction
- Freight Market
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heavy-Duty Truck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Heavy-duty trucks are typically larger and more powerful than regular passenger cars. They're used for transporting goods, materials, or people.
Some of the major companies in the heavy-duty truck market are IVECO, KANAZ, MAN, Navistar International, Paccar, Scania, Tata Motors, Volvo Trucks, Isuzu, Daimler Trucks, IVECO, Chinese Manufacturers, Ashok Leyland.
The heavy-duty truck market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heavy-Duty Truck Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Heavy-Duty Truck Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heavy-Duty Truck Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Heavy-Duty Truck Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Heavy-Duty Truck Market Size & Forecast, 2018-2028
4.5.1 Heavy-Duty Truck Market Size and Y-o-Y Growth
4.5.2 Heavy-Duty Truck Market Absolute $ Opportunity
Chapter 5 Global Heavy-Duty Truck Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Heavy-Duty Truck Market Size Forecast by Type
5.2.1 Complete Vehicle
5.2.2 Incomplete Vehicle
5.2.3 Semitrailer Tractor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Heavy-Duty Truck Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Heavy-Duty Truck Market Size Forecast by Applications
6.2.1 Real Estate Development
6.2.2 Infrastructre Construction
6.2.3 Freight Market
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heavy-Duty Truck Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Heavy-Duty Truck Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Heavy-Duty Truck Analysis and Forecast
9.1 Introduction
9.2 North America Heavy-Duty Truck Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Heavy-Duty Truck Market Size Forecast by Type
9.6.1 Complete Vehicle
9.6.2 Incomplete Vehicle
9.6.3 Semitrailer Tractor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Heavy-Duty Truck Market Size Forecast by Applications
9.10.1 Real Estate Development
9.10.2 Infrastructre Construction
9.10.3 Freight Market
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Heavy-Duty Truck Analysis and Forecast
10.1 Introduction
10.2 Europe Heavy-Duty Truck Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Heavy-Duty Truck Market Size Forecast by Type
10.6.1 Complete Vehicle
10.6.2 Incomplete Vehicle
10.6.3 Semitrailer Tractor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Heavy-Duty Truck Market Size Forecast by Applications
10.10.1 Real Estate Development
10.10.2 Infrastructre Construction
10.10.3 Freight Market
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Heavy-Duty Truck Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Heavy-Duty Truck Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Heavy-Duty Truck Market Size Forecast by Type
11.6.1 Complete Vehicle
11.6.2 Incomplete Vehicle
11.6.3 Semitrailer Tractor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Heavy-Duty Truck Market Size Forecast by Applications
11.10.1 Real Estate Development
11.10.2 Infrastructre Construction
11.10.3 Freight Market
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Heavy-Duty Truck Analysis and Forecast
12.1 Introduction
12.2 Latin America Heavy-Duty Truck Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Heavy-Duty Truck Market Size Forecast by Type
12.6.1 Complete Vehicle
12.6.2 Incomplete Vehicle
12.6.3 Semitrailer Tractor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Heavy-Duty Truck Market Size Forecast by Applications
12.10.1 Real Estate Development
12.10.2 Infrastructre Construction
12.10.3 Freight Market
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Heavy-Duty Truck Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Heavy-Duty Truck Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Heavy-Duty Truck Market Size Forecast by Type
13.6.1 Complete Vehicle
13.6.2 Incomplete Vehicle
13.6.3 Semitrailer Tractor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Heavy-Duty Truck Market Size Forecast by Applications
13.10.1 Real Estate Development
13.10.2 Infrastructre Construction
13.10.3 Freight Market
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Heavy-Duty Truck Market: Competitive Dashboard
14.2 Global Heavy-Duty Truck Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IVECO
14.3.2 KANAZ
14.3.3 MAN
14.3.4 Navistar International
14.3.5 Paccar
14.3.6 Scania
14.3.7 Tata Motors
14.3.8 Volvo Trucks
14.3.9 Isuzu
14.3.10 Daimler Trucks
14.3.11 IVECO
14.3.12 Chinese Manufacturers
14.3.13 Ashok Leyland
