Market Overview:
The global heavy duty truck market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for commercial vehicles for freight and logistics applications, rising income levels in developing countries, and technological advancements in heavy-duty trucks. The complete vehicle segment is expected to hold the largest share of the global heavy duty truck market during the forecast period. This can be attributed to the growing demand for semitrailers and trailers for freight transportation applications across regions. The infrastructure construction application segment is projected to grow at a highest CAGR during the forecast period owing to increasing investments in infrastructure development projects across regions.
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Product Definition:
A heavy-duty truck is a vehicle that is designed to carry and haul heavy loads. These trucks are typically larger and more powerful than light-duty trucks, and they are often used for commercial purposes. Heavy-duty trucks can be used for a variety of tasks, including delivering goods, transporting passengers, or hauling cargo. They are an important part of the transportation infrastructure, and they play a key role in the economy.
Complete Vehicle:
Complete vehicle consists of tires, wheels, engine/drivetrain and body. Complete vehicles are used in various end-use industries such as agriculture, construction & mining. Complete heavy trucks are also known as semi-trailers or trailers and can be used to transport different goods such as metal equipment, chemicals or food items. The complete HD truck market is expected to witness significant growth over the forecast period owing to increasing demand for transportation of goods from manufacturer’s warehouse to retail stores etc.
Incomplete Vehicle:
Incomplete vehicle is a term used for a vehicle that has been manufactured but some components are still missing. The incomplete vehicles are mainly used in the heavy-duty truck (HD) market. These vehicles have several benefits over the complete ones, which increases their demand in this market. Some of the benefits include lower cost, better fuel efficiency and performance, and ease of development among others.
Application Insights:
The other application segment includes the use of heavy-duty trucks for personal and commercial transportation, construction, agriculture and others. The estate segment held the largest share in 2017. This is attributed to growing demand from countries such as Saudi Arabia, U.A.E., Russia and India for transporting goods from warehouses to stores or customers¢â‚¬â„¢ homes within a short time span.
The freight market is anticipated to be the fastest-growing application over the forecast period owing to increasing demand for heavy-duty trucks from various industries including mining, energy.
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 countries such as India, China, and Indonesia. Moreover, rising investments by governments for improving road infrastructure are anticipated to fuel product demand over the next eight years.
Growth Factors:
- Increasing demand for goods transportation: The growth of global trade and the increasing demand for goods transportation are the key drivers for the HD truck market. The rising disposable income of consumers in developing countries is also fuelling the demand for goods transportation, which is benefiting the HD truck market.
- Proliferation of e-commerce: The growth of e-commerce is another major driver for the HD truck market as it leads to an increase in freight traffic and delivery volumes. This is because online retailers need to deliver products quickly and cost-effectively to their customers, which can be only achieved through efficient transport solutions such as HD trucks.
- Stringent emission norms: Stringent emission norms are resulting in a shift towards more fuel-efficient trucks, thereby providing a boost to the HD truck market. For instance, Euro VI emissions standards that came into effect from January 1, 2017 mandate that all new heavy commercial vehicles sold in Europe must meet stringent emissions requirements. This is encouraging fleet operators and Original Equipment Manufacturers (OEMs) to invest in more fuel-efficient trucks, thereby benefittingtheHDtruckmarketgrowth prospects .
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy Duty (HD) Truck Market Research Report
By Type
Complete Vehicle, Incomplete Vehicle, Semitrailer
By Application
Estate, Infrastructre Construction, Freight Market, Other
By Companies
Kamaz, Sinotruck, Scania, Shaanxi Automobile, Ganja Auto Plant, Dongfeng, GAZ, ISUZU, KRAZ, Volvo, Man, Renault, JAC
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Heavy Duty (HD) Truck Market Report Segments:
The global Heavy Duty (HD) Truck market is segmented on the basis of:
Types
Complete Vehicle, Incomplete Vehicle, Semitrailer
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
Estate, Infrastructre Construction, Freight Market, Other
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:
- Kamaz
- Sinotruck
- Scania
- Shaanxi Automobile
- Ganja Auto Plant
- Dongfeng
- GAZ
- ISUZU
- KRAZ
- Volvo
- Man
- Renault
- JAC
 Truck Market Overview.svg)
Highlights of The Heavy Duty (HD) 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
- By Application:
- Estate
- Infrastructre Construction
- Freight Market
- Other
- 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 (HD) 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
 Truck Market Statistics.svg)
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 designed for commercial and industrial use. They typically have a higher payload capacity and can withstand more abuse than regular trucks.
Some of the major players in the heavy duty (hd) truck market are Kamaz, Sinotruck, Scania, Shaanxi Automobile, Ganja Auto Plant, Dongfeng, GAZ, ISUZU, KRAZ, Volvo, Man, Renault, JAC.
The heavy duty (hd) truck market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heavy Duty (HD) Truck Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Heavy Duty (HD) Truck Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heavy Duty (HD) Truck Market - Supply Chain
4.5. Global Heavy Duty (HD) Truck Market Forecast
4.5.1. Heavy Duty (HD) Truck Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heavy Duty (HD) Truck Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heavy Duty (HD) Truck Market Absolute $ Opportunity
5. Global Heavy Duty (HD) Truck Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Heavy Duty (HD) Truck Market Size and Volume Forecast by Type
5.3.1. Complete Vehicle
5.3.2. Incomplete Vehicle
5.3.3. Semitrailer
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heavy Duty (HD) Truck Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Heavy Duty (HD) Truck Market Size and Volume Forecast by Application
6.3.1. Estate
6.3.2. Infrastructre Construction
6.3.3. Freight Market
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heavy Duty (HD) Truck Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Heavy Duty (HD) Truck Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Heavy Duty (HD) Truck Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Heavy Duty (HD) Truck Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Heavy Duty (HD) Truck Demand Share Forecast, 2019-2026
9. North America Heavy Duty (HD) Truck Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Heavy Duty (HD) Truck Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Heavy Duty (HD) Truck Market Size and Volume Forecast by Application
9.4.1. Estate
9.4.2. Infrastructre Construction
9.4.3. Freight Market
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heavy Duty (HD) Truck Market Size and Volume Forecast by Type
9.7.1. Complete Vehicle
9.7.2. Incomplete Vehicle
9.7.3. Semitrailer
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Heavy Duty (HD) Truck Demand Share Forecast, 2019-2026
10. Latin America Heavy Duty (HD) Truck Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Heavy Duty (HD) Truck Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Heavy Duty (HD) Truck Market Size and Volume Forecast by Application
10.4.1. Estate
10.4.2. Infrastructre Construction
10.4.3. Freight Market
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heavy Duty (HD) Truck Market Size and Volume Forecast by Type
10.7.1. Complete Vehicle
10.7.2. Incomplete Vehicle
10.7.3. Semitrailer
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Heavy Duty (HD) Truck Demand Share Forecast, 2019-2026
11. Europe Heavy Duty (HD) Truck Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Heavy Duty (HD) Truck Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Heavy Duty (HD) Truck Market Size and Volume Forecast by Application
11.4.1. Estate
11.4.2. Infrastructre Construction
11.4.3. Freight Market
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heavy Duty (HD) Truck Market Size and Volume Forecast by Type
11.7.1. Complete Vehicle
11.7.2. Incomplete Vehicle
11.7.3. Semitrailer
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Heavy Duty (HD) Truck Demand Share, 2019-2026
12. Asia Pacific Heavy Duty (HD) Truck Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Heavy Duty (HD) Truck Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Heavy Duty (HD) Truck Market Size and Volume Forecast by Application
12.4.1. Estate
12.4.2. Infrastructre Construction
12.4.3. Freight Market
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heavy Duty (HD) Truck Market Size and Volume Forecast by Type
12.7.1. Complete Vehicle
12.7.2. Incomplete Vehicle
12.7.3. Semitrailer
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Heavy Duty (HD) Truck Demand Share, 2019-2026
13. Middle East & Africa Heavy Duty (HD) Truck Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Heavy Duty (HD) Truck Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Heavy Duty (HD) Truck Market Size and Volume Forecast by Application
13.4.1. Estate
13.4.2. Infrastructre Construction
13.4.3. Freight Market
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heavy Duty (HD) Truck Market Size and Volume Forecast by Type
13.7.1. Complete Vehicle
13.7.2. Incomplete Vehicle
13.7.3. Semitrailer
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Heavy Duty (HD) Truck Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heavy Duty (HD) Truck Market: Market Share Analysis
14.2. Heavy Duty (HD) Truck Distributors and Customers
14.3. Heavy Duty (HD) Truck Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kamaz
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sinotruck
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Scania
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shaanxi Automobile
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ganja Auto Plant
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dongfeng
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GAZ
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ISUZU
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KRAZ
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Volvo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Man
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Renault
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. JAC
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
