The global heavy duty trucks market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030. The market is driven by factors such as increasing demand for heavy duty trucks in developing countries and rising demand for construction equipment in developed countries.
Dump Trucks: Dump trucks are used for transporting loose materials such as sand, gravel, and dirt from one place to another. They are also used in mining operations where they are used to transport ore from the mine face to the processing plant or crusher. The dump truck segment accounted for over 50% of the total revenue share in 2017 and is expected to maintain its dominance throughout the forecast period due to its wide application across various industries including construction, mining, agriculture etc, which will drive growth of this segment during the forecast period.
TractoTrailers: TractoTrailers are designed with a low-profile chassis that can be loaded with cargo on both sides of it and towed by a tractor unit or truck unit without any need for an additional trailer unit behind it. This type of vehicle has been gaining popularity among customers due to their ability to carry more cargo than other types of trailers while being able to tow them without any additional trailer units behind them which reduces operational costs associated with transportation activities like fuel consumption etc, thereby driving growth of this segment during the forecast period Tank Trucks: Tank trucks are designed specifically for transporting liquids such as oil products, chemicals etc, from one place or another without spilling their contents on roadsides or other areas along their route which makes them popular among customers who require safe transportation methods that do not contaminate surrounding areas along their route which will drive growth of this segment during the forecast period.
Some Of The Growth Factors Of This Market:
- Increasing demand for trucks in emerging economies such as China and India is also driving the growth of the heavy-duty truck market .
- The increasing use of trucks in logistics operations has led to an increase in freight transportation volumes, which has increased demand for heavy duty trucks globally over the past few years.
Industry Growth Insights published a new data on “Heavy-duty Trucks Market”. The research report is titled “Heavy-duty Trucks Market research by Types (Dump Trucks, Tractor-Trailers, Tank Trucks, And Haul Trucks), By Applications (Building, Mining, Agricultural, Other), By Players/Companies Daimler Trucks, MAN, PACCAR, Scania, Volvo Trucks, Ashok Leyland, FAW Group Corporation, ISUZU MOTORS, Iveco, Mack Trucks, Scania, Tata Motors”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy-duty Trucks Market Research Report
By Type
Dump Trucks, Tractor-Trailers, Tank Trucks, And Haul Trucks
By Application
Building, Mining, Agricultural, Other
By Companies
Daimler Trucks, MAN, PACCAR, Scania, Volvo Trucks, Ashok Leyland, FAW Group Corporation, ISUZU MOTORS, Iveco, Mack Trucks, Scania, Tata Motors
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 Trucks Market Report Segments:
The global Heavy-duty Trucks market is segmented on the basis of:
Types
Dump Trucks, Tractor-Trailers, Tank Trucks, And Haul Trucks
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
Building, Mining, Agricultural, 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:
- Daimler Trucks
- MAN
- PACCAR
- Scania
- Volvo Trucks
- Ashok Leyland
- FAW Group Corporation
- ISUZU MOTORS
- Iveco
- Mack Trucks
- Scania
- Tata Motors
Highlights of The Heavy-duty Trucks 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:
- Dump Trucks
- Tractor-Trailers
- Tank Trucks
- And Haul Trucks
- By Application:
- Building
- Mining
- Agricultural
- 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 Trucks 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 trucks. They're designed to transport heavier loads, including construction materials, goods, and equipment.
Some of the key players operating in the heavy-duty trucks market are Daimler Trucks, MAN, PACCAR, Scania, Volvo Trucks, Ashok Leyland, FAW Group Corporation, ISUZU MOTORS, Iveco, Mack Trucks, Scania, Tata Motors.
The heavy-duty trucks market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heavy-duty Trucks 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 Trucks 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 Trucks Market - Supply Chain
4.5. Global Heavy-duty Trucks Market Forecast
4.5.1. Heavy-duty Trucks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heavy-duty Trucks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heavy-duty Trucks Market Absolute $ Opportunity
5. Global Heavy-duty Trucks 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 Trucks Market Size and Volume Forecast by Type
5.3.1. Dump Trucks
5.3.2. Tractor-Trailers
5.3.3. Tank Trucks
5.3.4. And Haul Trucks
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heavy-duty Trucks 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 Trucks Market Size and Volume Forecast by Application
6.3.1. Building
6.3.2. Mining
6.3.3. Agricultural
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heavy-duty Trucks 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 Trucks 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 Trucks 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 Trucks 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 Trucks Demand Share Forecast, 2019-2029
9. North America Heavy-duty Trucks 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 Trucks 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 Trucks Market Size and Volume Forecast by Application
9.4.1. Building
9.4.2. Mining
9.4.3. Agricultural
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 Trucks Market Size and Volume Forecast by Type
9.7.1. Dump Trucks
9.7.2. Tractor-Trailers
9.7.3. Tank Trucks
9.7.4. And Haul Trucks
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 Trucks Demand Share Forecast, 2019-2029
10. Latin America Heavy-duty Trucks 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 Trucks 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 Trucks Market Size and Volume Forecast by Application
10.4.1. Building
10.4.2. Mining
10.4.3. Agricultural
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 Trucks Market Size and Volume Forecast by Type
10.7.1. Dump Trucks
10.7.2. Tractor-Trailers
10.7.3. Tank Trucks
10.7.4. And Haul Trucks
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 Trucks Demand Share Forecast, 2019-2029
11. Europe Heavy-duty Trucks 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 Trucks 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 Trucks Market Size and Volume Forecast by Application
11.4.1. Building
11.4.2. Mining
11.4.3. Agricultural
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 Trucks Market Size and Volume Forecast by Type
11.7.1. Dump Trucks
11.7.2. Tractor-Trailers
11.7.3. Tank Trucks
11.7.4. And Haul Trucks
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 Trucks Demand Share, 2019-2029
12. Asia Pacific Heavy-duty Trucks 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 Trucks 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 Trucks Market Size and Volume Forecast by Application
12.4.1. Building
12.4.2. Mining
12.4.3. Agricultural
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 Trucks Market Size and Volume Forecast by Type
12.7.1. Dump Trucks
12.7.2. Tractor-Trailers
12.7.3. Tank Trucks
12.7.4. And Haul Trucks
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 Trucks Demand Share, 2019-2029
13. Middle East & Africa Heavy-duty Trucks 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 Trucks 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 Trucks Market Size and Volume Forecast by Application
13.4.1. Building
13.4.2. Mining
13.4.3. Agricultural
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 Trucks Market Size and Volume Forecast by Type
13.7.1. Dump Trucks
13.7.2. Tractor-Trailers
13.7.3. Tank Trucks
13.7.4. And Haul Trucks
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 Trucks Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Heavy-duty Trucks Market: Market Share Analysis
14.2. Heavy-duty Trucks Distributors and Customers
14.3. Heavy-duty Trucks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Daimler Trucks
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MAN
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. PACCAR
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Scania
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Volvo Trucks
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ashok Leyland
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FAW Group Corporation
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 MOTORS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Iveco
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mack Trucks
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Scania
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tata Motors
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
