Heavy Duty Trucks Global Market Report 2024

Global Heavy Duty Trucks Market Report 2024

Heavy Duty Trucks Global Market Report 2024 – By Truck Type (Rigid, Articulated), By Propulsion (IC Engine, Electric, FCEV), By Application (Construction And Mining, Freight And logistics) – Market Size, Trends, And Global Forecast 2024-2033

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Heavy Duty Trucks Global Market Report 2024

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Heavy Duty Trucks Market Definition

Heavy-duty trucks refer to heavy commercial vehicles that usually carry the load by themselves, without a trailer. These trucks, having a gross vehicle weight of around 15,000 kg or more, are designed to transport heavy equipment, construction materials, and minerals.

The main types of heavy-duty trucks are rigid and articulated. A rigid truck refers to a type of truck where the cab and the body rest on the same fixed chassis. Various types of propulsions are included, such as IC engines, electric vehicles, and FCEVs, which are used for several applications, including construction and mining and freight and logistics.

Heavy Duty Trucks Market Segmentation

The heavy duty trucks market covered in this report is segmented –

1) By Truck Type: Rigid, Articulated

2) By Propulsion: IC Engine, Electric, FCEV

3) By Application: Construction And Mining, Freight And logistics

Global Heavy Duty Trucks Market Size 2023 to 2028: Graph

Heavy Duty Trucks Market Size 2024 And Growth Rate

The heavy duty trucks market size has grown strongly in recent years. It will grow from $215.54 billion in 2023 to $229.16 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to growing industrial operations, increasing freight demand, rising pollution standards, advancements in vehicle safety, end-user demand.

Heavy Duty Trucks Market Growth Forecast

The heavy duty trucks market size is expected to see strong growth in the next few years. It will grow to $278.6 billion in 2028 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to growing demand for powerful vehicles, intensifying product demand in specific sectors, expansion of domestic and foreign trade, stringent emission regulations, rise in purchasing power. Major trends in the forecast period include electrification surge, telematics and connectivity, weight reduction technologies, last-mile delivery solutions, predictive maintenance.

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Heavy Duty Trucks Market Driver: Heavy-Duty Trucks Market Thrives On Surge In Infrastructure Development And Construction Activities

The increase in infrastructure development and construction is expected to propel the growth of the heavy-duty truck market going forward. Infrastructure development and construction refers to the planning, financing, and building of basic physical systems that support a community or society. Heavy-duty trucks are used in infrastructure development and construction to facilitate the transportation of materials, equipment, and goods essential for building projects, providing large cargo capacity and long-distance capabilities. For instance, in November 2023, according to the Office for National Statistics, a UK-based government department, the value of construction in Great Britain in 2022 increased by 15.8% to a record high of $168,236 (£132,989) million, and annual new orders in 2022 increased 11.4% to a record high value of $102,261 (£80,837) million. Further, the main contributors were private infrastructure, private commercial, and other public non-housing, which increased by 85.1%, 10.2%, and 17.5%, respectively. Therefore, an increase in infrastructure development and construction is driving the growth of the heavy-duty truck market.

Global Heavy Duty Trucks Market Major Players

Major companies operating in the heavy duty trucks market report are Toyota Motor Corporation, Fait Chrysler Automobile, Mercedes-Benz Group, Ford Motor Company, General Motors, Nissan Motor Co., Ltd., Volvo AB, Traton Group, Tata Motors Limited, Paccar Inc., Peterbilt, Scania AB, Mahindra & Mahindra Limited, Isuzu Motors Limited, Dongfeng Motor Group, MAN.SE, Hino Motors Ltd., Oshkosh Corporation, Mitsubishi Fuso Truck and Bus Corporation, Eicher Motors Ltd, Ashok Leyland, Mack Trucks, Western Star Trucks, Inc., Navistar International Corporation

Global Heavy Duty Trucks Market Trend: Increasing Focus On Hydrogen-Powered Heavy-Duty Trucks Leveraging Cutting-Edge Technologies

Major companies operating in the heavy-duty trucks market are developing technological advancements, such as hydrogen-powered trucks with hydrogen ICE (internal combustion engine) technology, to strengthen their position in the market. Hydrogen-powered trucks offer promising and sustainable solutions for the heavy-duty trucks market, addressing environmental concerns, providing operational advantages, and contributing to the industry's long-term viability. For instance, in February 2023, Ashok Leyland, an India-based automotive manufacturer, in partnership with Reliance Industries Limited, an India-based conglomerate company, launched the H2-ICE heavy-duty truck range (19–35 ton) powered by hydrogen, a clean and renewable energy source. The vehicle's architecture resembles a conventional diesel engine, allowing for a cost-effective transition to cleaner energy. This hydrogen technology solution is expected to revolutionize the field of green mobility by producing almost zero emissions, performing at a level with traditional diesel trucks, reducing noise, and saving operating expenses.

Heavy Duty Trucks Market Merger And Acquisition: Alamo Group Expands Portfolio With Acquisition Of Royal Truck & Equipment

In October 2023, Alamo Group Inc., a US-based manufacturer of agricultural equipment and infrastructure maintenance equipment, acquired Royal Truck & Equipment Inc. for an undisclosed amount. This acquisition is expected to strengthen Alamo's position in the infrastructure maintenance sector and create new growth opportunities in the highway safety market. Royal Truck & Equipment Inc. is a US-based manufacturer of heavy-duty trucks.

Regional Insights For The Global Heavy Duty Trucks Market

North America was the largest region in the heavy duty trucks market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heavy duty trucks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the heavy duty trucks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The heavy duty trucks market consists of sales of cement trucks, dump trucks, long-haul tractor-trailers, Class 7 and Class 8 Trucks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The heavy duty trucks market research report is one of a series of new reports from The Business Research Company that provides heavy duty trucks market statistics, including heavy duty trucks industry global market size, regional shares, competitors with a heavy duty trucks market share, detailed heavy duty trucks market segments, market trends and opportunities, and any further data you may need to thrive in the heavy duty trucks industry. This heavy duty trucks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Heavy Duty Trucks Market Report Forecast and Analysis

Report Attribute	Details
Market Size Value In 2024	$229.16 billion
Revenue Forecast In 2033	$278.6 billion
Growth Rate	CAGR of 5% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Truck Type: Rigid, Articulated 2) By Propulsion: IC Engine, Electric, FCEV 3) By Application: Construction And Mining, Freight And logistics
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Toyota Motor Corporation; Fait Chrysler Automobile; Mercedes-Benz Group; Ford Motor Company; General Motors; Nissan Motor Co., Ltd.; Volvo AB; Traton Group; Tata Motors Limited; Paccar Inc.; Peterbilt; Scania AB; Mahindra & Mahindra Limited; Isuzu Motors Limited; Dongfeng Motor Group; MAN.SE; Hino Motors Ltd.; Oshkosh Corporation; Mitsubishi Fuso Truck and Bus Corporation; Eicher Motors Ltd; Ashok Leyland; Mack Trucks; Western Star Trucks, Inc.; Navistar International Corporation
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Heavy Duty Trucks Market Characteristics

3. Heavy Duty Trucks Market Trends And Strategies

4. Heavy Duty Trucks Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Heavy Duty Trucks Market Size and Growth

5.1. Global Heavy Duty Trucks Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Heavy Duty Trucks Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Heavy Duty Trucks Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Heavy Duty Trucks Market Segmentation

6.1. Global Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Rigid

Articulated

6.2. Global Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

IC Engine

Electric

Fuel Cell Electric Vehicle (FCEV)

6.3. Global Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Construction And Mining

Freight And logistics

7. Heavy Duty Trucks Market Regional And Country Analysis

7.1. Global Heavy Duty Trucks Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Heavy Duty Trucks Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Heavy Duty Trucks Market

8.1. Asia-Pacific Heavy Duty Trucks Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Heavy Duty Trucks Market

9.1. China Heavy Duty Trucks Market Overview

9.2. China Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Heavy Duty Trucks Market

10.1. India Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Heavy Duty Trucks Market

11.1. Japan Heavy Duty Trucks Market Overview

11.2. Japan Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Heavy Duty Trucks Market

12.1. Australia Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Heavy Duty Trucks Market

13.1. Indonesia Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Heavy Duty Trucks Market

14.1. South Korea Heavy Duty Trucks Market Overview

14.2. South Korea Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Heavy Duty Trucks Market

15.1. Western Europe Heavy Duty Trucks Market Overview

15.2. Western Europe Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Heavy Duty Trucks Market

16.1. UK Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Heavy Duty Trucks Market

17.1. Germany Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Heavy Duty Trucks Market

18.1. France Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Heavy Duty Trucks Market

19.1. Italy Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Heavy Duty Trucks Market

20.1. Spain Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Heavy Duty Trucks Market

21.1. Eastern Europe Heavy Duty Trucks Market Overview

21.2. Eastern Europe Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Heavy Duty Trucks Market

22.1. Russia Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Heavy Duty Trucks Market

23.1. North America Heavy Duty Trucks Market Overview

23.2. North America Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Heavy Duty Trucks Market

24.1. USA Heavy Duty Trucks Market Overview

24.2. USA Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Heavy Duty Trucks Market

25.1. Canada Heavy Duty Trucks Market Overview

25.2. Canada Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Heavy Duty Trucks Market

26.1. South America Heavy Duty Trucks Market Overview

26.2. South America Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Heavy Duty Trucks Market

27.1. Brazil Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Heavy Duty Trucks Market

28.1. Middle East Heavy Duty Trucks Market Overview

28.2. Middle East Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Heavy Duty Trucks Market

29.1. Africa Heavy Duty Trucks Market Overview

29.2. Africa Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Heavy Duty Trucks Market Competitive Landscape And Company Profiles

30.1. Heavy Duty Trucks Market Competitive Landscape

30.2. Heavy Duty Trucks Market Company Profiles

30.2.1. Toyota Motor Corporation

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Fait Chrysler Automobile

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Mercedes-Benz Group

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Ford Motor Company

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. General Motors

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Heavy Duty Trucks Market Other Major And Innovative Companies

31.1. Nissan Motor Co., Ltd.

31.2. Volvo AB

31.3. Traton Group

31.4. Tata Motors Limited

31.5. Paccar Inc.

31.6. Peterbilt

31.7. Scania AB

31.8. Mahindra & Mahindra Limited

31.9. Isuzu Motors Limited

31.10. Dongfeng Motor Group

31.11. MAN.SE

31.12. Hino Motors Ltd.

31.13. Oshkosh Corporation

31.14. Mitsubishi Fuso Truck and Bus Corporation

31.15. Eicher Motors Ltd

32. Global Heavy Duty Trucks Market Competitive Benchmarking

33. Global Heavy Duty Trucks Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Heavy Duty Trucks Market

35. Heavy Duty Trucks Market Future Outlook and Potential Analysis

35.1 Heavy Duty Trucks Market In 2028 - Countries Offering Most New Opportunities

35.2 Heavy Duty Trucks Market In 2028 - Segments Offering Most New Opportunities

35.3 Heavy Duty Trucks Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Heavy Duty Trucks Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Heavy Duty Trucks Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Toyota Motor Corporation Financial Performance

Table 75: Fait Chrysler Automobile Financial Performance

Table 76: Mercedes-Benz Group Financial Performance

Table 77: Ford Motor Company Financial Performance

Table 78: General Motors Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Heavy Duty Trucks Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Heavy Duty Trucks Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Heavy Duty Trucks Market, Segmentation By Truck Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Heavy Duty Trucks Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Heavy Duty Trucks Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Toyota Motor Corporation Financial Performance

Figure 75: Fait Chrysler Automobile Financial Performance

Figure 76: Mercedes-Benz Group Financial Performance

Figure 77: Ford Motor Company Financial Performance

Figure 78: General Motors Financial Performance

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Frequently Asked Questions

What is the definition of the heavy duty trucks market?

How will the heavy duty trucks market drivers and restraints affect the heavy duty trucks market dynamics? What forces will shape the heavy duty trucks industry going forward?

The heavy duty trucks market major growth driver - Heavy-Duty Trucks Market Thrives On Surge In Infrastructure Development And Construction Activities. For further insights on the heavy duty trucks market, request a sample here

What is the forecast market size or the forecast market value of the heavy duty trucks market?

The heavy duty trucks market size has grown strongly in recent years. It will grow from $215.54 billion in 2023 to $229.16 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to growing industrial operations, increasing freight demand, rising pollution standards, advancements in vehicle safety, end-user demand. The heavy duty trucks market size is expected to see strong growth in the next few years. It will grow to $278.6 billion in 2028 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to growing demand for powerful vehicles, intensifying product demand in specific sectors, expansion of domestic and foreign trade, stringent emission regulations, rise in purchasing power. Major trends in the forecast period include electrification surge, telematics and connectivity, weight reduction technologies, last-mile delivery solutions, predictive maintenance. For further insights on the heavy duty trucks market, request a sample here

How is the heavy duty trucks market segmented?

The heavy duty trucks market is segmented
1) By Truck Type: Rigid, Articulated
2) By Propulsion: IC Engine, Electric, FCEV
3) By Application: Construction And Mining, Freight And logisticsFor further insights on the heavy duty trucks market, request a sample here

Which region has the largest share of the heavy duty trucks market? What are the other regions covered in the report?

North America was the largest region in the heavy duty trucks market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heavy duty trucks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the heavy duty trucks market, request a sample here.

Who are the major players in the heavy duty trucks market?

What are the key trends in the heavy duty trucks market?

Major trend in the heavy duty trucks market - Increasing Focus On Hydrogen-Powered Heavy-Duty Trucks Leveraging Cutting-Edge Technologies. For further insights on the heavy duty trucks market, request a sample here.

What are the major opportunities in the heavy duty trucks market? What are the strategies for the heavy duty trucks market?

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How does the heavy duty trucks market relate to the overall economy and other similar markets?

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What are the latest mergers and acquisitions in the heavy duty trucks industry?

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What are the key dynamics influencing the heavy duty trucks market growth? SWOT analysis of the heavy duty trucks market.

For detailed insights on the key dynamics influencing the heavy duty trucks market growth and SWOT analysis of the heavy duty trucks industry, request a sample here.