Automobiles and Heavy Equipment Market Report 2026

The automobiles and heavy equipment market size has grown strongly in recent years. It will grow from $374.79 billion in 2025 to $404.92 billion in 2026 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to growth in construction and mining activities, expansion of commercial vehicle fleets, rising demand for equipment transportation services, increasing reliance on outsourced fleet services, availability of heavy-duty transport vehicles.

The automobiles and heavy equipment market size is expected to see strong growth in the next few years. It will grow to $563.82 billion in 2030 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to increasing adoption of autonomous fleet technologies, rising investments in electric heavy-duty vehicles, expansion of data-driven fleet optimization, growing focus on emission reduction in transport operations, increasing demand for end-to-end fleet management solutions. Major trends in the forecast period include increasing adoption of fleet telematics solutions, rising demand for high-payload transportation vehicles, growing use of predictive maintenance services, expansion of integrated fleet management platforms, enhanced focus on operational efficiency and safety.

The growing demand for autonomous transportation is expected to drive the growth of the automobile and heavy equipment trucking markets over the forecast period. An autonomous vehicle utilises a fully automated driving system to enable it to react to external conditions that a human driver would handle. For instance, in February 2024, according to G2.com Inc., a US- corporation specializing in information technology and the internet, 800,000 units of driverless cars are anticipated to be produced worldwide between 2023 and 2030. Therefore, the growing demand for autonomous transportation drives the growth of the automobile and heavy equipment trucking markets.

Major companies operating in the automobile and heavy equipment trucking market are focusing on developing innovative technological solutions, such as Revamped heavy-duty trucks, to better meet consumer demands and improve operational efficiency. Revamped heavy-duty trucks are upgraded vehicles that feature enhanced performance, improved fuel efficiency, advanced safety systems, and modern technology to better meet the evolving demands of industries such as construction and logistics. For instance, in November 2023, Eicher Motors Limited, an India-based automotive company, introduced the Non-Stop Series, a new line of heavy-duty trucks specifically designed for long-haul transportation in India. This series features four models, including the Eicher Pro 6019XPT, Eicher Pro 6048XP, Eicher Pro 6055XP, and Eicher Pro 6055XP 4x2, all powered by robust VEDX engines that improve performance and torque. Aimed at meeting the demands of the construction and infrastructure industries, these trucks are equipped with state-of-the-art connectivity solutions, including an Uptime Center for predictive diagnostics, which helps ensure minimal downtime.

In September 2024, JLG Industries, Inc., a US-based D designer, manufacturer, and marketer of access equipment, acquired AUSACORP S.L. for an undisclosed amount. Through this acquisition, JLG Industries aims to enhance JLG's telehandlers and compact all-terrain machinery offerings, strengthen its position in construction and material handling markets, and accelerate growth into specialty sectors like agriculture and landscaping through AUSA's innovative products and dealer network. AUSACORP S.L., a Spain-based company specializing in the design, manufacturing, and sale of compact all-terrain industrial vehicles.

Major companies operating in the automobiles and heavy equipment market are American Rail Center Logistics, CEVA Logistics, DHL, FedEx Corporation, United Parcel Service Inc., Schneider National Inc., C.H. Robinson, J.B. Hunt Transport Services Inc., Volvo Group, Isuzu Motors Limited, Scania AB, PACCAR Inc., Navistar Inc., CNH Industrial NV, Caterpillar Inc., Komatsu Ltd., Deere and Company, Hitachi Construction Machinery Co. Ltd., Liebherr Group, Terex Corporation, Manitowoc Company Inc.

Asia-Pacific was the largest region in the automobiles and heavy equipment market in 2025. North America was the second largest region in the automobiles and heavy equipment market. The regions covered in the automobiles and heavy equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automobiles and heavy equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automobile and heavy equipment trucking market includes revenues earned by entities by providing transportation services for the movement of heavy goods such as automotive engines and related parts and construction materials. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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.

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