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Heavy Trucks Global Market Opportunities and Strategies to 2033

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    Report

  • 293 Pages
  • May 2024
  • Region: Global
  • The Business Research Company
  • ID: 5973939
This report describes and explains the heavy trucks market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global heavy trucks market reached a value of nearly $225.4 billion in 2023, having grown at a compound annual growth rate (CAGR) of 1.4% since 2018. The market is expected to grow from $225.4 billion in 2023 to $296.2 billion in 2028 at a rate of 5.6%. The market is then expected to grow at a CAGR of 4.9% from 2028 and reach $376.1 billion in 2033.

Growth in the historic period resulted from the surge in oil and gas exports, strong economic growth in emerging markets, increased production and consumption of chemicals and low interest rate environment. Factors that negatively affected growth in the historic period included fuel price volatility.

Going forward, the rising demand for raw materials from the manufacturing industries, rising urbanization, increase in trade and exports, rising regulations on vehicle emissions, growing demand for e-commerce will drive the market. Factors that could hinder the growth of the heavy trucks market in the future include disruptions in supply chain and increasing warehousing costs.

The heavy trucks market is segmented by type into class 3, class 4, class 5, class 6, class 7 and class 8. The class 8 market was the largest segment of the heavy trucks market segmented by type, accounting for 38.8% or $87.4 billion of the total in 2023. Going forward, the class 8 segment is expected to be the fastest growing segment in the heavy trucks market segmented by type, at a CAGR of 6.8% during 2023-2028.

The heavy trucks market is segmented by fuel into diesel, natural gas, hybrid electric and gasoline. The diesel market was the largest segment of the heavy trucks market segmented by fuel, accounting for 73.4% or $165.3 billion of the total in 2023. Going forward, the hybrid electric segment is expected to be the fastest growing segment in the heavy trucks market segmented by fuel, at a CAGR of 7.2% during 2023-2028.

The heavy trucks market is segmented by application into construction and mining, freight and logistics and other applications. The construction and mining market was the largest segment of the heavy trucks market segmented by application, accounting for 52.4% or $118 million of the total in 2023. Going forward, the freight and logistics segment is expected to be the fastest growing segment in the heavy trucks market segmented by application, at a CAGR of 6.2% during 2023-2028.

North America was the largest region in the heavy trucks market, accounting for 59.6% or $134.4 billion of the total in 2023. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the heavy trucks market will be South America and Africa, where growth will be at CAGRs of 8.6% and 7.7% respectively. These will be followed by the Middle East and North America, where the markets are expected to grow at CAGRs of 6.4% and 6.2% respectively.

The global heavy trucks market is concentrated, with a few large players dominating the market. The top ten competitors in the market made up 44.99% of the total market in 2022. Volvo Truck was the largest competitor with a 21.51% share of the market, followed by Hino Motors Ltd. with 20.22%, Tata Motors Limited with 1.60%, Volkswagen AG with 1.36%, PACCAR Inc. with 0.09%, Tesla Inc. with 0.07%, Daimler Truck Holding AG with 0.05%, Sinotruk Hong Kong Limited with 0.04%, Iveco Group N.V. with 0.03% and BYD Co. Ltd. with 0.01%.

The top opportunities in the heavy trucks market segmented by type will arise in the class 8 segment, which will gain $34.1 billion of global annual sales by 2028. The top opportunities in the heavy trucks market segmented by fuel will arise in the diesel segment, which will gain $51.4 billion of global annual sales by 2028. The top opportunities in the heavy trucks market segmented by application will arise in the construction and mining segment, which will gain $36.7 billion of global annual sales by 2028. The heavy trucks market size will gain the most in the USA at $42.4 billion.

Market-trend-based strategies for the heavy trucks market include increasing development of hydrogen refueling stations for heavy trucks, focus on adoption of natural gas powertrains, strategic collaborations to expand charging infrastructure for medium- and heavy-duty vehicles, increasing joint ventures to drive industry transformation, increasing strategic investments to lead the electric vehicle (EV) revolution, advancements in commercial vehicle telematics through advanced 5G modem and development of innovative telematics devices with AI-powered solutions.

Player-adopted strategies in the heavy trucks market include focus on strengthening business capabilities through new product launches and enhancing operational capabilities through strategic partnerships.

To take advantage of the opportunities, the analyst recommends heavy trucks companies to focus on natural gas powertrains integration, focus on electric vehicle investments, focus on advanced telematics solutions, increase focus on class 8 and class 7 segments, focus on natural gas and hybrid electric segments, expand in emerging markets, continue to focus on developed markets, focus on strategic collaborations, focus on joint ventures for charging infrastructure, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions and focus on construction and mining, and freight and logistics application segments.

Table of Contents

1 Executive Summary
1.1 Heavy Trucks - Market Attractiveness and Macro Economic Landscape
2 Table of Contents3 List of Tables4 List of Figures5 Report Structure
6 Market Characteristics
6.1 General Market Definition
6.2 Summary
6.3 Heavy Trucks Market Definition and Segmentations
6.4 Market Segmentation by Type
6.4.1 Class 3
6.4.2 Class 4
6.4.3 Class 5
6.4.4 Class 6
6.4.5 Class 7
6.4.6 Class 8
6.5 Market Segmentation by Fuel
6.5.1 Diesel
6.5.2 Natural Gas
6.5.3 Hybrid Electric
6.5.4 Gasoline
6.6 Market Segmentation by Application
6.6.1 Construction and Mining
6.6.2 Freight and Logistics
6.6.3 Other Applications
7 Major Market Trends
7.1 Increasing Development of Hydrogen Refueling Stations for Heavy Trucks
7.2 Focus on Adoption of Natural Gas Powertrains
7.3 Strategic Collaborations to Expand Charging Infrastructure for Medium- And Heavy-Duty Vehicles
7.4 Increasing Joint Ventures to Drive Industry Transformation
7.5 Increasing Strategic Investments to Lead the Electric Vehicle (EV) Revolution
7.6 Advancements in Commercial Vehicle Telematics Through Advanced 5G Modems
7.7 Development of Innovative Telematics Devices with AI-Powered Solutions
8 Heavy Trucks Market - Macro Economic Scenario
8.1 COVID-19 Impact on the Heavy Trucks Market
8.2 Impact of the War in Ukraine on the Heavy Trucks Market
8.3 Impact of High Inflation on the Heavy Trucks Market
9 Use of Hydrogen Fuel Cell in Heavy Trucks and Its Applications
10 Global Market Size and Growth
10.1 Market Size
10.2 Historic Market Growth, 2018-2023, Value ($ Million)
10.2.1 Market Drivers 2018-2023
10.2.2 Market Restraints 2018-2023
10.3 Forecast Market Growth, 2023-2028, 2033F Value ($ Million)
10.3.1 Market Drivers 2023-2028
10.3.2 Market Restraints 2023-2028
11 Global Heavy Trucks Market Segmentation
11.1 Global Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
11.2 Global Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
11.3 Global Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12 Heavy Trucks Market, Regional and Country Analysis
12.1 Global Heavy Trucks Market, by Region, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.2 Global Heavy Trucks Market, by Country, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13 Asia-Pacific Market
13.1 Summary
13.1.1 Market Overview
13.1.2 Region Information
13.1.3 Market Information
13.1.4 Background Information
13.1.5 Government Initiatives
13.1.6 Regulations
13.1.7 Regulatory Bodies
13.1.8 Major Associations
13.1.9 Taxes Levied
13.1.10 Corporate Tax Structure
13.1.11 Investments
13.1.12 Major Companies
13.2 Asia-Pacific Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.3 Asia-Pacific Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.4 Asia-Pacific Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.5 Asia-Pacific Heavy Trucks Market: Country Analysis
13.6 China Market
13.7 Summary
13.7.1 Market Overview
13.7.2 Country Information
13.7.3 Market Information
13.7.4 Background Information
13.7.5 Government Initiatives
13.7.6 Regulations
13.7.7 Regulatory Bodies
13.7.8 Major Associations
13.7.9 Taxes Levied
13.7.10 Corporate Tax Structure
13.7.11 Investments
13.7.12 Major Companies
13.8 China Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.9 China Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.10 China Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.11 India Market
13.12 India Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.13 India Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.14 India Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.15 Japan Market
13.16 Japan Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.17 Japan Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.18 Japan Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.19 Australia Market
13.20 Australia Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.21 Australia Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.22 Australia Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.23 Indonesia Market
13.24 Indonesia Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.25 Indonesia Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.26 Indonesia Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.27 South Korea Market
13.28 South Korea Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.29 South Korea Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.30 South Korea Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14 Western Europe Market
14.1 Summary
14.1.1 Market Overview
14.1.2 Region Information
14.1.3 Market Information
14.1.4 Background Information
14.1.5 Government Initiatives
14.1.6 Regulations
14.1.7 Regulatory Bodies
14.1.8 Major Associations
14.1.9 Taxes Levied
14.1.10 Corporate Tax Structure
14.1.11 Investments
14.1.12 Major Companies
14.2 Western Europe Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.3 Western Europe Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.4 Western Europe Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.5 Western Europe Heavy Trucks Market: Country Analysis
14.6 UK Market
14.7 UK Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.8 UK Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.9 UK Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.10 Germany Market
14.11 Germany Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.12 Germany Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.13 Germany Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.14 France Market
14.15 France Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.16 France Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.17 France Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.18 Italy Market
14.19 Italy Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.20 Italy Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.21 Italy Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.22 Spain Market
14.23 Spain Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.24 Spain Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.25 Spain Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15 Eastern Europe Market
15.1 Summary
15.1.1 Market Overview
15.1.2 Region Information
15.1.3 Market Information
15.1.4 Background Information
15.1.5 Government Initiatives
15.1.6 Regulations
15.1.7 Regulatory Bodies
15.1.8 Major Associations
15.1.9 Taxes Levied
15.1.10 Corporate Tax Structure
15.1.11 Investments
15.1.12 Major Companies
15.2 Eastern Europe Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.3 Eastern Europe Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.4 Eastern Europe Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.5 Eastern Europe Heavy Trucks Market: Country Analysis
15.6 Russia Market
15.7 Russia Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.8 Russia Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.9 Russia Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16 North America Market
16.1 Summary
16.1.1 Market Overview
16.1.2 Region Information
16.1.3 Market Information
16.1.4 Background Information
16.1.5 Government Initiatives
16.1.6 Regulations
16.1.7 Regulatory Bodies
16.1.8 Major Associations
16.1.9 Taxes Levied
16.1.10 Corporate Tax Structure
16.1.11 Investments
16.1.12 Major Companies
16.2 North America Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.3 North America Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.4 North America Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.5 North America Heavy Trucks Market: Country Analysis
16.6 USA Market
16.7 Summary
16.7.1 Market Overview
16.7.2 Country Information
16.7.3 Market Information
16.7.4 Background Information
16.7.5 Government Initiatives
16.7.6 Regulations
16.7.7 Regulatory Bodies
16.7.8 Major Associations
16.7.9 Taxes Levied
16.7.10 Corporate Tax Structure
16.7.11 Investments
16.7.12 Major Companies
16.8 USA Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.9 USA Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.10 USA Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.11 Canada Market
16.12 Canada Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.13 Canada Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.14 Canada Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17 South America Market
17.1 Summary
17.1.1 Market Overview
17.1.2 Region Information
17.1.3 Market Information
17.1.4 Background Information
17.1.5 Government Initiatives
17.1.6 Regulations
17.1.7 Regulatory Bodies
17.1.8 Major Associations
17.1.9 Taxes Levied
17.1.10 Corporate Tax Structure
17.1.11 Investments
17.1.12 Major Companies
17.2 South America Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.3 South America Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.4 South America Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.5 South America Heavy Trucks Market: Country Analysis
17.6 Brazil Market
17.7 Brazil Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.8 Brazil Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.9 Brazil Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18 Middle East Market
18.1 Summary
18.1.1 Market Overview
18.1.2 Region Information
18.1.3 Market Information
18.1.4 Background Information
18.1.5 Government Initiatives
18.1.6 Regulations
18.1.7 Regulatory Bodies
18.1.8 Major Associations
18.1.9 Taxes Levied
18.1.10 Corporate Tax Structure
18.1.11 Investments
18.1.12 Major Companies
18.2 Middle East Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.3 Middle East Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.4 Middle East Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19 Africa Market
19.1 Summary
19.1.1 Market Overview
19.1.2 Region Information
19.1.3 Market Information
19.1.4 Background Information
19.1.5 Government Initiatives
19.1.6 Regulations
19.1.7 Regulatory Bodies
19.1.8 Major Associations
19.1.9 Taxes Levied
19.1.10 Corporate Tax Structure
19.1.11 Investment
19.1.12 Major Companies
19.2 Africa Heavy Trucks Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19.3 Africa Heavy Trucks Market, Segmentation by Fuel, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19.4 Africa Heavy Trucks Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
20 Competitive Landscape and Company Profiles
20.1 Company Profiles
20.2 Volvo Group
20.2.1 Company Overview
20.2.2 Products and Services
20.2.3 Business Strategy
20.2.4 Financial Performance
20.3 Hino Motors Ltd.
20.3.1 Company Overview
20.3.2 Products and Services
20.3.3 Business Strategy
20.3.4 Financial Performance
20.4 Tata Motors Limited
20.4.1 Company Overview
20.4.2 Products and Services
20.4.3 Business Strategy
20.4.4 Financial Performance
20.5 Volkswagen AG
20.5.1 Company Overview
20.5.2 Products and Services
20.5.3 Business Strategy
20.5.4 Financial Performance
20.6 Paccar Inc
20.6.1 Company Overview
20.6.2 Products and Services
20.6.3 Business Strategy
20.6.4 Financial Performance
21 Other Major and Innovative Companies
21.1 Tesla Inc.
21.1.1 Company Overview
21.1.2 Products and Services
21.2 Daimler Truck Holding AG
21.2.1 Company Overview
21.2.2 Products and Services
21.3 Sinotruk Hong Kong Limited
21.3.1 Company Overview
21.3.2 Products and Services
21.4 Iveco Group N.V.
21.4.1 Company Overview
21.4.2 Products and Services
21.5 BYD Co. Ltd.
21.5.1 Company Overview
21.5.2 Products and Services
21.6 Dongfeng Motor Corporation
21.6.1 Company Overview
21.6.2 Products and Services
21.7 Ashok Leyland Limited
21.7.1 Company Overview
21.7.2 Products and Services
21.8 Eicher Motors Limited
21.8.1 Company Overview
21.8.2 Products and Services
21.9 CNH Industrial NV
21.9.1 Company Overview
21.9.2 Products and Services
21.10 Kamaz Inc.
21.10.1 Company Overview
21.10.2 Products and Services
21.11 Isuzu Motors Ltd.
21.11.1 Company Overview
21.11.2 Products and Services
21.12 Navistar International Corporation
21.12.1 Company Overview
21.12.2 Products and Services
21.13 Beiqi Foton Motor Co., Ltd.
21.13.1 Company Overview
21.13.2 Products and Services
21.14 Mitsubishi Fuso Truck and Bus Corporation
21.14.1 Company Overview
21.14.2 Products and Services
21.15 Mahindra & Mahindra Limited
21.15.1 Company Overview
21.15.2 Products and Services
22 Competitive Dashboard
23 Key Mergers and Acquisitions
23.1 Rheinmetall Acquired Automecanica Media?
23.2 Luxor Capital Group Acquired Volta Trucks
23.3 TFI International Acquired JHT Holdings
23.4 Titanium Transportation Acquired Crane Transport
23.5 ZS Fund Acquired Lily Transportation Corp
23.6 Scan Global Logistics Acquired Sand Road Freight
23.7 Tupy Acquired MWM Do Brasil
23.8 Hyzon Motors Acquired OrtenBetriebs Gmbh and OrtenElectric Trucks GmbH
23.9 Bast Fibre Technologies Inc. Acquired Lumberton Cellulose
23.10 Battle Motors Acquired Crane Carrier Company
23.11 Volvo Trucks Acquired JMC Heavy Duty Vehicle
24 Opportunities and Strategies
24.1 Global Heavy Trucks Market in 2028 - Countries Offering Most New Opportunities
24.2 Global Heavy Trucks Market in 2028 - Segments Offering Most New Opportunities
24.3 Global Heavy Trucks Market in 2028 - Growth Strategies
24.3.1 Market Trend-based Strategies
24.3.2 Competitor Strategies
25 Heavy Trucks Market, Conclusions and Recommendations
25.1 Conclusions
25.2 Recommendations
25.2.1 Product
25.2.2 Place
25.2.3 Price
25.2.4 Promotion
25.2.5 People
26 Appendix
26.1 Geographies Covered
26.2 Market Data Sources
26.3 Research Methodology
26.4 Currencies
26.5 About the Analyst
26.6 Copyright and Disclaimer

Executive Summary

Heavy Trucks Global Market Opportunities and Strategies to 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global heavy trucks market as it emerges from the COVID-19 shut down.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
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  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
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  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
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Description

Where is the largest and fastest-growing market for heavy trucks? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The heavy trucks market global report answers all these questions and many more.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider heavy trucks market; and compares it with other markets.

The report covers the following chapters:

  • Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by fuel and by application.
  • Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
  • Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the heavy trucks market.
  • Global Market Size and Growth - Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
  • Regional and Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
  • Market Segmentation - Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by segment by type, by fuel and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
  • Regional Market Size and Growth - Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
  • Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
  • Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies in the market
  • Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
  • Competitive Dashboard - Briefs on competitive dashboard of major players.
  • Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
  • Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and Strategies to be followed in those markets.
  • Conclusions and Recommendations - This section includes recommendations for heavy trucks providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
  • Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:

1) By Type: Class 3; Class 4; Class 5; Class 6; Class 7; Class 8
2) By Fuel: Diesel; Natural Gas; Hybrid Electric; Gasoline
3) By Application: Construction and Mining; Freight and Logistics; Other Applications

Key Companies Mentioned: Volvo Truck; Hino Motors Ltd.; Tata Motors Limited; Volkswagen AG; PACCAR Inc.

Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; heavy trucks indicators comparison.

Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

  • Volvo Truck
  • Hino Motors Ltd.
  • Tata Motors Limited
  • Volkswagen AG
  • PACCAR Inc.
  • Tesla Inc.
  • Daimler Truck Holding AG
  • Sinotruk Hong Kong Limited
  • Iveco Group N.V.
  • BYD Co. Ltd.
  • Hybot
  • China National Heavy Duty Truck Group Co. Ltd
  • Dongfeng Motor Corporation
  • First Automotive Works Ltd
  • Foton Auman
  • Hongyan
  • OrtenBetriebs GmbH
  • Volta Trucks
  • Traton SE
  • MAN Truck & Bus Deutschland GmbH
  • Kamaz Inc
  • Automecanica Mediaș
  • Intrall
  • Astra (Romania)
  • Roman Diesel (Romania)
  • GAZ Group (Russia)
  • McKevitt Trucking Limited
  • Brian Kurtz Trucking Ltd
  • Searcy Trucking Ltd
  • Skelton Truck Lines
  • JADE TRANSPORT LTD
  • TFI International
  • Old Dominion
  • Landstar System
  • YRC Worldwide
  • Knight-Swift Transport Services
  • J.B. Hunt Transport Services
  • XPO Logistics
  • FedEx Corp
  • UPS Inc
  • Tupy S.A.
  • MWM do Brasil
  • Scania
  • Ford Trucks
  • Al-Futtaim Auto & Machinery Company (Famco)
  • Qatar Navigation (Milaha)
  • Gulf Agency Company - GAC Qatar
  • MSC Mediterranean Shipping Company (Qatar) W.L.L
  • Bin Yousef Cargo
  • E2E Qatar
  • DHL -Mall of Qatar
  • Trans-Nationwide Express
  • Admiral Trucker Limited
  • Truckways Limited
  • BTXpress Universal Limited
  • Ekene Dili Chukwu Nigeria Limited
  • Konek Group

Methodology

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Table Information