Class 7 Truck Market - By Fuel (Diesel, Natural Gas, Hybrid Electric), By Application (Freight Delivery, Utility Services, Construction & Mining), By Horsepower, By Axle, By Ownership & Forecast, 2024 – 2032

Industry size for class 7 truck recorded USD 49.7 billion in 2023 and is expected to depict over 4% CAGR from 2024 to 2032, owing to the rise of urban logistics and infrastructure investments.

The diesel fuel segment in the class 7 truck industry accumulated over 80% share in 2023 and is estimated to depict substantial growth between 2024 and 2032, due to its unmatched power and efficiency.

Asia Pacific industry accounted for over 70% revenue share in 2023 and is expected to witness notable growth from 2024 to 2032, due to the rise in infrastructure projects and growing need for long-haul transport.

Ford, Freightliner, Navistar, Isuzu Motors, Kenworth, Mack Trucks, MAN, Peterbilt, Scania AB, and Volvo Trucks are some of the major class 7 truck companies worldwide.