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Construction Trucks Market Trends

Report ID: GMI9476
Published Date: May 2024
Report Format: PDF

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Construction Trucks Market Trends

Technological upgrades will help pave a healthy growth pathway for the construction trucks industry in the long run. Technological progress has resulted in the creation of construction trucks that are both more effective and eco-friendly. The incorporation of features like GPS tracking, telematics, automated systems, and hybrid or electric engines into construction trucks has become more prevalent, improving their capabilities, and cutting down on operational expenses

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of construction trucks was reached USD 49.9 billion in 2023 and will grow at over 4% CAGR between 2024 and 2032, due to the ongoing infrastructure development across the globe.

The diesel propulsion segment in the construction trucks market held over 83% share in 2023 and will witness strong growth by 2032, owing to its high-power output, making it ideal for heavy-duty construction applications.

Asia Pacific construction trucks market held a share of over 45% in 2023 and will expand rapidly through 2032, owing to rapid urbanization and infrastructure projects.

Caterpillar Inc., Komatsu Ltd, Hitachi Construction Machinery Co., Ltd., Liebherr Group, Volvo Group, Terex Corporation, XCMG Group, SANY Group, Doosan Corporation, and Hyundai Construction Equipment among others.