Get a free sample of Heavy Duty Trucks Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Heavy Duty Trucks Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Heavy Duty Trucks Market Share
PACCAR Inc, SCANIA, MAN, Navistar, Volvo, and Daimler Trucks hold a significant market share of over 45% in the heavy-duty trucks industry. Daimler and PACCAR industry giants continue to strengthen their foothold through strategic partnerships and technological innovations, particularly in electric and autonomous driving technologies. Their proactive acquisitions have enabled them to expand their product offerings, making them more adaptable to evolving market demands. By investing heavily in R&D, these companies not only lead in developing sustainable truck solutions but also align with stringent global emission standards.
Collaborations with technology firms and logistics companies enhance the integration of their trucks into sophisticated fleet systems, thereby increasing the efficiency of transport and logistics operations. Their dedication to sustainability, through reducing carbon footprints and enhancing fuel efficiency, meets both consumer preferences and regulatory requirements. This strategic combination of innovation, collaboration, and market adaptation secures Daimler and Volvo’s leadership positions in the rapidly evolving market.
Heavy Duty Trucks Market Companies
Major players operating in the heavy-duty vehicle rental industry include:
- Daimler
- Freightliner
- Navistar
- Isuzu Motors
- Kenworth
- Mack Trucks
- MAN
- Peterbilt
- Scania AB
- Volvo Trucks
What is the market share of diesel trucks in the heavy-duty trucks industry?
Diesel trucks held over 75% of the market share in 2024, as their power, reliability, and range make them indispensable for long-haul freight and heavy-duty applications.
How big is the heavy-duty trucks market?
The market size of heavy-duty trucks reached USD 311.4 billion in 2024 and is set to grow at a 4.2% CAGR from 2025 to 2034, driven by increasing cross-border transportation demand and regional collaborations to promote Class 8 trucks.
How much is the Asia Pacific heavy-duty trucks market worth?
The Asia Pacific market accounted for 60% of the revenue share in 2023, led by rapid industrialization, urbanization, and the expansion of e-commerce and logistics sectors in countries like China and India.
Who are the major players in the heavy-duty vehicle rental industry?
The key players in the industry include Daimler, Freightliner, Navistar, Isuzu Motors, Kenworth, Mack Trucks, MAN, Peterbilt, Scania AB, and Volvo Trucks.