Global Commercial Trucks Market Size study & Forecast, by Fuel (Diesel, Natural Gas, Hybrid Electric), by Application (Freight Delivery, Utility Services), by Ownership (Fleet Operator, Owner Operator), and Regional Forecasts 2025-2035

Description

The Global Commercial Trucks Market is valued approximately at USD 9.63 trillion in 2024 and is anticipated to register a compelling CAGR of more than 7.00% during the forecast period 2025-2035. The commercial trucking sector, which acts as the lifeblood of supply chains and logistics infrastructures across continents, is undergoing a transformative shift propelled by economic globalization, e-commerce proliferation, and an intensifying need for agile goods movement. These trucks are increasingly becoming smarter, more efficient, and environmentally adaptable-thanks to major strides in drivetrain technologies, AI-enabled fleet management, and alternative fuel integration. The expanding reliance on just-in-time inventory systems and increased demand for cross-border trade transport are making commercial trucks indispensable for industries ranging from retail and agriculture to manufacturing and construction.

Increased investment in infrastructure modernization, a rebound in mining and construction activities, and a surge in international freight traffic have further accelerated the uptake of heavy-duty and medium-duty trucks worldwide. Notably, the advent of clean fuel technologies such as natural gas and hybrid electric drivetrains is reshaping fleet procurement decisions, particularly among environmentally conscious operators and urban logistic providers. Additionally, digitized telematics, predictive maintenance, and IoT-based route optimization have elevated the efficiency metrics of fleet operations, attracting large-scale investments in connected vehicle ecosystems. However, this growth trajectory is tempered by persistent issues such as stringent emissions regulations, fluctuating diesel prices, and a shortage of skilled drivers-factors that continue to challenge the market's operational dynamics and profitability thresholds.

From a regional standpoint, North America continues to dominate the commercial trucks landscape, driven by its mature transportation network, strong regulatory support for emission control technologies, and a high rate of fleet replacement cycles. Meanwhile, Europe is witnessing a major transition toward electrification and low-emission zones, with countries like Germany and the Netherlands leading investments in electric commercial trucks and hydrogen-powered fleets. Asia Pacific, led by China and India, is emerging as the fastest-growing region, buoyed by rapid urbanization, booming logistics demand, government investments in green mobility, and local manufacturing incentives. Latin America and the Middle East & Africa are also progressing steadily, supported by rising import-export volumes and increasing road freight infrastructure developments.

Major market player included in this report are:

Daimler AG
Volvo Group
Scania AB
MAN SE
PACCAR Inc.
Navistar International Corporation
Isuzu Motors Ltd.
Ashok Leyland
Hino Motors Ltd.
CNH Industrial N.V.
Tata Motors Limited
Dongfeng Motor Corporation
FAW Group Corporation
BYD Auto Co., Ltd.
Mitsubishi Fuso Truck and Bus Corporation

Global Commercial Trucks Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Fuel:

Diesel
Natural Gas
Hybrid Electric

By Application:

Freight Delivery
Utility Services
Construction & Mining

By Ownership:

Fleet Operator
Owner Operator

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Commercial Trucks Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study (2023, 2024, 2025-2035)

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Commercial Trucks Market Forces Analysis

3.1. Market Forces Shaping The Global Commercial Trucks Market (2024-2035)
3.2. Drivers
- 3.2.1. Surge in E-commerce and Infrastructure Modernization Driving Freight Demand
- 3.2.2. Advances in Alternative Fuel and Telematics Technologies Accelerating Fleet Upgrades
3.3. Restraints
- 3.3.1. High Upfront Costs and Stringent Emissions Regulations Increasing Total Cost of Ownership
- 3.3.2. Persistent Driver Shortages and Rising Labor Costs Impacting Operational Efficiency
3.4. Opportunities
- 3.4.1. Electrification and Hybrid Adoption Fueled by Policy Incentives and Sustainability Goals
- 3.4.2. Integration of IoT-Based Predictive Maintenance and AI-Enabled Route Optimization

Chapter 4. Global Commercial Trucks Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Forces Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Commercial Trucks Market Size & Forecasts by Fuel 2025-2035

5.1. Market Overview
5.2. Global Commercial Trucks Market Performance - Potential Analysis (2025)
5.3. Diesel
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035
5.4. Natural Gas
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market Size Analysis, by Region, 2025-2035
5.5. Hybrid Electric
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market Size Analysis, by Region, 2025-2035

Chapter 6. Global Commercial Trucks Market Size & Forecasts by Application 2025-2035

6.1. Market Overview
6.2. Global Commercial Trucks Market Performance - Potential Analysis (2025)
6.3. Freight Delivery
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035
6.4. Utility Services
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market Size Analysis, by Region, 2025-2035
6.5. Construction & Mining
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market Size Analysis, by Region, 2025-2035

Chapter 7. Global Commercial Trucks Market Size & Forecasts by Ownership 2025-2035

7.1. Market Overview
7.2. Global Commercial Trucks Market Performance - Potential Analysis (2025)
7.3. Fleet Operator
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market Size Analysis, by Region, 2025-2035
7.4. Owner Operator
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market Size Analysis, by Region, 2025-2035

Chapter 8. Global Commercial Trucks Market Size & Forecasts by Region 2025-2035

8.1. Commercial Trucks Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Commercial Trucks Market
- 8.3.1. U.S. Commercial Trucks Market
  - 8.3.1.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.3.1.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.3.1.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.3.2. Canada Commercial Trucks Market
  - 8.3.2.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.3.2.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.3.2.3. Ownership Breakdown Size & Forecasts, 2025-2035
8.4. Europe Commercial Trucks Market
- 8.4.1. UK Commercial Trucks Market
  - 8.4.1.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.4.1.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.4.1.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.4.2. Germany Commercial Trucks Market
  - 8.4.2.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.4.2.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.4.2.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.4.3. France Commercial Trucks Market
  - 8.4.3.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.4.3.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.4.3.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.4.4. Spain Commercial Trucks Market
  - 8.4.4.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.4.4.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.4.4.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.4.5. Italy Commercial Trucks Market
  - 8.4.5.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.4.5.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.4.5.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.4.6. Rest of Europe Commercial Trucks Market
  - 8.4.6.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.4.6.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.4.6.3. Ownership Breakdown Size & Forecasts, 2025-2035
8.5. Asia Pacific Commercial Trucks Market
- 8.5.1. China Commercial Trucks Market
  - 8.5.1.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.5.1.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.5.1.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.5.2. India Commercial Trucks Market
  - 8.5.2.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.5.2.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.5.2.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.5.3. Japan Commercial Trucks Market
  - 8.5.3.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.5.3.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.5.3.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.5.4. Australia Commercial Trucks Market
  - 8.5.4.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.5.4.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.5.4.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.5.5. South Korea Commercial Trucks Market
  - 8.5.5.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.5.5.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.5.5.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.5.6. Rest of Asia Pacific Commercial Trucks Market
  - 8.5.6.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.5.6.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.5.6.3. Ownership Breakdown Size & Forecasts, 2025-2035
8.6. Latin America Commercial Trucks Market
- 8.6.1. Brazil Commercial Trucks Market
  - 8.6.1.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.6.1.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.6.1.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.6.2. Mexico Commercial Trucks Market
  - 8.6.2.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.6.2.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.6.2.3. Ownership Breakdown Size & Forecasts, 2025-2035
8.7. Middle East & Africa Commercial Trucks Market
- 8.7.1. UAE Commercial Trucks Market
  - 8.7.1.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.7.1.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.7.1.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.7.2. Saudi Arabia Commercial Trucks Market
  - 8.7.2.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.7.2.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.7.2.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.7.3. South Africa Commercial Trucks Market
  - 8.7.3.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.7.3.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.7.3.3. Ownership Breakdown Size & Forecasts, 2025-2035
- 8.7.4. Rest of Middle East & Africa Commercial Trucks Market
  - 8.7.4.1. Fuel Breakdown Size & Forecasts, 2025-2035
  - 8.7.4.2. Application Breakdown Size & Forecasts, 2025-2035
  - 8.7.4.3. Ownership Breakdown Size & Forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Daimler AG
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Port
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. Volvo Group
9.4. Scania AB
9.5. MAN SE
9.6. PACCAR Inc.
9.7. Navistar International Corporation
9.8. Isuzu Motors Ltd.
9.9. Ashok Leyland
9.10. Hino Motors Ltd.
9.11. CNH Industrial N.V.
9.12. Tata Motors Limited
9.13. Dongfeng Motor Corporation
9.14. FAW Group Corporation
9.15. BYD Auto Co., Ltd.
9.16. Mitsubishi Fuso Truck and Bus Corporation