Heavy Trucks Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The demand for heavy trucks for large-scale material transportation and distribution is witnessing significant growth worldwide, particularly in developing nations undergoing rapid industrialization. Industries such as building and construction, transportation and logistics, mining and infrastructure, and e-commerce are experiencing unprecedented growth, leading to an increased reliance on heavy-duty vehicles with high cargo-carrying capacities. A forthcoming study by Fairfield Market Research highlights the crucial role of supply chain and logistics developments in driving the growth of the global heavy trucks market.

Rise in Demand for Electric and Hybrid Electric Heavy Trucks:

The global shift towards e-mobility has been influencing both passenger and commercial vehicles. Original Equipment Manufacturers (OEMs) are focusing on hybrid commercial vehicles to reduce emissions and combat air pollution. Multiple brands have introduced electric and hybrid electric heavy trucks to the market, which are gaining traction. The growing adoption of fully electric and hybrid electric heavy trucks and other commercial vehicles for various daily operations holds promising prospects for the heavy trucks market in the future.

Impact of Auto Industry Mega Trends on Heavy Truck Fleets:

Technological advancements are disrupting industries worldwide, including the automotive heavy-duty vehicles sector. The Logistics, Electrification, Autonomous, and Digitalization (LEAD) trend has been revolutionary in the automotive industry and is set to bring radical developments, particularly in the heavy trucks segment. The rapid progress of the logistics industry is expected to significantly influence the growth of heavy truck fleets. The next anticipated innovation in the realm of automation and digitalization is driverless heavy trucks. These and other industry trend waves are likely to provide a strong impetus to the global heavy trucks market in the future.

Asia Pacific as the Epicenter of Opportunities in the Heavy Trucks Market:

The Asian subcontinent, characterized by robust auto manufacturing and registration rates, will continue to represent the most lucrative market for heavy truck manufacturers and other heavy commercial vehicles. The region benefits from a favorable business environment, including cheaper labor availability and abundant raw materials, which further strengthens the key end-use industries such as building and construction, logistics, and transportation. This contributes to the growth of the heavy trucks market, with significant opportunities arising in Asia's heavy-duty operations segment. Industrialization and infrastructure developments in key countries of the Asia Pacific have been instrumental in driving the growth of the heavy trucks market.

Key Competitors in the Heavy Trucks Market:

Major players such as Daimler AG, Tata Motors, Volvo Trucks, Isuzu Motors Ltd., Eicher Motors Limited, and Ashok Leyland will undergo detailed financial and strategic profiling in the forthcoming heavy trucks market report.

1. Executive Summary

1.1. Global Heavy Trucks Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
  - 2.2.1.1. Driver A
  - 2.2.1.2. Driver B
  - 2.2.1.3. Driver C
- 2.2.2. Restraints
  - 2.2.2.1. Restraint 1
  - 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Pre-covid and Post-covid Scenario
- 2.5.2. Supply Impact
- 2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE

3. Production Output and Trade Statistics, 2018 - 2021

3.1. Regional Production Statistics
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa
3.2. Trade Statistics

4. Price Trends Analysis and Future Projects, 2018 - 2029

4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Class
4.4. By Region

5. Global Heavy Trucks Market Outlook, 2018 - 2029

5.1. Global Heavy Trucks Market Outlook, by Class, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 5.1.1. Key Highlights
  - 5.1.1.1. Class 7
  - 5.1.1.2. Class 8
  - 5.1.1.3. Class 9
5.2. Global Heavy Trucks Market Outlook, by Fuel Type, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 5.2.1. Key Highlights
  - 5.2.1.1. Diesel
  - 5.2.1.2. Petrol
  - 5.2.1.3. Alternate Fuels
  - 5.2.1.4. Hybrid Electric
  - 5.2.1.5. Electrically Chargeable
5.3. Global Heavy Trucks Market Outlook, by End-user, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 5.3.1. Key Highlights
  - 5.3.1.1. Construction
  - 5.3.1.2. Mining
  - 5.3.1.3. Agriculture
  - 5.3.1.4. Freight and Logistics
  - 5.3.1.5. Misc.
5.4. Global Heavy Trucks Market Outlook, by Region, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 5.4.1. Key Highlights
  - 5.4.1.1. North America
  - 5.4.1.2. Europe
  - 5.4.1.3. Asia Pacific
  - 5.4.1.4. Latin America
  - 5.4.1.5. Middle East & Africa
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. North America Heavy Trucks Market Outlook, 2018 - 2029

6.1. North America Heavy Trucks Market Outlook, by Class, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 6.1.1. Key Highlights
  - 6.1.1.1. Class 7
  - 6.1.1.2. Class 8
  - 6.1.1.3. Class 9
6.2. North America Heavy Trucks Market Outlook, by Fuel Type, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 6.2.1. Key Highlights
  - 6.2.1.1. Diesel
  - 6.2.1.2. Petrol
  - 6.2.1.3. Alternate Fuels
  - 6.2.1.4. Hybrid Electric
  - 6.2.1.5. Electrically Chargeable
6.3. North America Heavy Trucks Market Outlook, by End-user, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 6.3.1. Key Highlights
  - 6.3.1.1. Construction
  - 6.3.1.2. Mining
  - 6.3.1.3. Agriculture
  - 6.3.1.4. Freight and Logistics
  - 6.3.1.5. Misc.
6.4. North America Heavy Trucks Market Outlook, by Country, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 6.4.1. Key Highlights
  - 6.4.1.1. U.S.
  - 6.4.1.2. Canada
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Heavy Trucks Market Outlook, 2018 - 2029

7.1. Europe Heavy Trucks Market Outlook, by Class, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 7.1.1. Key Highlights
  - 7.1.1.1. Class 7
  - 7.1.1.2. Class 8
  - 7.1.1.3. Class 9
7.2. Europe Heavy Trucks Market Outlook, by Fuel Type, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 7.2.1. Key Highlights
  - 7.2.1.1. Diesel
  - 7.2.1.2. Petrol
  - 7.2.1.3. Alternate Fuels
  - 7.2.1.4. Hybrid Electric
  - 7.2.1.5. Electrically Chargeable
7.3. Europe Heavy Trucks Market Outlook, by End-user, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 7.3.1. Key Highlights
  - 7.3.1.1. Construction
  - 7.3.1.2. Mining
  - 7.3.1.3. Agriculture
  - 7.3.1.4. Freight and Logistics
  - 7.3.1.5. Misc.
7.4. Europe Heavy Trucks Market Outlook, by Country, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 7.4.1. Key Highlights
  - 7.4.1.1. Germany
  - 7.4.1.2. France
  - 7.4.1.3. U.K.
  - 7.4.1.4. Italy
  - 7.4.1.5. Spain
  - 7.4.1.6. Russia
  - 7.4.1.7. Rest of Europe
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Heavy Trucks Market Outlook, 2018 - 2029

8.1. Asia Pacific Heavy Trucks Market Outlook, by Class, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 8.1.1. Key Highlights
  - 8.1.1.1. Class 7
  - 8.1.1.2. Class 8
  - 8.1.1.3. Class 9
8.2. Asia Pacific Heavy Trucks Market Outlook, by Fuel Type, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 8.2.1. Key Highlights
  - 8.2.1.1. Diesel
  - 8.2.1.2. Petrol
  - 8.2.1.3. Alternate Fuels
  - 8.2.1.4. Hybrid Electric
  - 8.2.1.5. Electrically Chargeable
8.3. Asia Pacific Heavy Trucks Market Outlook, by End-user, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 8.3.1. Key Highlights
  - 8.3.1.1. Construction
  - 8.3.1.2. Mining
  - 8.3.1.3. Agriculture
  - 8.3.1.4. Freight and Logistics
  - 8.3.1.5. Misc.
8.4. Asia Pacific Heavy Trucks Market Outlook, by Country, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 8.4.1. Key Highlights
  - 8.4.1.1. China
  - 8.4.1.2. Japan
  - 8.4.1.3. South Korea
  - 8.4.1.4. India
  - 8.4.1.5. Southeast Asia
  - 8.4.1.6. Rest of Asia Pacific
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Heavy Trucks Market Outlook, 2018 - 2029

9.1. Latin America Heavy Trucks Market Outlook, by Class, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 9.1.1. Key Highlights
  - 9.1.1.1. Class 7
  - 9.1.1.2. Class 8
  - 9.1.1.3. Class 9
9.2. Latin America Heavy Trucks Market Outlook, by Fuel Type, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 9.2.1. Key Highlights
  - 9.2.1.1. Diesel
  - 9.2.1.2. Petrol
  - 9.2.1.3. Alternate Fuels
  - 9.2.1.4. Hybrid Electric
  - 9.2.1.5. Electrically Chargeable
9.3. Latin America Heavy Trucks Market Outlook, by End-user, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 9.3.1. Key Highlights
  - 9.3.1.1. Construction
  - 9.3.1.2. Mining
  - 9.3.1.3. Agriculture
  - 9.3.1.4. Freight and Logistics
  - 9.3.1.5. Misc.
9.4. Latin America Heavy Trucks Market Outlook, by Country, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 9.4.1. Key Highlights
  - 9.4.1.1. Brazil
  - 9.4.1.2. Mexico
  - 9.4.1.3. Rest of Latin America
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Heavy Trucks Market Outlook, 2018 - 2029

10.1. Middle East & Africa Heavy Trucks Market Outlook, by Class, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 10.1.1. Key Highlights
  - 10.1.1.1. Class 7
  - 10.1.1.2. Class 8
  - 10.1.1.3. Class 9
10.2. Middle East & Africa Heavy Trucks Market Outlook, by Fuel Type, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 10.2.1. Key Highlights
  - 10.2.1.1. Diesel
  - 10.2.1.2. Petrol
  - 10.2.1.3. Alternate Fuels
  - 10.2.1.4. Hybrid Electric
  - 10.2.1.5. Electrically Chargeable
10.3. Middle East & Africa Heavy Trucks Market Outlook, by End-user, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 10.3.1. Key Highlights
  - 10.3.1.1. Construction
  - 10.3.1.2. Mining
  - 10.3.1.3. Agriculture
  - 10.3.1.4. Freight and Logistics
  - 10.3.1.5. Misc.
10.4. Middle East & Africa Heavy Trucks Market Outlook, by Country, Volume ('000 Units) and Value (US$ Mn), 2018 - 2029
- 10.4.1. Key Highlights
  - 10.4.1.1. GCC
  - 10.4.1.2. South Africa
  - 10.4.1.3. Rest of Middle East & Africa
- 10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2021
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. Daimler Trucks
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Product Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. Volvo Global Trucks
- 11.3.3. Paccar
- 11.3.4. Dongfeng
- 11.3.5. FAW Group
- 11.3.6. Scania AB
- 11.3.7. Beijing Automotive Group Co. Ltd. (BAIC)
- 11.3.8. MAN SE
- 11.3.9. Hino Motors
- 11.3.10. Iveco
- 11.3.11. Navistar
- 11.3.12. Shaanxi Automobile Holding Group
- 11.3.13. KAMAZ
- 11.3.14. Sinotruk Group (CNHTC)
- 11.3.15. TATA Motors

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations