Heavy-Duty Trucks Market Size By Class (Class 7, Class 8, Cab {Day Cab, Sleeper}), By Fuel (Diesel, Natural Gas, Hybrid Electric, Gasoline), By Horsepower (Below 300HP, 300HP - 400HP, 400HP - 500HP, Above 500HP) & Forecast 2023

Description

Heavy-Duty Trucks Market is anticipated to showcase lucrative growth during 2023-2032, owing to the budding adoption of electric-powered trucks due to several benefits such as improved efficiency, lower noise, and minimum maintenance requirements. Constant tech innovations in electric motor technologies, coupled with advancements in charging and battery technology, will also positively contribute to the growth of heavy-duty trucks market over the study timeframe.

In addition, supporting policies, favorable tax credits, rebates, and discounts on the purchase of electric-powered trucks are also attracting consumers to adopt such vehicles over conventional fuel trucks.

Major manufacturers operating in the overall marketplace are seeking expanding their global presence and diversifying their product categories to gain a competitive advantage via acquisitions, mergers, and partnerships. For instance, in January 2023, Tata Motors acquired Ford India's manufacturing plant at Sanand through its subsidiary. With this acquisition, Tata Motors plans to expand its manufacturing capability across the Indian subcontinent.

Overall, the heavy-duty truck industry is segmented in terms of class, fuel, horsepower, and region.

Based on class, the 4X2 segment will exhibit over 5% CAGR through 2032. The easy availability of cost-effective models of heavy-duty trucks with 4x2 axle configuration will help the segment grow in the coming years.

By fuel, the hybrid electric segment is anticipated to demonstrate strong momentum through 2032. Constantly surging demand for these trucks owing to several benefits such as lower noise, superior engine power, and torque will assist the segment expansion. In addition, constant technological advancements in hybrid technologies, which will enhance truck efficiency are slated to expand the segment share over the study timeframe.

Considering the horsepower, the 300HP-400HP segment will demonstrate a positive trajectory through 2032. The rising demand for heavy-duty truck engines with 300 to 400 hp, given their low-cost compared to higher horsepower configurated engines and benefits including low engine weight and high fuel efficiency, will positively influence the segment expansion.

In terms of regional perspective, the Europe heavy-duty truck industry will depict over 8% CAGR through 2032. Increasing consumer preference for autonomous heavy-duty trucks across the region will increase the product demand. Besides, rising deployment of audio speakers equipped with ADAS systems for truck drivers to provide timely alerts and notifications for potential risks and threats on the road would support the growing product sales.

Product Code: 2015

Chapter 1 Methodology and Scope

1.1 Scope & definitions
1.2 Base estimates and calculations
1.3 Forecast calculations
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Heavy-duty trucks industry 360 degree synopsis, 2018-2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Class trends
2.5 Fuel trends
2.6 Horsepower trends

Chapter 3 Industry Insights

3.1 Impact of COVID-19
- 3.1.1 North America
- 3.1.2 Europe
- 3.1.3 Asia Pacific
- 3.1.4 Latin America
- 3.1.5 MEA
3.2 Russia-Ukraine war impact
3.3 Industry ecosystem analysis
- 3.3.1 Component suppliers
- 3.3.2 Technology providers
- 3.3.3 Manufacturers
- 3.3.4 Distribution channel analysis
- 3.3.5 End use landscape
- 3.3.6 Profit margin analysis
- 3.3.7 Vendor matrix
3.4 Technology & innovation landscape
3.5 Regulatory landscape
- 3.5.1 ISO standards
- 3.5.2 North America
- 3.5.3 Europe
- 3.5.4 Asia Pacific
- 3.5.5 Latin America
- 3.5.6 MEA
3.6 Patent analysis
3.7 Key initiatives and news
3.8 Industry impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing demand for electric & hybrid heavy-duty trucks across the globe
  - 3.8.1.2 Growing freight transportation activities across North America
  - 3.8.1.3 Implementation of stringent emission regulations in Europe
  - 3.8.1.4 Rising investments in infrastructure development activities in Asia Pacific
  - 3.8.1.5 Growing demand for heavy-duty trucks from mining and, oil & gas sector in MEA
  - 3.8.1.6 Rising real estate construction activities in Latin America
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 High initial and maintenance costs
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape

4.1 Introduction
4.2 Company market share, 2022
- 4.2.1 AB Volvo
- 4.2.2 Daimler AG
- 4.2.3 Peccar Inc.
- 4.2.4 Dongfeng Motor Corporation
- 4.2.5 Freighliner Trucks
- 4.2.6 Scania
- 4.2.7 Peterbilt
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Heavy-Duty Trucks Market, By Class (Revenue & Shipments)

5.1 Key trends, by class
5.2 Class 7
- 5.2.1 Market estimates and forecast, 2018-2032
- 5.2.2 Axle type
  - 5.2.2.1 Market estimates and forecast, 2018-2032
  - 5.2.2.2. 4X2
    - 5.2.2.2.1 Market estimates and forecast, 2018-2032
  - 5.2.2.3. 6X2
    - 5.2.2.3.1 Market estimates and forecast, 2018-2032
  - 5.2.2.4. 6X4
    - 5.2.2.4.1 Market estimates and forecast, 2018-2032
5.3 Class 8
- 5.3.1 Market estimates and forecast, 2018-2032
- 5.3.2 Axle type
  - 5.3.2.1 Market estimates and forecast, 2018-2032
  - 5.3.2.2. 4X2
    - 5.3.2.2.1 Market estimates and forecast, 2018-2032
  - 5.3.2.3. 6X2
    - 5.3.2.3.1 Market estimates and forecast, 2018-2032
  - 5.3.2.4. 6X4
    - 5.3.2.4.1 Market estimates and forecast, 2018-2032
- 5.3.3 Cab type
  - 5.3.3.1 Market estimates and forecast, 2018-2032
  - 5.3.3.2 Day cab
    - 5.3.3.2.1 Market estimates and forecast, 2018-2032
  - 5.3.3.3 Sleeper cab
    - 5.3.3.3.1 Market estimates and forecast, 2018-2032

Chapter 6 Heavy-Duty Trucks Market, By Fuel (Revenue & Shipments)

6.1 Key trends, by fuel
6.2 Diesel
- 6.2.1 Market estimates and forecast, 2018-2032
6.3 Natural gas
- 6.3.1 Market estimates and forecast, 2018-2032
6.4 Hybrid electric
- 6.4.1 Market estimates and forecast, 2018-2032
6.5 Gasoline
- 6.5.1 Market estimates and forecast, 2018-2032

Chapter 7 Heavy-Duty Trucks Market, By Horsepower (Revenue & Shipments)

7.1 Key trends, by horsepower
7.2 Below 300HP
- 7.2.1 Market estimates and forecast, 2018-2032
7.3 300HP-400HP
- 7.3.1 Market estimates and forecast, 2018-2032
7.4 400HP-500HP
- 7.4.1 Market estimates and forecast, 2018-2032
7.5 Above 500HP
- 7.5.1 Market estimates and forecast, 2018-2032

Chapter 8 Heavy-Duty Trucks Market, By Region (Revenue & Shipments)

8.1 Key trends, by region
8.2 North America
- 8.2.1 Market estimates and forecast, by class, 2018-2032
- 8.2.2 Market estimates and forecast, by fuel, 2018-2032
- 8.2.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.2.4 U.S.
  - 8.2.4.1 Market estimates and forecast, by class, 2018-2032
  - 8.2.4.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.2.4.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.2.5 Canada
  - 8.2.5.1 Market estimates and forecast, by class, 2018-2032
  - 8.2.5.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.2.5.3 Market estimates and forecast, by horsepower, 2018-2032
8.3 Europe
- 8.3.1 Market estimates and forecast, by class, 2018-2032
- 8.3.2 Market estimates and forecast, by fuel, 2018-2032
- 8.3.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.3.4 UK
  - 8.3.4.1 Market estimates and forecast, by class, 2018-2032
  - 8.3.4.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.3.4.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.3.5 Germany
  - 8.3.5.1 Market estimates and forecast, by class, 2018-2032
  - 8.3.5.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.3.5.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.3.6 France
  - 8.3.6.1 Market estimates and forecast, by class, 2018-2032
  - 8.3.6.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.3.6.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.3.7 Italy
  - 8.3.7.1 Market estimates and forecast, by class, 2018-2032
  - 8.3.7.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.3.7.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.3.8 Russia
  - 8.3.8.1 Market estimates and forecast, by class, 2018-2032
  - 8.3.8.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.3.8.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.3.9 Belgium
  - 8.3.9.1 Market estimates and forecast, by class, 2018-2032
  - 8.3.9.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.3.9.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.3.10 Sweden
  - 8.3.10.1 Market estimates and forecast, by class, 2018-2032
  - 8.3.10.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.3.10.3 Market estimates and forecast, by horsepower, 2018-2032
8.4 Asia Pacific
- 8.4.1 Market estimates and forecast, by class, 2018-2032
- 8.4.2 Market estimates and forecast, by fuel, 2018-2032
- 8.4.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.4.4 China
  - 8.4.4.1 Market estimates and forecast, by class, 2018-2032
  - 8.4.4.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.4.4.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.4.5 India
  - 8.4.5.1 Market estimates and forecast, by class, 2018-2032
  - 8.4.5.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.4.5.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.4.6 Japan
  - 8.4.6.1 Market estimates and forecast, by class, 2018-2032
  - 8.4.6.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.4.6.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.4.7 South Korea
  - 8.4.7.1 Market estimates and forecast, by class, 2018-2032
  - 8.4.7.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.4.7.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.4.8 Indonesia
  - 8.4.8.1 Market estimates and forecast, by class, 2018-2032
  - 8.4.8.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.4.8.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.4.9 Thailand
  - 8.4.9.1 Market estimates and forecast, by class, 2018-2032
  - 8.4.9.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.4.9.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.4.10 Vietnam
  - 8.4.10.1 Market estimates and forecast, by class, 2018-2032
  - 8.4.10.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.4.10.3 Market estimates and forecast, by horsepower, 2018-2032
8.5 Latin America
- 8.5.1 Market estimates and forecast, by class, 2018-2032
- 8.5.2 Market estimates and forecast, by fuel, 2018-2032
- 8.5.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.5.4 Brazil
  - 8.5.4.1 Market estimates and forecast, by class, 2018-2032
  - 8.5.4.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.5.4.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.5.5 Mexico
  - 8.5.5.1 Market estimates and forecast, by class, 2018-2032
  - 8.5.5.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.5.5.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.5.6 Argentina
  - 8.5.6.1 Market estimates and forecast, by class, 2018-2032
  - 8.5.6.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.5.6.3 Market estimates and forecast, by horsepower, 2018-2032
8.6 MEA
- 8.6.1 Market estimates and forecast, by class, 2018-2032
- 8.6.2 Market estimates and forecast, by fuel, 2018-2032
- 8.6.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.6.4 UAE
  - 8.6.4.1 Market estimates and forecast, by class, 2018-2032
  - 8.6.4.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.6.4.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.6.5 Saudi Arabia
  - 8.6.5.1 Market estimates and forecast, by class, 2018-2032
  - 8.6.5.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.6.5.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.6.6 South Africa
  - 8.6.6.1 Market estimates and forecast, by class, 2018-2032
  - 8.6.6.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.6.6.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.6.7 Iran
  - 8.6.7.1 Market estimates and forecast, by class, 2018-2032
  - 8.6.7.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.6.7.3 Market estimates and forecast, by horsepower, 2018-2032
- 8.6.8 Turkey
  - 8.6.8.1 Market estimates and forecast, by class, 2018-2032
  - 8.6.8.2 Market estimates and forecast, by fuel, 2018-2032
  - 8.6.8.3 Market estimates and forecast, by horsepower, 2018-2032

Chapter 9 Company Profiles

9.1 Ashok Leyland
- 9.1.1 Business Overview
- 9.1.2 Financial Data
- 9.1.3 Type Landscape
- 9.1.4 Strategic Outlook
- 9.1.5 SWOT Analysis
9.2 China National Heavy-Duty Group
- 9.2.1 Business Overview
- 9.2.2 Financial Data
- 9.2.3 Type Landscape
- 9.2.4 Strategic Outlook
- 9.2.5 SWOT Analysis
9.3 Dongfeng
- 9.3.1 Business Overview
- 9.3.2 Financial Data
- 9.3.3 Type Landscape
- 9.3.4 Strategic Outlook
- 9.3.5 SWOT Analysis
9.4 Eicher Motor Limited
- 9.4.1 Business Overview
- 9.4.2 Financial Data
- 9.4.3 Type Landscape
- 9.4.4 Strategic Outlook
- 9.4.5 SWOT Analysis
9.5 Ford
- 9.5.1 Business Overview
- 9.5.2 Financial Data
- 9.5.3 Type Landscape
- 9.5.4 Strategic Outlook
- 9.5.5 SWOT Analysis
9.6 Freightliner
- 9.6.1 Business Overview
- 9.6.2 Financial Data
- 9.6.3 Type Landscape
- 9.6.4 Strategic Outlook
- 9.6.5 SWOT Analysis
9.7 Isuzu Motors
- 9.7.1 Business Overview
- 9.7.2 Financial Data
- 9.7.3 Type Landscape
- 9.7.4 Strategic Outlook
- 9.7.5 SWOT Analysis
9.8 Kenworth
- 9.8.1 Business Overview
- 9.8.2 Financial Data
- 9.8.3 Type Landscape
- 9.8.4 Strategic Outlook
- 9.8.5 SWOT Analysis
9.9 MAN SE
- 9.9.1 Business Overview
- 9.9.2 Financial Data
- 9.9.3 Type Landscape
- 9.9.4 Strategic Outlook
- 9.9.5 SWOT Analysis
9.10 Navistar
- 9.10.1 Business Overview
- 9.10.2 Financial Data
- 9.10.3 Type Landscape
- 9.10.4 Strategic Outlook
- 9.10.5 SWOT Analysis
9.11 Peterbilt
- 9.11.1 Business Overview
- 9.11.2 Financial Data
- 9.11.3 Type Landscape
- 9.11.4 Strategic Outlook
- 9.11.5 SWOT Analysis
9.12 Scania AB
- 9.12.1 Business Overview
- 9.12.2 Financial Data
- 9.12.3 Type Landscape
- 9.12.4 Strategic Outlook
- 9.12.5 SWOT Analysis
9.13 Tata Motors
- 9.13.1 Business Overview
- 9.13.2 Financial Data
- 9.13.3 Type Landscape
- 9.13.4 Strategic Outlook
- 9.13.5 SWOT Analysis
9.14 Volvo
- 9.14.1 Business Overview
- 9.14.2 Financial Data
- 9.14.3 Type Landscape
- 9.14.4 Strategic Outlook
- 9.14.5 SWOT Analysis

Heavy-Duty Trucks Market Size By Class (Class 7, Class 8, Cab {Day Cab, Sleeper}), By Fuel (Diesel, Natural Gas, Hybrid Electric, Gasoline), By Horsepower (Below 300HP, 300HP - 400HP, 400HP - 500HP, Above 500HP) & Forecast 2023 - 2032