PUBLISHER: MarketLine | PRODUCT CODE: 2021143
PUBLISHER: MarketLine | PRODUCT CODE: 2021143
Global Medium & Heavy Trucks industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume , and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The medium and heavy trucks market includes commercial vehicles (CV), buses and coaches (BC), heavy commercial vehicles (HCV), and heavy buses and coaches (HBCs).
The weight of CV and BC segments varies between 3.51 to 16 tonnes and includes pick-ups and vans where they fall into this weight range. The weight of HCV and HBC segments cover weight of over 16 tonnes. The converted trucks and buses are excluded from our scope. The market volume includes the number of newly registered vehicles in any given year.
The market value is calculated by multiplying the average manufacturer selling price (MSP) by the market volume. It excludes all taxes and levies.
All market data and forecasts are based on nominal prices, and all currency conversions used in the creation of this report have been calculated using yearly average exchange rates. The USD values may show a declining trend for a few countries, such as Argentina, Turkey, Nigeria, Egypt, and Russia. This is primarily because of the impact of exchange rates considered.
The global medium & heavy trucks market recorded a revenue of $2,465.2 billion in 2025, representing a compound annual growth rate (CAGR) of 3.2% between 2020 and 2025.
Market consumption volume increased with a CAGR of 2.5% between 2020 and 2025, reaching a total of 25,592.3 thousand units in 2025.
In 2025, the global market value recorded an annual growth of 3.4%, driven by the increase in exports and imports worldwide.