Global Class 4 Truck Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

List of Tables

The global demand for Class 4 Truck Market is presumed to reach the market size of nearly USD 7.91 Billion by 2032 from USD 3.89 Billion in 2023 with a CAGR of 8.21% under the study period 2024-2032.

Class 4 trucks, according to the United States Department of Transportation (DOT) classification, belong to the medium-duty category and have a gross vehicle weight rating (GVWR) ranging from 14,001 to 16,000 pounds. These trucks are larger and more robust than light-duty vehicles but smaller than heavy-duty trucks. Common applications include delivery trucks, box trucks, and utility trucks for transporting goods, equipment, or passengers in urban or suburban settings. These trucks balance payload capacity, maneuverability, and fuel efficiency, making them suitable for commercial and municipal purposes such as local delivery services, landscaping, and light construction.

MARKET DYNAMICS

The growing demand for urban delivery and last-mile logistics services, fueled by the rise of e-commerce and online retailing, drives the need for medium-duty trucks capable of navigating congested urban environments and delivering goods efficiently. As businesses strive to enhance their supply chains and meet consumer expectations for fast and reliable delivery, the versatility, maneuverability, and payload capacity of class 4 trucks make them well-suited for urban delivery operations. Additionally, advancements in vehicle technology, including fuel efficiency improvements, safety features, and driver assistance systems, are enhancing the appeal of Class 4 trucks among fleet operators and businesses seeking to reduce operating costs and improve driver productivity. Furthermore, the spurring emphasis on sustainability & environmental regulations drives demand for alternative fuel options such as electric, hybrid, and natural gas-powered Class 4 trucks, offering potential cost savings and emissions reductions. Moreover, the expanding range of applications and vocational uses, including landscaping, construction, utilities, and municipal services, is driving market growth and innovation in truck design and performance. However, increasing emissions regulations and shifting towards alternative fuel technologies may challenge the market growth in the coming years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Class 4 Truck. The growth and trends of Class 4 Truck industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Class 4 Truck market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Fuel

Diesel
Natural Gas
Hybrid Electric
Others

By Application

Freight Delivery
Utility Services
Construction & Mining
Others

By GVWR

Class 4a
Class 4b

By Ownership

Fleet Operator
Independent Operator

By Product

Large Walk-In
Box Truck
City Delivery
Others

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Class 4 Truck market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Class 4 Truck market include Daimler Trucks North America LLC, Ford Motor Company, General Motors, Hino Motors Ltd., Isuzu Motors Ltd., Iveco, Mahindra & Mahindra Ltd., MAN Truck & Bus AG, Mitsubishi Fuso Truck And Bus Corporation, Navistar International Corporation, PACCAR Inc., Scania AB, Stellantis, Tata Motors, Volvo Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112114518

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. CLASS 4 TRUCK - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Fuel
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By GVWR
- 3.7.4 Market Attractiveness Analysis By Ownership
- 3.7.5 Market Attractiveness Analysis By Product
- 3.7.6 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL CLASS 4 TRUCK MARKET ANALYSIS BY FUEL

5.1. Overview By Fuel
5.2. Historical and Forecast Data
5.3. Analysis By Fuel
5.4. Diesel Historic and Forecast Sales By Regions
5.5. Natural Gas Historic and Forecast Sales By Regions
5.6. Hybrid Electric Historic and Forecast Sales By Regions
5.7. Others Historic and Forecast Sales By Regions

6. GLOBAL CLASS 4 TRUCK MARKET ANALYSIS BY APPLICATION

6.1. Overview By Application
6.2. Historical and Forecast Data
6.3. Analysis By Application
6.4. Freight Delivery Historic and Forecast Sales By Regions
6.5. Utility Services Historic and Forecast Sales By Regions
6.6. Construction & Mining Historic and Forecast Sales By Regions
6.7. Others Historic and Forecast Sales By Regions

7. GLOBAL CLASS 4 TRUCK MARKET ANALYSIS BY GVWR

7.1. Overview By GVWR
7.2. Historical and Forecast Data
7.3. Analysis By GVWR
7.4. Class 4a Historic and Forecast Sales By Regions
7.5. Class 4b Historic and Forecast Sales By Regions

8. GLOBAL CLASS 4 TRUCK MARKET ANALYSIS BY OWNERSHIP

8.1. Overview By Ownership
8.2. Historical and Forecast Data
8.3. Analysis By Ownership
8.4. Fleet Operator Historic and Forecast Sales By Regions
8.5. Independent Operator Historic and Forecast Sales By Regions

9. GLOBAL CLASS 4 TRUCK MARKET ANALYSIS BY PRODUCT

9.1. Overview By Product
9.2. Historical and Forecast Data
9.3. Analysis By Product
9.4. Large Walk-In Historic and Forecast Sales By Regions
9.5. Box Truck Historic and Forecast Sales By Regions
9.6. City Delivery Historic and Forecast Sales By Regions
9.7. Others Historic and Forecast Sales By Regions

10. GLOBAL CLASS 4 TRUCK MARKET ANALYSIS BY GEOGRAPHY

10.1. Regional Outlook
10.2. Introduction
10.3. North America Sales Analysis
- 10.3.1 Overview, Historic and Forecast Data Sales Analysis
- 10.3.2 North America By Segment Sales Analysis
- 10.3.3 North America By Country Sales Analysis
- 10.3.4 United States Sales Analysis
- 10.3.5 Canada Sales Analysis
- 10.3.6 Mexico Sales Analysis
10.4. Europe Sales Analysis
- 10.4.1 Overview, Historic and Forecast Data Sales Analysis
- 10.4.2 Europe By Segment Sales Analysis
- 10.4.3 Europe By Country Sales Analysis
- 10.4.4 United Kingdom Sales Analysis
- 10.4.5 France Sales Analysis
- 10.4.6 Germany Sales Analysis
- 10.4.7 Italy Sales Analysis
- 10.4.8 Russia Sales Analysis
- 10.4.9 Rest Of Europe Sales Analysis
10.5. Asia Pacific Sales Analysis
- 10.5.1 Overview, Historic and Forecast Data Sales Analysis
- 10.5.2 Asia Pacific By Segment Sales Analysis
- 10.5.3 Asia Pacific By Country Sales Analysis
- 10.5.4 China Sales Analysis
- 10.5.5 India Sales Analysis
- 10.5.6 Japan Sales Analysis
- 10.5.7 South Korea Sales Analysis
- 10.5.8 Australia Sales Analysis
- 10.5.9 South East Asia Sales Analysis
- 10.5.10 Rest Of Asia Pacific Sales Analysis
10.6. Latin America Sales Analysis
- 10.6.1 Overview, Historic and Forecast Data Sales Analysis
- 10.6.2 Latin America By Segment Sales Analysis
- 10.6.3 Latin America By Country Sales Analysis
- 10.6.4 Brazil Sales Analysis
- 10.6.5 Argentina Sales Analysis
- 10.6.6 Peru Sales Analysis
- 10.6.7 Chile Sales Analysis
- 10.6.8 Rest of Latin America Sales Analysis
10.7. Middle East & Africa Sales Analysis
- 10.7.1 Overview, Historic and Forecast Data Sales Analysis
- 10.7.2 Middle East & Africa By Segment Sales Analysis
- 10.7.3 Middle East & Africa By Country Sales Analysis
- 10.7.4 Saudi Arabia Sales Analysis
- 10.7.5 UAE Sales Analysis
- 10.7.6 Israel Sales Analysis
- 10.7.7 South Africa Sales Analysis
- 10.7.8 Rest Of Middle East And Africa Sales Analysis

11. COMPETITIVE LANDSCAPE OF THE CLASS 4 TRUCK COMPANIES

11.1. Class 4 Truck Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments

12. COMPANY PROFILES OF CLASS 4 TRUCK INDUSTRY

12.1. Top Companies Market Share Analysis
12.2. Market Concentration Rate
12.3. Daimler Trucks North America LLC
- 12.3.1 Company Overview
- 12.3.2 Company Revenue
- 12.3.3 Products
- 12.3.4 Recent Developments
12.4. Ford Motor Company
- 12.4.1 Company Overview
- 12.4.2 Company Revenue
- 12.4.3 Products
- 12.4.4 Recent Developments
12.5. General Motors
- 12.5.1 Company Overview
- 12.5.2 Company Revenue
- 12.5.3 Products
- 12.5.4 Recent Developments
12.6. Hino Motors Ltd.
- 12.6.1 Company Overview
- 12.6.2 Company Revenue
- 12.6.3 Products
- 12.6.4 Recent Developments
12.7. Isuzu Motors Ltd.
- 12.7.1 Company Overview
- 12.7.2 Company Revenue
- 12.7.3 Products
- 12.7.4 Recent Developments
12.8. Iveco
- 12.8.1 Company Overview
- 12.8.2 Company Revenue
- 12.8.3 Products
- 12.8.4 Recent Developments
12.9. Mahindra & Mahindra Ltd.
- 12.9.1 Company Overview
- 12.9.2 Company Revenue
- 12.9.3 Products
- 12.9.4 Recent Developments
12.10. MAN Truck & Bus AG
- 12.10.1 Company Overview
- 12.10.2 Company Revenue
- 12.10.3 Products
- 12.10.4 Recent Developments
12.11. Mitsubishi Fuso Truck And Bus Corporation
- 12.11.1 Company Overview
- 12.11.2 Company Revenue
- 12.11.3 Products
- 12.11.4 Recent Developments
12.12. Navistar International Corporation
- 12.12.1 Company Overview
- 12.12.2 Company Revenue
- 12.12.3 Products
- 12.12.4 Recent Developments
12.13. PACCAR Inc.
- 12.13.1 Company Overview
- 12.13.2 Company Revenue
- 12.13.3 Products
- 12.13.4 Recent Developments
12.14. Scania AB
- 12.14.1 Company Overview
- 12.14.2 Company Revenue
- 12.14.3 Products
- 12.14.4 Recent Developments
12.15. Stellantis
- 12.15.1 Company Overview
- 12.15.2 Company Revenue
- 12.15.3 Products
- 12.15.4 Recent Developments
12.16. Tata Motors
- 12.16.1 Company Overview
- 12.16.2 Company Revenue
- 12.16.3 Products
- 12.16.4 Recent Developments
12.17. Volvo Group
- 12.17.1 Company Overview
- 12.17.2 Company Revenue
- 12.17.3 Products
- 12.17.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies