Heavy-Duty Truck Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Heavy-Duty Truck Market size exceeded $350 billion in 2020 and is projected to grow at a CAGR of over 3% between 2022 and 2028. Growing demand for high-performance mobility solutions for all terrains is driving the market growth. Heavy trucks are witnessing a rising market trend due to the proliferation of transportation and logistics activities. Market players such as AB Volvo, UD Trucks Corporation and Isuzu Motors are innovating new heavy-duty trucks to gain market share.

Heavy-Duty Truck Market- Segmentation

By Class

• Axle type
• Axle Type
• Cab Type

By Fuelsc

• Diesel
• Natural Gas
• Hybrid Electric
• Gasoline

By Horsepower

• Below 300 HP
• 300 – 400 HP
• 400 – 500HP
• Above 500HP

Major Players

• Volvo Trucks
• Daimler AG
• PACCAR
• Isuzu Motors Ltd
• Tata Motors

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Key Questions Answered by Heavy-Duty Truck Market Report

• What was the Heavy-Duty Truck Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
• What will be the CAGR of theHeavy-Duty Truck Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Heavy-Duty Truck Market was the market leader in 2021?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.