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Asia Pacific Class 7 Truck Market Size - By Fuel, By Horsepower, By Application, By Ownership, By Transmission, Growth Forecast, 2025 - 2034
Report ID: GMI14577
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Published Date: August 2025
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Report Format: PDF
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Authors: Preeti Wadhwani, Satyam Jaiswal
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Base Year: 2024
Companies covered: 32
Tables & Figures: 200
Countries covered: 10
Pages: 250
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Asia Pacific Class 7 Truck Market
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Asia Pacific Class 7 Truck Market Size
The Asia Pacific class 7 truck market size was estimated at USD 32.7 billion in 2024. The market is expected to grow from USD 34 billion in 2025 to USD 46.9 billion in 2034, at a CAGR of 3.6%.
Collective market share in 2024 is 7.6%.
Collective market share in 2024 is 16.0%
Asia Pacific Class 7 Truck Market Trends
Asia Pacific Class 7 Truck Market Analysis
Based on fuel, the Asia Pacific class 7 truck market is divided into diesel, natural gas, hybrid electric, and zero emission vehicles. The diesel fuel segment dominated the market, accounting for around 71.3% in 2024 and is expected to grow at a CAGR of over 3.9% through 2034.
Based on horsepower, the Asia Pacific class 7 truck market is segmented into below 300HP, 300HP-400HP, and above 400HP. The below 300 HP segment dominates the market with 39% share in 2024, and the segment is expected to grow at a CAGR of over 3.8% from 2025 to 2034.
Based on application, the Asia Pacific class 7 truck market is segmented into freight delivery, utility services, construction & mining, and others. The freight delivery segment is expected to dominate the market, holding a share of 54.6% in 2024. The segment plays a key role in logistics and the transportation of goods across long and mid-range routes.
Based on ownership, the Asia Pacific class 7 truck market is segmented into fleet operator and independent operator. The fleet operator is the dominant segment and is expected to grow at 4.0% CAGR from 2025 to 2034.
Based on transmission, the Asia Pacific class 7 truck market is categorized into manual transmission, and automatic transmission. The manual transmission segment dominates the market and holds a revenue of around USD 24.1 billion.
China dominated the class 7 truck market with around 46.6% share in 2024 and generated USD 15.3 billion in revenue; owing to continued expansion in infrastructure projects and urbanization fuels strong demand for class 7 trucks used in construction, freight, and utility services.
The class 7 truck market in India is expected to experience significant and promising growth from 2025 to 2034 at a CAGR of 4.2%.
The class 7 truck market in Japan is expected to experience significant and promising growth from 2025 to 2034, holding a share of 11.3% in 2024.
The class 7 truck market in South Korea is expected to experience high growth from 2025 to 2034.
The class 7 trucks market in Australia is expected to experience significant growth from 2025 to 2034.
Asia Pacific Class 7 Truck Market Share
Asia Pacific Class 7 Truck Market Companies
Major players operating in the Asia Pacific class 7 truck industry are:
Asia Pacific Class 7 Truck Industry News
The Asia Pacific Class 7 Truck market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and shipments (Units) from 2021 to 2034, for the following segments:
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Market, By Fuel
Market, By Horsepower
Market, By Application
Market, By Ownership
Market, By Transmission
The above information is provided for the following regions and countries: