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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%.
To get key market trends
The rapid transformation of logistics, infrastructure, and industrial operations in the Asia-Pacific are broadening Class 7 trucks from heavy movers to strategically deployed fleet assets. These trucks, which have a GVWR of between 26,001–33,000lbs, are using more telematics, driver-assist devices, plus alternative fuel systems, which means organizations require sophisticated fleet management plans if they intend to collaborate with them within construction, mining, or long-haul transportation.
Many public-private partnerships and emission mandates are influencing the marketplace in Asia-Pacific. The government is rolling out phased BS-VI/ Euro VI standards that will not only incentivize fleet renewal but may even force its purchase. For example, in November 2024 C40 Cities and The Climate Pledge launched Laneshift-India project and are testing 20 Ashok Leyland electric trucks that will run along the Bengaluru-Chennai corridor. These are supported by Amazon and ChargeZone, this six-month pilot program measures the limits of electric technology in cutting emissions from their vehicles and fuel.
Telematics and connected fleet services are maturing as logistics operators seek more effective real-time route optimization, predictive vehicle maintenance, and driver behavior analytics. Fleet digitization and leasing programs are contributing to the adoption of these fleet technologies by SMEs. New subscription-based truck-as-a-service (TaaS) and flexible ownership plans are being introduced in India, Thailand, and the Philippines that will lower the difficulty of deploying a Class 7 fleet into a buyer's own business, especially if that business is operating in construction or in the world of e-commerce logistics.
The COVID-19 pandemic accelerated the adoption of different forms of digital fleet management, contact-less delivery protocols, or e-commerce-backed growth in regional freight demand, as companies began investing back in the mid-mile logistics, alongside the government re-introducing recovery funding programs, each of which helped to reignite market activity direction for better or worse.
China dominates the class 7 market within the Asia-Pacific region with significant investments in infrastructure, high domestic production capability in both large fleets and small, no-name producers, and supply chains developed over decades in the commercial vehicles sector. The continued support of specific road, rail, and smart city technology or program projects has kept demand for high-performance vocational trucks growing.
India is experiencing the fastest growth as urbanization; road freight movement stimulated in part by industrial corridors reinforce its diversification in demand. Domestic manufacturers, Tata Motors and Ashok Leyland are ramping up localized production effort while foreign OEMs are placing stakes with joint ventures to navigate changing regulations and operational requirements within India.
Asia Pacific Class 7 Truck Market Report Attributes
Key Takeaway
Details
Market Size & Growth
Base Year
2024
Market Size in 2024
USD 32.7 Billion
Forecast Period 2025 - 2034 CAGR
3.6%
Market Size in 2034
USD 46.9 Billion
Key Market Trends
Drivers
Impact
Infrastructure development and urbanization
Rapid infrastructure projects and expanding urban areas drive higher demand for Class 7 trucks in construction and local logistics. This fuels sales growth as these trucks are essential for material transport and distribution.
E-commerce and logistics growth
The surge in e-commerce increases the need for reliable, medium-duty trucks to handle last-mile and regional deliveries efficiently. This segment relies heavily on Class 7 trucks for timely goods movement.
Government infrastructure spending
Increased government investments in roads, bridges, and public utilities create steady demand for Class 7 trucks in construction and maintenance. These projects require robust transportation solutions for heavy materials.
Fleet modernization initiatives
Fleets upgrading to newer, fuel-efficient Class 7 trucks reduce emissions and operational costs while meeting stricter regulations. Modernization drives replacement cycles and boosts truck sales.
Pitfalls & Challenges
Impact
High initial investment costs
The upfront cost of Class 7 trucks can be a barrier, especially for small and mid-sized operators. This limits market penetration and slows fleet expansion.
Regulatory compliance challenges
Meeting evolving emission and safety standards increases costs and operational complexity for manufacturers and fleet owners. Non-compliance risks fines and market access issues.
Economic uncertainties and raw material price fluctuations
Volatility in steel and other material prices raises manufacturing costs, impacting truck prices and profitability. Economic downturns can reduce demand for commercial vehicles.
Driver shortage crisis
A lack of skilled drivers limits fleet operation efficiency and delivery capacity. This challenge pressures companies to improve driver retention and invest in automation.
Opportunities:
Impact
Electric vehicle transition
Adoption of electric Class 7 trucks offers reduced emissions and lower operating costs, aligning with sustainability goals. Growing government incentives support this transition.
Autonomous driving technology integration
Self-driving tech can enhance safety, reduce labor costs, and improve operational efficiency in Class 7 trucking. Early adoption provides competitive advantage.
Connected vehicle solutions
Telematics and IoT-enabled trucks allow real-time monitoring, predictive maintenance, and route optimization. This improves fleet productivity and reduces downtime.
Emerging market penetration
Expanding economies in Asia, Africa, and Latin America are increasing demand for medium-duty trucks. Penetrating these markets offers significant growth opportunities.
Market Leaders (2024)
Market Leaders
Hyundai Motor Company
Volvo Group
Collective market share in 2024 is 7.6%.
Top Players
Daimler Truck (Fuso)
FAW Jiefang
Hyundai Motor Company
Sinotruk Group (CNHTC)
Volvo Group
Collective market share in 2024 is 16.0%
Competitive Edge
Heavy investment in advanced technologies such as fuel-efficient engines, telematics, safety features, and compliance with stringent emission norms (e.g., Euro VI, EPA standards) keeps their trucks competitive and attractive to buyers focused on operational cost savings and regulatory compliance.
Manufacturers have extensive global sales and service networks, ensuring wide availability, quick after-sales support, and parts supply crucial factors for fleet operators relying on minimal downtime.
Major players are investing on producing durable, reliable, and high-performance trucks, which builds customer trust and loyalty in the competitive Class 7 segment.
The investment in research and development leads to innovations in truck design, fuel efficiency, and alternative powertrains (like electric and hybrid trucks), helps the companies to hold a remarkable share in the market.
Regional Insights
Largest Market
China
Fastest Growing Market
India
Emerging Country
Australia, Vietnam, Indonesia, Philippines
Future Outlook
The Asia-Pacific Class 7 truck market will grow steadily, fueled by infrastructure expansion, fleet modernization, and regional logistics demand.
Future models will be connected, regulation-compliant, and cleaner, with emerging economies scaling through public-private investments and technology localization.
What are the growth opportunities in this market?
Asia Pacific Class 7 Truck Market Trends
The development of telematics, IOT, and predictive analytics will completely shift the Class 7 truck from original to connected fleets, that are enhanced with the use of smart technology. This trend materialized rapidly with several OEMs like Tata Motors, Scania, and Isuzu are embedding digital dashboards, cloud or platform-based maintenance, and optimal route tools into the common truck. And in support operations for fuel usage, regulation compliance, and the ability to monitor the fleet in real-time.
For instance, in January 2024, Tata Motors has linked more than 500,000 of its commercial vehicles with its Fleet Edge digital telematics platform to provide real-time information on vehicle health, fuel consumption and driver habits with a view to optimization of fleet management and availability.
Tighter emissions legislation, including BS-VI (India) and China VI (China), have made many fleet operators replace older vehicles with cleaner compliant Class 7 vehicles, increased enforcement and changes in penalties have led to a removal of non-compliance. CNG, LNG, and hybrid systems are starting to be adopted, primarily in India, Indonesia, and Vietnam.
For instance, in April 2025, China introduced Stage 4 fuel standards that will reduce fuel consumption limits for heavy-duty vehicles by 12-16% compared to Stage 3. The new regulation will be effective beginning in July 2025 for new models. The regulation includes additional CO2 calculations and revised testing cycles, with a focus on increasing efficiencies on vehicles heavier than 3,500 kg.
The implementation of battery-electric Class 7 trucks in select corridors is becoming more common, because of government-scaled sustainability programs. Much of the movement began with pilot programs such as Laneshift-India, in conjunction with initial hydrogen truck deployments that took place over the last year in China.
For instance, in April 2025, Sinopec rolled out the first cross-regional hydrogen truck corridor in China, covering the distance from Chongqing to Qinzhou Port. The 1,150 km route contains only four hydrogen refueling stations. It was started with 10 trucks; Sinopec intends to expand to 1,500 trucks by 2027 and was identified to save 200,000 tons of CO2 emissions each year.
OEMs are increasingly developing modular and tailored Class 7 truck platforms for diverse uses, including mining, construction, waste management, and reefer logistics. A visibility component was emerging to exemplify modularity because of the requirements for payload flexibility, axle configuration permanence, and demand for specialist bodies.
For instance, in November 2023, Ashok Leyland provided India's first LNG-powered haulage truck, the AVTR 1922, to Mahanagar Gas that was built on the modular AVTR platform with a BS VI compliant H-series engine that provided lower emissions than diesel vehicles, high component commonality to diesel, and sustainability logistics.
Asia Pacific Class 7 Truck Market Analysis
Learn more about the key segments shaping this market
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.
The Asia Pacific Class 7 truck market is dominated by diesel-powered trucks, due to the well-established fueling infrastructure, low-cost, and the suitability for long-haul and heavy-duty applications. Diesel continues to dominate as a fuel for fleet owners, due to its high energy density and favorable TCO (total cost of ownership). Countries such as China, Japan, and Australia have reasonable supply chains for diesel fuel, thus the advantage of diesel in both intra-city and inter-city freight transport remains strong.
Zero-emission vehicles (ZEVs) are the fastest-growing vehicle segment inclusive of decarbonization targets, incentives, and advancements in technologies. In China, the deployment of ZEVs continue extensive scaling with pilot deployments evolving through ASEAN urban corridors, and the logistics around ports. These vehicles have low operating costs and statutory guidance from government.
Natural gas vehicles have been gaining some level of traction in their moderate levels of deployment in urban logistics and municipal fleets. This can be attributed to advanced emission norms, reduced noise pollution, and reduced operating costs to those regions with LNG/CNG fueling options. In Asia, India and China have expanded city deployments via government incentives. The more limited fueling options on rural routes and barriers for cross-border utilization of trucks have limited support for natural gas.
Hybrid electrification trucks are a transitional truck technology for countries that are under strong regulatory impetus to reach a net zero carbon transport goal, but do not yet have the full electrification capability. Hybrid trucks can have an appeal to sectors that need flexibility of fuel options and compliance around emissions. While the hybrid options have historically been less plentiful than diesel options, the hybrid offerings have increased utilization in last mile and light industrial sectors, particularly in Japan and South Korea.
For instance, in August 2024, Daimler India announced they launched Bharat Benz heavy duty trucks with improved fuel economy from a newly designed BSVI Stage-2 diesel engine that had new safety features, multiple axle options for a range of industrial applications.
Learn more about the key segments shaping this market
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.
300 HP segment is the mainstay for freight and infrastructure development transport sector. This horsepower range truck offers a good combination of power, efficiency, and regulatory compliance for fleets doing medium to longer-haul logistics or moving construction materials or in industrial supply chains.
OEMs like Tata Motors, Isuzu, and Hino all now sell a wider range of robust 300HP+ models to local geography and payload circumstances. Ultimately, fleet customers preferred the 300HP+ class for its operational versatility, service networks and dependability of performance in both urban and semi-rural corridors.
For instance, In November 2023, Eicher Trucks launched a new Non-Stop Series of heavy trucks with the Pro 6048XP, which has a 300 HP VEDX8 engine with 1,200 Nm torque. This truck is purposefully built for long-haul travel with maximizing uptime and fuel efficiency in mind. Full digital connectivity was achieved through the My Eicher app and AI-enabled diagnostics.
The below 300HP segment has been growing at the fastest rate as intra-city logistics have expanded and last-mile freight requirements have increased in importance, and relocated regulatory practices are encouraging lower-capacity, more fuel-efficient, lighter-duty Class 7 trucks. Sub-300HP truck offerings have been adopted at a swift rate in countries such as Indonesia, Vietnam and the Philippines due to riding road widths, urban density and exclusion targets.
The above 400HP segment has a limited but steady account with specialized industrial uses, generally correlated to mining, long-haul bulk transport, and heavy construction, thus contributing to relative stability in demand. The generally steady market nature of the above 400HP space is seemingly countered by higher upfront costs, fuel consumption, and operational complexities, thus limiting growth opportunities. Though heavy-duty truck manufacturers will continue to offer higher-output variants of trucks, growth is clear where operationally restrictive to applications associated with fleet needs.
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.
The large logistics firms and e-commerce companies remain the leading industries, and the economic sustainability facilitated improvements in the service delivery functions of larger operators, companies now invest more in the uptake of class 7 trucks, as they are deemed to efficiently operate at higher levels of uptime to achieve desired sectors of delivery and having fuel efficient measures with integrated route optimization software and real-time tracking has resulted in greater efficiencies.
Furthermore, through improvements made in public infrastructure and the increasing demand from consumers, it can be expected continued investment will reinforce growth into freight specific truck models in emerging markets such as India, China, and South East Asia.
For instance, in April 2023, Volvo Trucks India delivered its 325th FM 4×2 tractor-trailer and received a Letter of Intent for another 200 units to continue its freight operations with Delhivery. The FM 4×2 is operated in Delhivery's mid-mile freight business where many trucks exceed 25,000 km per month and support high-performance, fuel-efficient logistics.
The utility service segment is the fastest growing area supported by rising urbanization, smart cities, and the electrification of municipal fleets. Utilities and government agencies have begun deploying Class 7 trucks for their waste management, water services, and energy infrastructure maintenance fleets, many times either fuel-cell Electric vehicles (EV), or hybrid. The sector is being stimulated by sustainability legislation, and pushing public-private partnerships, that integrate costs of cleaner, digitally integrated fleets of utility services.
The construction and mining markets especially in countries like Indonesia, Vietnam and Australia, remain strong with continued government investment in infrastructure projects, future profitability growth will be muted compared to freight and utilities. The segment depends heavily on diesel-powered trucks with modular payload configurations tailored to site demands.
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.
Fleet operators are the bulk of Asia Pacific class 7 truck market, predominant in the regional logistics, construction, and public sector with their larger fleet sizes and cost priority, compliance and uptime. Having large scale, fleet operators can bulk procure vehicles and maintain an integrated maintenance ecosystem, adopt fleet management technologies such as telematics and predictive diagnostics, along with other value-added technologies.
The independent operator segment is fastest growing from an entrepreneurial and last-mile perspective, despite it being a smaller portion of the Asia Pacific class 7 truck market. The independent operator segment shows a CAGR over 2.8%, which is assisted by more financing vehicles available, digital freight matching or load-matching platforms, and increased subcontracting of logistics activities by third-party logistics firms (3PL and others).
For instance, in July 2024, Singapore based Goldin Shipping took delivery of twenty Volvo FM trucks, then upgraded its fleet with the purchase of twenty trucks through UD Trucks Singapore. These trucks contain many features such as AI powered fuel metering, dual-clutch gearboxes I-Shift, and voice control features to drive efficiency, safety, and productivity.
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.
Manual transmission segment dominates the Asia Pacific class 7 truck market, owing to its cost, mechanical simplicity, and lasting preference in fleet applications. They are especially prominent in the construction, mining, and regional logistics sectors as they allow drivers to maintain greater control of the power being delivered across rugged terrain, or in the context of a variable load. The focus from manufacturers has been on reliability, low maintenance, and fuel economy, all of which align themselves with fleets that are price and value sensitive, namely India, Indonesia, and Vietnam.
The automatic segment is the fastest growing. It is expected to grow at a CAGR of 3.3%. The growth is driven by urban freight demand, driver comfort, and legislation designed to achieve cleaner, and more efficient transport. The automatic transmission provides quicker shifts, reduces driver fatigue, and is showing improved economy in congested and stop-start traffic. OEMs including, Volvo, Daimler, and Isuzu are scaling AMT and automatic choices in new Class 7 launches across Japan, South Korea, and Australia.
Looking for region specific data?
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.
China dominates the Asia Pacific class 7 truck market due to its extensive logistics sector, government-led industrial modernization, and high domestic demand for mid-to-heavy commercial vehicles. Government-led initiatives, such as "Made in China 2025" and state-required emissions regulation, have motivated OEMs to innovate quickly to improve fuel efficiency, telematics, and electric drivetrains within their vehicles.
The presence of domestic leaders including FAW Jiefang, Dongfeng, and Sinotruk, which are vertical integrated manufacturers, contribute to cost-effectiveness, and added turnover of their fleets which enhances China's market control and potency.
China's dominance made possible with massive infrastructure developments inclusive of primary logistically controlled assets through high-speed logistic corridors and smart urban mobility (transit) projects. These actions have driven demand for mid-heavy commercial vehicles in the freight business both intra-city and across provinces.
For instance, in June 2024, Sinotruk launched the HOWO-TS7 next generation truck, which has a new Weichai NG4.0 gas engine with the new S-AMT16 transmission featuring 99.8% efficiency, allowing for quicker delivery times, designed and marketed to allow for smarter, cleaner heavy trucks.
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%.
India is expected to experience substantial growth in the class 7 truck market due to rapid infrastructure growth, growth in e-commerce-based logistics, an expanded road network and industrial corridors being developed through government schemes such as the Gati Shakti program, and Bharatmala project. Each of these schemes has been boosting mid to heavy duty freight movement, especially across states and regions.
Indigenous OEMs India such as Tata Motors, Ashok Leyland and Bharat Benz are offering new Class 7 trucks that use advanced technology, greater fuel efficiency, modularity, and digitized fleet solutions for customers who perform regional haulage, and mining and construction projects.
The current policy frameworks such as scrappage policy, BS-VI emissions standards and production linked incentives (PLI) are contributing to fleet modernization since they have created demand for cleaner and higher-capacity trucks and are developing the clean green energy space while building climate and sustainability goals.
India continues to develop smart cities and logistics parks across important states such as Maharashtra, Tamil Nadu, and Gujarat, in the beginning. The urban and intercity freight vehicle demand will continue to follow in the 300-400HP segment through manual transmissions and the presence of key indigenous players.
For instance, in the Auto expo 2023 held in December 2023, Tata Motors launched more than 14 advanced models of commercial vehicles related to clean energy and smart mobility such as hydrogen ICE, fuel cell EV, battery EVs, inland LNG powered Prima trucks.
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.
Japan has a more developed manufacturing system, above which it is not possible to improve logistics, due to the focus on sustainable transportation. Japan's interest in reliability, fuel economy, and safety technologies are empowering OEMs to invest in product innovation and intelligent systems for vehicles.
The government's regulation of emissions, vehicle safety, and digital specification integration, fleet operations reflect the desire to retool and upgrade with cleaner and smarter Class 7 trucks. Japan's commitment to carbon neutrality by 2050 and end-of-life support for both hybrid and low-emission freight vehicles are positive market tails.
Large domestic suppliers will continue to refine mid- and heavy-duty products for urban delivery, construction, and regional freight in response to demands in the market for updated medium- and heavy-duty models. Hino Motors, Isuzu, and others are integrating ADAS, telematics, and modular chassis with an evolving focus based on changing demands in their respective sectors.
Japan is developing smart cities and urban logistics which translates to ongoing need for mid-heavy trucks like last-mile freight automation and application of electric trucks in mega-city forms like Tokyo and Osaka.
For instance, in October 2023, Isuzu and Honda introduced the GIGA FUEL CELL, a 25-ton hydrogen-powered, heavy-duty truck, at the Japan Mobility Show. Able to drive over 800 km and with an external Power Supply of 530 kWh of output, it is also a mobile power station on wheels. Public road testing commenced in December 2023 and a commercial launch is on track for 2027.
The class 7 truck market in South Korea is expected to experience high growth from 2025 to 2034.
South Korea is poised for significant growth in the class 7 truck market, with its advanced manufacturing capacity, availability of domestic logistics demand which is important in a market that has been predominately diesel powered, and government-led support for clean and connected mobility. The nations intent to promote innovation, automation, and sustainability is accelerating the adoption of Class 7 trucks in many industries.
The major domestic OEMs, such as Hyundai Motor Company, are making strides to invest in smart-logistics vehicles, including both diesel and zero-emission Class 7 trucks. For instance, in April 2023, SK Energy introduced the nation's first-ever public hydrogen refueling station for heavy-duty trucks, in Ulsan, has a fueling capability of approximately 80 kg/hour and fuels up to 40-unit trucks daily, making hydrogen freight powered transport more of a tangible reality.
The governmental initiatives like the Korean New Deal and Green Mobility Strategy aimed at accelerating fleet electrification and modernization, subsidies, carbon emission targets, and smart logistics consortiums increased the demand for Class 7 trucks, particularly in the realms of urban freight and industrial corridors.
South Korea's booming e-commerce and increasing industrial export sectors are expanding the need for mid-heavy-duty transportation, advancing the fleet expansion of logistics companies and third-party freight (3PL) shipping companies. Moreover, the presence of high-tech logistics parks and automated depots in urban areas further supported demand.
The class 7 trucks market in Australia is expected to experience significant growth from 2025 to 2034.
Australia is expected to grow, with the country's mining, construction and long-haul logistics sectors all being strong. Demand for heavy-duty trucks continues to rise from infrastructure spending, region freight expansion and stringent emissions regulations which drive fleet renewal.
Kenworth and Volvo Trucks have also further localized manufacturing and introduced greater number of fuel-efficient, specific emission-compliant Class 7 trucks. Given Australia’s relative preference for trucks built to be durable and capable of travelling long distances on different terrains, both leaders in OEMs are perfectly aligned.
The government's aim of gradually decarbonizing freight through incentives for low emission vehicles and a transition towards cleaner fuel standards will undoubtedly see fleets exploring alternative powertrains, including electric and hydrogen options, in the new-generation Class 7 truck.
The growth is occurring for many companies based on mining in Western Australia and Northern Territory, whilst reliable heavy trucks are needed to connect areas. Digitizing fleet operations and streamlining delivery and transit routes are enabling the evolution of other Australian sectors. Australia is a consistent contributor to the demand for Class 7 trucks in the Asia-Pacific.
Asia Pacific Class 7 Truck Market Share
The top 10 companies in the Asia Pacific class 7 truck industry are Volvo Group, Daimler Truck, Isuzu Motors, Hino Motors, FAW Jiefang, Sinotruk Group, Ashok Leyland, Tata Motors, Hyundai Motor Company, and SHACMAN contributing around 18.2% of the market in 2024.
Volvo Group is a major player in the Asia Pacific heavy-duty truck market (Swedish multinational). Volvo Trucks is known globally for engineering and safety, covering long haul and construction. Commonly, in Australia, Japan and South Korea, the FM and FH series is available, with advanced fuel efficiency and telematics solutions.
Daimler Truck operates in the Mercedes-Benz and Mitsubishi FUSO brands in the Asia Pacific. FUSO, a Japanese company, is strong in Southeast Asia and Oceania, with tough, fuel-efficient trucks that serve logistics and construction. Daimler Truck is moving towards low emission technologies and connectivity, and has continuing growth with EV trucks in emerging markets.
Isuzu is one of Asia's largest manufacturer of commercial vehicles such as Isuzu N-Series and F-Series. Isuzu's Class 7 product is generally used for urban delivery, waste management and construction. Isuzu produces strong trucks and has a reputable dealer network, is reliable and has ensured strong after sales service and recalls to hold favorable markets including Thailand, Indonesia and Australia.
Hino, a subsidiary of Toyota Group, produces medium and heavy-duty trucks in Asia Pacific regions. The Hino 500 series Class 7 trucks are the most successful in the line-up and can be seen across the logistics and industrial sector. Hino has invested heavily in hybrid powertrains and in safety features while retaining a strong manufacturing base and service base in Southeast Asia and Oceania.
FAW Jiefang is a leading and major Chinese truck manufacturer. The company runs the heavy-duty segment with applicable solutions for the domestic market and is also gaining traction in the ASEAN and South Asian marketplaces. FAW Class 7 trucks are known for low purchase costs and rugged operation. The company is also branching out into alternative fuel vehicles, focusing on LNG and electric trucks.
The CNHTC group (China National Heavy Duty Truck Group) is the chief exporter of Class 7 trucks and Sinotruk is the main manufacturer of Class 7 trucks, especially in the emerging Asia-Pacific economy. The HOWO brand is synonymous with excavation and quarrying applications, as noted for its strength and adaptability. Sinotruk is focused on traditional diesel trucks that are cost-effective and have high power. In addition, it is slowly entering the electric vehicle truck market via partnerships.
Ashok Leyland, based in India, is one of the major truck manufacturers regionally. Ashok's Class 7 trucks are primarily used for freight and public transport solutions, particularly in South Asia. The company prides itself on its indigenous, in-country R&D, its i-Gen6 engines, and its modular platforms to support customer business applications.
Tata Motors, which is involved in the heavy truck market in Asia and Africa. The Prima and LPT series have Class 7 solutions for urban deliveries and long-haul logistics. Tata has been working in connected vehicle technology, alternative fuels, and electric mobility.
Hyundai Motor Company is continually rolling out all of its Class 7 trucks in the Asia Pacific region, primarily through its Xcient series. Hyundai is bringing both diesel and hydrogen fuel cell trucks to the market with a focus on fuel efficiency. The company's emphasis on advanced digital fleet management solutions and vehicle safety technology offer strong benefits for today's logistics operators.
Asia Pacific Class 7 Truck Market Companies
Major players operating in the Asia Pacific class 7 truck industry are:
Ashok Leyland
Daimler Truck
FAW Jiefang
Hino Motors
Hyundai Motor Company
Isuzu Motors
SHACMAN
Sinotruk Group
Tata Motors
Volvo Group
Volvo Group, Daimler Truck, and Hyundai Motor Company champion technological innovation to deliver safety and sustainable transport solutions. Volvo Group is developing telematics, fuel efficiency, and driver safety through models like its FM and FH model, which are designed for Asia-Pacific's long-haul, and infrastructure-focused markets.
Daimler Truck recently published fleet average tank-to-wheel greenhouse gas emissions targets which will aid compliance with stricter emissions frameworks; it offers electrified and connected trucks via Mercedes-Benz, FUSO, and has recently led the charge in fleet solutions. Hyundai is also developing hydrogen powered Class 7 trucks (the Xcient Fuel Cell), and expanding smart logistics platforms in markets such as South Korea and New Zealand.
Isuzu Motors, Hino Motors, and Tata Motors are all mindful of value, cost, and suitability. Isuzu is strong in urban distribution and construction pose, with a solid dealer network in Australia and ASEAN markets. Hino Motors, supported by Toyota, can leverage its hybrid technology and modular configurations for various payload markets. Tata Motors markets to price-sensitive groups with its Prima and LPT series trucks which all tout fuel economy results, market provisioning for driver comfort, and aftersales service in their target markets, particularly India, Bangladesh, or Middle East.
FAW Jiefang, Sinotruk Group, and Ashok Leyland live in a price-sensitive, developing market for rugged trucks, for mining, construction, and logistics, that are truck-powerful. FAW Jiefang is capitalizing on its existing vast domestic market base to launch into Vietnam, Indonesia, and Pakistan with low-cost, heavy-duty trucks.
Sinotruk (HOWO branded vehicles) are primarily export-based, diesel heavy, class 7 trucks, having just announced investments into electric versions of their trucks. Ashok Leyland concerns itself more on local manufacturing, modular-chassis, or digital diagnostics with the company enjoying strong sales in India, Sri Lanka, and African states in similar developing conditions.
Asia Pacific Class 7 Truck Industry News
In July 2025, FAW Jiefang presented KOMTRANS J7 tractor, KOMTRANS JH6 dump truck, and Tiger 6G light truck in Kazakhstan with the focus on J7 tractor at 550 hp and long-range. FAW also highlighted its growing service network in central Asia to facilitate its growth in the region.
In June 2025, Daimler Truck and Toyota announced the merger of Fuso and Hino to create a new company headquarters in Tokyo, starting in April 2026, to advance electric and hydrogen truck development in the Asia-Pacific region
In May 2025, Linfox has 30 electric trucks on order from Volvo. This included 10 that were built locally in Brisbane by Volvo; a milestone in the manufacture of electric trucks in Australia, and the potential to help stimulate the electrification of fleets in the area.
In February 2025, Hino Motors Vietnam presented their Euro 5 truck range at the Dai Phat Tin dealership located in Ho Chi Minh City. This notable event included product demonstrations, customer handovers, and an introduction to the HINO-CONNECT telematics system, which drives cleaner and more efficient fleet operations.
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:
to Buy Section of this Report
Market, By Fuel
Diesel
Natural Gas
Hybrid electric
Zero Emission Vehicles
Market, By Horsepower
Below 300HP
300HP-400HP
Above 400HP
Market, By Application
Freight delivery
Utility services
Construction & Mining
Others
Market, By Ownership
Fleet operator
Independent operator
Market, By Transmission
Manual transmission
Automatic transmission
The above information is provided for the following regions and countries:
China
India
Japan
South Korea
ANZ
Vietnam
Indonesia
Philippines
Singapore
Rest of Asia Pacific
Author: Preeti Wadhwani, Satyam Jaiswal
Frequently Asked Question(FAQ) :
Who are the key players in the Asia Pacific class 7 truck industry?+
Key players include Ashok Leyland, Daimler Truck, FAW Jiefang, Hino Motors, Hyundai Motor Company, Isuzu Motors, SHACMAN, Sinotruk Group, Tata Motors, and Volvo Group.
What are the upcoming trends in the Asia Pacific class 7 truck market?+
Key trends: telematics and IoT integration, stricter emissions rules, adoption of CNG/LNG/hybrid systems, battery-electric trucks, and modular truck platforms.
What is the growth outlook for the freight delivery segment from 2025 to 2034?+
The freight delivery segment, which held a 54.6% market share in 2024, due to its critical role in logistics and mid-to-long-range goods transportation.
What was the market share of the below 300 HP segment in 2024?+
The below 300 HP segment dominated the market with a 39% share in 2024 and is set to expand at a CAGR of over 3.8% from 2025 to 2034.
What is the market size of the Asia Pacific class 7 truck in 2024?+
The market size was estimated at USD 32.7 billion in 2024, with a CAGR of 3.6% expected through 2034. The growth is driven by advancements in logistics, infrastructure, and industrial operations across the Asia-Pacific region.
What is the projected value of the Asia Pacific class 7 truck market by 2034?+
The market is poised to reach USD 46.9 billion by 2034, fueled by the adoption of connected fleets, stricter emissions regulations, and the implementation of sustainable technologies.
How much revenue did the diesel fuel segment generate in 2024?+
The diesel fuel segment generated approximately 71.3% of the market share in 2024 and is expected to witness over 3.9% CAGR till 2034.
Which country leads the Asia Pacific class 7 truck sector?+
China leads the market with a 46.6% share in 2024, generating USD 15.3 billion in revenue.