Class 8 Trucks Market Size - By Fuel, By Cab, By Axle, By Horsepower, By Application, By Ownership, By Sales Channel, Growth Forecast, 2026-2035

Class 8 Trucks Market Size

The global class 8 trucks market size was estimated at USD 269.4 billion in 2025. The market is expected to grow from USD 272.6 billion in 2026 to USD 411.2 billion in 2035, at a CAGR of 4.7% according to latest report published by Global Market Insights Inc.

The market growth is driven by the rising initiatives and collaborations between regions aimed at expanding the reach of class 8 trucks. The growth of international trade has heightened the demand for the movement of goods across borders, with springing up of new businesses globally. A prime example is the joint announcement made by Bali Express and San Diego Gas and Electric, in April of 2024, declaring their recent achievement of a heavy class 8 electric freight truck successfully traveling from the US to Mexico. It was the first time a semi-truck crossed into Mexico, which is a watershed in the history of this bi-national region on the road to net zero.
 

International trade liberalization and new infrastructure development projects have increased the crossing of class 8 trucks through borders, accelerating the need to fulfill the demand for cross-border transportation of goods. The increased collaboration between regions has resulted in increased interoperability and standardization of transport networks, which further drives cross-regional trade leading to increased demand for investment on class 8 trucks. This increase in demand for cross-class 8 trucks enables not only the growth of the economy of numerous regions, but also faster development and improvement of the globalization system.
 

COVID-19 sharply disrupted the class 8 trucks market due to lockdowns and factory closures in 2020. This caused production and registrations to plunge with global commercial vehicle output down and Class 8 production potentially falling in parts of North America. Supply chain breakdowns, especially semiconductor shortages, extended lead times and delayed deliveries, while economic uncertainty and reduced freight demand led many fleets to postpone purchases. The surge in e-commerce partially offset demand declines by highlighting logistics importance, but overall COVID-19 still caused a notable short-term contraction in Class 8 sales and production.
 

In Asia-Pacific, the transformation of industries and countries in places such as China and India is increasing the necessity for efficient transportation systems to facilitate the movement of products. Also, the growing e-commerce and logistics industries are resulting in a higher need for freight trucks. The increase in infrastructure spending alongside economic development provides supplementary reasons for the increased purchase of Class 8 trucks. The emerging economic strength of the region is likely to keep the need for Class 8 trucks in the Asia-Pacific region high for a long time.
 

In North America the class 8 truck market continues to grow due to the expansion of e-commerce, modernization of fleets, and infrastructural expenditure. Large carriers and owner-operators are replacing older diesel trucks with newly manufactured energy efficient ones to avail the rigorous emission reduction policies and operational cost benefits. Daimler Trucks North America, Volvo Trucks, and PACCAR are the market leaders and as such offer advanced diesel and alternative fuels.
 

Class 8 Trucks Market Trends

The market for class 8 trucks is changing as fast as technology itself. Autonomous systems, telematics, and other efficiency boosting technologies increased the productivity, safety, and overall effectiveness of class 8 trucks. To enhance fleet management, protect drivers, and lower costs, fleet managers are buying new vehicles which come with sophisticated features. Innovation in technology is both forcing the industry to seek out new model trucks, while simultaneously stimulating innovation and development in the industry.
 

These pursuits are an attempt to both modernize goods transportation and boost the effectiveness and safety of class 8 trucks. It is expected that the market will grow further with increased spending on modeling engineering technology by the existing industry leaders. In April 2024, Volvo Trucks North America started ordering the new flagship model for class 8 VNL tractor, aiming for mass production to begin during the summer of 2024, customer deliveries will occur later that year.
 

OEMs appear to be transitioning from pilot projects into considering hydrogen to decarbonize heavy-duty trucking as an essential component of their strategy. The shift seems to be a move away from “concept talk” to a more substantial and collaborative approach, including establishing partnerships, developing supply chains, establishing refueling networks and establishing commercialization roadmaps.
 

Evidence of this shift can be seen in Class 8 Hydrogen Fuel Cell Truck Concept created by Honda in May 2024 at the ACT Expo. Honda is sending the message that hydrogen is not simply a side project by establishing business partnerships through this effort and linking this initiative to their environmental objectives for 2050.
 

Global truck manufacturers are spreading their manufacturing footprint throughout North America to improve their ability to manage operating costs, mitigate logistics risk and remain close to emerging growth markets. Mexico has become an increasingly attractive location due to its cost advantages of labor, as well as access to the better trade agreements and the more established supplier ecosystems while retaining a presence in the US.
 

In April 2024, the Volvo Group announced its plan to build a new heavy-duty truck manufacturing plant in Mexico, parallel to their existing US-based operations. If this plan comes to fruition, Volvo would likely be the only active OEM in the US Class 8 segment operating a plant in Mexico by the year 2026, allowing them to further improve their supply flexibility and cost competitiveness.
 

Class 8 Trucks Market Analysis

Based on fuel, the class 8 trucks market is divided into diesel, natural gas, hybrid electric, and others. The diesel segment dominated the market accounting by 76% in 2025 and is expected to grow at a CAGR of 3.5% from 2026 to 2035.
 

• The primary purpose of diesel trucks, which provide substantial strength, dependability, and long-haul distance, is heavy-duty freight transport. These trucks are essential for other demanding industries like construction and are particularly important for long-haul freight trucking.
   
•  In January 2025, ReVolt introduced a new hybrid powertrain retrofit design for class 8 trucks that is less expensive than buying new battery electric vehicles. The series hybrid system includes a CATL 210 kWh battery alongside an onboard Scania diesel engine, which serves as a generator to charge the battery when in use. It enables 670 horsepower with 3,500 lb-ft of torque, supports 130,000 lbs gross vehicle weight rating, and has a combined range of 1200 miles.
   
• Collaboration between PACCAR and Dana on the electrification of commercial vehicles commenced in May 2023. PACCAR has released the Kenworth T680E and Peterbilt Model 579EV which are both Class 8 battery-powered electric trucks for regional haul and drayage service. These trucks incorporate Dana’s electric drive system which comprise electric motors, inverters, and control software intended to provide dependable and efficient service. The intention of this collaboration is to address the changing needs of the transportation market by providing zero emission options.
   

Based on cab, the class 8 trucks market is categorized as day and sleeper. Sleeper segment dominated the market with 72% share in 2025, and the segment is expected to grow at a CAGR of 5.5% between 2026 to 2035.  
 

• Sleeper cabs allow drivers to rest comfortably while on long trips, letting them comply with rest regulations as they work. Companies appreciate sleeper cabs because they greatly increase driver satisfaction and make it easier to retain drivers.
   
• A reasonable commercial Vehicle Competitive Landscape Q3 2024 Build Plan stated that 70% of Class 8 units manufactured in North America are tractors (semis) and a reasonable portion of them are sleeper cabs for long-haul usage. These vehicles are equipped with advanced driver assistance systems (ADAS) such as Autonomous Emergency Braking, Blind Spot Detection, Lane Departure Warning, and Adaptive Cruise Control, all of which fall under automated safety features.
   
• In regions of the United States where drivers typically come home every day and where weight/cost savings are paramount, such as local deliveries, regional distribution, shipping to/from ports of call (drayage), construction and vocational operations, day cab vehicles tend to prevail. The increased load capacity of a day cab versus its comparable sleeper equivalent allows for an increased payload capacity through the potential for a weight savings of 500-800 kg (1,100-1,900 lbs.) which corresponds to an increase in load capacity of 5-8% for the weight-sensitive applications of bulk commodities, aggregates and maximum-weight containers.
   

Based on sales channel, the class 8 trucks market is divided into OEM and independent dealer. OEM dominated the market and was valued at USD 176.2 billion in 2025.
 

• An OEM channel includes all factory fresh units sold through authorized dealers, orders placed directly with OEMs by large fleet accounts and customized units built to order per application requirements. The OEM channel dominates the purchasing practices of larger fleets because of the compelling value propositions of providing standardized units with warranty support from the OEM, manufacturer financing options typically at a favorable 3-5% and guaranteed trade-in value for a certain period.
   
• Dealers that operate independently of manufacturers and sell Class 8 or larger trucks (the largest class of vehicle) are positioning themselves to strengthen themselves in the marketplace, particularly in areas where there are no or limited dealers owned by manufacturers, by creating a network that complements manufacturers' networks with localized fleet sale, financing support, and post-sale service to fleets.
   
• The pace of new truck acquisition is expedited through the ease of access to new truck inventories, flexible payment solutions, and fleet management solutions for fleets that operate in high-freight demand periods. The independent dealer networks of PACCAR in North America in 2024 provided the majority of Kenworth and Peterbilt Class 8 truck deliveries to smaller fleets, enabling these fleets to acquire new trucks quickly and efficiently while benefiting from maintenance support provided by their dealers.
   

Based on ownership, the class 8 trucks market is divided into fleet operators & independent operators. Fleet operators is the largest segment in market and was valued at USD 182.7 billion in 2025.
 

• Fleet operators have embraced adopting new class 8 trucks with fuel-efficient engines, low operating costs, and greater safety. Fleet operators are focused on acquiring class 8 trucks that provide the lowest total cost of ownership based on fuel efficiency, telematics systems, predictive maintenance, and route optimization technologies. Fleet operators have also been at the forefront of adopting new cutting-edge technologies such as electrification and autonomy.
   
• This increases vehicle uptime, decreasing greenhouse gas emissions, and creating compliance with new regulations. In August of 2024, Tesla's introduction of the Semi to external customers, including PepsiCo, after operating an internal pilot program for two years. During this period of growth, Tesla plans to ramp up production at its Nevada Gigafactory to 50,000 units annually by October 2024.
   
• Trust and operational flexibility are the cornerstones of Class 8 truck demand as operated independently by the companies. With demand for Class 8 trucks being pushed more by independent operators and service providers, there is now an increasing openness found within these operators in advanced technologies, such as autonomous equipment and telematics, with minimal increases in upfront costs.
   
• For example, in June 2024, the Volvo Group announced an extension of their partnership with Aurora to make autonomous Volvo VNL trucks available to commercial fleets operating in Texas. Among these commercial fleet operators are Werner and Schneider." The option of deploying autonomous technologies into real-world freight operations by independent operators and small businesses is growing over time.
   

Based on axle, the class 8 trucks market is divided into 4x2, 6x4, and 6x2. 6x4 is the largest segment in market and was valued at USD 143.3 billion in 2025.

• The need for a 6x4 tandem drive axle has been driven by market growth in vocational applications and a shift in customer preference toward Class 8 by businesses expanding into emerging markets. This configuration provides better traction in poor weather conditions, off-road use, heavier loads, improved stability when towing a trailer, and redundancy to help ensure safety.
   
• As further illustration of this trend, on April 23, 2024, U.S.-based truck manufacturer International (formerly International Motors and part of TRATON Group) will release their International eRH series of all-electric Class 8 regional haul tractors. The International eRH series will be released in 6×4 axle configurations and will have a range of up to 300 miles per charge, depending on configuration, battery capacity, and application.
   
• The 6x2 configuration provides weight distribution for legal payload optimization, additional axle capacity for heavier gross vehicle weights, and tare weight/fuel economy between single and tandem drive alternatives. European markets demonstrate highest 6x2 adoption (25-30%) where sophisticated liftable tag axles optimize efficiency by raising the unpowered axle during empty or light-load operation, saving 3-5% fuel while lowering during loaded operation for legal weight distribution.
   

The China dominated Asia-Pacific class 8 trucks market with revenue of USD 102.84 billion in 2025.
 

• China powered with other developing nations lies in the heart of global logistics and freight and is set to be the largest country driven by the shift in its industrial’s growth and huge e-commerce market. The Statista report also concluded put forth the fact of the government heavily investing and brought in regulations that promote growth that reached around USD 24 billion dollars during the year 2021. The value of the entire China’s logistics industry also reported a staggering 90% increase to around USD 48.2 trillion in 2023.
   
• Prominent Chinese brands, such as, FAW, Dongfeng, Sinotruk and BYD, dominate the local market with affordable diesel and new energy heavy duty trucks. China has an efficient supply chain to cater to raw materials, components, and truck assembly in a cost-effective manner. Moreover, the government’s backing for the construction of infrastructure like highways and logistics centers increases the need for heavy duty trucks.
   

US class 8 trucks market will grow tremendously with CAGR of 5.5% between 2026 and 2035.
 

• Approximately 50% of US production of medium duty (MHCV) and heavy-duty vehicles are made up of Class 8 Trucks, which has become the most important category of commercial trucking within North America. Some leading models in US include Freightliner Cascadia, which was the highest-selling MHCV based upon total production volume in North America, International LT, Peterbilt 589 (produced by PACCAR), and the Mack Anthem, which are all used extensively for long distance freight hauling.
   
• Demand continues to be robust for Class 8 trucks domestically. The anticipated growth within the Class 8 Truck Segment in 2024 will likely be affected by ongoing Supply Chain Issues, which will hinder Production Schedules, and in addition, will cause multiple challenges for Long-haul Trucking Operations; thus, it can negatively impact Fleet Expansion Plans.
   
• Within Canada, in addition to the Challenges already listed above, e-commerce Fulfillment Networks would require 20%-30% through the expansion of Middle-Mile Distribution Capacity, the Infrastructure Investment and Jobs Act provides stimulus for Construction and Vocational Demand, making it an incentive for Fleet Modernization due to the NEW EPA Phase 3 Greenhouse Gas Standards creating an opportunity for Zero-Emission Truck Rentals through the Advanced Clean Truck Rule.
   

The Germany class 8 trucks market in Europe will experience robust growth of 5.9% between 2026 and 2035.
 

• Germany continued to lead in sales of zero-emission heavy trucks in Q1 2025 by holding 35% of the market with 300 units sold. The country supports Europe's largest manufacturing economy. New Euro VII emissions regulations require manufacturers to reduce NOx emissions by 43% compared to previous standards, and the use of real-world data monitoring will trigger a surge of pre-buy activity in 2026 and a correction in 2027-2028, causing volatility in the marketplace as manufacturers react to changes in regulatory requirements and moving forward with an average of 4-5% underlying growth for the next several years.
   
• Germany's current CO2 emissions standards mandate manufacturers to achieve at least a 45% reduction in greenhouse gas emissions by 2030 (versus 2010), which will result in a minimum of 30-40% of new trucks being sold as zero-emission vehicles and will accelerate the use of pure battery electric vehicles (BEV) and hydrogen fuel cell vehicles in the industry.
   
• Other countries are experiencing similar patterns in Class 8 truck demand due to their respective local market conditions. In the United Kingdom, increased domestic manufacturing has been encouraged through post-Brexit policy changes, and a chronic shortage of heavy-goods vehicle (HGV) drivers has driven fleet owners to purchase additional trucks to stay in business.
   
• France is seeing an abundance of urban zero-emission zones, and as a result, interest in low- and zero-emission heavy-duty trucks has spiked. In Italy, the country has taken the lead on the production of natural gas-powered trucks and has embraced an initiative to produce alternative fuel vehicles, along with sustainable transportation options. And Spain is benefitting from an increase in logistics hubs and a growing e-commerce market, thus driving an increase in the demand for long-haul and regional Class 8 trucks.
   

Brazil will experience robust growth of 5.7% between 2026 and 2035.

• Brazil has the region’s largest economy, dominating the overall demand for Class 8 trucks as well as serving as the manufacturing hub for Latin America. The Proconve P8 emissions standard was implemented to promote fleet renewal and therefore the anticipation for a surge in pre-buys happening in 2022, closely followed by 2024-2025, has created significant momentum for the growth of Latin America’s Class 8 truck market.
   
• Aside from Brazil, the remainder of the countries comprising the Latin American region can provide significant opportunities for growth of the Class 8 truck segment. The key drivers of demand for Class 8 trucks across the region will vary due to country-specific factors that will include various industrial developments, export/import-based on trade agreements, etc. The Vaca Muerta shale gas exploration and the Mercosur trade agreements are expected to create heavy-duty freight capacity demand in Argentina.
   
• The nearshoring of manufacturing and integrated trade with the U.S. are favourable trends for Mexico which will include the manufacturing and logistics truck requirements. The continued growth of mining exports in Chile will continue to bolster the demand for heavy-duty and long-haul transport services which will result in continued need for Class 8 trucks supporting the fuel, electricity, and industrial supply chains.
   

UAE class 8 trucks market will grow tremendously with CAGR of 9.9% between 2026 and 2035.

• The United Arab Emirates holds a dominant position in the regional Class 8 truck market, commanding approximately 24% of market share. Growth is driven by major infrastructure and logistics developments, including the expansion of Dubai and Abu Dhabi ports. For example, Jebel Ali port is projected to reach an additional 5 million TEU capacity by 2030. Ongoing construction mega-projects, such as the Dubai Metro extensions and Etihad Rail, along with the development of modern logistics hubs, are further fueling demand for heavy-duty trucks to support freight movement and construction supply chains.
   
• In Saudi Arabia, Vision 2030 initiatives are transforming the logistics and transportation landscape, creating strong demand for Class 8 trucks. Landmark projects like NEOM, The Line, and the Red Sea Development require large-scale construction logistics capabilities, while the National Transport & Logistics Strategy is driving digitalization across freight and transport operations. Together, these factors are boosting the need for modern, high-capacity trucks to support both construction and long-haul freight activities across the kingdom.
   

Class 8 Trucks Market Share

• The top 7 companies in the market are PACCAR, SCANIA, MAN, Daimler, IVECO, Volvo, and International Motors. These companies hold around 36% of the market share in 2025.
   
• Daimler Truck has captured the lead position in the truck and bus market through its various brands, including Mercedes-Benz, Freightliner, Western Star, BharatBenz, and Fuso. These brands compete with one another and are produced in over 40 countries on five continents. Furthermore, Daimler Truck has established itself as the leader in technology for alternative powertrains. It also maintains significant market share by investing heavily in vertical integration of its powertrains.
   
• Volvo is another major competitor in the truck and bus market with strong geographical coverage through its brands. Like Daimler Truck, Volvo Group is a major player in terms of technology and investment in alternative powertrains. In addition to being one of the largest manufacturers of trucks and buses, Volvo Group is one of the world's largest engine and component manufacturers, with an extensive dealer network of over 130 countries
   
• PACCAR has taken a different approach than other companies in its strategy to generate its net profit margin. PACCAR focuses on premium brands such as Kenworth, Peterbilt, and DAF Trucks, and has chosen to forego volume leadership in favor of maximizing profitability.
   
• Scania has established itself as a leader in the truck and bus market by providing premium products, superior service, and innovative products based on modular platform concepts. Scania distinguishes itself from its competitors using modular component systems, which allow customers to create customized configurations based on standardized building blocks, as well as through its comprehensive service networks.
   
• The MAN division predominantly operates within the European markets, particularly having a particularly strong presence in Germany, Austria and Eastern Europe. Casual Brands have developed a brand position as the Volkswagen Group's flagship, or mainstream, Commercial Vehicle brand. Casual Brands are primarily known for being value-driven, efficient and value driven in terms of Total Cost of Ownership.
   
• International Motors focuses on North America's Class 8 market with its international brand. Since International Motors's acquisition by TRATON in 2021, International Motors has now accessed European technology, along with options for electrification and access to the advantages of a global scale. International Motors's historically strong attributes are its vocational market presence, its dealer network and its vertical integration of engines and components.
   

Class 8 Trucks Market Companies

Major players operating in the class 8 trucks industry include:

• Daimler
• Freightliner
• International Motors
• Isuzu Motors
• Kenworth
• Mack Trucks
• MAN
• Peterbilt
• Scania
• Volvo Trucks
   
• The firm has a strong reputation for engineering sophistication coupled with an extensive network of dealers; PACCAR is well known for its. The organization has in its portfolio sophisticated and reliable trucks meant for North America and Europe.
   
• As an innovative leader in the market, PACCAR has made consistent investment in the development of fuel-efficient diesel engines, electric powertrains, and autonomous driving vehicles. Furthermore, PACCAR Financial Services offers fleet-friendly support for new unit purchase financing. Coupled with the company’s strong manufacturing presence base in the US and Europe, it makes clients loyal to PACCAR because of long term fleet contracts and high residual value of PACCAR trucks.
   
• A Volkswagen owned brand, Scania, leads the class 8 truck market in Europe, South America, and some parts of Asia while being known for its excellent fuel consumption, high safety standards, and ecofriendly nature. The modular system of the company allows buyers to configure the trucks for different applications which increases the efficiency of the fleet.
   
• Scania has been foremost in the use of renewable fuels, hybrid powertrains, and battery electric trucks in compliance with Europe’s strict emissions regulations. In addition, Scania driver training implementations and other fleet management programs help customers to improve the fuel economy and reduce operational expenses. This is also an example of innovation together with customization and sustainability, which enables a strong position in the Class 8 truck segment.
   
• Particularly in Europe and some other international areas, MAN has captured quite a bit of the market due to advanced engineering and safety features coupled with powertrain efficiency. The company has a solid presence in logistics, construction, and other specialized fields which augments the versatility of its trucks.
   

Class 8 Trucks Industry News

• In October 2024, Volvo and Daimler Truck have signed a binding agreement to establish a new 50/50 joint venture to develop a software-defined vehicle platform for heavy duty vehicles and drive the industry transformation. The partnership aims to set an industry standard with headquarters in Gothenburg, Sweden. The common goal of the partners is to develop a truck operating system and to offer the joint venture's brand- and versatile application-agnostic products to other commercial vehicle OEMs.
   
• The Lion Electric Company unveiled its new line of electric day cab trucks at ACT Expo in June 2020, demonstrating an increase in interest in regional deliveries for products like this vehicle. The Lion8 has a very heavy-duty application with a gross combined weight rating of 127,000 lbs. and features a 630kWh Battery allowing for a maximum range of 275 miles.
   
• In May 2024, Honda entered the hydrogen fuel cell market in North America with the unveiling of a Class 8 Hydrogen Fuel Cell Truck Concept at the Advanced Clean Transportation (ACT) Expo. The Company is looking for interested business partners to help it achieve no negative impact on the environment by 2050 through the expansion of its hydrogen business.
   
•  In April 2024, The Volvo has intentions to establish a new factory in Mexico for manufacturing heavy-duty trucks. This will be in addition to the rest of the production already taking place in the United States. If this comes to fruition, the OEM will most probably remain the sole active participant of the US Class 8 truck segment to have a plant in Mexico by 2026.
   

The class 8 trucks market research report includes in-depth coverage of the industry with estimates & revenue ($Bn) and volume (Units) from 2022 to 2035, for the following segments:

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Market By Fuel

• Diesel
• Natural gas
• Hybrid electric
• Others

Market By Cab

• Day
• Sleeper 

Market By Axle

• 4x2
• 6x4
• 6x2

Market By Horsepower

• Below 300HP
• 300HP - 400HP
• 400HP - 500HP
• 500HP & Above

Market By Application

• Freight delivery
• Utility services
• Construction & mining
• Others

Market By Ownership

• Fleet operator
• Independent operator 

Market By Sales Channel 

• OEM
• Independent dealer

The above information is provided for the following regions and countries:

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Belgium
  • Netherlands
  • Sweden
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Singapore
  • South Korea
  • Vietnam
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE