Heavy Duty Trucks Market Size & Share 2026-2035

Heavy Duty Trucks Market Size

The global heavy duty trucks market was estimated at USD 308.3 billion in 2025. The market is expected to grow from USD 312.1 billion in 2026 to USD 475.5 billion in 2035, at a CAGR of 4.8% according to latest report published by Global Market Insights Inc.

The market growth is being driven by increasing initiatives and collaborations between regions aimed at extending the reach and adoption of Class 8 trucks. As global commerce thrives, the demand for efficient cross-border transportation of goods has surged. A notable example occurred in April 2024 when Bali Express and San Diego Gas & Electric announced a groundbreaking achievement: the successful journey of a heavy-duty Class 8 electric freight truck from the United States to Mexico. This milestone marked the first-ever semi-truck crossing into Mexican territory, symbolizing a pivotal step in the binational region’s pursuit of a net-zero future.

Initiatives such as trade agreements and infrastructure development projects have streamlined cross-border movement, increasing the demand for heavy-duty trucks to meet transportation requirements. Regional collaborations have further fueled this demand by promoting interoperability and standardization across transportation networks, facilitating seamless cross-regional trade. For instance, France aims to reduce road transport emissions to 81 Mt by 2030, a 40% reduction, with a significant push for 50% of new heavy-duty sales to be low emission by 2030.

The COVID-19 pandemic significantly disrupted the heavy-duty truck (HGV) market, creating a cycle of production halts, supply chain crises, and a subsequent volatile recovery that continues to influence the market. Production was severely hampered by lockdowns and a global semiconductor shortage, leading to record-low replacement rates. As supply chains normalized, the market experienced a "boom" in deliveries due to a massive backlog of orders. Postponed investments due to the pandemic have significantly aged the European truck fleet, with the average age increasing by over 1.5 years by 2024.

The Asia Pacific region is the leading trucking market in terms of value and the focal point of electric vehicle development. The region's growth in e-commerce and infrastructure development has been created for public works projects. Both types of truck will see elevated levels of utilization as many trucking companies expand their use of trucks to deliver goods. By 2030, the Indian logistics industry is expected to become USD 800 billion industry and will be responsible for about 11% contribution to the GDP.

North America market is poised to experience the fastest growth among the major global truck markets because of the combined effects of government incentives, new emissions regulations, and governments' plans to launch pilot projects in key freight transportation corridors across the United States and Canada. Daimler Truck has stated that the number of units of trucks manufactured in North America was 141,814 in 2025, which reflects a sizable decrease from the previous period due to weak freight demand and uncertainty in the overall economy.

Heavy Duty Trucks Market Trends

The rise of electric and alternative fuel-powered Class 8 trucks is transforming the industry landscape, underscoring a growing commitment to sustainability. These advancements not only improve the performance and safety of heavy-duty trucks but also revolutionize goods transportation. With leading manufacturers pushing the boundaries of technology and design, the heavy-duty truck market is poised for significant transformation and growth.

For instance, in April 2024, Volvo Trucks North America began accepting orders for its latest Class 8 VNL tractor. Production of this redesigned flagship model, developed by Volvo Group, is set to commence in the summer of 2024, with customer deliveries scheduled for later in the year. To meet evolving customer demands and regulatory requirements, companies are prioritizing innovation and customization. Features such as autonomous driving capabilities, telematics systems, and improved fuel efficiency are becoming standard offerings.

The continued growth of e-commerce is driving transformational change in the heavy-duty trucking sector by creating more intense demands for efficiency in last-mile delivery and by creating more decentralized regional logistics networks. As the penetration rate of online retail increases, the volume of parcels delivered by both parcel carriers and less-than-truckload (LTL) carriers will also increase.

Zero-emission zones in regions such as California, New York, and several major European cities are encouraging operators to transition toward Class 7 and entry-level Class 8 trucks, which are better aligned with current electric vehicle range limitations of roughly 200–300 kilometres per charge. Large-scale commitments from logistics leaders, such as Amazon’s plan to deploy 100,000 electric delivery vehicles by 2030, highlight early adoption trends driven by regulatory compliance and corporate sustainability goals.

Heavy Duty Trucks Market Analysis

Based on truck, the market is divided into rigid Class 7 and Class 8. The Class 8 segment dominated the market accounting by 58% in 2025 and is expected to grow at a CAGR of 19% from 2026 to 2035.

• A fleet of Class 8 trucks is essential to the business of transporting freight over long distances. In terms of range, payload capacity, and uptime, Class 8 trucks are some of the most important performance indicators for the long-haul freight industry. Toyota Motor North America has taken another step toward its hydrogen fuel cell strategy for heavy-duty freight delivery while at the Advanced Clean Transportation Expo in May 2026, when it released a roadmap showing how it will implement fuel cell technology into its Class 8 trucks by early 2027 across its entire commercial logistics operation.
• There is a growing similarity between the Class 8 truck and the alternative propulsion technologies being developed by the freight transportation industries. With higher frequency of freight movement, producers are utilizing hydrogen fuel cells faster than any alternative system, as they provide shorter time to refuel and have a longer range than a battery electric system, making hydrogen an ideal fuel for long-haul freight delivery.
• Class 7 trucks occupy a significant part of the short-distance freight segment, and class 6 and class 7 trucks are used for regional freight distribution, as well as for certain specific vocational duties where flexibility and proximity to urban centers are required. In April 2025, Accelera by Cummins and Isuzu Motors announced plans to produce a new battery-powered electric driveline for North America's Class 6 and Class 7 trucks, which is expected to be on the market in 2027.

• The diesel heavy-duty truck segment continues to maintain a strong foothold in regional haulage and last-mile logistics, particularly in cost-sensitive and infrastructure-limited markets. In November 2025, Eicher Trucks and Buses launched its newest diesel truck product line in India called the Eicher Pro X demonstrates that notwithstanding widespread electrification, OEM’s are still pouring substantial investments into new diesel technologies that provide better fuel economy, increased durability, and lower TCO (total cost of ownership), for customers who are reliant on operating under predictable long-distance and high-utilization freight cycles.
• Battery electric vehicles (BEV) heavy-duty trucks are implemented in urban freight, regional distribution, and depot-based logistics operations. In December 2025, DHL placed eight units of the Mercedes-Benz eActros 600 battery electric truck into service within major parcel hubs in Germany under a Hylane leasing program. The busy activity reflects the increasing commercial feasibility of BEV trucks utilizing structured logistics networks with predictable route structures combined with the expected return-to-base operations and the accessibility to charging, thus allowing for an easier transition to electrification.

Based on application, the heavy duty trucks market is divided into freight & logistics, construction & mining, utility services, and others. Freight & logistics dominates the market and was valued at USD 231 billion in 2025.

• The primary demand driver for heavy-duty trucks, especially in Class 7 and Class 8 categories, is freight and logistics as the surge in e-commerce and demand for time-based delivery are changing fleet needs. FedEx Freight expanded its fleet in 2024 with the addition of thirty-six heavy-duty electric trucks in Class 7 and Class 8, which represents a key step towards the integration of zero-emission trucks into high-frequency overnight freight operations. This represents a larger industry trend as logistics providers increasingly pursue a balance of service reliability with cost efficiency, compliance with regulations and achieving sustainability targets.
• Mining segment OEMs are concentrating on ultra-high-capacity, distributed drive systems and automation technologies to improve productivity, reduce emissions associated with their operation in incredibly challenging terrains, and reduce total cost of ownership for their equipment. Tonly Heavy Industry's EACON unveiled its EQ100E electric mining truck at the 21st International Coal Mining Technology Exchange and Equipment Exhibition (Beijing) which is an example of an autonomous haulage technology provider's rapidly developing technology.

Based on tonnage capacity, the heavy duty trucks market is divided into 16 to 26 tones, 26 to 40 tones and above 40 tones. The 26 to 40 tones is the largest segment in market and were valued at USD 186.3 billion in 2025.

• Trucks within the 26 to 40 tonne rating are composed of standard tractor-trailer outfits that deliver long-haul and short-haul freight globally through networks of transportation corridors. Growth in this segment is driven primarily from expansion of global trade along with increased tonnages of freight. For instance, the World Bank and OECD logistics indicators suggest that road freight demand is closely correlated with GDP growth, with every 1% increase in industrial output typically driving ~0.8-1.2% growth in road freight volumes.
• The 40 tones plus category are rapidly becoming another high-growth category due to elevated demand from companies who want very large amounts of freight moved quickly and at better cost effectiveness when using long-haul corridors now relatively to the number of freight loads moved via either direct truck or rail or inter-modal modes of transportation. This category is gaining traction due to its ability to reduce cost per ton-kilometer by up to 15–25% compared to lower-weight configurations, particularly in bulk commodities, construction materials, mining outputs, and cross-border intermodal freight operations.

Based on transmission, the heavy duty trucks market is divided into manual transmission, automatic transmission, and automated manual transmission (AMT). The automated manual transmission (AMT) segment is expected to grow at the fastest CAGR of 5.2% between 2026 and 2035.

• The use of Automated Manual Transmission (AMT) in modern heavy-duty trucks has become a leading growth area for the trucking industry. This is due to their fuel economy characteristics like those of manual transmissions but combined with the convenience of automatic transmissions. Thus AMT will be used predominantly, as shown by the fact that AMT dominates the long-haul freight markets where fuel economy can improve between three and eight percent compared to manual systems, while significantly reducing driver work load, particularly with the growing fleet need for telematics integration and optimally used fleets since there are continuing driver shortages and increasing demand for these telematics-based optimally utilized fleets.
• Conversely, manual transmission systems remain relevant only in lower cost market areas and in extreme environments where fleet operators focus on lower prices when purchasing vehicles and prefer to have more mechanical control of vehicle performance for long-haul or off-road applications. However, the share of manual transmission systems is decreasing in developed markets due to the increasing shortage of available drivers, the increasing need for fuel-efficiency, and the increasing focus placed on optimizing fuel consumption.

The China dominated Asia-Pacific heavy duty trucks market with revenue of USD 107.2 billion in 2025.

• The heavy-duty truck market in the Asia-Pacific region is currently the largest and most rapidly growing market in the entire world because of quick industrialization, growth of infrastructure, and the increasing freight and logistics networks. China leads the region's heavy-duty truck market with a well-established domestic manufacturing ecosystem, a strong mandate for the development of sustainable transportation, and significant infrastructure spending. For example, in November 2024, Mack Trucks announced that it had surpassed 200,000 connected commercial vehicles operating within their respective fleets. This demonstrates the strong adoption of telematics and digital fleet management systems on both medium and heavy-duty trucks to enhance uptime and improve operational efficiency.
• The demand for medium and heavy-duty trucks continues to grow significantly in countries such as India, Southeast Asia, Japan, and Australia because of robust growth in construction activities, logistics related to e-commerce, and the implementation of intercity freight corridors. Additionally, the government's initiatives to improve the infrastructure, including the development of industrial corridors, smart cities, and the expansion of highway systems in these countries also contribute to the increased number of medium and heavy-duty trucks on the road.

U.S. heavy duty trucks market will grow tremendously with CAGR of 5.6% between 2026 and 2035.

• North America's heavy-duty truck market is one of the most established and foundational worldwide, thanks in large part to the United States' expansive interstate freight system, significant reliance on long distance truck transportation and robust demand from major industries such as retail, construction, and energy. The North American logistics network is highly dependent on ground transportation, and it is the primary way freight is transported domestically throughout both the U.S. & Canada.
• In addition to declining or fluctuating demand in the past 2-3 years, one of the other main factors impacting U.S. heavy-duty truck manufacturers currently is increasing pressure from U.S. Environmental Protection Agency (EPA) regulations, especially concerning NOx & CO₂ emissions, has also been helping accelerate the move towards electric/hybrid technology as well as alternative fuels for trucks. Major OEMs are still producing at an extremely high rate; for example, Volvo expectations were indicated to be 21,000 trucks in 2025 in the U.S. & Canada as of March 2021. The replacement demand is continuing to drive production despite some deterioration in the economic conditions of the overall industry cycle.

Europe heavy duty trucks market in Germany sold 1,06,107 units in 2025.

• Europe is a highly regulated and technologically advanced heavy-duty truck market, characterized by stringent emission norms, early adoption of electrification, and strong OEM presence. Countries such as Germany, France, and the UK are leading the transition toward low- and zero-emission commercial vehicles, supported by EU-wide climate policies and urban clean-air mandates. The market is increasingly shaped by fleet modernization programs, urban logistics expansion, and investments in connected and efficient freight systems.
• A key development in the region is the rapid adoption of electric and digitally connected heavy-duty trucks across logistics operators and municipal fleets. For instance, in June 2025, DHL Group, Daimler Truck, and Hylane partnered to deploy 30 Mercedes-Benz eActros 600 electric trucks in Germany under a Transport-as-a-Service model, highlighting the growing commercialization of BEV trucks. Strong OEM leadership, combined with government incentives and charging infrastructure expansion, continues to position Europe as a global frontrunner in heavy-duty truck electrification.

The Brazil will experience robust growth of 5.4% between 2026 and 2035.

• The Latin American heavy-duty truck market is driven primarily by mining activity, agricultural exports, infrastructure development, and long-distance freight requirements across large geographic territories. Countries such as Brazil, Mexico, and Argentina dominate regional demand, with Brazil being the largest market due to its strong agribusiness and road freight dependency, where over 60% of goods are transported via highways. Mexico also plays a critical role as a manufacturing and export hub integrated with North American supply chains, supporting consistent demand for Class 7 and Class 8 trucks in cross-border logistics.
• Recent developments highlight gradual modernization of fleets alongside growing emissions awareness, though diesel remains dominant due to infrastructure limitations and cost considerations. For instance, Brazil’s PROCONVE P8 emission standards are pushing OEMs toward Euro VI-equivalent vehicles, accelerating fleet renewal cycles. Additionally, infrastructure investments such as Mexico’s ongoing industrial corridor expansions and Brazil’s logistics concession programs are improving highway connectivity, further supporting long-haul trucking efficiency. However, economic volatility and currency fluctuations continue to impact procurement cycles, making fleet investment decisions sensitive to macroeconomic conditions.

Middle East & Africa heavy duty trucks market in UAE sold 24,580 units in 2025.

• The MEA heavy-duty truck market is strongly influenced by construction activity, oil and gas operations, mining projects, and large-scale infrastructure development. In the Middle East, countries such as Saudi Arabia and the UAE are leading demand, driven by mega-projects including Saudi Vision 2030 initiatives like NEOM and large-scale logistics and industrial zone development in the UAE. These projects are increasing demand for high-capacity dump trucks, tractor-trailers, and specialized heavy-duty vehicles used in construction and energy logistics.
• In Africa, South Africa, Egypt, and Algeria represent key markets, supported by mining operations, urbanization, and infrastructure expansion. For example, South Africa’s mining sector continues to drive demand for heavy-duty haulage trucks used in coal, gold, and platinum extraction activities. Across MEA, while diesel-powered trucks continue to dominate due to fuel availability and operational robustness, gradual adoption of connected fleet technologies and early-stage interest in alternative fuels are emerging in the UAE and Saudi Arabia, supported by sustainability goals and smart mobility initiatives.

Heavy Duty Trucks Market Share

The top 7 companies in the market are PACCAR, Daimler, IVECO, Volvo, Navistar, TRATON, and Sinotruk. These companies hold around 35% of the market share in 2025.

• PACCAR is a leading global manufacturer of premium heavy-duty trucks, best known for its Kenworth, Peterbilt, and DAF brands. The company has a strong presence in North America and Europe, supported by highly efficient manufacturing, robust dealer networks, and a vertically integrated business model that includes financing and aftermarket services.
• Daimler Truck is one of the world’s largest commercial vehicle manufacturers with a diversified global portfolio including Freightliner, Mercedes-Benz, FUSO, and Western Star. The company holds a strong technological leadership position in advanced powertrains, including battery-electric and hydrogen fuel cell trucks, and is actively driving the transition toward zero-emission transportation.
• IVECO  is a prominent European commercial vehicle manufacturer with a strong focus on medium and heavy-duty trucks, buses, and alternative fuel technologies. The company is particularly active in natural gas (CNG/LNG) and emerging electric vehicle solutions, positioning itself as a key player in sustainable mobility transition.
• Volvo is a top company in the world when it comes to heavy-duty truck and construction equipment building and transporting. Volvo makes vehicles known for their safety, fuel efficiency, and innovation through brands like; Volvo Trucks and Mack Trucks in Europe; Nord America. Additionally, they are leading the way with their focus on electric and self-driving technologies by investing heavily in battery electric vehicles.
• Navistar has a strong presence as a manufacturer of commercial vehicles in North America with their International brand. They have a sturdy base in vocational, regional haul, and school buses in both the United States and Canada and are committed to transitioning their products towards cleaner options.
• TRATON  is a worldwide manufacturer of commercial vehicles with multiple brands under its umbrella including Scania, MAN, International (Navistar), and Volkswagen Caminhões e Ônibus. The company focuses on producing premium heavy-duty trucks using modular construction methods along with providing advanced digital fleet solutions. The TRATON Group is focused on investing heavily in electric, self-driving, and smart logistics ecosystems.
• Sinotruk is a China's largest manufacturers of heavy-duty trucks, has a commanding position in the Chinese domestic market for commercial vehicles. Additionally, with the support and assistance of the government, they can offer large-scale production output at a very cost-effective manufacturing rate.

Heavy Duty Trucks Market Companies

Major players operating in the heavy-duty trucks industry include:

• Daimler Truck
• Volvo
• TRATON
• Iveco 
• DAF Trucks
• Ford Trucks
• TATRA Trucks
• BYD
• SANY
• Sinotruk

• Manufacturers and fleet operators in the market are increasingly leveraging digital design, connected telematics, and cloud-based fleet management platforms to improve operational efficiency, safety, and vehicle uptime. Integration of IoT sensors, GPS tracking, AI-powered predictive maintenance, and real-time diagnostics enable monitoring of medium-duty truck performance, driver behavior, and route optimization. These technologies help detect mechanical anomalies, schedule initiative-taking maintenance, optimize fuel consumption, and reduce downtime, while also providing actionable data for fleet planning, cost management, and regulatory compliance.
• Strategic partnerships and technology collaborations are driving innovation in the heavy-duty truck’s ecosystem. Alliances between OEMs, telematics solution providers, software developers, and fleet service companies accelerate deployment of connected vehicle platforms, predictive analytics, and autonomous-capable systems. These partnerships facilitate standardized data exchange, interoperability, and integration with smart logistics and urban mobility platforms. As a result, fleets benefit from enhanced vehicle utilization, reduced operational costs, improved safety, and better compliance with emission regulations, accelerating the global transition toward a fully connected, data-driven, and highly efficient heavy-duty truck ecosystem.

Heavy Duty Trucks Industry News

• The automotive manufacturing company, Daimler Truck North America, has decided to increase the production volume of its Freightliner eM2 electric Class 7 vehicle model to meet the increased demand for zero-emission vehicles. The company received over 480 orders and production slots through 2027, which demonstrates the continued consumer demand for zero-emission vehicles.
• In 2025, Tatra Trucks began developing a hydrogen-powered Truck named the Tatra Force e-Drive FCEV 6x4. This truck is being built on Tatra's 3rd generation Force platform and the company received funding from the EU to help develop the product. It is expected that the fully developed product will be completed by mid-2028.
• In 2025, PACCAR announced the release of next-generation versions of two Tesla trucks, the Kenworth K270E and the Kenworth K370E. Both trucks are battery electric and have a range of more than 300 miles. The two companies have worked together to help reduce the cost of acquiring electric vehicles by streamlining the entire process for electric vehicle owners throughout the United States.
• In April 2025, at the ACT Expo in Anaheim, California, the Hyundai Motor Company introduced the XCIENT fuel cell Class-8 heavy-duty vehicle with a maximum commercial range of 450 miles under optimal driving conditions. This vehicle is powered by an 180kW hydrogen fuel cell.

The heavy-duty 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 Truck

• Class 7
• Class 8

Market By Tonnage Capacity 

• 16 to 26 tonnes
• 26 to 40 tonnes
• Above 40 tonnes 

Market By Propulsion 

• Diesel
• Battery Electric Vehicles (BEV)
• Hybrid & Plug-in Hybrid Electric Vehicles (HEV/PHEV)
• Fuel Cell Electric Vehicles (FCEV)
• Others

Market By Axle

• 4x2
• 6x2
• 6x4
• 6x6
• Others

Market By Horsepower

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

Market By Transmission

• Manual transmission
• Automatic transmission
• Automated Manual Transmission (AMT)

Market By Application

• Freight & Logistics
• Construction & Mining
• Utility Services
• Others

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
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE