1. Market Research
  2. > Automotive
  3. > Motor Vehicle
  4. > Commercial Vehicle Market Trends
Heavy Trucks Global Market Report 2022

Heavy Trucks Global Market Report 2022

  • May 2022
  • 175 pages
  • ID: 6277707
  • Format: PDF
  • The Business Research Company


Table of Contents

Major players in the heavy trucks market are Volvo Trucks, Daimler, Paccar, Isuzu Motors Ltd, TATA motors, Eicher Motors Ltd, Dongfeng Motor Group Company Ltd, Navistar, Ford Motor Company, and Volkswagen.

The global heavy trucks market is expected to grow from $189.88 billion in 2021 to $206.23 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The market is expected to grow to $269.44 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%.

The heavy trucks market consists of sales of heavy trucks and related services by entities (organizations, sole traders, and partnerships) that produce complete heavy trucks and vehicles to transport bulk goods. Only goods and services traded between entities or sold to end consumers are included.

The main types in the heavy trucks market are class 5, class 6, class 7, class 8.The class 8 trucks refer to the class 8 trucks that are used commercially that have great load capacity.

The various fuel types include diesel, natural gas, hybrid electric, gasoline. These are used in construction and mining, freight and logistics, other applications.

North America was the largest region in the heavy trucks market in 2021.Asia Pacific was the second-largest region in the heavy trucks market.

The regions in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.

Growth in the demand for heavy trucks from end-users such as in construction, mining, and other sectors is contributing to the growth of the heavy trucks manufacturing market.According to executives of leading truck makers, an increase in construction activities boosted the sales of tipper trucks, concrete mixers, and other heavy vehicles.

Also, the 2019 annual report from the American Trucking Association indicated that the revenue of the trucking industry was reported to be $796.7 billion. In June 2019, around 344,000 class 8 trucks were sold in the American market. An increase in demand for heavy trucks from the end-users is expected to drive the heavy truck market in the forecast period.

COVID-19 outbreak across the globe has impacted the production and demand for heavy trucks and this is expected to restrain the heavy trucks market during the forecast period.The pandemic has led to restrictive containment measures involving social distancing, remote working, and closures of several manufacturing units to contain the disease.

Such lockdown norm has led to supply chain disruptions across several industries including heavy truck manufacturing industries. According to S&P Global Inc., a financial information and analytics company indicated that global sales of heavy-duty trucks will decline by 20% to 30% in 2020 due to the COVID-19 impact. In 2019, 2.3 million units were sold which declined to 1.7 million units in 2020, further the sales recovery is expected by 10% by 2021. Therefore, the COVID-19 outbreak is a major restraining factor that is expected to impact the growth of the heavy trucks market negatively.

Vehicles fitted with advanced driver-assistive technologies and safety features are new trends in the heavy trucks market.Advanced driver-assistive technologies include features like Collision Mitigation System (CMS) and a Lane Departure Warning System (LDWS) aiming to reduce road accidents and increase vehicle safety.

For instance, in 2019, Volvo Trucks launched the Next Iteration of Volvo Active Driver Assist in VNR VNL and VNX models. The system increase the original VADA platform by integrating radar and camera capabilities to support drivers maintaining a safe following distance by alerts and developed traffic awareness, including emergency braking to decrease the risk of collisions.

In March 2019, Daimler Trucks, a German multinational automotive corporation and manufacturer of heavy and medium trucks, acquired Torc Robotics, a pioneer in autonomous driving, to create a technology powerhouse for automated trucks, for an undisclosed amount. The acquisition will help Daimler to jointly develop and test automated trucks with SAE Level 4 intent technology on public roads.

The countries covered in heavy trucks market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

India Agricultural Tractor Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • $ 4750
  • May 2022
  • 99 pages

The Indian agricultural tractor market is projected to witness a CAGR of 8.9% during the forecast period 2022- 2027. The tractor sales in India decreased only in April 2020 due to lockdown restrictions. ...

  • India
  • Tractor
  • Agricultural Machinery
  • Industry analysis
  • Disposable Income
  • Tractor Sales


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on