Global Heavy Duty Truck & Tractor Industry Growth and Trends Forecast to 2031

Summary

Heavy Duty Truck & Tractor is the largest trucks allowed on the road, it is mostly used for long-haul purposes. The heavy duty truck is an important component of the trucks; it mainly includes the complete vehicle, incomplete vehicle semitrailer. The heavy duty truck plays an important role on the developing of the economic by transporting the large quantities of goods.

According to APO Research, The global Heavy Duty Truck & Tractor market was estimated at US$ million in 2025 and is projected to reach a revised size of US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2026-2031.

North American market for Heavy Duty Truck & Tractor is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Asia-Pacific market for Heavy Duty Truck & Tractor is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Europe market for Heavy Duty Truck & Tractor is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

The major global manufacturers of Heavy Duty Truck & Tractor include Volvo Trucks, Daimler, MAN, SCANIA, DAF, Kamaz and IVECO, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Heavy Duty Truck & Tractor, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Heavy Duty Truck & Tractor.

The Heavy Duty Truck & Tractor market size, estimations, and forecasts are provided in terms of sales volume (Unit) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Heavy Duty Truck & Tractor market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Heavy Duty Truck & Tractor Segment by Company

Volvo Trucks
Daimler
MAN
SCANIA
DAF
Kamaz
IVECO

Heavy Duty Truck & Tractor Segment by Type

by Axle Type
4x2 Axle
6x2 Axle
6x4 Axle
by Cab Type
2 Passengers Cab
3-6 Passengers Cab

Heavy Duty Truck & Tractor Segment by Application

Sleeper Cab
Day Cab

Heavy Duty Truck & Tractor Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Heavy Duty Truck & Tractor market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Heavy Duty Truck & Tractor and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Heavy Duty Truck & Tractor.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Heavy Duty Truck & Tractor manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Heavy Duty Truck & Tractor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Market Overview

1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Heavy Duty Truck & Tractor Market Size Estimates and Forecasts (2020-2031)
1.2.2 Global Heavy Duty Truck & Tractor Sales Estimates and Forecasts (2020-2031)
1.3 Heavy Duty Truck & Tractor Market by Type
1.3.1 4x2 Axle
1.3.2 6x2 Axle
1.3.3 6x4 Axle
1.4 Global Heavy Duty Truck & Tractor Market Size by Type
1.4.1 Global Heavy Duty Truck & Tractor Market Size Overview by Type (2020-2031)
1.4.2 Global Heavy Duty Truck & Tractor Historic Market Size Review by Type (2020-2025)
1.4.3 Global Heavy Duty Truck & Tractor Forecasted Market Size by Type (2026-2031)
1.5 Key Regions Market Size by Type
1.5.1 North America Heavy Duty Truck & Tractor Sales Breakdown by Type (2020-2025)
1.5.2 Europe Heavy Duty Truck & Tractor Sales Breakdown by Type (2020-2025)
1.5.3 Asia-Pacific Heavy Duty Truck & Tractor Sales Breakdown by Type (2020-2025)
1.5.4 South America Heavy Duty Truck & Tractor Sales Breakdown by Type (2020-2025)
1.5.5 Middle East and Africa Heavy Duty Truck & Tractor Sales Breakdown by Type (2020-2025)
2 Global Market Dynamics

2.1 Heavy Duty Truck & Tractor Industry Trends
2.2 Heavy Duty Truck & Tractor Industry Drivers
2.3 Heavy Duty Truck & Tractor Industry Opportunities and Challenges
2.4 Heavy Duty Truck & Tractor Industry Restraints
3 Market Competitive Landscape by Company

3.1 Global Top Players by Heavy Duty Truck & Tractor Revenue (2020-2025)
3.2 Global Top Players by Heavy Duty Truck & Tractor Sales (2020-2025)
3.3 Global Top Players by Heavy Duty Truck & Tractor Price (2020-2025)
3.4 Global Heavy Duty Truck & Tractor Industry Company Ranking, 2023 VS 2024 VS 2025
3.5 Global Heavy Duty Truck & Tractor Major Company Production Sites & Headquarters
3.6 Global Heavy Duty Truck & Tractor Company, Product Type & Application
3.7 Global Heavy Duty Truck & Tractor Company Establishment Date
3.8 Market Competitive Analysis
3.8.1 Global Heavy Duty Truck & Tractor Market CR5 and HHI
3.8.2 Global Top 5 and 10 Heavy Duty Truck & Tractor Players Market Share by Revenue in 2024
3.8.3 2023 Heavy Duty Truck & Tractor Tier 1, Tier 2, and Tier 3
4 Heavy Duty Truck & Tractor Regional Status and Outlook

4.1 Global Heavy Duty Truck & Tractor Market Size and CAGR by Region: 2020 VS 2024 VS 2031
4.2 Global Heavy Duty Truck & Tractor Historic Market Size by Region
4.2.1 Global Heavy Duty Truck & Tractor Sales in Volume by Region (2020-2025)
4.2.2 Global Heavy Duty Truck & Tractor Sales in Value by Region (2020-2025)
4.2.3 Global Heavy Duty Truck & Tractor Sales (Volume & Value), Price and Gross Margin (2020-2025)
4.3 Global Heavy Duty Truck & Tractor Forecasted Market Size by Region
4.3.1 Global Heavy Duty Truck & Tractor Sales in Volume by Region (2026-2031)
4.3.2 Global Heavy Duty Truck & Tractor Sales in Value by Region (2026-2031)
4.3.3 Global Heavy Duty Truck & Tractor Sales (Volume & Value), Price and Gross Margin (2026-2031)
5 Heavy Duty Truck & Tractor by Application

5.1 Heavy Duty Truck & Tractor Market by Application
5.1.1 Sleeper Cab
5.1.2 Day Cab
5.2 Global Heavy Duty Truck & Tractor Market Size by Application
5.2.1 Global Heavy Duty Truck & Tractor Market Size Overview by Application (2020-2031)
5.2.2 Global Heavy Duty Truck & Tractor Historic Market Size Review by Application (2020-2025)
5.2.3 Global Heavy Duty Truck & Tractor Forecasted Market Size by Application (2026-2031)
5.3 Key Regions Market Size by Application
5.3.1 North America Heavy Duty Truck & Tractor Sales Breakdown by Application (2020-2025)
5.3.2 Europe Heavy Duty Truck & Tractor Sales Breakdown by Application (2020-2025)
5.3.3 Asia-Pacific Heavy Duty Truck & Tractor Sales Breakdown by Application (2020-2025)
5.3.4 South America Heavy Duty Truck & Tractor Sales Breakdown by Application (2020-2025)
5.3.5 Middle East and Africa Heavy Duty Truck & Tractor Sales Breakdown by Application (2020-2025)
6 Company Profiles

6.1 Volvo Trucks
6.1.1 Volvo Trucks Comapny Information
6.1.2 Volvo Trucks Business Overview
6.1.3 Volvo Trucks Heavy Duty Truck & Tractor Sales, Revenue and Gross Margin (2020-2025)
6.1.4 Volvo Trucks Heavy Duty Truck & Tractor Product Portfolio
6.1.5 Volvo Trucks Recent Developments
6.2 Daimler
6.2.1 Daimler Comapny Information
6.2.2 Daimler Business Overview
6.2.3 Daimler Heavy Duty Truck & Tractor Sales, Revenue and Gross Margin (2020-2025)
6.2.4 Daimler Heavy Duty Truck & Tractor Product Portfolio
6.2.5 Daimler Recent Developments
6.3 MAN
6.3.1 MAN Comapny Information
6.3.2 MAN Business Overview
6.3.3 MAN Heavy Duty Truck & Tractor Sales, Revenue and Gross Margin (2020-2025)
6.3.4 MAN Heavy Duty Truck & Tractor Product Portfolio
6.3.5 MAN Recent Developments
6.4 SCANIA
6.4.1 SCANIA Comapny Information
6.4.2 SCANIA Business Overview
6.4.3 SCANIA Heavy Duty Truck & Tractor Sales, Revenue and Gross Margin (2020-2025)
6.4.4 SCANIA Heavy Duty Truck & Tractor Product Portfolio
6.4.5 SCANIA Recent Developments
6.5 DAF
6.5.1 DAF Comapny Information
6.5.2 DAF Business Overview
6.5.3 DAF Heavy Duty Truck & Tractor Sales, Revenue and Gross Margin (2020-2025)
6.5.4 DAF Heavy Duty Truck & Tractor Product Portfolio
6.5.5 DAF Recent Developments
6.6 Kamaz
6.6.1 Kamaz Comapny Information
6.6.2 Kamaz Business Overview
6.6.3 Kamaz Heavy Duty Truck & Tractor Sales, Revenue and Gross Margin (2020-2025)
6.6.4 Kamaz Heavy Duty Truck & Tractor Product Portfolio
6.6.5 Kamaz Recent Developments
6.7 IVECO
6.7.1 IVECO Comapny Information
6.7.2 IVECO Business Overview
6.7.3 IVECO Heavy Duty Truck & Tractor Sales, Revenue and Gross Margin (2020-2025)
6.7.4 IVECO Heavy Duty Truck & Tractor Product Portfolio
6.7.5 IVECO Recent Developments
7 North America by Country

7.1 North America Heavy Duty Truck & Tractor Sales by Country
7.1.1 North America Heavy Duty Truck & Tractor Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
7.1.2 North America Heavy Duty Truck & Tractor Sales by Country (2020-2025)
7.1.3 North America Heavy Duty Truck & Tractor Sales Forecast by Country (2026-2031)
7.2 North America Heavy Duty Truck & Tractor Market Size by Country
7.2.1 North America Heavy Duty Truck & Tractor Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
7.2.2 North America Heavy Duty Truck & Tractor Market Size by Country (2020-2025)
7.2.3 North America Heavy Duty Truck & Tractor Market Size Forecast by Country (2026-2031)
8 Europe by Country

8.1 Europe Heavy Duty Truck & Tractor Sales by Country
8.1.1 Europe Heavy Duty Truck & Tractor Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
8.1.2 Europe Heavy Duty Truck & Tractor Sales by Country (2020-2025)
8.1.3 Europe Heavy Duty Truck & Tractor Sales Forecast by Country (2026-2031)
8.2 Europe Heavy Duty Truck & Tractor Market Size by Country
8.2.1 Europe Heavy Duty Truck & Tractor Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
8.2.2 Europe Heavy Duty Truck & Tractor Market Size by Country (2020-2025)
8.2.3 Europe Heavy Duty Truck & Tractor Market Size Forecast by Country (2026-2031)
9 Asia-Pacific by Country

9.1 Asia-Pacific Heavy Duty Truck & Tractor Sales by Country
9.1.1 Asia-Pacific Heavy Duty Truck & Tractor Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
9.1.2 Asia-Pacific Heavy Duty Truck & Tractor Sales by Country (2020-2025)
9.1.3 Asia-Pacific Heavy Duty Truck & Tractor Sales Forecast by Country (2026-2031)
9.2 Asia-Pacific Heavy Duty Truck & Tractor Market Size by Country
9.2.1 Asia-Pacific Heavy Duty Truck & Tractor Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
9.2.2 Asia-Pacific Heavy Duty Truck & Tractor Market Size by Country (2020-2025)
9.2.3 Asia-Pacific Heavy Duty Truck & Tractor Market Size Forecast by Country (2026-2031)
10 South America by Country

10.1 South America Heavy Duty Truck & Tractor Sales by Country
10.1.1 South America Heavy Duty Truck & Tractor Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
10.1.2 South America Heavy Duty Truck & Tractor Sales by Country (2020-2025)
10.1.3 South America Heavy Duty Truck & Tractor Sales Forecast by Country (2026-2031)
10.2 South America Heavy Duty Truck & Tractor Market Size by Country
10.2.1 South America Heavy Duty Truck & Tractor Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
10.2.2 South America Heavy Duty Truck & Tractor Market Size by Country (2020-2025)
10.2.3 South America Heavy Duty Truck & Tractor Market Size Forecast by Country (2026-2031)
11 Middle East and Africa by Country

11.1 Middle East and Africa Heavy Duty Truck & Tractor Sales by Country
11.1.1 Middle East and Africa Heavy Duty Truck & Tractor Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
11.1.2 Middle East and Africa Heavy Duty Truck & Tractor Sales by Country (2020-2025)
11.1.3 Middle East and Africa Heavy Duty Truck & Tractor Sales Forecast by Country (2026-2031)
11.2 Middle East and Africa Heavy Duty Truck & Tractor Market Size by Country
11.2.1 Middle East and Africa Heavy Duty Truck & Tractor Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
11.2.2 Middle East and Africa Heavy Duty Truck & Tractor Market Size by Country (2020-2025)
11.2.3 Middle East and Africa Heavy Duty Truck & Tractor Market Size Forecast by Country (2026-2031)
12 Value Chain and Sales Channels Analysis

12.1 Heavy Duty Truck & Tractor Value Chain Analysis
12.1.1 Heavy Duty Truck & Tractor Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Heavy Duty Truck & Tractor Production Mode & Process
12.2 Heavy Duty Truck & Tractor Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Heavy Duty Truck & Tractor Distributors
12.2.3 Heavy Duty Truck & Tractor Customers
13 Concluding Insights
14 Appendix

14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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