Global Class 5 Truck Market Growth 2023-2029

Global Class 5 Truck Market Growth 2023-2029

Class 5 truck has GVWRs for this class range between 16,001 to 19,500 pounds and usually have three axles or more.

LPI (LP Information)' newest research report, the “Class 5 Truck Industry Forecast” looks at past sales and reviews total world Class 5 Truck sales in 2022, providing a comprehensive analysis by region and market sector of projected Class 5 Truck sales for 2023 through 2029. With Class 5 Truck sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Class 5 Truck industry.

This Insight Report provides a comprehensive analysis of the global Class 5 Truck landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Class 5 Truck portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Class 5 Truck market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Class 5 Truck and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Class 5 Truck.

The global Class 5 Truck market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Class 5 Truck is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Class 5 Truck is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Class 5 Truck is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Class 5 Truck players cover Isuzu, Freightliner Trucks, Kenworth, Peterbilt, Ford, Hino, Caterpillar, Daimler AG and Komatsu, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Class 5 Truck market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Diesel Truck
Electric Truck
Hybrid Truck
LNG Truck

Segmentation by application
Utility
Transportation
Construction
Mining
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Isuzu
Freightliner Trucks
Kenworth
Peterbilt
Ford
Hino
Caterpillar
Daimler AG
Komatsu
Doosan
Hitachi
Toyota

Key Questions Addressed in this Report

What is the 10-year outlook for the global Class 5 Truck market?

What factors are driving Class 5 Truck market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Class 5 Truck market opportunities vary by end market size?

How does Class 5 Truck break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.