Global Heavy Machinery (Large Trucks) Market Growth 2023-2029

Global Heavy Machinery (Large Trucks) Market Growth 2023-2029

Heavy Machinery (Large Trucks) is the largest trucks allowed on the road, mostly used for long-haul purposes. Heavy Machinery (Large Trucks) constitutes an essential part of trucking industry. The trucking industry provides a vital service to the economy by transporting large quantities of goods. Heavy Machinery (Large Trucks) throughout the world is responsible for the majority of freight movement and is vital tools in the Firefighting, Construction, Forestry, Agriculture, Military industries.

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

This Insight Report provides a comprehensive analysis of the global Heavy Machinery (Large Trucks) 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 Heavy Machinery (Large Trucks) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Heavy Machinery (Large Trucks) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heavy Machinery (Large Trucks) 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 Heavy Machinery (Large Trucks).

The global Heavy Machinery (Large Trucks) market size is projected to grow from US$ 166050 million in 2022 to US$ 195850 million in 2029; it is expected to grow at a CAGR of 195850 from 2023 to 2029.

China is the largest Heavy Machinery (Large Trucks) market with about 44% market share. US is follower, accounting for about 14% market share.

The key players are Daimler Trucks, Volvo, Paccar, MAN Group, Scania, IVECO, Oshkosh, Hino, Isuzu, Navistar, KAMAZ, Rosenbauer, Dongfeng, SINOTRUK, FAW, Foton, Shacman, JAC, Saic-Iveco Hongyan, CAMC, DAYUN, BeiBen Trucks etc. Top 3 companies occupied about 38% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Heavy Machinery (Large Trucks) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Complete Vehicle

Incomplete Vehicle (Chassis)

Semitrailer Tractor

Segmentation by application

Firefighting

Construction

Forestry

Agriculture

Military

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.

Daimler Trucks

Volvo

Paccar

MAN Group

Scania

IVECO

Oshkosh

Hino

Isuzu

Navistar

KAMAZ

Rosenbauer

Dongfeng

SINOTRUK

FAW

Foton

Shacman

JAC

Saic-Iveco Hongyan

CAMC

DAYUN

BeiBen Trucks

Key Questions Addressed in this Report

What is the 10-year outlook for the global Heavy Machinery (Large Trucks) market?

What factors are driving Heavy Machinery (Large Trucks) market growth, globally and by region?

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

How do Heavy Machinery (Large Trucks) market opportunities vary by end market size?

How does Heavy Machinery (Large Trucks) 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.