Learn about the global heavy trucks market through The Business Research Company, which provides information on heavy trucks market size, heavy trucks market drivers and restraints, heavy trucks market players, the COVID-19 impact on the heavy trucks market, and more.

The global heavy trucks market size 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 global heavy trucks market is then expected to grow to $269.44 billion in 2026 at a CAGR of 6.9%.

An increase in demand for heavy trucks from the end-users is expected to drive the heavy truck market in the forecast period.

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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.

Global Heavy Trucks Market Segments Include:

By Type: Class 5, Class 6, Class 7, Class 8

By Fuel: Diesel, Natural Gas, Hybrid Electric, Gasoline

By Application: Construction and Mining, Freight and Logistics, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the heavy trucks market in 2021.

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.

TBRC’s heavy trucks market report covers:

Major Market Players: Volvo Trucks, Daimler, Paccar, Isuzu Motors Ltd, TATA motors, Eicher Motors Ltd, Dongfeng Motor Group Company Ltd, Navistar, Ford Motor Company, and Volkswagen.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Heavy Trucks Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides heavy trucks market overviews, analyzes and forecasts market size, share, heavy trucks market players, heavy trucks market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s heavy trucks market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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