PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1518513
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1518513
Class 6 Trucks Market Size - By Fuel (Diesel, Natural Gas, Hybrid Electric), By Application (Freight Delivery, Utility Services, Construction & Mining), By Body Type (Box, Dump, Beverage), By Horsepower, By Axle & Forecast 2024 - 2032
Global Class 6 Trucks Market size will record a 7% CAGR between 2024 and 2032, driven by robust demand from the industrial and construction sectors, which require reliable transportation for heavy materials. Innovations in vehicle efficiency and safety features further enhance market expansion, catering to industries prioritizing operational efficiency and safety standards. As businesses seek cost-effective and sustainable transport solutions, advancements in medium-duty trucks are crucial, positioning them as pivotal assets for navigating logistical challenges and meeting evolving regulatory requirements globally.
For instance, in May 2024, Plug Power Inc. introduced a new Class 6 medium-duty fuel cell electric truck featuring a commercial chassis cab. It integrates Plug's ProGen fuel cell technology with an established electric propulsion system, aiming to advance clean energy solutions in transportation. This innovation is likely to stimulate competition and drive further advancements in fuel cell technology and electric propulsion systems across the class 6 trucks industry worldwide.
The class 6 trucks market is segmented based on fuel, application, body type, horsepower, axle, and region.
The construction and mining segment will see a notable surge by 2032 due to robust demand for heavy-duty vehicles capable of transporting materials and equipment over rugged terrain. These trucks offer durability, high payload capacity, and specialized features tailored for demanding operational environments. With infrastructure projects and mining activities expanding globally, the construction and mining segment's reliance on reliable and powerful transportation solutions positions it to maintain a decent share in the class 6 trucks industry, driving continued growth and innovation.
The diesel segment will amass remarkable gains by 2032, owing to its robust power, fuel efficiency, and reliability for heavy-duty applications. Diesel engines offer high torque and durability, essential for transporting heavy loads in industries like construction and logistics. Despite growing interest in alternative fuels, diesel's established infrastructure and cost-effectiveness continue to appeal to fleet operators. As industrial activities expand globally, the diesel segment will sustain its leading position, driving continued market growth and technological advancements.
North America class 6 trucks market share will achieve a significant CAGR from 2024 to 2032, fueled by the nation's robust infrastructure development and substantial demand from industries such as construction, mining, and logistics. The region's expansive road network and stringent emissions standards drive the adoption of heavy-duty vehicles. As businesses prioritize efficiency and payload capacity, North America will stand as a crucial contributor to the class 6 trucks industry, influencing technological advancements and market dynamics to meet evolving commercial transportation needs.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
Chapter 2 Executive Summary
- 2.1 Industry 360-degree synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Automotive parts manufacturer
- 3.2.3 Automakers/Manufacturers (OEMs)
- 3.2.4 Technology providers
- 3.2.5 Dealers/Distributors
- 3.2.6 End-users
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Surge in online shopping & e-commerce boom
- 3.8.1.2 The growing urbanization in cities demanding more freight activity
- 3.8.1.3 Technological advancements in in-vehicle technology
- 3.8.1.4 Rising demand from end-user industries
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High initial purchase price and ongoing operational costs
- 3.8.2.2 Strict government emission regulations.
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Fuel, 2021 - 2032 ($Bn, Units)
- 5.1 Key trends
- 5.2 Diesel
- 5.3 Natural gas
- 5.4 Hybrid electric
- 5.5 Others
Chapter 6 Market Estimates & Forecast, By Application, 2021 - 2032 ($Bn, Units)
- 6.1 Key trends
- 6.2 Freight delivery
- 6.2.1 Diesel
- 6.2.2 Natural gas
- 6.2.3 Hybrid electric
- 6.2.4 Others
- 6.3 Utility services
- 6.3.1 Diesel
- 6.3.2 Natural gas
- 6.3.3 Hybrid electric
- 6.3.4 Others
- 6.4 Construction & mining
- 6.4.1 Diesel
- 6.4.2 Natural gas
- 6.4.3 Hybrid electric
- 6.4.4 Others
- 6.5 Others
- 6.5.1 Diesel
- 6.5.2 Natural gas
- 6.5.3 Hybrid electric
- 6.5.4 Others
Chapter 7 Market Estimates & Forecast, By Body Type, 2021 - 2032 ($Bn, Units)
- 7.1 Key trends
- 7.2 Box
- 7.3 Dump
- 7.4 Beverage
- 7.5 Others
Chapter 8 Market Estimates & Forecast, By Horsepower, 2021 - 2032 ($Bn, Units)
- 8.1 Key trends
- 8.2. 200HP to 300 HP
- 8.3. 300HP to 400 HP
Chapter 9 Market Estimates & Forecast, By Axle, 2021 - 2032 ($Bn, Units)
- 9.1 Key trends
- 9.2. 4X2
- 9.3. 6X4
- 9.4. 6X6
Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2032 ($Mn, Units)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Russia
- 10.3.6 Spain
- 10.3.7 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.4.6 Southeast Asia
- 10.4.7 Rest of Asia Pacific
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
- 10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA
Chapter 11 Company Profiles
- 11.1 Chevrolet
- 11.2 Dongfeng Motor Corporation
- 11.3 Ford
- 11.4 Freightliner
- 11.5 GMC
- 11.6 Hino
- 11.7 Isuzu
- 11.8 Kenworth
- 11.9 Mack Trucks
- 11.10 MAN Truck & Bus
- 11.11 Mercedes-Benz Trucks
- 11.12 Mitsubishi Fuso Truck and Bus Corporation
- 11.13 Navistar International
- 11.14 Peterbilt
- 11.15 Ram Trucks
- 11.16 Scania
- 11.17 Tata Motors
- 11.18 UD Trucks
- 11.19 Volvo Trucks
- 11.20 Western Star Trucks
