Global Class 8 Truck Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Class 8 Truck Market is presumed to reach the market size of nearly USD 461.1 Billion by 2032 from USD 272.23 Billion in 2023 with a CAGR of 6.03% under the study period 2024-2032.

A class 8 truck, also known as a heavy-duty truck or semi-truck, is a large commercial vehicle used for long-haul transportation of goods and materials over long distances. These are characterized by their robust construction, powerful engines, and high towing capacity, making them suitable for hauling heavy loads and trailers weighing up to 80,000 pounds or more. These trucks typically feature a cab-over-engine design, a spacious sleeper cab for the driver and crew, advanced safety and driver assistance systems, and amenities for comfort and convenience during extended trips. These are used in various industries, including logistics, transportation, construction, and agriculture, playing a critical role in the global supply chain and economy.

MARKET DYNAMICS

The recovery of the global economy and spurring industrial activity drive demand for freight transportation and logistics services, stimulating investments in new and replacement fleets of class 8 trucks to meet growing shipping volumes and supply chain demands. Moreover, the expansion of e-commerce, omnichannel retailing, and just-in-time inventory management drives demand for efficient and reliable freight transportation solutions, driving investments in trucks equipped with advanced features such as telematics, predictive maintenance, and driver assistance systems to optimize fuel efficiency, reduce operating costs, and improve fleet productivity. Additionally, regulatory mandates and industry standards for emissions reduction, fuel efficiency, and safety drive investments in class 8 trucks that comply with environmental regulations, emissions standards, and safety requirements, Furthermore, advancements in truck design, aerodynamics, and powertrain technology enable manufacturers to develop trucks that offer improved performance, reliability, and driver comfort, enhancing the competitiveness and appeal of heavy-duty trucks in the commercial transportation market. Moreover, the increasing demand for sustainable transportation solutions and corporate social responsibility drives investments in class 8 trucks with environmentally friendly features such as low-emission engines, lightweight materials, and alternative fuel options, aligning with sustainability goals and regulatory mandates. However, changes in transportation regulations and fuel efficiency standards may challenge the market growth in the coming years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Class 8 Truck. The growth and trends of Class 8 Truck industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Class 8 Truck market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Fuel

Diesel
Natural Gas
Hybrid Electric
Others

By Cab Type

Day Cab
Sleeper Cab

By Application

Freight Delivery
Utility Services
Construction & Mining
Others

By Axle

By Horsepower

Below 300HP
300HP - 400HP
400HP - 500HP
500HP & Above

By Ownership

Fleet Operator
Independent Operator

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Class 8 Truck market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Class 8 Truck market include Daimler, Freightliner, Navistar, Isuzu Motors, Kenworth, Mack Trucks, MAN, Peterbilt, Scania AB, Volvo Trucks. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112114509

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. CLASS 8 TRUCK - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Fuel
- 3.7.2 Market Attractiveness Analysis By Cab Type
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By Axle
- 3.7.5 Market Attractiveness Analysis By Horsepower
- 3.7.6 Market Attractiveness Analysis By Ownership
- 3.7.7 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL CLASS 8 TRUCK MARKET ANALYSIS BY FUEL

5.1. Overview By Fuel
5.2. Historical and Forecast Data
5.3. Analysis By Fuel
5.4. Diesel Historic and Forecast Sales By Regions
5.5. Natural Gas Historic and Forecast Sales By Regions
5.6. Hybrid Electric Historic and Forecast Sales By Regions
5.7. Others Historic and Forecast Sales By Regions

6. GLOBAL CLASS 8 TRUCK MARKET ANALYSIS BY CAB TYPE

6.1. Overview By Cab Type
6.2. Historical and Forecast Data
6.3. Analysis By Cab Type
6.4. Day Cab Historic and Forecast Sales By Regions
6.5. Sleeper Cab Historic and Forecast Sales By Regions

7. GLOBAL CLASS 8 TRUCK MARKET ANALYSIS BY APPLICATION

7.1. Overview By Application
7.2. Historical and Forecast Data
7.3. Analysis By Application
7.4. Freight Delivery Historic and Forecast Sales By Regions
7.5. Utility Services Historic and Forecast Sales By Regions
7.6. Construction & Mining Historic and Forecast Sales By Regions
7.7. Others Historic and Forecast Sales By Regions

8. GLOBAL CLASS 8 TRUCK MARKET ANALYSIS BY AXLE

8.1. Overview By Axle
8.2. Historical and Forecast Data
8.3. Analysis By Axle
8.4. 4x2 Historic and Forecast Sales By Regions
8.5. 6x4 Historic and Forecast Sales By Regions
8.6. 6x2 Historic and Forecast Sales By Regions

9. GLOBAL CLASS 8 TRUCK MARKET ANALYSIS BY HORSEPOWER

9.1. Overview By Horsepower
9.2. Historical and Forecast Data
9.3. Analysis By Horsepower
9.4. Below 300HP Historic and Forecast Sales By Regions
9.5. 300HP - 400HP Historic and Forecast Sales By Regions
9.6. 400HP - 500HP Historic and Forecast Sales By Regions
9.7. 500HP & Above Historic and Forecast Sales By Regions

10. GLOBAL CLASS 8 TRUCK MARKET ANALYSIS BY OWNERSHIP

10.1. Overview By Ownership
10.2. Historical and Forecast Data
10.3. Analysis By Ownership
10.4. Fleet Operator Historic and Forecast Sales By Regions
10.5. Independent Operator Historic and Forecast Sales By Regions

11. GLOBAL CLASS 8 TRUCK MARKET ANALYSIS BY GEOGRAPHY

11.1. Regional Outlook
11.2. Introduction
11.3. North America Sales Analysis
- 11.3.1 Overview, Historic and Forecast Data Sales Analysis
- 11.3.2 North America By Segment Sales Analysis
- 11.3.3 North America By Country Sales Analysis
- 11.3.4 United States Sales Analysis
- 11.3.5 Canada Sales Analysis
- 11.3.6 Mexico Sales Analysis
11.4. Europe Sales Analysis
- 11.4.1 Overview, Historic and Forecast Data Sales Analysis
- 11.4.2 Europe By Segment Sales Analysis
- 11.4.3 Europe By Country Sales Analysis
- 11.4.4 United Kingdom Sales Analysis
- 11.4.5 France Sales Analysis
- 11.4.6 Germany Sales Analysis
- 11.4.7 Italy Sales Analysis
- 11.4.8 Russia Sales Analysis
- 11.4.9 Rest Of Europe Sales Analysis
11.5. Asia Pacific Sales Analysis
- 11.5.1 Overview, Historic and Forecast Data Sales Analysis
- 11.5.2 Asia Pacific By Segment Sales Analysis
- 11.5.3 Asia Pacific By Country Sales Analysis
- 11.5.4 China Sales Analysis
- 11.5.5 India Sales Analysis
- 11.5.6 Japan Sales Analysis
- 11.5.7 South Korea Sales Analysis
- 11.5.8 Australia Sales Analysis
- 11.5.9 South East Asia Sales Analysis
- 11.5.10 Rest Of Asia Pacific Sales Analysis
11.6. Latin America Sales Analysis
- 11.6.1 Overview, Historic and Forecast Data Sales Analysis
- 11.6.2 Latin America By Segment Sales Analysis
- 11.6.3 Latin America By Country Sales Analysis
- 11.6.4 Brazil Sales Analysis
- 11.6.5 Argentina Sales Analysis
- 11.6.6 Peru Sales Analysis
- 11.6.7 Chile Sales Analysis
- 11.6.8 Rest of Latin America Sales Analysis
11.7. Middle East & Africa Sales Analysis
- 11.7.1 Overview, Historic and Forecast Data Sales Analysis
- 11.7.2 Middle East & Africa By Segment Sales Analysis
- 11.7.3 Middle East & Africa By Country Sales Analysis
- 11.7.4 Saudi Arabia Sales Analysis
- 11.7.5 UAE Sales Analysis
- 11.7.6 Israel Sales Analysis
- 11.7.7 South Africa Sales Analysis
- 11.7.8 Rest Of Middle East And Africa Sales Analysis

12. COMPETITIVE LANDSCAPE OF THE CLASS 8 TRUCK COMPANIES

12.1. Class 8 Truck Market Competition
12.2. Partnership/Collaboration/Agreement
12.3. Merger And Acquisitions
12.4. New Product Launch
12.5. Other Developments

13. COMPANY PROFILES OF CLASS 8 TRUCK INDUSTRY

13.1. Top Companies Market Share Analysis
13.2. Market Concentration Rate
13.3. Daimler
- 13.3.1 Company Overview
- 13.3.2 Company Revenue
- 13.3.3 Products
- 13.3.4 Recent Developments
13.4. Freightliner
- 13.4.1 Company Overview
- 13.4.2 Company Revenue
- 13.4.3 Products
- 13.4.4 Recent Developments
13.5. Navistar
- 13.5.1 Company Overview
- 13.5.2 Company Revenue
- 13.5.3 Products
- 13.5.4 Recent Developments
13.6. Isuzu Motors
- 13.6.1 Company Overview
- 13.6.2 Company Revenue
- 13.6.3 Products
- 13.6.4 Recent Developments
13.7. Kenworth
- 13.7.1 Company Overview
- 13.7.2 Company Revenue
- 13.7.3 Products
- 13.7.4 Recent Developments
13.8. Mack Trucks
- 13.8.1 Company Overview
- 13.8.2 Company Revenue
- 13.8.3 Products
- 13.8.4 Recent Developments
13.9. MAN
- 13.9.1 Company Overview
- 13.9.2 Company Revenue
- 13.9.3 Products
- 13.9.4 Recent Developments
13.10. Peterbilt
- 13.10.1 Company Overview
- 13.10.2 Company Revenue
- 13.10.3 Products
- 13.10.4 Recent Developments
13.11. Scania AB
- 13.11.1 Company Overview
- 13.11.2 Company Revenue
- 13.11.3 Products
- 13.11.4 Recent Developments
13.12. Volvo Trucks
- 13.12.1 Company Overview
- 13.12.2 Company Revenue
- 13.12.3 Products
- 13.12.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies