Global Class 7 Truck Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Class 7 Truck Market is presumed to reach the market size of nearly USD 78.93 Billion by 2032 from USD 50.06 Billion in 2023 with a CAGR of 5.19% under the study period 2024 - 2032.

A Class 7 truck, according to the United States Department of Transportation classification system, is a medium-duty commercial vehicle with a Gross Vehicle Weight Rating (GVWR) ranging from 26,001 to 33,000 pounds. These trucks are used for heavy-duty applications such as utility work, landscaping, freight delivery, construction, and municipal services. These trucks balance payload capacity and maneuverability, making them suitable for navigating city streets while still capable of handling heavier loads compared to smaller vehicles in lower-weight classes. They play a vital role in the transportation and logistics industry.

MARKET DYNAMICS

Increasing demand for medium-duty trucks for urban logistics, regional distribution, and vocational applications drives class 7 trucks market expansion. Class 7 trucks, distinguished by a gross vehicle weight rating (GVWR) ranging from 26,001 to 33,000 pounds, present a flexible and economical option for transporting goods and materials across various industries, including construction, agriculture, retail, and utilities. Additionally, truck design, engineering, and technology advancements drive platform innovation, enabling manufacturers to offer vehicles with improved fuel efficiency, safety features, and driver comfort. Moreover, the spurring emphasis on sustainability and environmental stewardship is propelling demand for trucks that comply with emissions regulations and offer alternative powertrain options such as natural gas, propane, electric, and hybrid propulsion systems, fuelling market growth.

Furthermore, the expansion of e-commerce, last-mile delivery services, and urbanization trends are propelling market growth. Additionally, the increasing adoption of telematics, connectivity, and fleet management solutions drives demand for class 7 trucks equipped with advanced digital technologies that enable real-time monitoring, diagnostics, and optimization of vehicle performance, maintenance, and logistics operations. Moreover, the COVID-19 pandemic has accelerated the digitization and automation of supply chains and logistics networks, driving awareness and investment in the market. However, changing transportation trends and regulatory mandates may challenge market growth in the coming years.

The 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 7 truck. The growth and trends of Class 7 Truck Industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the class 7 truck market report provides detailed data on the segments by analyzing them 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 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 7 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 7 Truck market include Dongfeng, Eicher Motor Limited, Ford Motor Company, Freightliner, GMC (General Motors Truck Company), Hino Motors, International Truck (Navistar), Isuzu Motors, Kenworth, Mack Trucks, MAN SE, Mitsubishi Fuso Truck and Bus Corporation, 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: VMR112114418

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 7 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 Application
- 3.7.3 Market Attractiveness Analysis By Axle
- 3.7.4 Market Attractiveness Analysis By Horsepower
- 3.7.5 Market Attractiveness Analysis By Ownership
- 3.7.6 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 7 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 7 TRUCK MARKET ANALYSIS BY APPLICATION

6.1. Overview By Application
6.2. Historical and Forecast Data
6.3. Analysis By Application
6.4. Freight Delivery Historic and Forecast Sales By Regions
6.5. Utility Services Historic and Forecast Sales By Regions
6.6. Construction & Mining Historic and Forecast Sales By Regions
6.7. Others Historic and Forecast Sales By Regions

7. GLOBAL CLASS 7 TRUCK MARKET ANALYSIS BY AXLE

7.1. Overview By Axle
7.2. Historical and Forecast Data
7.3. Analysis By Axle
7.4. 4x2 Historic and Forecast Sales By Regions
7.5. 6x4 Historic and Forecast Sales By Regions
7.6. 6x2 Historic and Forecast Sales By Regions

8. GLOBAL CLASS 7 TRUCK MARKET ANALYSIS BY HORSEPOWER

8.1. Overview By Horsepower
8.2. Historical and Forecast Data
8.3. Analysis By Horsepower
8.4. Below 300HP Historic and Forecast Sales By Regions
8.5. 300HP - 400HP Historic and Forecast Sales By Regions
8.6. 400HP - 500HP Historic and Forecast Sales By Regions
8.7. 500HP & Above Historic and Forecast Sales By Regions

9. GLOBAL CLASS 7 TRUCK MARKET ANALYSIS BY OWNERSHIP

9.1. Overview By Ownership
9.2. Historical and Forecast Data
9.3. Analysis By Ownership
9.4. Fleet Operator Historic and Forecast Sales By Regions
9.5. Independent Operator Historic and Forecast Sales By Regions

10. GLOBAL CLASS 7 TRUCK MARKET ANALYSIS BY GEOGRAPHY

10.1. Regional Outlook
10.2. Introduction
10.3. North America Sales Analysis
- 10.3.1 Overview, Historic and Forecast Data Sales Analysis
- 10.3.2 North America By Segment Sales Analysis
- 10.3.3 North America By Country Sales Analysis
- 10.3.4 United States Sales Analysis
- 10.3.5 Canada Sales Analysis
- 10.3.6 Mexico Sales Analysis
10.4. Europe Sales Analysis
- 10.4.1 Overview, Historic and Forecast Data Sales Analysis
- 10.4.2 Europe By Segment Sales Analysis
- 10.4.3 Europe By Country Sales Analysis
- 10.4.4 United Kingdom Sales Analysis
- 10.4.5 France Sales Analysis
- 10.4.6 Germany Sales Analysis
- 10.4.7 Italy Sales Analysis
- 10.4.8 Russia Sales Analysis
- 10.4.9 Rest Of Europe Sales Analysis
10.5. Asia Pacific Sales Analysis
- 10.5.1 Overview, Historic and Forecast Data Sales Analysis
- 10.5.2 Asia Pacific By Segment Sales Analysis
- 10.5.3 Asia Pacific By Country Sales Analysis
- 10.5.4 China Sales Analysis
- 10.5.5 India Sales Analysis
- 10.5.6 Japan Sales Analysis
- 10.5.7 South Korea Sales Analysis
- 10.5.8 Australia Sales Analysis
- 10.5.9 South East Asia Sales Analysis
- 10.5.10 Rest Of Asia Pacific Sales Analysis
10.6. Latin America Sales Analysis
- 10.6.1 Overview, Historic and Forecast Data Sales Analysis
- 10.6.2 Latin America By Segment Sales Analysis
- 10.6.3 Latin America By Country Sales Analysis
- 10.6.4 Brazil Sales Analysis
- 10.6.5 Argentina Sales Analysis
- 10.6.6 Peru Sales Analysis
- 10.6.7 Chile Sales Analysis
- 10.6.8 Rest of Latin America Sales Analysis
10.7. Middle East & Africa Sales Analysis
- 10.7.1 Overview, Historic and Forecast Data Sales Analysis
- 10.7.2 Middle East & Africa By Segment Sales Analysis
- 10.7.3 Middle East & Africa By Country Sales Analysis
- 10.7.4 Saudi Arabia Sales Analysis
- 10.7.5 UAE Sales Analysis
- 10.7.6 Israel Sales Analysis
- 10.7.7 South Africa Sales Analysis
- 10.7.8 Rest Of Middle East And Africa Sales Analysis

11. COMPETITIVE LANDSCAPE OF THE CLASS 7 TRUCK COMPANIES

11.1. Class 7 Truck Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments

12. COMPANY PROFILES OF CLASS 7 TRUCK INDUSTRY

12.1. Top Companies Market Share Analysis
12.2. Market Concentration Rate
12.3. Dongfeng
- 12.3.1 Company Overview
- 12.3.2 Company Revenue
- 12.3.3 Products
- 12.3.4 Recent Developments
12.4. Eicher Motor Limited
- 12.4.1 Company Overview
- 12.4.2 Company Revenue
- 12.4.3 Products
- 12.4.4 Recent Developments
12.5. Ford Motor Company
- 12.5.1 Company Overview
- 12.5.2 Company Revenue
- 12.5.3 Products
- 12.5.4 Recent Developments
12.6. Freightliner
- 12.6.1 Company Overview
- 12.6.2 Company Revenue
- 12.6.3 Products
- 12.6.4 Recent Developments
12.7. GMC (General Motors Truck Company)
- 12.7.1 Company Overview
- 12.7.2 Company Revenue
- 12.7.3 Products
- 12.7.4 Recent Developments
12.8. Hino Motors
- 12.8.1 Company Overview
- 12.8.2 Company Revenue
- 12.8.3 Products
- 12.8.4 Recent Developments
12.9. International Truck (Navistar)
- 12.9.1 Company Overview
- 12.9.2 Company Revenue
- 12.9.3 Products
- 12.9.4 Recent Developments
12.10. Isuzu Motors
- 12.10.1 Company Overview
- 12.10.2 Company Revenue
- 12.10.3 Products
- 12.10.4 Recent Developments
12.11. Kenworth
- 12.11.1 Company Overview
- 12.11.2 Company Revenue
- 12.11.3 Products
- 12.11.4 Recent Developments
12.12. Mack Trucks
- 12.12.1 Company Overview
- 12.12.2 Company Revenue
- 12.12.3 Products
- 12.12.4 Recent Developments
12.13. MAN SE
- 12.13.1 Company Overview
- 12.13.2 Company Revenue
- 12.13.3 Products
- 12.13.4 Recent Developments
12.14. Mitsubishi Fuso Truck And Bus Corporation
- 12.14.1 Company Overview
- 12.14.2 Company Revenue
- 12.14.3 Products
- 12.14.4 Recent Developments
12.15. Peterbilt
- 12.15.1 Company Overview
- 12.15.2 Company Revenue
- 12.15.3 Products
- 12.15.4 Recent Developments
12.16. Scania AB
- 12.16.1 Company Overview
- 12.16.2 Company Revenue
- 12.16.3 Products
- 12.16.4 Recent Developments
12.17. Volvo Trucks.
- 12.17.1 Company Overview
- 12.17.2 Company Revenue
- 12.17.3 Products
- 12.17.4 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