Global Heavy Trucks Report Thumbnail

Global Heavy Trucks Market by Type (Complete Vehicle, Incomplete Vehicle (Chassis), Semitrailer Tractor), By Application (Firefighting, Construction, Forestry, Agriculture, Military, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ME-376
  • Author: Up Market Research
  • Rating: 4.7
  • Total Reviews: 91
  • No. Of Pages: 211
  • Format:
  • Pub. Date: 2021-03-01
  • Share:

The Global Heavy Trucks Market size is expected to reach $38.2 billion by 2028 and will grow at a CAGR of 3% between 2021 and 2028. The demand for heavy trucks in the North American region is high due to increasing construction activities and military operations. The Asia Pacific is also one of the fastest-growing regions for the heavy truck industry because of its burgeoning automotive sector.


Heavy Trucks (also called tractor units) are heavy-duty vehicles with a gross vehicle weight rating of over 14,000 pounds. Heavy Truck is the most common term used to describe these types of vehicles in America and Canada. The term semi-trailer truck is often used interchangeably when it comes to referring to them as they tow trailers for their cargo or passengers. The difference between heavy trucks and light-duty trucks is while both can carry goods, only one has enough power and torque necessary for powering loads up steep hills where there might be little traction available otherwise.


On the basis of Type, the market is segmented into Complete Vehicle, Incomplete Vehicle (Chassis), and Semitrailer Tractor.


Complete Vehicle:

A complete vehicle is an assembled truck with the engine installed and ready to operate without requiring any significant additional assembly before being put into service. It is the truck body, chassis, and other components. The Complete Vehicles segment includes passenger cars as well as buses. These are mainly used for long-distance haulage of goods, construction, and agriculture.


Incomplete Vehicle (Chassis):

An incomplete vehicle (chassis) is not yet assembled but has all major components such as frame rails, axles front axle(s), steering gearbox, etc., present so it can be completed with an engine/transmission and other components. It is a truck that has had its body removed. These vehicles are also known as chassis trucks and they come with wheels but no cab.


Semitrailer Tractor:

A semi-trailer tractor refers to a type of heavy truck that is used in conjunction with one or more semitrailers and has the capability to tow trailers. Semitrailer tractors come in many different configurations but typically have an engine, transmission, fifth wheel coupling, drive axles (front only), and suspension system.


On the basis of Application, the market is segmented into Firefighting, Construction, Forestry, Mining, Agriculture, Military, and Other.



Fire-fighting includes flame fighting and fire prevention as well as more advanced techniques like salvage operations and structural fire protection (e.g., applying a fire-resistant coating). This application can be used for the construction of new buildings or renovation of old ones; it involves putting out fires in warehouses that store hazardous materials; chemical plants where there is a risk of explosion if a major accident occurs; homes at risk from forest fires ; or so forth. It also refers to extinguishing burning vehicles on highways by spraying them with water or foam solution before they become too hot to handle with bare hands



The construction industry is one area that uses heavy trucks extensively for carrying building material and other construction equipment.



Logging companies use tractors to pull trailers with tree trunks from forest areas, where they fell timber into truck beds. These vehicles are also used by sawmills operating on a large scale to transport logs from lumberyards that store raw wood



The mining industry is one area that uses heavy trucks extensively for carrying mine material from mineshaft opening to sorting plants in order to separate valuable minerals therefrom



Agricultural machines including tractors use these world-class machines because their tasks include loading hay bales into trailers and feed corn kernels into mills



Heavy trucks are used in the military for carrying heavy equipment and supplies. They have more weight capacity than medium or light trucks


Others (Hunting):

Hunting enthusiasts who stalk animals may need heavy trucks as their vehicle of choice because hunting grounds typically involve fields, forests, hills, and other rough terrains unfit for smaller cars or SUVs. The same holds true for hunters venturing out onto ice flows where trucks can better handle the weight of snow and ice.


On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The European market accounted for the largest share, followed by North America and the Asia Pacific.

The North American market is projected to witness a robust CAGR during the forecast period. The growth of this region can be attributed to increased construction activities in various countries such as Canada, Mexico, United States, etc.

Asia-Pacific has also shown significant traction on account of an increasing number of road constructions and infrastructure projects in China and India among other major economies like Japan, Australia, etc.

Latin America’s potential lies largely untapped because most parts are still underdeveloped with low GDP per capita rates compared to Europe or North America regions where there is greater exposure to heavy trucks due to higher economic development levels than their Latin counterparts. Moreover, escalating investment opportunities have created a favorable environment for heavy truck manufacturers to explore opportunities in this region.


Up Market Research published a new report titled “Heavy Trucks Market research report which is segmented by Types (Complete Vehicle, Incomplete Vehicle (Chassis), Semitrailer Tractor), By Applications (Firefighting, Construction, Forestry, Agriculture, Military, Other), By Players/Companies 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”. 


Report Scope

Report Attributes Report Details
Report Title Heavy Trucks Market Research Report
By Type Complete Vehicle, Incomplete Vehicle (Chassis), Semitrailer Tractor
By Application Firefighting, Construction, Forestry, Agriculture, Military, Other
By Companies 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
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 211
Number of Tables & Figures 148
Customization Available Yes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Heavy Trucks Industry Outlook

Global Heavy Trucks Market Report Segments:

The market is segmented by Type Complete Vehicle, Incomplete Vehicle (Chassis), Semitrailer Tractor and By Application Firefighting, Construction, Forestry, Agriculture, Military, Other.


Some of the companies that are profiled in this report are:

  1. Daimler Trucks
  2. Volvo
  3. Paccar
  4. MAN Group
  5. Scania
  6. IVECO
  7. Oshkosh
  8. Hino
  9. Isuzu
  10. Navistar
  11. KAMAZ
  12. Rosenbauer
  13. Dongfeng
  15. FAW
  16. Foton
  17. Shacman
  18. JAC
  19. Saic-Iveco Hongyan
  20. CAMC
  21. DAYUN
  22. BeiBen Trucks

Heavy Trucks Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Heavy Trucks Market

Overview of the regional outlook of the Heavy Trucks Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Heavy Trucks Market Overview

Highlights of The Heavy Trucks Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Heavy Trucks Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Complete Vehicle

                2. Incomplete Vehicle (Chassis)

                3. Semitrailer Tractor

       7. By Application:

                1. Firefighting

                2. Construction

                3. Forestry

                4. Agriculture

                5. Military

                6. Other

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Heavy Trucks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Heavy Trucks Market Statistics

Reasons to Purchase the Heavy Trucks Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heavy Trucks Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Heavy Trucks Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Heavy Trucks Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Heavy Trucks Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Heavy Trucks Market Size & Forecast, 2018-2028 
      4.5.1 Heavy Trucks Market Size and Y-o-Y Growth 
      4.5.2 Heavy Trucks Market Absolute $ Opportunity 

Chapter 5 Global Heavy Trucks Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Heavy Trucks Market Size Forecast by Type
      5.2.1 Complete Vehicle
      5.2.2 Incomplete Vehicle (Chassis)
      5.2.3 Semitrailer Tractor
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Heavy Trucks Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Heavy Trucks Market Size Forecast by Applications
      6.2.1 Firefighting
      6.2.2 Construction
      6.2.3 Forestry
      6.2.4 Agriculture
      6.2.5 Military
      6.2.6 Other
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Heavy Trucks Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Heavy Trucks Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Heavy Trucks Analysis and Forecast
   9.1 Introduction
   9.2 North America Heavy Trucks Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Heavy Trucks Market Size Forecast by Type
      9.6.1 Complete Vehicle
      9.6.2 Incomplete Vehicle (Chassis)
      9.6.3 Semitrailer Tractor
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Heavy Trucks Market Size Forecast by Applications
      9.10.1 Firefighting
      9.10.2 Construction
      9.10.3 Forestry
      9.10.4 Agriculture
      9.10.5 Military
      9.10.6 Other
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Heavy Trucks Analysis and Forecast
   10.1 Introduction
   10.2 Europe Heavy Trucks Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Heavy Trucks Market Size Forecast by Type
      10.6.1 Complete Vehicle
      10.6.2 Incomplete Vehicle (Chassis)
      10.6.3 Semitrailer Tractor
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Heavy Trucks Market Size Forecast by Applications
      10.10.1 Firefighting
      10.10.2 Construction
      10.10.3 Forestry
      10.10.4 Agriculture
      10.10.5 Military
      10.10.6 Other
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Heavy Trucks Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Heavy Trucks Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Heavy Trucks Market Size Forecast by Type
      11.6.1 Complete Vehicle
      11.6.2 Incomplete Vehicle (Chassis)
      11.6.3 Semitrailer Tractor
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Heavy Trucks Market Size Forecast by Applications
      11.10.1 Firefighting
      11.10.2 Construction
      11.10.3 Forestry
      11.10.4 Agriculture
      11.10.5 Military
      11.10.6 Other
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Heavy Trucks Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Heavy Trucks Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Heavy Trucks Market Size Forecast by Type
      12.6.1 Complete Vehicle
      12.6.2 Incomplete Vehicle (Chassis)
      12.6.3 Semitrailer Tractor
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Heavy Trucks Market Size Forecast by Applications
      12.10.1 Firefighting
      12.10.2 Construction
      12.10.3 Forestry
      12.10.4 Agriculture
      12.10.5 Military
      12.10.6 Other
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Heavy Trucks Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Heavy Trucks Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Heavy Trucks Market Size Forecast by Type
      13.6.1 Complete Vehicle
      13.6.2 Incomplete Vehicle (Chassis)
      13.6.3 Semitrailer Tractor
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Heavy Trucks Market Size Forecast by Applications
      13.10.1 Firefighting
      13.10.2 Construction
      13.10.3 Forestry
      13.10.4 Agriculture
      13.10.5 Military
      13.10.6 Other
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Heavy Trucks Market: Competitive Dashboard
   14.2 Global Heavy Trucks Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Daimler Trucks
      14.3.2 Volvo
      14.3.3 Paccar
      14.3.4 MAN Group
      14.3.5 Scania
      14.3.6 IVECO
      14.3.7 Oshkosh
      14.3.8 Hino
      14.3.9 Isuzu
      14.3.10 Navistar
      14.3.11 KAMAZ
      14.3.12 Rosenbauer
      14.3.13 Dongfeng
      14.3.14 SINOTRUK
      14.3.15 FAW
      14.3.16 Foton
      14.3.17 Shacman
      14.3.18 JAC
      14.3.19 Saic-Iveco Hongyan
      14.3.20 CAMC
      14.3.21 DAYUN
      14.3.22 BeiBen Trucks
Segments Covered in the Report
The global Heavy Trucks market has been segmented based on

By Types
  • Complete Vehicle
  • Incomplete Vehicle (Chassis)
  • Semitrailer Tractor
By Applications
  • Firefighting
  • Construction
  • Forestry
  • Agriculture
  • Military
  • Other
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Daimler Trucks
  • Volvo
  • Paccar
  • MAN Group
  • Scania
  • Oshkosh
  • Hino
  • Isuzu
  • Navistar
  • Rosenbauer
  • Dongfeng
  • FAW
  • Foton
  • Shacman
  • JAC
  • Saic-Iveco Hongyan
  • CAMC
  • BeiBen Trucks

Buy Report