Prominent Heavy Duty Trucks Market Trend for 2025: Increasing Focus On Hydrogen-Powered Heavy-Duty Trucks Leveraging Cutting-Edge Technologies

What Are the Projected Growth and Market Size Trends for the Heavy Duty Trucks Market?
The heavy duty trucks market is expected to grow from $229.16 billion in 2024 to $242.93 billion in 2025, with a CAGR of 6.0%. The growth is driven by the increasing demand for freight, rising pollution standards, advancements in vehicle safety, and growing industrial operations.

The heavy-duty trucks market is expected to see steady growth, reaching $291.39 billion by 2029 at a CAGR of 4.7%. Growth is driven by rising demand for powerful vehicles, specific sector demand, expanded trade, stricter emission regulations, and rising purchasing power. Key trends include electrification, telematics and connectivity, weight reduction, last-mile delivery solutions, and predictive maintenance.

What Is Driving the Growth Trajectory of the Heavy Duty Trucks Market?
The increase in infrastructure development and construction is expected to drive the growth of the heavy-duty truck market. Infrastructure development and construction involve the planning, financing, and building of essential physical systems that support communities and societies. Heavy-duty trucks are critical in this process, as they transport materials, equipment, and goods necessary for construction projects, offering large cargo capacities and long-distance capabilities. For example, in November 2023, the Office for National Statistics, a UK-based government department, reported that the value of construction in Great Britain rose by 15.8% in 2022 to a record high of $168,236 (£132,989) million. Additionally, annual new orders increased by 11.4% to a record high of $102,261 (£80,837) million. The major contributors were private infrastructure, private commercial, and other public non-housing sectors, which saw increases of 85.1%, 10.2%, and 17.5%, respectively. Therefore, the expansion of infrastructure development and construction is driving the heavy-duty truck market's growth.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13855&type=smp

Which Leading Companies Are Shaping the Growth of the Heavy Duty Trucks Market?
Major companies operating in the heavy duty trucks market report are Toyota Motor Corporation, Fait Chrysler Automobile, Mercedes-Benz Group, Ford Motor Company, General Motors, Nissan Motor Co., Ltd., Volvo AB, Traton Group, Tata Motors Limited, Paccar Inc., Peterbilt, Scania AB, Mahindra & Mahindra Limited, Isuzu Motors Limited, Dongfeng Motor Group, MAN.SE, Hino Motors Ltd., Oshkosh Corporation, Mitsubishi Fuso Truck and Bus Corporation, Eicher Motors Ltd, Ashok Leyland, Mack Trucks, Western Star Trucks, Inc., Navistar International Corporation

What Are the Major Trends Shaping the Heavy Duty Trucks Market?
In the heavy-duty trucks market, companies are developing hydrogen-powered trucks with hydrogen ICE technology to provide sustainable solutions. In February 2023, Ashok Leyland, in partnership with Reliance Industries, launched the H2-ICE heavy-duty truck range powered by hydrogen, aiming to reduce emissions and offer operational advantages such as reduced noise and lower operating costs.

What Are the Key Segments of the Heavy Duty Trucks Market?
The heavy duty trucks market covered in this report is segmented -

1) By Truck Type: Rigid, Articulated
2) By Propulsion: IC Engine, Electric, FCEV
3) By Application: Construction And Mining, Freight And logistics

Subsegments:
1) By Rigid Trucks: Straight Trucks, Box Trucks, Flatbed Trucks, Dump Trucks, Garbage Trucks
2) By Articulated Trucks: Tractor-Trailer Combinations, Truck And Trailer Units, Semi-Trailer Trucks, Tanker Trucks, Car Carrier Trucks

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/heavy-duty-trucks-global-market-report

Which Region Dominates the Heavy Duty Trucks Market?
North America was the largest region in the heavy duty trucks market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heavy duty trucks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Heavy Duty Trucks Global Market Report?

- Market Size Analysis: Analyze the Heavy Duty Trucks Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Heavy Duty Trucks Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Heavy Duty Trucks Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Heavy Duty Trucks Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13855

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.