Heavy Duty Trucks: A Leading Driver Behind Heavy-Duty Trucks Market Thrives On Surge In Infrastructure Development And Construction Activities Market Expansion in 2025

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What Will the Heavy Duty Trucks Industry Market Size Be by 2025?
In recent times, the market size for heavy-duty trucks has witnessed a significant expansion. The market, which valued at $229.16 billion in 2024, is projected to increase to $242.93 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. This substantial growth in the past can be associated with the rise in industrial processes, escalation in freight demand, increasing pollution standards, advancements in vehicle safety technology, and growing demand from end-users.

What's the Long-Term Growth Forecast for the Heavy Duty Trucks Market Size Through 2029?
The market size of heavy-duty trucks is anticipated to witness consistent expansion in the coming years. The market is projected to reach $291.39 billion in 2029, growing at a compound annual growth rate (CAGR) of 4.7%. Factors contributing to this growth during the forecast period are increasing demand for potent vehicles, heightened product requirement in certain sectors, growth of local and international trade, strict emission rules, and augmented purchasing power. Trending elements in the forecast period encompass an upsurge in electrification, growth in telematics and connectivity, advancements in weight reduction technologies, solutions for last-mile delivery, and predictive maintenance.

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What Are the Key Growth Drivers Fueling the Heavy Duty Trucks Market Expansion?
The heavy-duty truck market's expansion is predicted to be driven by growth in infrastructure development and construction. These terms encompass the strategizing, funding, and creation of foundational physical systems that sustain societies or communities. Heavy-duty trucks play a crucial role in such developments by aiding in the transportation of essential construction materials, goods, and equipment, thanks to their large cargo capacity and long-distance operating capabilities. For example, as per the Office for National Statistics, a government agency based in the UK, a significant rise of 15.8% was recorded in the value of construction in Great Britain in 2022, smashing records at $168,236 (£132,989) million. Moreover, new orders in the same year grew by 11.4%, reaching an unprecedented figure of $102,261 (£80,837) million. This surge was primarily driven by private infrastructure, private commercial, and other public non-housing, which respectively increased by 85.1%, 10.2%, and 17.5%. Hence, the heavy-duty truck market is experiencing growth due to rising infrastructure development and construction activities.

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What Are the Key Trends Driving Heavy Duty Trucks Market Growth?
Major firms in the heavy-duty trucks sector are bolstering their market presence by pioneering advancements such as hydrogen-powered trucks equipped with hydrogen internal combustion engine (ICE) technology. These hydrogen-fueled trucks pose a forward-thinking, sustainable solution to the sector's environmental difficulties while providing operational benefits and ensuring the industry's enduring survival. To illustrate, in February 2023, Ashok Leyland, an automotive manufacturer from India, teamed up with Reliance Industries Limited, an Indian conglomerate, to introduce the H2-ICE heavy-duty truck series (19-35 ton) powered by eco-friendly, renewable hydrogen. The design of these vehicles resembles the traditional diesel engine, facilitating a cost-efficient shift towards greener power. This innovative hydrogen technology is predicted to radically transform the green mobility sector, by generating nearly zero emissions, offering performance comparable to conventional diesel trucks, decreasing noise levels, and leading to operating cost savings.

How Is the Heavy Duty Trucks Market Segmented?
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

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Which Companies Are Leading the Charge in Heavy Duty Trucks Market Innovation?
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

Which Regions Are Leading the Global Heavy Duty Trucks Market in Revenue?
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.

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