Global Heavy-Duty Truck Market to reach US$ 367.11 billion by 2031 | Trends, Opportunities & Industry Insights

"The Heavy-Duty Truck Market reached US$ 215.6 billion in 2024 and is expected to reach US$ 367.11 billion by 2031, growing at a CAGR of 7.9% during the forecast period 2024-2031." As per DataM intelligence research report

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United States: Recent Industry Developments

✅ In May 2025, Aurora Innovation launched the U.S.'s first commercial self-driving Class 8 truck service on Interstate 45 between Houston and Dallas.The autonomous "Aurora Driver" system has completed over 1,200 miles without a human driver-highlighting progress in safe, long-haul autonomy. Expansion plans include routes to El Paso and Phoenix.

✅ In April 2025, Mack Trucks debuted its new Mack Pioneer heavy-duty Class 8 tractor, manufactured in Pennsylvania.Equipped with the MP®13 engine offering 415-515 hp across various configurations, it targets long-haul performance and operator comfort.This marks a significant refresh in U.S. domestic heavy-duty truck production.
Japan: Recent Industry Developments

✅ In June 2025, Toyota and Daimler Truck finalized a $6.4 billion merger between Hino Motors and Mitsubishi Fuso, creating a new powerhouse in Japan's heavy truck sector.The combined entity will focus on hydrogen technology, targeting decarbonization and better competitiveness amid rising Chinese electric truck presence.Operations are slated to begin by April 2026.

Heavy-Duty Truck Market: Drivers

The heavy-duty truck market is driven by growing demand for efficient freight transportation and logistics solutions across industries such as construction, mining, and e-commerce. Increasing infrastructure development and industrialization are boosting the need for long-haul and regional transport vehicles. Rising adoption of fuel-efficient and emission-compliant trucks is encouraging fleet modernization and replacement of older vehicles. Technological advancements in telematics, safety systems, and autonomous driving features are enhancing operational efficiency and driver convenience. The expansion of global supply chains and cross-border trade continues to support sustained demand for heavy-duty trucks.

Market growth is further supported by government initiatives promoting low-emission and alternative-fuel trucks, including natural gas and electric models. Integration of connected vehicle technologies enables predictive maintenance, fleet optimization, and real-time tracking, enhancing adoption. The growing preference for reliable and high-performance trucks in logistics and construction sectors is boosting sales. Collaborations between OEMs, technology providers, and fleet operators are fostering innovation in smart and sustainable transportation. Continuous improvements in durability, payload capacity, and cost-efficiency are expected to drive long-term growth in the heavy-duty truck market.

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Segment Covered in the Heavy-Duty Truck Market:

➥ By Application: Logistics, Mining, Construction, Agriculture

➥ By Fuel: Natural Gas, Diesel, Others (Gasoline, Hybrid Electric Vehicle)

➥ By Size: Below 10 Metric Tons, 10 to 15 Metric Tons, More than 15 Metric Tons

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