Construction Trucks: Critical Driver Shaping the The Growing Renewable Energy Projects Are Expected To Drive The Market Due To Increasing Infrastructure Development Needs Market in 2025

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Construction Trucks Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for construction trucks has experienced significant expansion in the past few years. Projected growth indicates a rise from $50.20 billion in 2024 to $53.17 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.9%. Factors contributing to this growth during the historical period include fast-paced urbanisation in emerging economies, a surge in public and private funding for infrastructure development, a rise in industrialisation in developing areas, increased focus on road and highway construction projects, and an escalating demand for residential and commercial properties.

Construction Trucks Market Size Forecast: What's the Projected Valuation by 2029?
Anticipation surrounds a potent growth in the construction trucks market size in the upcoming years. It is forecasted to increase to $66.00 billion in 2029, rising at a compound annual growth rate (CAGR) of 5.6%. The surge projected within the forecast period can be credited to factors like enhanced infrastructure financing by nationwide governments, fast-paced adoption of eco-friendly construction habits, increased focus on disaster readiness in urban planning, an upswing in construction undertakings in rural and less served regions, and ballooning global populace. Top trends anticipated during this period include progress in self-directed driving technologies, integration of telematics and immediate fleet surveillance systems, utilization of hybrid and electric propulsion systems, creation of modular and adaptable vehicle frameworks, along with an improvement in vehicle robustness through avant-garde materials.

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What Are the Drivers Transforming the Construction Trucks Market?
The expansion of renewable energy initiatives is anticipated to boost the construction trucks industry's growth. These initiatives encompass projects that generate electricity from naturally replenishing resources, such as solar, wind, hydro, and geothermal power, with the intention of lowering carbon emissions and encouraging sustainable energy consumption. As governments across the globe put forth supportive policies and financial incentives to speed up the shift from fossil fuels and accomplish climate objectives, renewable energy initiatives are on the rise. Construction trucks are essential to these projects, transporting the necessary materials, equipment, and components to construct facilities for wind, solar, and other forms of clean energy. For example, the Solar Energy Industries Association, a US-based national trade association, indicated that in December 2024, the US solar sector added 8.6 GWdc of capacity in the third quarter of 2024, a 21% increase from the third quarter of 2023. This lead to solar power contributing to 64% of all new electricity-generating capacity, and producing adequate power annually for more than 37 million homes. As a consequence, the expanding renewable energy initiatives are fueling the growth of the construction truck industry.

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What Long-Term Trends Will Define the Future of the Construction Trucks Market?
Leading firms in the construction trucks market are concentrating on launching unique products like heavy-duty construction trucks. These are intended to bolster infrastructure expansion by providing sturdy and efficient vehicle solutions for intense construction and mining activities. Heavy-duty construction trucks are potent vehicles engineered to transfer substantial, hefty gears and materials across construction sites, crafted to bear harsh working environments and tough landscapes. For instance, BharatBenz, an Indian heavy vehicle manufacturing company, introduced a new variety of heavy-duty trucks explicitly engineered for construction and mining uses in July 2025. The range features new models from their HX and Torqshift collection, including the 2828C HX and 3532C HX versions, configured to feature 280 hp with 1,100 Nm torque and 320 hp with 1,250 Nm torque. The launch is a result of extensive customer trials conducted in rigorous mining sites, intending to assist large contractors in updating their old fleets in the escalating Indian construction and mining equipment market.

Which Segments in the Construction Trucks Market Offer the Most Profit Potential?
The construction trucks market covered in this report is segmented -

1) By Type: Dump Trucks, Tractor-Trailer Trucks, Cargo Trucks, Specialized Trucks, Other Types
2) By Gross Vehicle Weight (GVW): Below 15 Tons, 15-40 Tons, Above 40 Tons
3) By Propulsion: Diesel, Hybrid Electric, Other Propulsion

Subsegments:
1) By Dump Trucks: Articulated Dump Trucks, Rigid Dump Trucks, Off-Highway Dump Trucks, Site Dumpers
2) By Tractor-Trailer Trucks: Flatbed Tractor-Trailers, Lowboy Tractor-Trailers, Tanker Tractor-Trailers, Box Trailers
3) By Cargo Trucks: Light Cargo Trucks, Medium Cargo Trucks, Heavy Cargo Trucks, Enclosed Cargo Trucks
4) By Specialized Trucks: Concrete Mixer Trucks, Crane Trucks, Vacuum Trucks, Logging Trucks
5) By Other Types: Water Tanker Trucks, Fuel Tanker Trucks, Refrigerated Trucks, Utility Service Trucks

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Which Firms Dominate the Construction Trucks Market by Market Share and Revenue in 2025?
Major companies operating in the construction trucks market are Hyundai Motor Company, Caterpillar Inc., Daimler Truck AG, Volvo Group, Tata Motors, Komatsu Ltd., ISUZU China, Scania AB, Iveco Group, XCMG Group, MAN Truck & Bus, Doosan Group, SANY Group, Hitachi Construction Machinery Co. Ltd., China National Heavy Duty Truck Group, Ashok Leyland, ere*x Corporation, UD Trucks Corp., Bell Equipment, CS Trucks, Liebherr Group, Hubei Manten Automobile Co. Ltd.

Which Regions Offer the Highest Growth Potential in the Construction Trucks Market?
Asia-Pacific was the largest region in the construction trucks market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction trucks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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