Segmentation, Major Trends, and Competitive Analysis of the Construction Trucks Market

The construction trucks market is on track for substantial growth over the coming years, driven by advancements in technology and evolving infrastructure needs. As the industry adapts to new regulations and changing demands, significant opportunities are emerging for manufacturers and operators alike. Below, we explore the market's expected size, leading players, key trends, and segmentation to provide a comprehensive view of this dynamic sector.

Forecast on Construction Trucks Market Size Through 2030
The construction trucks market is projected to expand steadily, reaching a valuation of $69.53 billion by 2030. This growth will occur at a compound annual growth rate (CAGR) of 5.5%. Several factors are contributing to this positive trajectory, including the electrification of heavy vehicles, the implementation of smart fleet technologies, stricter emission standards, and an increasing need for trucks with higher payload capacities. Additionally, the rise of large-scale construction projects worldwide further supports this market's growth. Key trends shaping the future include a shift towards high-capacity dump trucks, widespread adoption of telematics and fleet management systems, a rising interest in hybrid truck technologies, ongoing infrastructure expansions, and a greater focus on fuel efficiency.

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Top Companies Leading the Construction Trucks Market
The market features several prominent players who are shaping its development with their extensive product portfolios and innovation capabilities. Leading companies include 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, and Hubei Manten Automobile Co. Ltd. These companies are instrumental in introducing new technologies and expanding the market's reach globally.

Recent Strategic Moves by Construction Truck Manufactures
In a notable development, Komatsu Limited, a Japan-based manufacturer known for construction, mining, forestry, and military equipment, announced the acquisition of GHH Group GmbH in July 2024. Although the financial details were not disclosed, this acquisition is expected to broaden Komatsu's underground mining equipment lineup, boost its production and service networks worldwide, and enhance customer access in new markets. GHH Group GmbH, a Germany-based company, specializes in mining and tunneling machinery, including articulated dump trucks utilized in both mining and construction sectors.

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Innovative Products Fueling Growth in Construction Trucks
Leading market participants are heavily investing in the launch of innovative heavy-duty trucks specifically designed to support large-scale infrastructure and mining projects. These vehicles are engineered to transport substantial loads across challenging construction sites while enduring harsh environments. For example, in July 2025, BharatBenz from India introduced a new series of heavy-duty trucks aimed at construction and mining applications. This range features models from their HX and Torqshift series, such as the 2828C HX and 3532C HX, delivering power outputs of 280 hp with 1,100 Nm torque and 320 hp with 1,250 Nm torque, respectively. These trucks were developed following extensive testing in demanding mining conditions and help contractors modernize their aging fleets amid growing demand in India's construction and mining equipment market.

Detailed Segmentation of the Construction Trucks Market
This report breaks down the construction trucks market into several distinct segments for greater clarity:

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

Additional subcategories include:

- Dump Trucks: Articulated Dump Trucks, Rigid Dump Trucks, Off-Highway Dump Trucks, Site Dumpers
- Tractor-Trailer Trucks: Flatbed, Lowboy, Tanker, Box Trailers
- Cargo Trucks: Light, Medium, Heavy, Enclosed Cargo Trucks
- Specialized Trucks: Concrete Mixer, Crane, Vacuum, Logging Trucks
- Other Types: Water Tanker, Fuel Tanker, Utility Service Trucks

This segmentation provides a detailed framework for understanding the diverse product offerings and their applications within the construction trucks industry.

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