Press release
Heavy Duty Trucks Market Size to Reach USD 301.23 Billion by 2031, Driven by Freight Demand and Fleet Electrification - Mordor Intelligence
Heavy Duty Trucks Market
Hyderabad - Oct 30th, 2026 - The heavy duty trucks market is estimated at USD 232.57 billion in 2026 and is projected to reach USD 301.23 billion by 2031, registering a CAGR of 5.31% during the forecast period. Growth is supported by expanding freight volumes, fleet replacement requirements, and increasing investment in low-emission commercial vehicles.
Rising e-commerce activity is increasing demand for freight and logistics services, encouraging fleet operators to expand and upgrade their vehicle capacity. Stricter emission standards are also influencing purchasing decisions, as transport companies assess the operating costs and compliance requirements of conventional diesel trucks and alternative powertrain models.
The transition toward battery-electric and hydrogen fuel-cell trucks is creating new opportunities for manufacturers. However, adoption varies across applications and regions due to vehicle acquisition costs, charging and refueling infrastructure, and operational requirements. Diesel trucks continue to serve many long-haul, construction, and mining operations, while electric models are gaining attention in urban and regional transport.
Get More Info: https://www.mordorintelligence.com/industry-reports/heavy-duty-trucks-market?utm_source=abnewswire
Key Trends Shaping the Heavy Duty Trucks Market
Expanding E-commerce and Freight Volumes
The growth of online retail is increasing demand for transportation and distribution services. Higher parcel volumes and time-sensitive deliveries are encouraging logistics companies to expand their fleets and improve vehicle utilization. This supports demand for heavy duty trucks used in regional distribution, long-distance freight, and warehouse transportation.
Emission Regulations Accelerating Fleet Renewal
Governments across major markets are introducing stricter emission standards for commercial vehicles. These regulations are encouraging fleet operators to replace older trucks with models that meet updated environmental requirements. Manufacturers are responding by expanding their low-emission vehicle portfolios and improving powertrain efficiency.
Growing Adoption of Battery-Electric Trucks
Battery-electric heavy duty trucks are gaining attention as battery costs decline and charging infrastructure improves. Their adoption is particularly relevant for urban and regional operations where predictable routes and depot-based charging can support daily vehicle use. Manufacturers are also investing in battery integration and vehicle software to improve operating efficiency.
Hydrogen Infrastructure Supporting Alternative Powertrains
Hydrogen corridor pilot programs are supporting the development of fuel-cell trucks for applications that require longer operating ranges and shorter refueling times. Projects across Asia-Pacific and other regions are helping test hydrogen-powered vehicles for freight and mining operations. However, hydrogen availability and fuel costs remain important considerations for wider adoption.
Heavy Duty Trucks Market Segmentation Analysis
By Tonnage Type
*
10 to 15 T
*
More Than 15 T
By Class
*
Class 7
*
Class 8
By Propulsion Type
*
Diesel
*
Battery-Electric
*
Fuel-Cell Electric (FCEV)
*
Alternative Fuels (CNG, LNG, Biodiesel)
By Application
*
Construction and Mining
*
Freight and Logistics
*
Municipal and Utilities
*
Others
By Truck Body Type
*
Tractor-Trailer
*
Rigid Dump
*
Tanker
*
Others
By Sales Channel
*
OEM/First Purchase
*
Lease and Rental
*
After-market Retrofit
Read this Report in Japanese version: https://www.mordorintelligence.com/ja/industry-reports/heavy-duty-trucks-market?utm_source=abnewswire
Heavy Duty Trucks Market Key Players and Competitive Landscape
The heavy duty trucks market has a moderately concentrated competitive structure, with established manufacturers competing through vehicle portfolios, powertrain development, manufacturing capabilities, and regional expansion. Companies are also investing in electric and hydrogen-powered trucks, battery supply arrangements, software capabilities, and fleet services to address changing customer requirements.
Key players include:
*
Daimler Truck Holding AG
*
Traton SE
*
Volvo Group
*
PACCAR Inc.
*
Dongfeng Motor Corporation
*
Tata Motors Ltd.
*
FAW Group Corp.
*
CNHTC (Sinotruk)
*
Ashok Leyland Ltd.
*
Isuzu Motors Ltd.
*
Hino Motors Ltd.
*
Navistar International
*
Iveco Group N.V.
*
Hyundai Motor Co.
*
Nikola Corporation
*
JAC Motors
*
Kamaz PJSC
*
Foton Motor Co. Ltd.
Conclusion
The heavy duty trucks market [https://www.mordorintelligence.com/industry-reports/heavy-duty-trucks-market?utm_source=abnewswire] is projected to grow steadily through 2031, supported by rising freight requirements, e-commerce expansion, and fleet replacement activity. Stricter emission regulations and investment in alternative powertrains are also influencing product development and purchasing decisions.
However, high upfront costs for zero-emission trucks, fuel price fluctuations, and gaps in charging and hydrogen refueling infrastructure may affect adoption. These challenges are particularly relevant for smaller fleet operators and businesses involved in long-distance transportation.
Overall, demand for freight transportation and the gradual adoption of lower-emission vehicles are expected to support market growth. Manufacturers that address vehicle cost, operational range, infrastructure compatibility, and fleet efficiency will remain important participants in the competitive landscape.
Industry Related Reports
Electric Vehicle Battery Management System Market: [https://www.mordorintelligence.com/industry-reports/electric-vehicle-battery-management-system-market?utm_source=abnewswire] The Electric Vehicle Battery Management System Market is projected to grow from USD 19.51 billion in 2026 to USD 49.83 billion by 2031, registering a CAGR of 20.63% during the forecast period. The market's growth is driven by increasing electric vehicle adoption, rising demand for efficient battery monitoring and management, advancements in battery technologies, and the growing need to improve battery safety, performance, reliability, and lifespan.
Electric Commercial Vehicle Battery Pack Market : The Electric Commercial Vehicle Battery Pack Market is projected to grow from USD 21.51 billion in 2026 to USD 37.32 billion by 2031, registering a CAGR of 11.66% during the forecast period. The market's growth is driven by increasing adoption of electric commercial vehicles, rising demand for high-capacity and efficient battery packs, expanding charging infrastructure, and continued advancements in battery technology to support longer range, faster charging, and improved vehicle performance.
Get More info: https://www.mordorintelligence.com/industry-reports/electric-commercial-vehicle-battery-pack-market?utm_source=abnewswire
About Mordor Intelligence
Mordor Intelligence is a global market intelligence firm, founded in 2014, helping businesses make informed decisions through data-driven insights, industry expertise, and advanced analytics. With 550+ domain experts and on-ground specialists across 150+ countries, the company delivers comprehensive intelligence across aerospace & defense, agriculture, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, and logistics.
Its offerings include syndicated industry reports, custom research and advisory, and subscription platforms such as Synapse. Mordor Intelligence is ISO 9001:2015 and ISO/IEC 27001:2022 certified, a member of ESOMAR and the Market Research Society of India, and a four-time Great Place to Work Registered honoree. Learn more at mordorintelligence.com or reach to media@mordorintelligence.com
Media Contact
Company Name: Mordor Intelligence Private Limited
Contact Person: Jignesh Thakkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=heavy-duty-trucks-market-size-to-reach-usd-30123-billion-by-2031-driven-by-freight-demand-and-fleet-electrification-mordor-intelligence]
Phone: +1 617-765-2493
Address:11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli
City: Hyderabad
State: Telangana 500008
Country: India
Website: https://www.mordorintelligence.com/
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Heavy Duty Trucks Market Size to Reach USD 301.23 Billion by 2031, Driven by Freight Demand and Fleet Electrification - Mordor Intelligence here
News-ID: 4677949 • Views: …
More Releases from ABNewswire
Fluoropolymer Films Market to climb up to $1.16 Bn by 2031 as Asia Pacific comma …
Mordor Intelligence has released a new report on the Fluoropolymer Films Market, offering comprehensive insights into market size, growth trends, application analysis, regional outlook, and the competitive landscape through the forecast period
Hyderabad - Oct 30th, 2026 - The global fluoropolymer films market [https://www.mordorintelligence.com/industry-reports/fluoropolymer-films-market?utm_source=abnews] is projected to grow from USD 886.5 million in 2026 to USD 1.16 billion by 2031, Rising solar photovoltaic installations, semiconductor manufacturing requirements, electric vehicle lightweighting, and…
Join TopMedi at the 139th Canton Fair - Booth 9.2I02
Guangzhou, Guangdong, China - October 30, 2026
Event Details:
*
Exhibition: 139th Canton Fair, Phase 3
*
Date: October 31 - November 4, 2026
*
Booth No.: 9.2I02
*
Address: No. 382, Yuejiang Middle Road, Haizhu District, Guangzhou, China
What You Will See at Our Booth:
We will be showcasing a wide range of mobility and rehabilitation products, including:
*
Mobility Scooters - Compact, foldable, and designed for outdoor travel
*
Pediatric Wheelchairs - Adjustable and supportive for children with special needs
*
Walkers & Rollators -…
Kingsni Technology Explains Key Factors in Selecting Stepper Drive Microstep Res …
Chengdu, Sichuan, China - October 30, 2026
In a stepper motor control system, the microstep resolution (also known as step subdivision) of the drive is a critical parameter. The higher the microstep resolution, the smoother the motor runs and the higher the positioning accuracy. But how do you select the optimal microstep resolution in practice? Kingsni Technology, backed by years of experience in extremeenvironment motion control, offers practical recommendations.
Recommended Microstep Resolution:…
Zinc Sulfate Remains a Key Zinc Source for Industrial Surface Treatment
Changsha ,Hunan, China - October 30,2026
Zinc sulfate is an essential raw material for surface treatment processes, widely used in three mainstream processes: galvanizing, zinc phosphating and passivation. It is one of the fundamental materials that guarantee coating quality, corrosion resistance and production stability.
In electrogalvanizing, high-purity zinc sulfate steadily supplies zinc ions with consistent composition and controllable purity, laying the foundation for coating crystallization. It helps form a uniform, dense and…
More Releases for Truck
Service Truck Bodies Market Size Accelerated by 6.8% CAGR | By Key Players: Read …
The Service Truck Bodies Market is undergoing a structural shift as supply chain volatility, fuel price shocks, and geopolitical disruptions linked to the US-Iran war reshape fleet procurement strategies across North America. Rising oil price sensitivity has increased operating costs for construction fleets, utilities, mining operators, and field service providers, pushing buyers toward lightweight aluminum service bodies, fuel-efficient upfitting systems, and durable modular truck platforms. Defense-related logistics expansion and emergency…
Food Truck Market Size, Share Projections 2032 by Key Manufacturer- Prestige Cus …
USA, New Jersey: According to Verified Market Research analysis, the global Food Truck Market size was valued at USD 4.52 Billion in 2024 and is projected to reach USD 7.15 Billion by 2031, growing at a CAGR of 5.90% from 2024 to 2031.
How AI and Machine Learning Are Redefining the Future of Food Truck Market?
The integration of AI and machine learning is rapidly transforming the Food Truck Market by enabling…
Freight Trucking Market : Dry van & box truck, Refrigerated truck, Tanker truck …
The global freight trucking market was valued at $2,732 billion in 2021, and is projected to reach $4,457.4 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
Asia-Pacific is expected to dominate the global freight trucking market in 2021. The growth of the market in Asia-Pacific is majorly attributed to the booming e-commerce industry in emerging economies in the region. High government support for development of logistics…
Freight Trucking Market : Dry van & box truck, Refrigerated truck, Tanker truck …
According to a new report published by Allied Market Research, titled, "Freight Trucking Market," The freight trucking market was valued at $2,732.00 billion in 2021, and is estimated to reach $4,457.4 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
Asia-Pacific is expected to dominate the global freight trucking market in 2021. The growth of the market in Asia-Pacific is majorly attributed to the booming e-commerce industry…
Commercial Truck Leasing Market Report- Applications, Type, Deployment, Organiza …
The Commercial Truck Leasing Market research report presents an intensive and coordinated exploration of the current circumstance, market key elements, Commercial Truck Leasing Market methodologies, and central participants' development in the business. The investigation helps controllers and corporate leaders in developing cost-effective decisions. Commercial Truck Leasing Market provides an evenhanded and extensive assessment of existing examples, factors, obstacles, limits, headway, possibilities/quick development areas that will help partners create business plans…
Semi-Autonomous Truck Truck Market to Witness Robust Expansion by 2025
LP INFORMATION recently released a research report on the Semi-Autonomous Truck Truck market analysis, which studies the Semi-Autonomous Truck Truck's industry coverage, current market competitive status, and market outlook and forecast by 2025.
Global "Semi-Autonomous Truck Truck Market 2020-2025" Research Report categorizes the global Semi-Autonomous Truck Truck market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players…
