Heavy Truck & Tractor is the largest trucks allowed on the road, it is mostly used for long-haul purposes. The heavy duty truck is an important component of the trucks; it mainly includes the complete vehicle, incomplete vehicle semitrailer.
Market Analysis and Insights: Global Heavy Truck & Tractor Market
Due to the COVID-19 pandemic, the global Heavy Truck & Tractor market size is estimated to be worth US$ 406210 million in 2022 and is forecast to a readjusted size of US$ 496740 million by 2028 with a CAGR of 3.4% during the review period. Fully considering the economic change by this health crisis, Sleeper Cab Type accounting for % of the Heavy Truck & Tractor global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Agriculture segment is altered to an % CAGR throughout this forecast period.
China Heavy Truck & Tractor market size is valued at US$ million in 2021, while the US and Europe Heavy Truck & Tractor are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Heavy Truck & Tractor landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Heavy Truck & Tractor include Volvo Trucks, Daimler, MAN, SCANIA, DAF, Kamaz, IVECO, Isuzu Motors and Tata Motors, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Heavy Truck & Tractor capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Heavy Truck & Tractor by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Heavy Truck & Tractor Scope and Segment
Heavy Truck & Tractor market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Heavy Truck & Tractor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Sleeper Cab Type
Day Cab Type
Segment by Application
Agriculture
Mining
Construction
Logistics
Other
By Company
Volvo Trucks
Daimler
MAN
SCANIA
DAF
Kamaz
IVECO
Isuzu Motors
Tata Motors
FAW Group
China National Heavy Duty Truck Group Co. Ltd
Dongfeng Motor
Toyota Motor Corporation
Navistar International Corporation
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E