Heavy Duty Trucks Market Segmentation:
Truck Class Segment Analysis
Class-8 segment is estimated to dominate over 56% heavy duty trucks market share by 2035. This segment will extend the total revenue size to 2 million by the end of 2035. Increasing demand for commercial fleet trucks because of their efficiency and high capacity for loading will drive the market to grow completely. All motor vehicles meant for the commercial transportation of passengers and commodities are considered commercial vehicles; light commercial vehicles are often defined as those weighing less than 3.5 tons.
Fuel Segment Analysis
By 2035, diesel segment is poised to dominate over 60% heavy duty trucks market share. This segment will witness sales of around 3 million by the end of the forecast period. The rising sales of diesel-based heavy duty trucks will drive the industry massively.
Moreover, as stated by the European Automobiles Manufacturers' Association, overall, new diesel trucks registered in the EU1 increased by 3.7% in 2022, but at a slower rate than in the year before. A total of 274,058 units were sold throughout the EU, with Central Europe making up a sizable portion of the region's sales.
Horsepower Segment Analysis
In heavy duty trucks market, 400 to 500 HP segment is anticipated to dominate over 45% revenue share by 2035. Rising demand for 400 to 500 HP heavy duty trucks was propelled by the constant rise in the speed limits on the interstate and non-interstate highways.
According to the U.S. Department of Energy by 2050, this sector is set to increase to 24.7% of the total energy used for transportation, while the energy used by light-duty (LD) vehicles is foreseen to decrease by 29% to 41.3% of the total during the same period.
Our in-depth analysis of the global market includes the following segments:
|
Weight Limit |
|
|
Truck Class |
|
|
Application |
|
|
Fuel |
|
|
Horsepower |
|
|
Truck |
|
