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Medium & Heavy Trucks Global Industry Almanac 2019-2028

Medium & Heavy Trucks Global Industry Almanac 2019-2028

Summary

Global Medium & Heavy Trucks industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume , and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- The medium and heavy trucks market includes commercial vehicles (CV), buses and coaches (BC), heavy commercial vehicles (HCV), and heavy buses and coaches (HBCs).
- The weight of CV and BC segments varies between 3.51 to 16 tonnes and includes pick-ups and vans where they fall into this weight range.
- The weight of HCV and HBC segments cover weight over 16 tonnes. The converted trucks and buses are excluded from our scope.
- The market volume includes the number of newly registered vehicles in any given year.
- The market value is calculated by multiplying the average manufacturer selling price (MSP) by the market volume. It excludes all taxes and levies.
- All market data and forecasts are adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
- The global medium & heavy trucks market recorded revenues of $2,486.5 billion in 2023, representing a compound annual growth rate (CAGR) of 2.9% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 1.9% between 2018 and 2023, to reach a total of 25,897.3 thousand units in 2023.
- The growth of the global medium & heavy trucks market is propelled by the expansion of the transportation industry and concurrent infrastructure development. As the transportation sector experiences steady growth, fueled by increased demand for the movement of goods and people, there arises a corresponding need for robust transportation solutions, including medium and heavy trucks, to support these activities efficiently. For instance, according to GlobaData, the global road transportation services industry stood at $2,456.5 billion in 2023, an increase of 3.9% from the previous year.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global medium & heavy trucks market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global medium & heavy trucks market
- Leading company profiles reveal details of key medium & heavy trucks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the global medium & heavy trucks market with five year forecasts by both value and volume

Reasons to Buy

- What was the size of the global medium & heavy trucks market by value in 2023?
- What will be the size of the global medium & heavy trucks market in 2028?
- What factors are affecting the strength of competition in the global medium & heavy trucks market?
- How has the market performed over the last five years?
- What are the main segments that make up the global medium & heavy trucks market?