세계의 대형 상용차 시장 예측 : 차량 유형별, 연료 유형별, 최종 사용자별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Heavy Commercial Vehicles Market is accounted for $132.98 billion in 2024 and is expected to reach $248.72 billion by 2030 growing at a CAGR of 11.0% during the forecast period. Heavy Commercial Vehicles (HCVs) are motor vehicles designed primarily for transporting goods, materials, or passengers and typically have a gross vehicle weight (GVW) exceeding 16 tons. These vehicles include trucks, trailers, tippers, buses, and other heavy-duty transport equipment. They are categorized based on configurations, fuel types, and applications, with advancements focusing on fuel efficiency, electric drivetrains, and intelligent fleet management systems.

According to Kenworth and Cummins, trucks with the X15N engine were planned to enter serial production by mid-2024, with first deliveries in early Q3.

Market Dynamics:

Driver:

Infrastructure development

Infrastructure development like roads, bridges, and urban development require reliable and high-capacity vehicles. HCVs play a crucial role in moving raw materials such as cement, steel, and aggregates. Governments' investments in smart cities and rural connectivity further boost the need for HCVs. Improved infrastructure facilitates smoother logistics, encouraging fleet expansion. These factors collectively stimulate HCV production and sales, thus fostering the growth of the market.

Restraint:

Stringent emission norms

Manufacturers must invest in advanced technologies such as electric drivetrains and exhaust systems to meet environmental standards, which raises vehicle prices and makes them less affordable for cost-conscious buyers. These regulations also lead to delays in product launches, as additional testing and development are required. Fleet operators face financial strain when retrofitting older vehicles to comply with new norms. Moreover, varying regulations across regions create challenges for global trade and market expansion, while non-compliance penalties limit participation for smaller manufacturers, further restricting market growth.

Opportunity:

Electric and alternative fuel vehicles

Electric and alternative fuel vehicles reduce dependency on fossil fuels, lowering operational costs for fleet operators. Governments worldwide are incentivizing adoption through subsidies and tax benefits. Advances in battery technology and hydrogen fuel cells improve performance and range, making them more viable. Growing awareness of sustainability among industries boosts demand for eco-friendly HCVs. Additionally, major manufacturers are investing heavily in R&D to expand their electric and alternative fuel vehicle portfolios, thereby booming the market growth.

Threat:

Competition from rail and sea transport

Competition from rail and sea transport provides higher fuel efficiency and can carry larger volumes at lower costs, reducing reliance on HCVs for heavy goods movement. Sea transport is crucial for international trade, bypassing the need for HCVs in cross-border logistics. Both modes have lower environmental impacts, aligning with global sustainability goals. Investments in rail and port infrastructure further enhance their appeal over road transport. This competitive edge limits the growth potential of HCVs, especially in regions with robust rail and maritime networks.

Covid-19 Impact

The COVID-19 pandemic significantly disrupted the Heavy Commercial Vehicles (HCV) market, causing a sharp decline in demand due to halted industrial activities, supply chain disruptions, and reduced freight movement globally. Manufacturing facilities faced closures, while delayed infrastructure projects affected sales. However, the market saw recovery as e-commerce and essential goods transportation increased demand for trucks. Governments' stimulus packages and investments in infrastructure projects further boosted the sector. The pandemic also accelerated trends toward electric and connected commercial vehicles for future resilience.

The trucks segment is expected to be the largest during the forecast period

The trucks segment is estimated to have a lucrative growth, due to increased demand for goods transportation across industries, trucks play a vital role in logistics and supply chain operations. E-commerce expansion has further boosted the need for delivery trucks, enhancing the market's demand. Advancements in fuel efficiency, electric power trains, and autonomous driving technologies are making trucks more appealing to fleet operators. Additionally, government investments in infrastructure development are creating a more favourable environment for truck adoption. Rising urbanization and construction activities are also contributing to the demand for heavy-duty trucks.

The agriculture segment is expected to have the highest CAGR during the forecast period

The agriculture segment is anticipated to witness the highest CAGR growth during the forecast period, by driving demand for transport vehicles that can handle bulk produce. HCVs are crucial for transporting grains, vegetables, and livestock from farms to markets and processing plants. Additionally, the growth of agricultural mechanization requires heavy-duty vehicles to transport large machinery and equipment. Seasonal demand fluctuations in farming also boost the need for flexible and reliable commercial vehicles.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period by rapid urbanization, infrastructure development, and industrial expansion. Countries like China, India, and Japan are leading the demand due to increased logistics, construction, and agriculture activities. The region's rising e-commerce sector further boosts the need for efficient transportation. Additionally, government investments in road networks and initiatives to modernize fleets are driving the market. The shift towards electric and alternative fuel HCVs in countries like China is also contributing to the market's expansion, offering eco-friendly transportation solutions for the growing economy.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the expanding logistics, construction, and e-commerce sectors. The region's well-developed infrastructure and increasing demand for freight transportation are key contributors to the rise in HCV adoption. Technological advancements, including the integration of electric and autonomous vehicle technologies, are shaping the market's future. The U.S. and Canada, with their strong manufacturing capabilities, are leading producers of HCVs, supported by a strong aftermarket services market.

Key players in the market

Some of the key players profiled in the Heavy Commercial Vehicles Market include Daimler Truck AG, Volvo Group, Tata Motors Limited, Scania AB, PACCAR Inc., MAN Truck & Bus SE, Hino Motors, Ltd., Navistar International Corporation, Ashok Leyland, Isuzu Motors Limited, CNH Industrial N.V. (Iveco), BYD Auto Co., Ltd., Hyundai Motor Company, Ford Trucks (Ford Otosan) and Mack Trucks, Inc.

Key Developments:

In October 2024, Daimler Truck AG and Volvo Group signed a binding agreement to form a joint venture focused on developing a software-defined vehicle platform for heavy-duty vehicles. This venture aims to set an industry standard for truck operating systems.

In October 2024, Tata Motors Finance entered into a strategic co-sourcing agreement with Bank of India aimed at improving financing accessibility for commercial vehicle owners and fleet operators across India. This partnership seeks to enhance customer experience by leveraging both entities' strengths.

In April 2023, Tata Motors strengthened its 30-year alliance with Cummins Inc. by signing a definitive agreement to manufacture low- to zero-emissions technology products in India. This partnership includes the establishment of TCPL Green Energy Solutions Private Limited to develop sustainable technology products.

Vehicle Types Covered:

• Trucks
• Buses
• Vans
• Other Vehicle Types

Fuel Types Covered:

• Internal Combustion Engine (ICE)
• Alternative Fuels
• Biofuels
• Other Fuel Types

End Users Covered:

• Construction and Infrastructure
• Mining
• Oil and Gas
• Agriculture
• Retail and Wholesale
• Transportation and Logistics
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Heavy Commercial Vehicles Market, By Vehicle Type

• 5.1 Introduction
• 5.2 Trucks
  • 5.2.1 Rigid Trucks
  • 5.2.2 Articulated Trucks
  • 5.2.3 Tractor Trucks
• 5.3 Buses
  • 5.3.1 City Buses
  • 5.3.2 Intercity Buses
  • 5.3.3 School Buses
• 5.4 Vans
• 5.5 Other Vehicle Types

6 Global Heavy Commercial Vehicles Market, By Fuel Type

• 6.1 Introduction
• 6.2 Internal Combustion Engine (ICE)
  • 6.2.1 Diesel
  • 6.2.2 Gasoline
• 6.3 Alternative Fuels
  • 6.3.1 Electric
  • 6.3.2 Compressed Natural Gas (CNG)
  • 6.3.3 Liquefied Natural Gas (LNG)
  • 6.3.4 Hydrogen
  • 6.3.5 Hybrid
• 6.4 Biofuels
  • 6.4.1 Biodiesel
  • 6.4.2 Ethanol
• 6.5 Other Fuel Types

7 Global Heavy Commercial Vehicles Market, By End User

• 7.1 Introduction
• 7.2 Construction and Infrastructure
• 7.3 Mining
• 7.4 Oil and Gas
• 7.5 Agriculture
• 7.6 Retail and Wholesale
• 7.7 Transportation and Logistics
• 7.8 Other End Users

8 Global Heavy Commercial Vehicles Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Daimler Truck AG
• 10.2 Volvo Group
• 10.3 Tata Motors Limited
• 10.4 Scania AB
• 10.5 PACCAR Inc.
• 10.6 MAN Truck & Bus SE
• 10.7 Hino Motors, Ltd.
• 10.8 Navistar International Corporation
• 10.9 Ashok Leyland
• 10.10 Isuzu Motors Limited
• 10.11 CNH Industrial N.V. (Iveco)
• 10.12 BYD Auto Co., Ltd.
• 10.13 Hyundai Motor Company
• 10.14 Ford Trucks (Ford Otosan)
• 10.15 Mack Trucks, Inc.