Heavy Commercial Vehicles Market Size, Share & Industry Analysis, By Powertrain (ICE, BEV, HEV/PHEV, LPG & Others, and Fuel Cell), By Class (Class 7 and Class 8), By Type (Tractor Units (6x4 Axle, 6x6 Axle, and Others) and Rigid Trucks (Curtain-side Truck, Box Truck, Refrigerated Truck, Tipper Truck, Tanker Truck, Flatbed Truck, and Others)), By Application (Transportation, Construction, Mining, and Agriculture), and Regional Forecast, 2024 – 2032

Last Updated: November 17, 2025 | Format: PDF | Report ID: FBI110454

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ATTRIBUTE	DETAILS
Study Period	2019-2032
Base Year	2023
Estimated Year	2024
Forecast Period	2024-2032
Historical Period	2019-2022
Growth Rate	CAGR of 3.3% from 2024 to 2032
Unit	Value (USD Billion)
Segmentation	By Propulsion ICE BEV HEV/PHEV LPG & Others Fuel Cell
	By Class Class 7 Class 8
	By Type Tractor Units 6x4 Axle 6x6 Axle and Others Rigid Trucks Curtain-side Truck Box Truck Refrigerated Truck Tipper Truck Tanker Truck Flatbed Truck and Others
	By Application Transportation Construction Mining Agriculture
	By Region North America (By Powertrain, Class, Type, and Application) U.S. (By Powertrain, Class, and Application) Canada (By Powertrain, Class, and Application) Mexico (By Powertrain, Class, and Application) Europe (By Powertrain, Class, Type, and Application) Germany (By Powertrain, Class, and Application) France (By Powertrain, Class, and Application) U.K. (By Powertrain, Class, and Application) Russia (By Powertrain, Class, and Application) Italy (By Powertrain, Class, and Application) Switzerland (By Powertrain, Class, and Application) Rest of Europe (By Powertrain, Class, and Application) Asia Pacific (By Powertrain, Class, Type, and Application) China (By Powertrain, Class, and Application) Japan (By Powertrain, Class, and Application) India (By Powertrain, Class, and Application) South Korea (By Powertrain, Class, and Application) Vietnam (By Powertrain, Class, and Application) Philippines (By Powertrain, Class, and Application) Australia (By Powertrain, Class, and Application) Indonesia (By Powertrain, Class, and Application) Rest of Asia Pacific (By Powertrain, Class, and Application) South America (By Powertrain, Class, Type, and Application) Chile (By Powertrain, Class, and Application) Brazil (By Powertrain, Class, and Application) Argentina (By Powertrain, Class, and Application) Peru (By Powertrain, Class, and Application) Rest of South America (By Powertrain, Class, and Application) Middle East & Africa (By Powertrain, Class, Type, and Application) Egypt (By Powertrain, Class, and Application) Turkey (By Powertrain, Class, and Application) Saudi Arabia (By Powertrain, Class, and Application) South Africa (By Powertrain, Class, and Application) Rest of the Middle East & Africa (By Powertrain, Class, and Application)