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Class 8 Trucks Market, Forecast to 2033

Class 8 Trucks Market By Fuel Type (Diesel-powered Trucks, Electric Trucks, Alternative Fuel Trucks (CNG, LNG)), By Application (Freight and Logistics, Construction, Waste Management, Mining), By Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021-2033.

Report ID : 3270 | Publisher ID : Transpire | Published : 2026-01-15 | Pages : 259

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Market Summary

The global Class 8 Trucks Market size was valued at USD 265 billion in 2025 and is projected to reach USD 430.5 billion by 2033, growing at a CAGR of 5.80% from 2026 to 2033. The Class 8 Truck industry is of very large size. This industry is made up of the biggest trucks. These trucks are created to help transport large amounts of products to very long distances. They can be used for tasks such as building, mining, and transporting commodities. Class 8 trucks are basically the sort that includes rig dump trucks and cement mixers, which are above 33,000 pounds. The Class 8 trucks have a very significant impact on economies that trade with each other as well as facilitating the delivery of commodities from one place to another. Class 8 trucks can be regarded as the backbone of industry because they help commodities reach their destination.

There are a number of shifts happening in the world of e-commerce, freight, and trucks because of the available technologies as well as the need for a safe and efficient vehicle. There is also the need for tougher emission controls combined with a movement towards replacing the current generation of trucks. This will help the truck industry shift towards new class 8 trucks.

Market Size & Forecast

  • 2025 Market Size: USD 265 Billion
  • 2033 Projected Market Size: USD 430.5 Billion
  • CAGR (2026-2033): 5.80%
  • North America: Largest Market in 2026
  • Asia Pacific: Fastest Growing Marketclass-8-trucks-market-size

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Key Market Trends Analysis

  • There is a requirement for Class 8 Trucks owing to the rise in online shopping and international shipping. Class 8 Trucks play an extremely significant role when it comes to the transportation of goods from one location to the other, especially when shipping the goods to the country or international locations. This is because Class 8 Trucks are the type of trucks used to ship the commodities over long-distance routes and play a significant part in the shipping of commodities. There is an increase in the requirement for Class 8 Trucks owing to the rise in online shopping and international shipping.
  • Technologies such as fuel-efficient engines and predictive maintenance telematics. These technologies are comprised of ADAS safety systems. Technologies bring about numerous advantages. For instance, technologies allow us to experience performance. Technologies enable us to cut the costs of operating the product. Most importantly, technologies ensure the road is safe for the driver.
  • They want to reduce stuff trucks put in the air, so they are making rules so that people use Class 8 trucks that are cleaner and get better gas mileage. This is going on around the world. The government is trying to reduce the things Class 8 trucks emit to the air. They want the Class 8 trucks to be cleaner and to use fuel in a conservative manner.
  • Fleet Modernization and Replacement Trends: They want trucks that are capable of running for long periods without breakdown, a factor which has influenced the purchase of trucks by the truck owners. In addition, it can be said that most of the on-road trucks are getting older in these developed markets. Therefore, people are purchasing Class 8 trucks for reliable operation. They also need to replace trucks with new Class 8 trucks coming within the perimeter of new standards for safety and emission, because of fleet modernization and replacement trends.

In conclusion, the global market for Class 8 trucks is in good condition. This is because the market is increasing in size as more people buy Class 8 trucks. More people buy Class 8 trucks as more people buy goods from the internet, and there is a need for logistics. However, there is an issue with the negative effects that Class 8 trucks release into the atmosphere. This is because manufacturers have come up with Class 8 trucks that use fuel and batteries. This will impact the nature of Class 8 trucks in the future. Class 8 trucks will differ in the future owing to the concept that has been proposed. As such, the relationship presented in this scenario points towards the market that sustains the analysis and focus on the sustainability, efficiency, and enhancement of Class 8 trucks, thus leading to the inevitable role played by Class 8 trucks in global transport services.

Class 8 Trucks Market Segmentation

By Fuel Type

  • Diesel Powered Trucks

Diesel trucks are currently the leaders in the Class 8 segment because of the torque and range they provide. They were always the vehicle of choice when it comes to long haul and heavyweight payloads.

  • Electric Trucks

Battery-powered Class 8 trucks also continue to gain momentum because of the efforts of the transportation fleet to reduce the environmental impact of the trucks and reduce fuel costs. The advancement of battery technology and the offers by the government play a significant role in the promotion of the use of battery trucks, especially for intrastate deliveries.

  • Alternative Fuel Trucks (CNG, LNG)

CNG and LNG trucks give a cleaner alternative for trucks that use diesel fuels. They produce fewer emissions, conserve fuel expenses as they become popular within vehicle fleets to meet the environmental standards without limiting the carrying ability.class-8-trucks-market-fuel-type

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By Application

  • Freight and Logistics

Long haul transport, coupled with increasing e-commerce demand, drives Class 8 trucks as the biggest application segment. These trucks ensure bulk goods are moved efficiently across regional and international routes.

  • Construction

The construction sector additionally has a demand for Class 8 trucks for the purpose of carrying heavy loads of cement, sand, and equipment. This demand has been sustained by infrastructure development as well as urbanization.

  • Waste Management

Class 8 trucks hold importance regarding the collection and transportation of municipal and industrial waste, since their strong resistance, paired with their high load-carrying capacity, allows them to bear continuous heavy-duty work.

  • Mining

The class 8 trucks are used in the mining process to transport ores, minerals, and overburden material. These trucks and their rugged design and high performance are essential in unconducive and remote locations.

Regional Insights

North America is the most mature market by the size of class 8 trucks, and this is attributed to the presence of huge freight and logistics operations, developed highway infrastructure, and domestic demand for transportation services. This is led by the US and Canada, as truckers are replacing their old trucks with the installation of telematic and safety features that improve range and comply with emissions standards.

The Europe market contributes substantially as far as the Global Class 8 Truck Market is concerned due to strict emission regulations, investments in cleaner technologies, and constant cargo movement between various European nations. Major nations like Germany, the UK, and France are promoting alternative fuel trucks or electric trucks as part of sustainable development strategies and improving logistics infrastructure.

The Asia Pacific market leads and is expected to maintain its position in the Class 8 market, with rising industrialization and development in the areas of e-commerce and infrastructural development in the Chinese, Indian, Japanese, and South Korean markets. Increasing usage in the construction, mining, and logistics industries and support from the governments for environmentally friendly vehicles drive the market.class-8-trucks-market-region

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Recent Development News

  • In April 2024, the Volvo Group announced its plan to build a new heavy-duty truck manufacturing plant in Mexico, parallel to their existing US-based operations. If this plan comes to fruition, Volvo would likely be the only active OEM in the US Class 8 segment operating a plant in Mexico by the year 2026, allowing them to further improve their supply flexibility and cost competitiveness.

Source: https://www.volvogroup.com/en/news-and-media/news/2024/apr/volvo-group-to-increase-north-american-heavy-truck-production-capacity.html

  • In January 2025, ReVolt introduced a new hybrid powertrain retrofit design for class 8 trucks that is less expensive than buying new battery electric vehicles. The series hybrid system includes a CATL 210 kWh battery alongside an onboard Scania diesel engine, which serves as a generator to charge the battery when in use. It enables 670 horsepower with 3,500 lb-ft of torque, supports 130,000 lbs gross vehicle weight rating, and has a combined range of 1200 miles.

Source: https://www.powerprogress.com/news/revolt-to-show-series-hybrid-retrofit-system-on-class-8-truck/8050571.article

Report Metrics

Details

Market size value in 2025

USD 265 Billion

Market size value in 2026

USD 290.00 Billion

Revenue forecast in 2033

USD 430.00 Billion

Growth rate

CAGR of 5.80% from 2026 to 2033

Base year

2025

Historical data

2021 – 2024

Forecast period

2026 – 2033

Report coverage

Revenue forecast, competitive landscape, growth factors, and trends

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

United States; Canada; Mexico; United Kingdom; Germany; France; Italy; Spain; Denmark; Sweden; Norway; China; Japan; India; Australia; South Korea; Thailand; Brazil; Argentina; South Africa; Saudi Arabia; United Arab Emirates

Key company profiled

Daimler, Freightliner, International Motors, Isuzu Motors, Kenworth, Mack Trucks, MAN, Peterbilt, Scania, Volvo Trucks, Bell Trucks America, John Deere, Hitachi

Customization scope

Free report customization (country, regional & segment scope). Avail customized purchase options to meet your exact research needs.

Report Segmentation

By Fuel Type (Diesel-powered Trucks, Electric Trucks, Alternative Fuel Trucks (CNG, LNG)), By Application (Freight and Logistics, Construction, Waste Management, Mining)

Key Class 8 Trucks Company Insights

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Key Class 8 Trucks Companies:

Global Class 8 Trucks Market Report Segmentation

By Fuel Type

  • Diesel-powered Trucks
  • Electric Trucks
  • Alternative Fuel Trucks (CNG, LNG)

By Application

  • Freight and Logistics
  • Construction
  • Waste Management
  • Mining

Regional Outlook

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • Australia & New Zealand
    • South Korea
    • India
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Rest of the Middle East & Africa

1. Introduction
1.1. Report Description
1.2. Overview of the Class 8 Trucks Market: Definition
1.3. Market Research Scope
1.4. Market Covered: Regional Scope
1.5. Years Considered for The Study
1.6. Currency and Pricing
2. Research Methodology
2.1. Description
2.1.1. Market Research Process
2.1.2. Information Procurement
2.1.3. Data Analysis
2.1.4. Market Formulation & Validation
3. Executive Summary
3.1. Key Insight of the Study
3.2. Segmentation Outlook By Fuel Type
3.3. Segmentation Outlook By Application
3.4. Segmentation Outlook By Region
4. Class 8 Trucks Market – Industry Outlook
4.1. Impact of COVID-19 on the Market
4.2. Market Attractiveness Analysis
4.2.1. Market Attractiveness Analysis By Fuel Type
4.2.2. Market Attractiveness Analysis By Application
4.2.3. Market Attractiveness Analysis by Region
4.3. Industry Swot Analysis
4.3.1. Strength
4.3.2. Weakness
4.3.3. Opportunities
4.3.4. Threats
4.4. Porter's Five Forces Analysis
4.4.1. Threat of New Entrants
4.4.2. Bargaining Power of Suppliers
4.4.3. Bargaining Power of Buyers
4.4.4. Threat of Substitutes
4.4.5. Industry Rivalry
4.5. Pointers Covered at the Micro Level
4.5.1. Customers
4.5.2. The Supply and Demand Side
4.5.3. Shareholders and Investors
4.5.4. Media, Advertising, and Marketing
4.6. Pointers Covered at the Macro Level
4.6.1. Economic Factors
4.6.2. Technological Advancements
4.6.3. Regulatory Environment
4.6.4. Societal and Cultural Trends
4.7. Value Chain
4.7.1. Raw Material Sourcing
4.7.2. Manufacturing/Processing
4.7.3. Quality Control and Testing
4.7.4. Packaging and Distribution
4.7.5. End-Use Segment 4S
4.8. Impact of AI Across Leading Economies
5. Market Overview and Key Dynamics
5.1. Market Dynamics
5.2. Drivers
5.2.1. Growing global freight and logistics demand driven by e-commerce, industrialization, and international trade.
5.2.2. Infrastructure development and construction activities increasing the need for heavy-duty hauling vehicles.
5.3. Restraints and Challenges
5.3.1. High initial purchase and maintenance costs associated with Class 8 trucks.
5.3.2. Volatility in fuel prices and supply chain disruptions affecting operating expenses.
5.4. Opportunities
5.4.1. Rising adoption of electric, hydrogen, and alternative fuel Class 8 trucks to meet sustainability goals.
5.4.2. Advancements in autonomous driving, telematics, and connected truck technologies.
6. Global Class 8 Trucks Market Insights and Forecast Analysis
6.1.1. Global Class 8 Trucks Market Analysis and Forecast
7. Class 8 Trucks Market Insights & Forecast Analysis, By Fuel Type – 2021 to 2033
7.1. Class 8 Trucks Market Analysis and Forecast, By Fuel Type
7.1.1. Diesel-powered Trucks
7.1.2. Electric Trucks
7.1.3. Alternative Fuel Trucks (CNG, LNG)
8. Class 8 Trucks Market Insights & Forecast Analysis, By Application – 2021 to 2033
8.1. Class 8 Trucks Market Analysis and Forecast, By Application
8.1.1. Freight and Logistics
8.1.2. Construction
8.1.3. Waste Management
8.1.4. Mining
9. Class 8 Trucks Market Insights & Forecast Analysis, By Region – 2021 to 2033
9.1. Class 8 Trucks Market, By Region
9.2. North America Class 8 Trucks Market, By Fuel Type
9.2.1. North America Class 8 Trucks Market, By Fuel Type, Revenue (USD Billion), (2021 -2033), CAGR (%) (2026-2033)
9.3. North America Class 8 Trucks Market, By Application
9.3.1. North America Class 8 Trucks Market, By Application, Revenue (USD Billion), (2021 -2033), CAGR (%) (2026-2033)
9.4. North America Class 8 Trucks Market Insights & Forecast Analysis, BY Segmentation and Country – 2021 - 2033
9.5. North America Class 8 Trucks Market, By Country
9.5.1. United States
9.5.2. Canada
9.5.3. Mexico
9.6. Europe Class 8 Trucks Market, By Fuel Type
9.6.1. Europe Class 8 Trucks Market, By Fuel Type, Revenue (USD Billion), (2021 -2033), CAGR (%) (2026-2033)
9.7. Europe Class 8 Trucks Market, By Application
9.7.1. Europe Class 8 Trucks Market, By Application, Revenue (USD Billion), (2021 -2033), CAGR (%) (2026-2033)
9.8. Europe Class 8 Trucks Market Insights & Forecast Analysis, BY Segmentation and Country – 2021 - 2033
9.9. Europe Class 8 Trucks Market, By Country
9.9.1. Germany
9.9.2. United Kingdom
9.9.3. France
9.9.4. Italy
9.9.5. Spain
9.9.6. Rest of Europe
9.10. Asia Pacific Class 8 Trucks Market, By Fuel Type
9.10.1. Asia Pacific Class 8 Trucks Market, By Fuel Type, Revenue (USD Billion), (2021 -2033), CAGR (%) (2026-2033)
9.11. Asia Pacific Class 8 Trucks Market, By Application
9.11.1. Asia Pacific Class 8 Trucks Market, By Application, Revenue (USD Billion), (2021 -2033), CAGR (%) (2026-2033)
9.12. Asia Pacific Class 8 Trucks Market Insights & Forecast Analysis, BY Segmentation and Country – 2021 - 2033
9.13. Asia Pacific Class 8 Trucks Market, By Country
9.13.1. China
9.13.2. India
9.13.3. Japan
9.13.4. Australia
9.13.5. South Korea
9.13.6. Rest of Asia
9.14. South America Class 8 Trucks Market, By Fuel Type
9.14.1. South America Class 8 Trucks Market, By Fuel Type, Revenue (USD Billion), (2021 -2033), CAGR (%) (2026-2033)
9.15. South America Class 8 Trucks Market, By Application
9.15.1. South America Class 8 Trucks Market, By Application, Revenue (USD Billion), (2021 -2033), CAGR (%) (2026-2033)
9.16. South America Class 8 Trucks Market Insights & Forecast Analysis, BY Segmentation and Country – 2021 - 2033
9.17. South America Class 8 Trucks Market, By Country
9.17.1. Brazil
9.17.2. Argentina
9.17.3. Rest of South America
9.18. Middle East and Africa Class 8 Trucks Market, By Fuel Type
9.18.1. Middle East and Africa Class 8 Trucks Market, By Fuel Type, Revenue (USD Billion), (2021 -2033), CAGR (%) (2026-2033)
9.19. Middle East and Africa Class 8 Trucks Market, By Application
9.19.1. Middle East and Africa Class 8 Trucks Market, By Application, Revenue (USD Billion), (2021 -2033), CAGR (%) (2026-2033)
9.20. Middle East and Africa Class 8 Trucks Market Insights & Forecast Analysis, By Segmentation and Country – 2021 - 2033
9.21. Middle East and Africa Class 8 Trucks Market, By Country
9.21.1. Saudi Arabia
9.21.2. United Arab Emirates
9.21.3. South Africa
9.21.4. Rest of Middle East and Africa
10. Class 8 Trucks Market: Competitive Landscape
10.1. Competitive Rivalry and Division
10.2. Company Market Share Analysis
10.3. Class 8 Trucks Market: Top Winning Strategies
10.4. Class 8 Trucks Market: Competitive Heatmap Analysis
11. Class 8 Trucks Market: Company Profiles
11.1. Daimler
11.1.1. Overview of Business
11.1.2. Economic Performance of the Company
11.1.3. Key Executives
11.1.4. Portfolio of Fuel Types
11.1.5. Company Strategy Mapping
11.2. Freightliner
11.3. International Motors
11.4. Isuzu Motors
11.5. Kenworth
11.6. Mack Trucks
11.7. MAN
11.8. Peterbilt
11.9. Scania
11.10. Volvo Trucks
11.11. Bell Trucks America
11.12. John Deere
11.13. Hitachi

  • Daimler
  • Freightliner
  • International Motors
  • Isuzu Motors
  • Kenworth
  • Mack Trucks
  • MAN
  • Peterbilt
  • Scania
  • Volvo Trucks
  • Bell Trucks America
  • John Deere
  • Hitachi

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Frequently Asked Questions

Find quick answers to the most common questions

The approximate Class 8 Trucks Market size for the market will be USD 430.5 billion in 2033.

Key segments for the Class 8 Trucks Market are By Fuel Type (Diesel-powered Trucks, Electric Trucks, Alternative Fuel Trucks (CNG, LNG)), By Application (Freight and Logistics, Construction, Waste Management, Mining).

Major Class 8 Trucks Market players are Daimler, Freightliner, International Motors, Isuzu Motors, Kenworth, Mack Trucks, MAN, Peterbilt, Scania, Volvo Trucks, Bell Trucks America, John Deere, Hitachi.

The North America region is leading the Class 8 Trucks Market.

The CAGR of the Class 8 Trucks Market is 5.80%.

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