| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 4.56 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive High-Performance Trucks Market Analysis
The Automotive High Performance Trucks Market is expected to register a CAGR of 4.56% during the forecast period.
- The COVID-19 pandemic hindered the growth of the automotive high-performance truck market as the shutdown of manufacturing units coupled with supply chain disruptions resulted in decreased demand across various sectors like logistics, transportation, etc. However, post-pandemic, the market started gaining traction, with most shares occupied by growing construction and recreational activities worldwide.
- Over the medium term, expansion of industrial sectors in the emerging market, growing demand from the logistics industry, and rising demand from the construction sector (owing to growing construction activities). The market is expected to witness growth in the coming years, owing to growing economies across both developing and developed counties.
- Growing mining and construction sector activities among developing and developed nations are expected to contribute significantly to market growth. Further, rapid growth in the transportation and logistics industry, advancements in infrastructure, and increased recreational activities in global trade are anticipated to offer new opportunities for players in the market.
- The rapid expansion of e-commerce and logistics industries across the major regions, including North America, Europe, and Asia, is pushing the demand for a modern distribution network, which in turn is likely to increase the demand for high-performance trucks during the forecast period.
- Major manufacturers such as Daimler AG, Scania AB, Isuzu Motors Ltd., and others have seen a massive increase in e-commerce sales, which has boosted the logistics industry. Even though last-mile e-commerce transportation has traditionally relied on pick-up trucks and cargo vans, long-haul transportation is still dominated by heavy-duty trucks and trailers, likely to remain in the same demand trajectory.
Automotive High-Performance Trucks Market Trends
Heavy-duty Truck Segment is Projected to Grow at a Fast Pace
- The COVID-19 pandemic hurt the growth of heavy-duty trucks as lockdowns resulted in fewer trade activities and decreased demand from the transportation sector. Further shortage of drivers worsened the situation. However, post-pandemic restrictions eased demand for heavy-duty trucks across all major sectors, such as agriculture, mining, construction, and logistics is expected to further the sales of these heavy-duty trucks over the forecast period.
- The boom in the e-commerce sector and active engagement of key regional players, product launches, and growing focus on electrification of the fleet are anticipated to influence the market positively. For instance,
- According to The United Nations Conference on Trade and Development (UNCTAD) 2020 report, online retail sales have grown across several countries, with the Republic of Korea reporting the highest share at 25.9% in 2020, up from 20.8% in 2019. Although the reduction in services companies, total gross merchandise volume for the top 13 B2C e-commerce companies rose by 20.5% in 2020, higher than in 2019 (17.9%).
- Some of the prominent class 7 truck manufacturers operating across the market are adopting strategies like product launches, expansion, etc., to stabilize their position in the market. For instance, in May 2022, Volta Trucks announced its plans to deploy a pilot fleet of Class 7 trucks in Los Angels city by 2023, with additional cities to follow ahead of a rollout of production vehicles in 2024. With this initiative, the company plans to introduce battery-electric commercial cars into North America in 2023 by a Volta Zero Class 7 truck equivalent to the existing European 16-ton truck, with a dry or refrigerated cargo box.
- In November 2021, Isuzu announced that it plans to enter the Class 7 market in North America with F-Series Featuring Allison Rugged Duty Series Transmission. The Allison 2500 without park pawl has been integrated into the Class 7 capable Isuzu FVR model.
- In April 2021, Peterbilt Motors Co. unveiled their new Model 537 and Model 548 trucks, designed for the Class 7 and 8 segments. The new Model 537 and Model 548 are built upon a brand-new customizable chassis and multiplex electrical architecture.
- Over the forecast period, such developments are anticipated to rise, and critical players' presence is also expected to grow significantly. Such a positive environment results in the optimistic growth of the market during the forecast period.
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Asia-Pacific is dominating the Market
- Trucks are fundamental for businesses, including mining, construction, infrastructure development, and energy plants, creating a favorable market environment. The growing need for consistent material supply to the power industries and debris removal to speed up mining activities is expected to accelerate the demand for high-performance trucks across the country.
- For instance, in January 2022, the Chinese government announced its calls to boost infrastructure construction to counter the economic slowdown. The government ordered state-owned policy banks to set up an 800 billion yuan (USD 120 billion) line of credit for infrastructure projects.
- Supportive policies introduced by the government of China helped the country's logistics sector recover in May, as per the China Federation of Logistics and Purchasing (CFLP). The logistics performance index for May 2022 rose by 5.5% month on month (MoM) to reach 49%. The report stated that this improved performance could be attributed to the measures adopted by China to unblock logistics and help businesses during difficulties.
- Participants are establishing strategic partnerships to invent new technologies to minimize carbon emissions and improve market value. For instance, in October 2021, the new generation of Auman Planetary lightweight dump trucks was launched in Shanxi, and 107 units were ordered. In the face of Shanxi and other national regulations and customer needs, Auman Planetary provides a new generation of lightweight solutions.
- Apart from these developments, the growing usage of garbage trucks, especially for handling waste management, supports market demand. For instance, Mitsubishi Fuso Truck and Bus Co. Ltd, based on the electric light truck "eCanter" and ShinMaywa Industries Ltd, delivered one EV garbage collection vehicle to Atsugi City Kanagawa Prefecture in March 2022.
- In January 2022, a municipal government in the central Japan prefecture of Aichi started working with universities to create a system where residents are notified when garbage trucks are approaching. This was to solve various household trash problems, including odors and animals scavenging through garbage left outside. In the joint demonstration test started by groups, including the Nisshin Municipal Government, Meijo University in the Aichi Prefecture capital Nagoya and Nagoya University, GPS devices are set up in all 20 garbage trucks in Nisshin.
- With the above-mentioned development and investment across the region is likely to witness major growth for the market during the forecast period.
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Automotive High-Performance Trucks Industry Overview
The Automotive high-performance truck is dominated by several key players such as Toyota Motor Corporation, Tata Motors Ltd., AB Volvo, Paccar Inc., and others. Major key players are expanding their manufacturing facilities to enhance their product portfolio across the globe and are likely to witness major growth in the market during the forecast period.
In May 2022, Volvo Group and Deutsche Post DHL Group signed a cooperation agreement to accelerate the shift to zero exhaust emission vehicles. DHL intends to intensify its transition to heavy electric trucks by deploying a total of 44 new electric Volvo trucks on routes in Europe.
In December 2021, Volvo Group, Daimler Truck, and the TRATON GROUP signed an agreement to create a joint venture (JV) to install and operate a high-performance public charging network for battery electric, heavy-duty long-haul trucks and coaches across Europe.
In July 2021, Scania AB signed an agreement with leading European commercial vehicle manufacturers to install and operate a public charging network for battery electric, heavy-duty, long-haul trucks, and European coaches.
Automotive High-Performance Trucks Market Leaders
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PACCAR Inc
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Scania AB
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AB Volvo
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Tata Motors Ltd.
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Toyota Motor Corporation
- *Disclaimer: Major Players sorted in no particular order
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Automotive High-Performance Trucks Market News
- January 2023: BharatBenz showcased their latest high-performance construction and mining trucks at Bauma 2023. Among the impressive lineup were the 3532CM and 2832CM mining tippers, along with the 5532 Tip Trailer. These cutting-edge vehicles come equipped with a robust 320hp BS VI diesel powertrain, providing an exceptional level of high wheel-end torque. This feature enables these trucks to navigate and conquer even the most challenging and steep mining roads with ease.
- September 2022: AB Volvo made a significant announcement regarding the launch of electric versions of their renowned heavy-duty truck lineup, including Volvo FH, Volvo FM, and Volvo FMX. The company took a step towards sustainable transportation by initiating a series of production of these electric trucks. This move is a testament to Volvo's commitment to reducing carbon emissions and embracing eco-friendly technologies in the commercial trucking industry.
- June 2022: Eicher Trucks and Buses, a division of VE Commercial Vehicles Limited, unveiled their latest offering, the Eicher Pro 5000 series. This impressive range of heavy-duty trucks, ranging from 16T to 40T, is powered by the highly efficient E694 engine integrated with i3 EGR technology from Volvo Group's EMS 3.0. The engine is engineered to meet BSIV requirements, ensuring compliance with emissions standards while delivering outstanding performance. The introduction of the Eicher Pro 5000 series signifies Eicher's dedication to providing robust and reliable trucks tailored to meet the demanding needs of modern transportation.
Automotive High-Performance Trucks Industry Segmentation
The high-performance trucks are equipped with advanced electric motors, telematic systems, and traction systems that will help to increase the performance of the trucks. High-performance trucks consist of cabin space and cargo space to carry goods. Trucks with a power output of 250 HP are considered high-performance trucks.
The automotive high-performance truck is segmented into truck type, drive type, and geography. Based on the truck type, the market is segmented into light-duty trucks, medium-duty trucks, and heavy-duty trucks. Regarding propulsion, the market is categorized into internal combustion engines and electric or hybrid options. Geographically, the market is divided into North America, Europe, Asia-Pacific, and the rest of the world.
For each segment, the market sizing and forecast have been done based on the value (USD).
| Truck Type | Light-duty Trucks | ||
| Medium-duty Trucks | |||
| Heavy-duty Trucks | |||
| Drive Type | Internal Combustion Engine | ||
| Electric Or Hybrid | |||
| Geography | North America | United States | |
| Canada | |||
| Rest Of North America | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Rest of Europe | |||
| Asia-Pacific | India | ||
| China | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Rest of the World | South America | ||
| Middle-East and Africa | |||
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Automotive High-Performance Trucks Market Research FAQs
What is the current Automotive High Performance Trucks Market size?
The Automotive High Performance Trucks Market is projected to register a CAGR of 4.56% during the forecast period (2025-2030)
Who are the key players in Automotive High Performance Trucks Market?
PACCAR Inc, Scania AB, AB Volvo, Tata Motors Ltd. and Toyota Motor Corporation are the major companies operating in the Automotive High Performance Trucks Market.
Which is the fastest growing region in Automotive High Performance Trucks Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Automotive High Performance Trucks Market?
In 2025, the North America accounts for the largest market share in Automotive High Performance Trucks Market.
What years does this Automotive High Performance Trucks Market cover?
The report covers the Automotive High Performance Trucks Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Automotive High Performance Trucks Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Automotive High-Performance Trucks Industry Report
Statistics for the 2025 Automotive High Performance Trucks market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Automotive High Performance Trucks analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
