Market Size of europe medium and heavy-duty commercial vehicles Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2029 |
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Market Size (2024) | USD 72.75 Billion |
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Market Size (2029) | USD 116.19 Billion |
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Largest Share by Sub Body Type | Medium-duty Commercial Trucks |
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CAGR (2024 - 2029) | 9.82 % |
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Largest Share by Country | Germany |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Medium & Heavy-duty Commercial Vehicles Market Analysis
The Europe Medium and Heavy-duty Commercial Vehicles Market size is estimated at USD 72.75 billion in 2024, and is expected to reach USD 116.19 billion by 2029, growing at a CAGR of 9.82% during the forecast period (2024-2029).
- Largest Segment by Fuel Type - Gasoline : The availability of fuel and the lack of charging infrastructure for electric vehicles are the factors surging the demand for traditional fuel engines.
- Largest Segment by Sub-Body Type - M&HDT : In Europe, trucks have registered the largest sales in the overall medium and heavy-duty commercial vehicles market due to the usage of heavy-duty trucks in commercial use, such as industrialization.
- Fastest-growing Segment by Fuel Type - FCEV : Government focus on green mobility to cut carbon emissions, and development in charging infrastructure is making BEV the fastest growing fuel type in commercial vehicles in Europe.
- Largest Segment by Country - Germany : The growing demand for construction activities, logistics sector, and growth in e-commerce is enhancing the sales of medium and heavy-duty commercial trucks in Germany.
