Dublin, May 07, 2025 (GLOBE NEWSWIRE) -- The "Medium & Heavy Trucks Global Industry Guide 2020-2029" has been added to ResearchAndMarkets.com's offering.
The global medium & heavy trucks market is poised for steady growth with revenues reaching $2.58 trillion in 2024, marking a compound annual growth rate (CAGR) of 2.4% from 2019 to 2024. Market production volumes also saw an increase, with a CAGR of 1.2%, culminating in a production of 26.00 million units in 2024. North America dominated the market, representing 68.7% of global market share in 2024.
The competitive landscape in the medium & heavy trucks industry is shaped by several leading players, whose performance metrics highlight ongoing competitive pressures. The market profile offers an extensive analysis of these competitors, covering their global operations and financial achievements.
With comprehensive Five Forces analysis, stakeholders can gain insights into the competitive intensity within the market, allowing for informed strategic decision-making. Understanding these dynamics adds substantial value to business presentations and pitches, especially with five-year forecasts available both in terms of value and volume, providing a clear picture of future growth prospects.
The market segmentation outlines distinct categories within the medium & heavy trucks sector, offering clarity on where the most significant opportunities and challenges lie. This segmentation, alongside macroeconomic indicators, aids in decoding broader economic trends that impact the industry.
Potential buyers and industry analysts will find value in this profile as it answers pivotal questions regarding market value fluctuations from 2019 through 2024, and projects the market status towards 2029. Additionally, it delves into the factors governing market competitiveness and performance trends over the last five years.
Overall, the global medium & heavy trucks market profile serves as a crucial tool, not just for entering industry stakeholders seeking to get a grip on market size and growth, but also for established players strategizing to enhance their market position. Continuous monitoring of economic indicators and competitive forces will be critical in navigating this evolving landscape.
A selection of companies mentioned in this report includes, but is not limited to:
- AB Volvo
- Ashok Leyland Ltd
- Beiqi Foton Motor Co Ltd
- China FAW Group Co Ltd
- CNH Industrial NV
- DAF Trucks NV
- Daimler Truck Holding AG
- Dongfeng Motor Group Co Ltd
- Eicher Motors Ltd
- Ford Otomotiv Sanayi AS
- GAZ
- Hino Motors Ltd
- Hyundai Motor Co
- Isuzu Motors Ltd
- Iveco Group NV
- Kamaz
- Kia Corp
- Mahindra & Mahindra Ltd
- MAN Truck & Bus SE.
- Mercedes-Benz Group AG
- Mitsubishi Fuso Truck and Bus Corporation
- PACCAR Inc
- Scania AB
- Sinotruk (Hong Kong) Ltd
- Tata Motors Ltd
- Tesla Inc
- Toyota Motor Corp
- Traton SE
- Volkswagen AG
For more information about this report visit https://www.researchandmarkets.com/r/huv14g
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