Latest News- Heavy-Duty Trucks Market in Europe: 3.5 to 16 tonnes is expected to lead the Type segment during 2025-2029

The Heavy-Duty Trucks Market in Europe is being driven by Increasing demand for HD trucks in Eastern Europe

The Heavy-Duty Trucks Market in Europe is expected to grow at a CAGR of 8.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 19440.5 million. In the European automotive landscape, there is a growing emphasis on electric vehicles (EVs) as a viable solution for heavy-duty truck manufacturers to meet stringent fuel economy regulations. Notable players in the global trucking industry, including Daimler, Volvo, and PACCAR, are investing substantially in EV technology to develop electric trucks for diverse applications. Despite the initial high upfront costs associated with battery systems, the positive impact of this trend on the heavy-duty trucks market in Europe is anticipated to be significant. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • 3.5 to 16 tonnes
  • Over 16 tonnes
• Fuel Type
  • Diesel powered
  • Gasoline powered
  • Electric powered
  • Solar powered
• Propulsion
  • Internal combustion engine (ICE)
  • Hybrid and electric vehicles (HEV and BEV)
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for HD trucks in Eastern Europe
• Growing demand for HD trucks from truck rental service providers
• Stringent emission standards for HD trucks

However, the market also witnesses some limitations, which are as follows:

• High cost associated with HD trucks
• Emergence of used trucks as value proposition
• Shortage of skilled truck drivers across Europe

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Market Scope in Heavy-Duty Trucks Market in Europe Research Report

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Research Analysis Overview

The European market for Heavy-Duty Trucks is witnessing significant growth, driven by the demand for long-distance freight transportation and extreme situations. These vehicles, including commercial trailers and heavy commercial vehicles, require strong construction and powerful engines for weight-carrying capability. Mining operations and industrial activities also contribute to the market's growth. Sustainability goals are pushing the adoption of alternative-fuel vehicles and fleet modernization. Regulatory pressure for emissions reduction and the emergence of autonomous heavy-duty trucks using advanced technologies are further market trends.

Market Research Overview

The European heavy-duty trucks market is a significant segment of the global construction machinery and heavy transportation equipment industry. This market encompasses heavy commercial vehicles, such as dump trucks and commercial trailers, utilized primarily for the transportation of raw materials and goods. Key growth drivers include emerging economies' expanding infrastructure, particularly in the Asia Pacific region, and smart city initiatives. The E-Commerce industry's surge is also contributing to increased demand for heavy-duty trucks. Technavio anticipates market expansion due to the implementation of battery-powered and automated trucks, smart sensors, and charging stations, revolutionizing the industry with advanced technologies. The global construction machinery and heavy transportation equipment market, which includes heavy-duty trucks, compact earthmoving equipment, road construction and compaction equipment, crushing and screening equipment, concrete equipment, civil engineering equipment, lifting equipment, and related equipment, is expected to grow substantially due to the increasing investments in construction projects resulting from urbanization and population growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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