Market research and competitive intelligence provider Fact.MR reports the global heavy duty truck market is approximated at a value of $194.82 billion in 2024 and is projected to reach $305.46 billion by 2034, according to a new study by the company.
Fact.MR says key takeaways from its study includes:
- Worldwide sales of heavy-duty trucks are forecasted to rise at a CAGR of 6% during the forecasted period.
- The United States market is projected to reach $51.44 billion by 2034.
- The South Korea market is set to register a CAGR of 7% through 2034.
- Class 8 heavy-duty trucks are estimated to account for 2% of the global market share in 2024.
For More Insights into the Market, Request a Sample of this Report, go to the Fact.MR website.
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