TRUCK TRANSPORTATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Global Truck Transportation Market Size and Forecast – 2025-2032

The Global Truck Transportation Market is estimated to be valued at USD 2.38 Tn in 2025 and is expected to reach USD 4.41 Tn by 2032, exhibiting a compound annual growth rate (CAGR) of 9.2% from 2025 to 2032.

Key Takeaways of the Global Truck Transportation Market

• The heavy trucks segment leads the market holding an estimated share of 48.4% in 2025.
• The industrial & manufacturing segment is projected to dominate with a share of 23.7% in 2025.
• Asia Pacific is estimated to lead the market with a share of 30.8% in 2025. Middle East, holding a share of 14.2% in 2025, is projected to be the fastest growing region.

Market Overview

The truck transportation industry is seeing many trends including the adoption of advanced technologies such as telematics, GPS tracking, and autonomous vehicles to improve efficiency and safety. To add, sustainability is a big concern, creating demand for alternative fuel vehicles to reduce carbon emissions. The market is also witnessing consolidation through mergers and acquisitions, as companies seek to expand their geographic presence and improve their service offerings to meet the evolving needs of customers.

Current Events and Its Impact

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Segmental Insights

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Global Truck Transportation Market Insights, by Size - Heavy Trucks Dominate Due to Robust Demand from Industries and Infrastructure Development

The heavy trucks segment is expected to contribute the highest share of 48.4% in the market in 2025. These trucks have a high payload capacity and offer durability, which makes them very useful in the logistics sector. The increasing industrialization and globalization have created a lot of demand for heavy trucks, as businesses need reliable transportation to move raw materials, finished products, and equipment. The growth of e-commerce has further fueled the need for heavy trucks, as online retailers rely on these vehicles to deliver goods to customers promptly.

Moreover, the ongoing infrastructure development projects, such as the construction of highways, bridges, and ports, have boosted the demand for heavy trucks to transport heavy materials like cement, steel, and machinery.

Global Truck Transportation Market Insights, by Application – Industrial & Manufacturing Sector Leads, Relying Heavily on Trucks for Transporting Raw Materials, Finished Goods, And Equipment

The industrial & manufacturing segment is projected to contribute the highest share of 23.7% in the market in 2025, as trucks play a vital role in the supply chain of this sector. The industrial and manufacturing companies rely heavily on trucks to transport raw materials, finished goods, and equipment between factories, warehouses, and distribution centers. The globalization of supply chains has also contributed to the growth of this segment, as companies source raw materials and components from different parts of the world. Trucks play a crucial role in the international trade, as they are used to transport goods from ports to inland locations and vice versa. Furthermore, advancements in technology, such as the use of GPS tracking and real-time monitoring, have enabled companies to optimize their supply chain operations and improve the efficiency of their truck transportation.

Role of Artificial Intelligence (AI) in the Market

Artificial Intelligence (AI) is reshaping the global truck transport market by optimizing fleet operations, enhancing route planning, and driving predictive maintenance. AI-powered logistics platforms are enabling real-time traffic analysis, dynamic scheduling, and load optimization, significantly reducing fuel consumption and transit times. With rising fuel prices and tight delivery schedules, transport companies are leveraging AI to boost efficiency and remain competitive. In particular, machine learning models are being used to predict vehicle breakdowns and maintenance needs, minimizing downtime and improving asset utilization across the supply chain.

A prime instance of AI's impact is seen in the partnership between Volvo Group and Nvidia, where AI is integrated into autonomous trucking systems. Their joint venture, aimed at building a scalable AI platform for self-driving trucks, demonstrates how OEMs are embracing AI not only for automation but also for safety and sustainability.

Regional Insights

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Asia Pacific Truck Transportation Market Analysis and Trends

Asia Pacific, holding a share of 30.8% in 2025, dominates the global truck transportation market. The rapid urbanization, rising population, and increasing industrialization in countries like China, India, and Southeast Asian nations have created a significant demand for truck transportation services. The expanding e-commerce sector and the development of logistics infrastructure have further propelled the market's growth. Government initiatives aimed at improving road connectivity and promoting trade have also played a crucial role in driving the market's expansion. Moreover, the presence of key players, such as Daihatsu, Hino Motors, and Tata Motors, has contributed to the market's dynamism in the region.

Middle East Truck Transportation Market Analysis and Trends

The Middle East region, holding a share of 14.2% in 2025, is expected to exhibit the fastest growth in the global truck transportation market. Driven by large-scale infrastructure projects, expanding oil and gas activities, and robust trade across the Gulf Cooperation Council (GCC) nations, the demand for efficient freight and logistics solutions has surged. Countries like Saudi Arabia and the UAE are heavily investing in transport and logistics infrastructure under initiatives such as Saudi Vision 2030 and the UAE’s National Logistics Strategy, which are fostering a more connected and diversified economy.

Additionally, the rise of regional e-commerce, coupled with strategic port developments and free trade zones, is boosting the need for both long-haul and last-mile trucking services. The entry and expansion of key players like FAW Trucks and Ashok Leyland in the Middle East market—alongside localized assembly plans—underscore the region's growing importance. Furthermore, increasing collaboration between local governments and private logistics firms to adopt digital technologies and green transport solutions is expected to accelerate the market’s transformation in the coming years.

Global Truck Transportation Market Outlook for Key Countries

U.S. Truck Transportation Market Analysis and Trends

The U.S. truck transportation market is characterized by a mature and highly competitive landscape. The country's extensive highway network and advanced logistics infrastructure support the thriving truck transportation industry. Major players, such as J.B. Hunt Transport Services, Knight-Swift Transportation Holdings, and Schneider National, dominate the market, offering a wide range of services, including full truckload, less-than-truckload, and intermodal transportation.

China Truck Transportation Market Analysis and Trends

China truck transportation market has experienced significant growth, driven by the country's rapid economic development and expanding trade activities. The presence of large-scale manufacturers and the increasing demand for goods transportation have further fueled the market's expansion. Notable players in China truck transportation market include Sinotrans, Jiangxi Changjiu Biochemical Industry Group, and FAW Jiefang Commercial Vehicle.

Germany Truck Transportation Market Analysis and Trends

Germany continues to lead the Europe truck transportation market, owing to its strategic location, well-developed transportation infrastructure, and strong automotive industry presence. The country's efficient road network and its position as a major transit hub for European trade have contributed to the market's growth. German truck manufacturers, such as Daimler AG and MAN SE, have a significant presence in the global market, offering a range of advanced and eco-friendly vehicles.

India Truck Transportation Market Analysis and Trends

India truck transportation market has witnessed substantial growth, driven by the country's rapidly expanding economy, increasing industrialization, and growing logistics sector. The government's initiatives, such as the "Make in India" campaign and investments in road infrastructure development, have supported the growth of the truck transportation industry. The rising demand for last-mile delivery services, fueled by the e-commerce boom, has further propelled the market's expansion. Key players in the India truck transportation market include Tata Motors, Ashok Leyland, and Mahindra & Mahindra.

Japan Truck Transportation Market Analysis and Trends

Japan truck transportation market is characterized by its technological advancements and focus on efficiency. The country's well-developed transportation infrastructure, including an extensive highway network and advanced logistics facilities, supports the smooth operation of the truck transportation industry. Japanese truck manufacturers, such as Hino Motors and Isuzu Motors, are known for their fuel-efficient and environmentally friendly vehicles. The market's growth is driven by the demand for just-in-time delivery services and the increasing adoption of smart transportation solutions.

Market Players, Key Development, and Competitive Intelligence

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Key Developments

• On May 26, 2025, a Sweden-based truck brand, Scania, announced plans to launch its USD 2.28 billion (2 billion euro) Chinese production hub in October 2025, its third global manufacturing base alongside facilities in Sweden and Brazil.
• On May 21, 2025, FAW Trucks, China's largest truck maker by sales, announced plans to sell more than 10,000 trucks a year in the Middle East and is seeking local partners to reach that goal. As part of this effort, the company is speeding up the construction of an assembly plant in Saudi Arabia.
• On May 10, 2025, Adani Enterprises Ltd., an India-based conglomerate, rolled out India’s first hydrogen-powered truck to transport coal in Chhattisgarh.
• In May 2024, Truck manufacturers, Volvo Group and Daimler Truck, agreed to establish a joint venture to develop a common software-defined vehicle platform and dedicated truck operating system

Top Strategies Followed by Global Truck Transportation Market Players

• Established Players are making research and development (R&D) investments to develop advanced technologies, such as fuel-efficient engines, autonomous driving systems, and connected vehicle solutions.
  • Daimler has developed the Freightliner eCascadia, an electric Class 8 truck designed with advanced telematics, improved battery efficiency, and autonomous-ready architecture.

• Mid-Level Players are prioritizing offering quality products at competitive prices, enabling them to capture a significant market share.
  • Ashok Leyland’s AVTR modular platform allows customization across tonnage and applications at a lower cost.

• Small-Scale Players are specializing in niche markets, offering unique features or innovative products to differentiate themselves from larger competitors.
  • Nikola Corporation is carving a niche through innovation by developing hydrogen-powered trucks tailored for zero-emission

Market Report Scope

Truck Transportation Market Report Coverage

Market Dynamics

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Global Truck Transportation Market Driver - Rising e-commerce and last-mile delivery demand

As online shopping continues to gain popularity worldwide, the need for reliable and timely delivery of goods has become paramount. Consumers now expect their purchases to arrive promptly at their doorstep, putting pressure on retailers and logistics providers to optimize their supply chain operations. This surge in e-commerce activity has directly impacted the demand for truck transportation services, as trucks play a crucial role in facilitating the movement of goods from warehouses to distribution centers and, ultimately, to the end-consumer. In 2024, Amazon invested in its "middle-mile" logistics by deploying custom Class 6 trucks to move goods between regional hubs and local delivery stations.

The rising emphasis on last-mile delivery has further propelled the growth of the truck transportation market, as companies seek to streamline their logistics processes and ensure customer satisfaction through swift and dependable delivery options.

Global Truck Transportation Market Opportunity - Adoption of electric and autonomous trucks

As concerns about environmental sustainability and carbon emissions continue to rise, the demand for eco-friendly transportation solutions is growing. Electric trucks offer a cleaner alternative to traditional diesel-powered vehicles, reducing greenhouse gas emissions and contributing to the decarbonization of the transportation sector. Governments and regulatory bodies are also implementing policies and incentives to encourage the adoption of electric trucks, further driving market growth. In addition to electric trucks, the development of autonomous trucking technology holds immense potential for the industry.

Autonomous trucks can operate for longer hours without the need for driver breaks, improving efficiency and reducing delivery times. They also have the potential to enhance road safety by minimizing human error and reducing accidents caused by driver fatigue. TuSimple partnered with Navistar to develop autonomous trucks, which successfully completed a fully driverless 80-mile freight run in Arizona in 2023.

Analyst Opinion (Expert Opinion)

• The explosive growth of e-commerce continues to be a core demand driver, pushing logistics companies to expand fleets tailored for last-mile and regional deliveries. Light and medium-duty trucks are seeing significant uptake in urban corridors, especially across Asia Pacific and North America.
• Post-pandemic infrastructure and manufacturing investments—particularly in India, Southeast Asia, and the Middle East—are bolstering the demand for specialized heavy trucks. Cement, steel, and machinery transport are creating steady long-haul demand backed by government spending.
• The rising global demand for temperature-sensitive goods, such as pharmaceuticals and perishables, is increasing the need for reefer (refrigerated) truck fleets. This is particularly prominent in North America and Europe, where regulatory compliance and high-value goods transport are essential.

Market Segmentation

•  Size Insights (Revenue, USD Tn, 2020 - 2032)
  • Heavy Trucks
  • Medium Trucks
  • Light Trucks
•  Application Insights (Revenue, USD Tn, 2020 - 2032)
  • Industrial & Manufacturing
  • Food & Beverages
  • Oil & Gas
  • Energy & Mining
  • Pharmaceuticals & Healthcare
  • Others
• Regional Insights (Revenue, USD Tn, 2020 - 2032)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Volvo Group
  • Daimler Truck AG
  • PACCAR Inc.
  • MAN SE
  • Scania AB
  • Iveco Group N.V.
  • FAW Trucks
  • Ashok Leyland
  • Tata Motors
  • Navistar International
  • Hino Motors
  • Isuzu Motors
  • Sinotruk (CNHTC)
  • Dongfeng Motor Corporation
  • Hyundai Motor Company

Sources

Primary Research Interviews

Stakeholders

• Logistics & Freight Companies (e.g., Fleet Managers, Route Planners)
• Truck OEMs & Component Suppliers (e.g., Powertrain Engineers, Production Managers)
• E-commerce and Retail Supply Chain Heads
• Industrial & Manufacturing Logistics Coordinators
• Cold Chain Logistics Providers
• Transport Policy Analysts in National Infrastructure Ministries
• Autonomous Vehicle & EV Truck Technology Developers

Databases

• Transport Infrastructure Database – European Logistics Network (ELN)
• U.S. Department of Transportation Freight Analysis Framework (FAF)
• Global Logistics & Freight Observatory (GLFO)
• Asia-Pacific Road Freight Database – APEC Transport Group

Magazines

• Global Logistics & Haulage Monthly
• Heavy Duty Transport Journal
• Smart Freight & Mobility Magazine
• Trucking Efficiency Digest

Journals

• Journal of Freight Transport Economics
• International Journal of Heavy Vehicle Systems
• Journal of Supply Chain and Transport Logistics
• Road Transport Technology & Innovation Journal

Newspapers

• Freight Chronicle (UK)
• Transport Insights Daily (US)
• The Logistics Times (India)
• Global Freight Standard (UAE)

Associations

• International Road Transport Union (IRU)
• Global Trucking Alliance (GTA)
• National Freight Logistics Association (NFLA)
• Cold Chain Transport Association (CCTA)
• International Council on Clean Transportation (ICCT)

Public Domain Sources

• U.S. Department of Transportation
• European Commission Mobility and Transport Reports
• United Nations Conference on Trade and Development (UNCTAD)
• World Bank Open Transport Data
• ResearchGate

Proprietary Elements

• CMI Data Analytics Tool, Proprietary CMI Existing Repository of Information for Last 8 Years