New report looks at growth rates of U.S., global truck markets

Oct 10, 2024

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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