Medium-Duty Truck Market is predicted to reach USD 80.63 billion at a CAGR of 5.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Medium-Duty Truck Market”.

The Medium-Duty Truck market is estimated to register a CAGR of 5.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Medium-Duty Truck market— Ashok Leyland, Eicher Motors Limited, Tata Motors Limited, Daimler Trucks, Hino Motors, BharatBenz, Ford, Isuzu Motors, Navistar, Freightliner.

Medium-Duty Truck Highlights

The global Medium-Duty Truck market is accounted to register a CAGR of 5.50% during the forecast period and is estimated to reach USD 80.63 billion by 2032.

The medium-duty truck market is experiencing notable growth, propelled by the surge in e-commerce activities and the consequent demand for efficient urban logistics. Key highlights include the increasing preference for medium-duty trucks in last-mile delivery operations, as their size and maneuverability make them well-suited for navigating crowded urban environments. Manufacturers are focusing on incorporating advanced technologies, such as electric and hybrid powertrains, to meet evolving environmental regulations and address the growing emphasis on sustainability in the transportation sector.

Segment Analysis

The global Medium-Duty Truck market has been segmented based on fuel, horsepower and application.

On the basis of fuel, the market is segmented into Diesel, Natural Gas, Hybrid, Electric, and Gasoline. The diesel segment was attributed to holding the largest market share in 2022, due to the efficiency and high torque provided by diesel engines.

Based on horsepower, the global Medium-Duty Truck market has been segmented into Below 150 HP, 150 HP-250 HP and Above 250 HP. The 150 HP-250 HP segment was expected to hold the largest market share in 2022, due to its versatile performance, striking a balance between power and fuel efficiency.

Based on application, the global Medium-Duty Truck market has been segmented into Construction & Mining and Freight & Logistics. The freight & logistics segment was expected to hold the largest market share in 2022, due to the increasing demand for efficient and versatile vehicles in the transportation of goods.

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Regional Analysis

The global Medium-Duty Truck market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Medium-Duty Truck market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Medium-Duty Truck market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Medium-Duty Truck market comprises of Middle East, Africa, and Latin America.

The largest market share for Medium-Duty Truck was maintained by the North American regional sector. This increase is attributed to a robust economic landscape and the growth of e-commerce, leading to increased demand for efficient urban freight transportation. Stringent emissions regulations are also influencing the market, with a focus on the adoption of cleaner technologies such as electric and alternative fuel-powered medium-duty trucks. Additionally, the versatility of medium-duty trucks makes them essential for various applications, from local delivery services to construction and vocational tasks, further fueling market growth in the region.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Medium-Duty Truck is driven by stringent environmental regulations, prompting the adoption of cleaner technologies such as electric and alternative fuel powertrains to reduce emissions in urban areas.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the region's burgeoning urbanization, expanding e-commerce landscape, and the need for efficient and reliable transportation solutions, especially in densely populated urban areas, where medium-duty trucks play a crucial role in last-mile delivery operations. Additionally, government initiatives promoting sustainable transportation and stringent emissions standards are encouraging the adoption of medium-duty trucks with advanced and environmentally friendly technologies in the Asia Pacific region.

Furthermore, the rest of the world's Medium-Duty Truck market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's expanding logistics and construction industries, with the need for reliable and versatile trucks to support the movement of goods and materials across diverse terrains. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global Medium-Duty Truck market is expected to reach USD 80.63 billion by 2032, at a CAGR of 5.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the region's burgeoning e-commerce sector, rapid urbanization, and increasing demand for efficient and versatile urban logistics solutions


• Based on fuel, the diesel segment was attributed to holding the largest market in 2022, with an approximate market share of 50-72%.


• Ashok Leyland, Eicher Motors Limited, Tata Motors Limited, Daimler Trucks, Hino Motors, BharatBenz, Ford, Isuzu Motors, Navistar, Freightliner.