Medium-duty Truck Market Analysis

Fuel (Diesel, Natural Gas, Hybrid, Electric, Gasoline)

Diesel segment is anticipated to dominate medium-duty truck market share of over 55.5% by 2037 owing to rising adoption of diesel medium-duty trucks for fuel efficiency, high torque & power, and durability. Modern diesel engine medium-duty trucks are more fuel-efficient than gasoline counterparts. Diesel medium-duty trucks achieve lower carbon emissions, provide better mileage, and also reduce fuel costs, making them a prime choice for fleet operators. Furthermore, diesel engines produce high torque at lower revolutions per minute (RPM), which makes them effective models for frequent stop-and-go driving conditions. Also, as diesel engines can handle high stress and are less susceptible to wear and tear, they lead to lower maintenance and durability when installed in medium-duty trucks.

Application (Construction & Mining, Freight & Logistics, Others)

In medium-duty truck market, freight & logistics segment is set to account for revenue share of more than 45.3% by the end of 2037. The rise in freight and logistics activities across the world is augmenting the sales of medium-duty trucks. According to the Research Nester analysis, the global freight and logistics market is calculated to reach USD 18.6 billion by 2026. This static underscores that the rise in freight and logistics operations is estimated to have a positive influence on the demand for medium-duty trucks. The freight and logistics operators are also widely demanding advanced medium-duty trucks particularly those equipped with telematics as they offer high safety, efficient tracking systems, and cost-effectiveness in modern supply chain operations.

Our in-depth analysis of the medium-duty truck market includes the following segments: