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Class 7 Truck Market

Published Aug 21, 2025
Length 155 Pages
SKU # CMI20399849

Description

The global Class 7 truck market is estimated to be valued at USD 33.81 Bn in 2025 and is expected to reach USD 43.31 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 3.8% from 2025 to 2032. These versatile vehicles serve as the backbone of various commercial applications, including local delivery services, construction operations, utility work, and regional freight transportation. Class 7 trucks bridge the gap between lighter commercial vehicles and heavy-duty Class 8 trucks, offering an optimal balance of payload capacity, maneuverability, and operational efficiency.

The market encompasses diverse vehicle configurations including straight trucks, tractor units, and specialty vehicles designed for specific industry applications such as refuse collection, fire services, and telecommunications. Key manufacturers continuously innovate to meet evolving regulatory standards, fuel efficiency requirements, and customer demands for enhanced performance and reliability. The integration of advanced technologies such as telematics systems, alternative fuel powertrains, and driver assistance features has transformed the traditional Class 7 truck landscape. Market growth is driven by expanding e-commerce activities, infrastructure development projects, and the need for efficient last-mile delivery solutions in urban environments, making Class 7 trucks indispensable assets for businesses requiring reliable medium-duty transportation solutions.

Market Dynamics

The global Class 7 truck market experiences significant growth momentum driven by multiple interconnected factors that shape its trajectory across various regional markets. Primary market drivers include the rapid expansion of e-commerce and logistics sectors, which demand efficient medium-duty vehicles for last-mile delivery operations, particularly in densely populated urban areas where Class 7 trucks offer superior maneuverability compared to larger vehicles.

Infrastructure development initiatives worldwide, including construction projects, utility installations, and municipal services, create sustained demand for versatile Class 7 trucks capable of handling specialized equipment and moderate payload requirements. Additionally, stringent environmental regulations and corporate sustainability commitments drive adoption of cleaner technologies, including electric and hybrid powertrains, positioning Class 7 trucks as ideal candidates for fleet electrification due to their predictable duty cycles and urban operational patterns. However, market growth faces notable restraints including high initial acquisition costs, particularly for advanced technology variants, which may deter small and medium enterprises from fleet upgrades.

Supply chain disruptions, semiconductor shortages, and raw material price volatility create production challenges and extended delivery times, impacting market expansion. Furthermore, intensifying competition from alternative transportation modes and evolving regulatory landscapes regarding emissions standards pose ongoing challenges. Nevertheless, substantial opportunities emerge through technological advancement integration, including autonomous driving capabilities, advanced telematics systems, and alternative fuel adoption. The growing emphasis on fleet optimization, preventive maintenance solutions, and total cost of ownership reduction creates new revenue streams for manufacturers and service providers, while emerging markets present untapped potential for Class 7 truck deployment across diverse industrial applications.

Key Features of the Study
  • This report provides in-depth analysis of the global Class 7 truck market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global Class 7 truck market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Daimler Truck, PACCAR, Navistar, Volvo Group, Hino Motors, Isuzu Motors, IVECO Group, MAN Truck & Bus, Scania, FAW Jiefang, Dongfeng Trucks, Sinotruk, Foton Motor, Tata Motors, and Ashok Leyland
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global Class 7 truck market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Class 7 truck market
Market Segmentation
  • Propulsion Insights (Revenue, USD Bn, 2020 - 2032)
  • Diesel
  • Battery-electric
  • CNG/LNG
  • Hybrid
  • Regional Insights (Revenue, USD Bn, 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
  • Daimler Truck
  • PACCAR
  • Navistar
  • Volvo Group
  • Hino Motors
  • Isuzu Motors
  • IVECO Group
  • MAN Truck & Bus
  • Scania
  • FAW Jiefang
  • Dongfeng Trucks
  • Sinotruk
  • Foton Motor
  • Tata Motors
  • Ashok Leyland

Table of Contents

155 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Class 7 Truck Market, By Propulsion
Global Class 7 Truck Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Class 7 Truck Market, By Propulsion, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Diesel
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Battery-electric
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
CNG/LNG
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Hybrid
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Class 7 Truck Market, By Region, 2020 - 2032, Value (USD Bn)
Introduction
Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
Regional Trends
North America
Introduction
Market Size and Forecast, By Propulsion, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Propulsion, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Propulsion, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Propulsion, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Propulsion, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Propulsion, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
South Africa
North Africa
Central Africa
6. Competitive Landscape
Daimler Truck
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
PACCAR
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Navistar
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Volvo Group
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Hino Motors
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Isuzu Motors
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
IVECO Group
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
MAN Truck & Bus
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Scania
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
FAW Jiefang
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Dongfeng Trucks
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Sinotruk
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Foton Motor
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Tata Motors
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Ashok Leyland
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
7. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
8. References and Research Methodology
References
Research Methodology
About Us
*Browse 32 market data tables and 28 figures on 'Class 7 Truck Market' - Global forecast to 2032
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