North America Truck Market to Grow with a CAGR of 5.15% through 2030

The North America truck market is driven by rising e-commerce, infrastructure development, and fleet modernization, with growing adoption of electric trucks and advanced telematics boosting operational efficiency and sustainability

According to TechSci Research report, “North America Truck Market – By Country, Competition, Forecast & Opportunities, 2030F”, the North America Truck Market was valued at USD 298.55 billion in 2024 and is expected to reach USD 402.31 billion by 2030 with a CAGR of 5.15% during the forecast period. The North America truck market is undergoing a transformative phase fueled by several dynamic factors, including advancements in technology, increasing infrastructure investments, the surge in e-commerce, and the growing emphasis on sustainability. Trucks remain the backbone of goods movement across the continent, supporting industries ranging from logistics and construction to agriculture and retail. As consumer expectations for faster delivery increase and industries demand more efficient logistics operations, the market for trucks continues to experience substantial growth. The sector is adapting rapidly to the needs of a changing economy, embracing digitalization, automation, and electrification to stay competitive and environmentally compliant.

A key force shaping the market is the rapid rise of e-commerce. Online retail has seen exponential growth, prompting retailers and third-party logistics providers to expand their delivery networks and fleet capacity. This has led to increased demand for reliable, flexible transportation solutions capable of handling high delivery volumes within shorter timeframes. The need for both long-haul trucks for regional and cross-border distribution, and light to medium-duty trucks for urban and last-mile delivery, has surged. E-commerce giants are investing heavily in their logistics infrastructure, with many focusing on fleet expansion and optimization technologies that enable real-time tracking, route planning, and fuel efficiency.

In addition to digital technologies, automation is beginning to make its mark on the industry. Several manufacturers and logistics companies are testing autonomous truck models, particularly for long-haul routes where consistency and fuel efficiency are paramount. While full-scale deployment of autonomous trucks remains in development, pilot programs are expanding, signaling a long-term shift toward driverless operations that could revolutionize freight transport. These initiatives are supported by continuous advancements in sensors, AI algorithms, and high-definition mapping technologies, all of which are being refined to meet the complex demands of real-world trucking scenarios.

Electrification is another significant trend gaining momentum across the North America truck market. Driven by environmental regulations and corporate sustainability goals, many fleet operators are transitioning to electric trucks, particularly for short-range and last-mile applications. Manufacturers are introducing new electric models equipped with improved battery range, faster charging capabilities, and lower total cost of ownership compared to traditional diesel-powered trucks. Federal and state incentives, along with investments in EV charging infrastructure, are encouraging adoption across the commercial vehicle sector. As battery technology continues to improve and costs decline, the viability of electric trucks for long-haul freight is also increasing, paving the way for broader adoption across diverse applications.

Additionally, the growing trend of fleet customization is influencing the demand for specialized trucks that cater to specific industry needs. Sectors such as construction, agriculture, and waste management require trucks with unique configurations and features tailored to their operational challenges. This has opened up opportunities for manufacturers to offer modular designs, industry-specific enhancements, and integrated technologies that align with customer requirements. Customization not only improves efficiency but also ensures better asset utilization and higher return on investment.

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The Noth America Truck market is segmented into class type, fuel type, application and country.

Based on the application, the construction sector is the fastest-growing segment in the North America truck market, fueled by rising infrastructure development, urbanization, and government-backed projects across highways, bridges, and commercial buildings. Trucks play a crucial role in transporting heavy materials, machinery, and debris to and from construction sites. The demand for specialized vehicles such as dump trucks, concrete mixers, and flatbeds is increasing rapidly. Additionally, advancements in durability, fuel efficiency, and load-handling capacity are encouraging construction companies to upgrade their fleets. This surge in construction activity is directly contributing to the growing demand for robust, high-performance trucks tailored to heavy-duty operations.

Based on country, Canada is emerging as the fastest-growing country in the North America truck market, driven by expanding infrastructure projects, cross-border trade growth, and increasing demand for efficient freight transportation. The government's investments in highway modernization and green transportation initiatives are encouraging fleet upgrades and adoption of cleaner technologies. Additionally, the country's strong e-commerce growth is boosting demand for last-mile delivery trucks. Canada’s supportive regulatory environment, rising freight volumes, and adoption of advanced telematics and safety systems are accelerating market expansion. These factors collectively position Canada as a key growth engine within the regional truck market landscape.

Major companies operating in the North America Truck Market are:

• Daimler Truck North America LLC
• PACCAR Inc.
• Volvo Trucks North America Inc.
• ISUZU Commercial Truck of America Inc.
• Ford Motor Company
• Mack Trucks Inc.
• Navistar International Corporation
• General Motors
• Hino Motors Ltd
• FCA US LLC

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“Technological advancements are playing a vital role in transforming the capabilities of commercial trucks. The integration of telematics, IoT, and fleet management software has empowered operators with real-time data on vehicle performance, driver behavior, maintenance requirements, and route optimization. These tools not only enhance operational efficiency but also help reduce costs and ensure compliance with safety and emissions regulations. The adoption of Advanced Driver Assistance Systems (ADAS), including lane-keeping assist, adaptive cruise control, collision warning, and automatic emergency braking, is becoming increasingly widespread. These technologies significantly improve safety for both drivers and other road users, while also minimizing insurance costs and reducing the risk of downtime due to accidents, “Said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“North America Truck Market, By Class Type (Class 1, Class 2, Class 3, Class 4, Class 5, Class 6, Class 7, Class 8), By Fuel Type (Diesel, CNG, Others), By Application (Logistics, Construction, Mining, Others), By Country, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of North America Truck Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the North America Truck Market.

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