Saudi Arabia Heavy-Duty Trucks Market is expected to reach USD5,824 million by 2029

Saudi Arabia Heavy-Duty Trucks Market is expected to generate new opportunities in the forecast years as the demand for heavy-duty trucks is rising.

According to TechSci Research report, “Saudi Arabia Heavy-Duty Trucks Market - By Region, Competition Forecast & Opportunities, 2019-2029,” the Saudi Arabia Heavy-Duty Trucks Market valued at USD2,482.45 million in 2022 and in the forecast years the market is expected to exhibit a CAGR of 14.52% owing to rise in industries and construction projects. The transportation sector is a crucial component of the country's infrastructure development, and heavy-duty trucks are essential for the logistics and construction industries. The market for heavy-duty trucks in Saudi Arabia has been steadily growing over the years, and it is expected to continue growing in the coming years. One of the major drivers of the heavy-duty trucks market in Saudi Arabia is the construction industry. The government's focus on infrastructure development, including the construction of new cities, roads, bridges, and other projects, creates a high demand for heavy-duty trucks for transportation of construction materials and equipment. The construction industry is one of the largest consumers of heavy-duty trucks in Saudi Arabia, and the demand for these vehicles is expected to increase as more construction projects are planned and executed.

Furthermore, the oil and gas sector play a crucial role in the Saudi Arabian economy, and heavy-duty trucks are extensively used in this industry. Saudi Arabia is one of the world's largest oil producers, and heavy-duty trucks are used to transport crude oil, refined products, and other materials to and from various locations, including refineries, storage facilities, and distribution centers. The oil and gas sector are expected to continue to be a significant driver of the heavy-duty trucks market in Saudi Arabia. In addition to the construction and oil and gas industries, the expanding logistics and transportation sectors also contribute to the demand for heavy-duty trucks in Saudi Arabia. With the growth of e-commerce and the increasing demand for last-mile delivery solutions, heavy-duty trucks are needed for the transportation of goods and materials across the country.

The e-commerce and logistics industries in Saudi Arabia have experienced significant growth in recent years, leading to an increase in demand for vehicles, including medium and heavy-duty trucks. As more businesses engage in e-commerce and expand their logistics operations, the need for heavier vehicles, such as heavy-duty trucks and trailers for long-distance transportation, has also expanded. In addition, the growth of e-commerce has led to a greater need for last-mile delivery vehicles, which are typically smaller trucks or vans. This trend is expected to continue as more businesses in the logistics and e-commerce sectors expand their operations in the country. Furthermore, the trend of renting or leasing a truck over outright purchasing has also contributed to the rise in demand for heavy-duty trucks in Saudi Arabia. This is because renting or leasing allows businesses to access the vehicles, they need without the high upfront costs associated with purchasing, making it a more cost-effective solution.

Browse more than 44 market data Figures spread through 110 Pages and an in-depth TOC on "Saudi Arabia Heavy-Duty Trucks Market"

As Saudi Arabia becomes more urbanized, the demand for heavy-duty trucks is expected to continue to rise. This is because heavy-duty trucks are required for the delivery of construction materials needed to create roads, bridges, and other urban infrastructure. The government's substantial investments in infrastructure expansion are also a major contributor to the demand for heavy-duty trucks in the country. Moreover, technological advancements have also contributed to the need for heavy-duty trucks in Saudi Arabia. With the increasing disposable incomes of the population, people are purchasing more products and services, resulting in a need for more mobility and transportation services.

Saudi Arabia Heavy-Duty Trucks Market can be segmented based on power output, class, propulsion type,  application,  transmission type,  region and competitive landscape. Based on power output the market is segmented into Less than 300 HP, 300 HP – 500 HP and Above 500 HP. The 300 HP – 500 HP segment is having the major market share of around 49% and in the forecast years the the segment will dominate in terms of market presence. Similarly, based on class the market is segmented into class 7 and class 8. The class 8 is having the major market share of around 76% as in Saudi Arabia high GVW trucks are preferred in construction and other activities. The propulsion type is divided into ICE and Non-ICE.  The ICE segment is dominating as the presence of non-ICE heavy duty trucks is near to zero. Based on application the market is divided into Logistics, Mining, Construction, Oil and Gas and others. The logistics sector will have the dominating market share of around 37% in 2022. By transmission type the market is divided into automatic and manual.  The manual category is having the major market share of around 88% and based on region the market is divided into Northern & Central, Western, Eastern, and Southern. The Northern & Central region is the dominating.

Some of the major companies operating in the Saudi Arabia Heavy-Duty Trucks Market include:

• Mercedes-Benz AG (E.A. Juffali and Brothers for Industrial Products Ltd.)
• MAN SE (Haji Husein Alireza & Co. Ltd.)
• ISUZU Motors International FZE
• AB Volvo (Zahid Tractor and Heavy Machinery Co. Ltd)
• Hyundai Motor Company
• Dongfeng Motor Group Co., Ltd. (Altawkilat Universal Motors)
• Hino Motors Ltd. (Tsusho Jamjoom Trading Company)
• TATA Motors Limited (Manahil International Transportation & Services Company)
• PACCAR Inc. (General Contracting Company (GCC) - Olayan)
• China National Heavy Duty Truck Group Co., Ltd. (Al-Qahtani Vehicle & Machinery Co.)

These are the key companies operating in the Saudi Arabia Heavy-Duty Trucks Market and these companies are implementing competitive strategies which includes mergers with the research and development firms, new product developments, and marketing activities to increase customer outreach. These companies are also focusing on meeting the regulations of different regional governments and are also partnering with different research bodies to stay competitive in the market.

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“The Saudi Arabia heavy-duty trucks market is growing as the demand for such trucks is rising from the logistics and constriction sector and the increasing construction activities in the country is also expected to witness rise in demand. So overall the demand and adoption of heavy-duty trucks is expected to rise in the forecast years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.