Saudi Arabia Heavy-Duty Trucks Market to Grow with a CAGR of 6.50% Through 2030
The growth of infrastructure development, the expansion of logistics and
freight sectors, and the increasing demand from the oil and gas industry are
the factors driving the market in the forecast period 2026-2030.
According to TechSci Research report, “Saudi Arabia Heavy-Duty
Trucks Market - By Region, Competition, Forecast &
Opportunities, 2030F” " the Saudi Arabia Heavy-Duty Trucks market was
valued at USD 8.15 Billion in 2024 and is expected to reach USD 11.89 Billion
by 2030 with a CAGR of 6.50% during the forecast period. The Saudi Arabian
heavy-duty truck market is growing, driven by expanding logistics and
transportation needs. As global trade increases, the country's strategic
location boosts demand for freight services, requiring trucks for long-distance
transportation. The government's Vision 2030 plan, focusing on economic
diversification, also plays a key role, with sectors like construction,
manufacturing, and retail pushing the need for trucks to move goods and
materials across the nation.
Digitalization is a significant trend in the market, with fleet
management systems and telematics helping optimize operations. Real-time data
on vehicle performance and predictive maintenance are improving efficiency and
reducing costs. Automation is also gaining traction with advanced
driver-assistance systems and semi-autonomous driving features, enhancing
safety and operational efficiency.
Despite growth, challenges persist, including high raw material costs
affecting truck prices and a shortage of skilled maintenance labor. These
issues lead to increased operating costs and downtime for trucks. Furthermore,
the slow adoption of electric trucks due to high costs and limited
infrastructure remains a challenge, though innovation and government incentives
are expected to support market progress in the coming years.
Browse over XX market data Figures spread through XX Pages and an
in-depth TOC on the "Saudi Arabia Heavy-Duty Trucks "
The Saudi Arabia Heavy-Duty
Trucks Market is segmented into Tonnage Type, Class, Fuel Type, Application
Type, and Region.
The Freight and Logistics
segment is the fastest-growing application type in the Saudi Arabian heavy-duty
truck market in 2024. This growth is primarily driven by the rapid expansion of
e-commerce and the increasing demand for efficient goods transportation. As
consumer behavior shifts toward online shopping, there is a heightened need for
logistics companies to enhance their delivery networks, requiring a larger
fleet of heavy-duty trucks for long-haul transportation. The rise of logistics
hubs and distribution centers, combined with greater reliance on truck-based
transportation for both domestic and international trade, has spurred this
growth. Furthermore, Saudi Arabia’s role as a strategic transit hub in the
Middle East, linking Asia, Europe, and Africa, has accelerated the demand for
trucking solutions in freight movement. With large quantities of goods being
transported daily, the Freight and Logistics sector requires high-capacity
trucks that can handle large volumes of goods over long distances. This segment
is expected to continue its upward trajectory as the demand for efficient
logistics services grows in tandem with the kingdom's economic diversification
and the development of new industrial zones and transportation networks.
The Eastern region is
expected to be the fastest-growing region for heavy-duty trucks in Saudi Arabia
in 2024. This area is home to critical industrial and commercial activities,
particularly in the oil and gas sector, which remains a major driver for the
region’s economic activity. Ports like Dammam and Jubail are vital for global
trade and logistics, increasing the need for heavy-duty trucks for freight
movement. The Eastern region’s proximity to major transportation routes and the
ongoing expansion of infrastructure in cities like Dammam and Khobar are
contributing to the growing demand for trucks. With investments in ports,
highways, and manufacturing facilities, this region's logistics and freight
sectors are expected to expand rapidly, driving the demand for heavy-duty
trucks. As economic diversification initiatives progress, the Eastern region is
poised to lead in truck sales, fueled by rising industrial activities and
freight movement needs.
Major market players
operating in Saudi Arabia Heavy-Duty Trucks market are:
- Mercedes-Benz Group AG
- MAN Truck & Bus SE
- AB Volvo
- ISUZU MOTORS INTERNATIONAL
FZE
- Hyundai Motor Company
- PACCAR Inc.
- Tata Motors Limited
- Hino Motors, Ltd.
- Mitsubishi Fuso Truck and Bus
Corporation
- Ford Middle East
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“The heavy-duty truck market in Saudi Arabia is on the rise, and it’s
mainly due to the booming demand from industries like logistics, construction,
and manufacturing. As more companies look to transport goods efficiently across
the country, they’re investing in heavy-duty trucks to keep up with the growing
trade and infrastructure development. With Saudi Arabia’s Vision 2030 driving
major changes, businesses are seeing the need to upgrade their fleets to meet
the demands of large-scale projects and e-commerce growth. This surge in demand
for heavy-duty trucks is expected to continue as more sectors rely on trucking
solutions to move goods across the region", said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based global management consulting
firm.
Saudi Arabia Heavy-Duty Trucks Market By Tonnage Type (10-15 Tons, More Than 15 Tons), By Class (Class 5, Class 6, Class 7, Class 8), By Fuel Type (Gasoline, Diesel, Electric, Alternative Fuels), By Application Type (Construction and Mining, Freight and Logistics, Other Applications), By Region, Competition, Forecast & Opportunities, 2020-2030F”, evaluates the future growth potential of Saudi Arabia Heavy-Duty
Trucks 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 make sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the Saudi Arabia
Heavy-Duty Trucks market.
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