Report Description

Saudi Arabia Heavy-Duty Trucks Market reached USD2,482.45 million in 2022 and in the forecast years the market is expected to exhibit a CAGR of 14.52%, owing to growing transportation sector and infrastructure development.

Saudi Arabia Heavy-Duty Trucks Market Scope

A heavy-duty truck is a motor vehicle designed to transport cargo. These trucks are used for carrying goods, materials, or troops from one place to another. In terms of class type (tonnage capacity), heavy-duty trucks can be classified into Class 7 (11.7 Tons – 14.9 Tons) and Class 8 (Above 14.9 Tons). The class 8 category in the class type segment is expected to have the highest market share in the country as the penetration of class 8 category of heavy-duty trucks is higher. Similarly, ICE Heavy-Duty trucks are dominating the market as the adoption of electric heavy-duty trucks in comparatively very less.

Saudi Arabia Heavy-Duty Trucks Market Overview

Saudi Arabia Heavy-Duty Trucks Market has significant market because of growing economy and thriving industries. The transportation sector plays a vital role in the country's infrastructure development, and heavy-duty trucks are an integral part of the logistics and construction industries. The heavy-duty trucks market in Saudi Arabia has been witnessing steady growth over the years. The demand for heavy-duty trucks is driven by increasing construction activities, infrastructure development, and expanding logistics and transportation sectors. The market size is expected to grow further in the coming years. The construction industry in Saudi Arabia is one of the major drivers of the heavy-duty trucks market. 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. Similarly, the Saudi Arabia is one of the world's largest oil producers, and the oil and gas sector plays a crucial role in the country's economy. Heavy-duty trucks are extensively used in the oil and gas industry for transporting crude oil, refined products, and other materials to and from various locations, including refineries, storage facilities, and distribution centers.

Saudi Arabia Heavy-Duty Trucks Market Drivers

Fast-growing Saudi Arabia e-commerce and logistics industry have boosted demand for vehicles, including medium trucks, and heavy-duty trucks. The need for heavier vehicles, such as heavy-duty trucks and trailers for long-distance transportation, has also expanded because of the expansion of the logistics industry. Additionally, as e-commerce has grown, there is a greater need for last-mile delivery vehicles. The trend is expected to continue as several businesses in the logistics and e-commerce sectors engage in growing their operations in the Saudi Arabian country. Similarly renting or leasing a truck has several benefits over outright purchasing and this is leading to the rise in the demand for heavy-duty trucks in the country. Saudi Arabia is becoming more urbanized, which is driving up demand for heavy-duty vehicles. To create the roads, bridges, and other urban infrastructure, heavy-duty trucks are required for the delivery of construction materials. The government's substantial investments in infrastructure expansion are also a major contributor to the demand. The need for heavy-duty trucks is being driven in part by technological advancements. The need for mobility is driven by the fact that when people's disposable incomes increase, they may purchase more products and services. In sum, these reasons all result in a rise in demand for heavy-duty trucks throughout Saudi Arabia.

The need for vehicles, notably medium and heavy-duty trucks, has increased as a result of the tremendous rise in the e-commerce and logistics sectors in Saudi Arabia in recent years. The demand for bigger vehicles, such as heavy-duty trucks and trailers for long-distance transportation, has increased as more companies engage in e-commerce and broaden their logistics operations.

Saudi Arabia Heavy-Duty Trucks Market Trends

Heavy-duty truck sales in Saudi Arabia are being driven by the country's rising industrialization, tourism, and economic growth. Additionally, the automotive sector has continually experienced an increase in the sales of commercial vehicles, including heavy-duty trucks, because of the expansion of transportation as well as infrastructure and road projects. The need for heavy-duty trucks in the nation is also increased by clients receiving enticing prices and offers from important manufacturing businesses. The fact that Saudi Arabia is committed to and actively working to improve its infrastructure, as seen by giga-projects like NEOM, Qiddiya, Amaala, Red Sea, and Diriyah Gate, further increases demand for heavy-duty trucks. In general, advancements and infrastructure projects are expected to cause the demand for heavy-duty trucks to increase even more during the forecast period.

The increasing use of connectivity and telematics in heavy-duty trucks is being accelerated by major fleet operators. Additionally, big businesses track and control their trucks in real time using contemporary telematics systems. These technologies also provide valuable information on driver behavior, fuel efficiency, maintenance needs, and vehicle performance, which directly boosts operational efficiency and lowers costs. Additionally, Saudi Arabia's market for heavy-duty trucks is gradually embracing autonomous driving technologies. Additionally, the introduction of advanced driver assistance systems (ADAS) in the sector increases efficiency and safety. Features like autonomous braking, lane assist systems, and cruise control are standard on heavy-duty trucks. Furthermore, it is projected that the market for heavy-duty trucks in Saudi Arabia will expand at a faster rate with the technologies and the advancement in the technology is expected to generate new opportunities in the forecast years.

Saudi Arabia Heavy-Duty Trucks Market Challenges

The country’s heavy dependence on the oil industry can lead to market instability and fluctuations in demand, which can slow down the growth of the heavy-duty trucks market. Similarly, the lack of standardization of regulations and policies in the country can also hinder the market growth in the coming years. The lack of manufacturing facilities in the country is also a challenge as the higher import duties and logistics charges are increasing the price of the vehicles and in the coming years the slow supply chain can have a negative impact on the market growth. With the growing emission norms, the government of Saudi Arabia is taking measures to meet the emission target and the country has already restricted the use of trucks with more than 20 years in use in the kingdom.

Major OEMs saw the market for heavy-duty trucks significantly fall during the COVID-19 pandemic. Due to the pandemic, the transportation sector completely collapsed, posing new difficulties for the cargo and production businesses to move their goods from one location to another. The pandemic's severe disruptions to the world's logistics and supply chain networks led to a decrease in the manufacturing of heavy-duty trucks. However, due to OEMs' efforts to resume production by making significant investments in the market, the market is anticipated to expand during the forecast period.


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Recent Developments

  • In July 2022, the Almajdouie Hyundai signed an agreement to supply commercial trucks to Americana Food Company for its business operations in Saudi Arabia.
  • In Feb 2023, the PepsiCo has partnered with National Transportations Solutions Company (NTSC), a   Petromin company to integrate first EV delivery truck in its Saudi Arabia operations.
  • The Transport General Authority of Saudi Arabia has restricted the use of the trucks older than 20 years in the kingdom.

Market Segmentation

The Saudi Arabia Heavy-Duty Trucks Market is segmented based on power output, class, propulsion type, by application, by transmission type, by 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. In terms of Class, the market is segmented into Class 7 and Class 8. Among which, Class 8 has dominated the Saudi Arabia Heavy-Duty Trucks Market with a market share of 76.95% in 2022. The propulsion type is divided into ICE and Non-ICE. Based on application type the market is divided into Logistics, Mining, Construction, Oil and Gas and others.  By transmission type the market is divided into automatic and manual. Based on region the market is divided into Northern & Central, Western, Eastern, Southern.

Company Profiles

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.) are the major players in the Saudi Arabia Heavy-Duty Trucks Market.

Attribute

Details

Market size value in 2022

USD2,482.45 million

Revenue Forecast in 2028

USD 5,824.11 million

Growth Rate

14.52%

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Power Output

By Class

By Propulsion Type

By Application

By Transmission Type

By Region

Regional Scope

Northern & Central, Western, Eastern, and Southern.

Key Companies Profiled

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.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options.

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Saudi Arabia heavy duty trucks market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Heavy-Duty Trucks Market, By Power Output:
    • Less than 300 HP
    • 300 HP – 500 HP
    • Above 500 HP
  • Saudi Arabia Heavy-Duty Trucks Market, By Class:
    • Class 7
    • Class 8
  • Saudi Arabia Heavy-Duty Trucks Market, By Propulsion Type:
    • ICE
    • Non-ICE
  • Saudi Arabia Heavy-Duty Trucks Market, By Application:
    • Logistics
    • Mining
    • Construction
    • Oil and Gas
    • Others
  • Saudi Arabia Heavy-Duty Trucks Market, By Transmission Type:
    • Manual
    • Automatic
  • Saudi Arabia Heavy-Duty Trucks Market, By Region:
    • Northern & Central
    • Western
    • Eastern
    • Southern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Heavy-Duty Trucks Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Introduction

1.1.  Market Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Saudi Arabia Heavy-Duty Trucks Market

5.    Voice of Customer Analysis

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decision

5.3.  Challenges & Unmet Needs

6.    Saudi Arabia Heavy-Duty Trucks Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume & Value

6.2.  Market Share & Forecast

6.2.1.     By Power Output Market Share Analysis (Less than 300 HP, 300 HP – 500 HP, above 500 HP)

6.2.2.     By Class Market Share Analysis (Class 7, Class 8)

6.2.3.     By Propulsion Type Market Share Analysis (ICE, Non-ICE)

6.2.4.     By Application Market Share Analysis (Logistics, Mining, Construction, Oil and Gas Others)

6.2.5.     By Transmission Type Market Share Analysis (Automatic and Manual)

6.2.6.     By Region Market Share Analysis

6.2.6.1.         Northern & Central Region Market Share Analysis

6.2.6.2.         Western Region Market Share Analysis

6.2.6.3.         Eastern Region Market Share Analysis

6.2.6.4.         Southern Region Market Share Analysis

6.2.7.     By Company Market Share Analysis

6.3.  Saudi Arabia Heavy-Duty Trucks Market Mapping & Opportunity Assessment

6.3.1.     By Power Output Market Mapping & Opportunity Assessment

6.3.2.     By Class Market Mapping & Opportunity Assessment

6.3.3.     By Propulsion Type Market Mapping & Opportunity Assessment

6.3.4.     By Application Market Mapping & Opportunity Assessment

6.3.5.     By Transmission Type Market Mapping & Opportunity Assessment

6.3.6.     By Regional Market Mapping & Opportunity Assessment

7.    Northern & Central Saudi Arabia Heavy-Duty Trucks Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume & Value

7.2.  Market Share & Forecast

7.2.1.     By Power Output Market Share Analysis

7.2.2.     By Class Market Share Analysis

7.2.3.     By Propulsion Type Market Share Analysis

7.2.4.     By Application Market Share Analysis

7.2.5.     By Transmission Type Market Share Analysis

8.    Western Saudi Arabia Heavy-Duty Trucks Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume & Value

8.2.  Market Share & Forecast

8.2.1.     By Power Output Market Share Analysis

8.2.2.     By Class Market Share Analysis

8.2.3.     By Propulsion Type Market Share Analysis

8.2.4.     By Application Market Share Analysis

8.2.5.     By Transmission Type Market Share Analysis

9.    Eastern Saudi Arabia Heavy-Duty Trucks Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume & Value

9.2.  Market Share & Forecast

9.2.1.     By Power Output Market Share Analysis

9.2.2.     By Class Market Share Analysis

9.2.3.     By Propulsion Type Market Share Analysis

9.2.4.     By Application Market Share Analysis

9.2.5.     By Transmission Type Market Share Analysis

10.  Southern Saudi Arabia Heavy-Duty Trucks Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Volume & Value

10.2.              Market Share & Forecast

10.2.1.  By Power Output Market Share Analysis

10.2.2.  By Class Market Share Analysis

10.2.3.  By Propulsion Type Market Share Analysis

10.2.4.  By Application Market Share Analysis

10.2.5.  By Transmission Type Market Share Analysis

11.  Import & Export Analysis

12.  Product Benchmarking

13.  Porters’ Five Forces Analysis

13.1.              Bargaining Powers of Suppliers

13.2.              Bargaining Powers of Buyers

13.3.              Threat of Substitutes

13.4.              Threat of New Entrants

13.5.              Competitive Rivalry

14.  SWOT Analysis

14.1.              Strength

14.2.              Weakness

14.3.              Opportunities

14.4.              Threats

15.  Market Dynamics

15.1.              Drivers

15.2.              Challenges

16.  Market Trends and Developments

17.  Policy and Regulatory Landscape

18.  Saudi Arabia Economic Profile

19.  Competitive Landscape

19.1.              Company Profiles (Up To 10 Leading Companies)

19.1.1.  Mercedes-Benz AG (E.A. Juffali and Brothers for Industrial Products Ltd.)

19.1.1.1.      Company Details

19.1.1.2.      Key Products Offered

19.1.1.3.      Recent Development

19.1.1.4.      Key Management Personnel

19.1.2.  MAN SE (Haji Husein Alireza & Co. Ltd.)

19.1.2.1.      Company Details

19.1.2.2.      Key Products Offered

19.1.2.3.      Recent Development

19.1.2.4.      Key Management Personnel

19.1.3.  ISUZU Motors International FZE

19.1.3.1.      Company Details

19.1.3.2.      Key Products Offered

19.1.3.3.      Recent Development

19.1.3.4.      Key Management Personnel

19.1.4.  AB Volvo (Zahid Tractor and Heavy Machinery Co. Ltd)

19.1.4.1.      Company Details

19.1.4.2.      Key Products Offered

19.1.4.3.      Recent Development

19.1.4.4.      Key Management Personnel

19.1.5.  Hyundai Motor Company

19.1.5.1.      Company Details

19.1.5.2.      Key Products Offered

19.1.5.3.      Recent Developments

19.1.5.4.      Key Management Personnel

19.1.6.  Dongfeng Motor Group Co., Ltd. (Altawkilat Universal Motors)

19.1.6.1.      Company Details

19.1.6.2.      Key Products Offered

19.1.6.3.      Recent Development

19.1.6.4.      Key Management Personnel

19.1.7.  Hino Motors Ltd. (Tsusho Jamjoom Trading Company)

19.1.7.1.      Company Details

19.1.7.2.      Key Products Offered

19.1.7.3.      Recent Development

19.1.7.4.      Key Management Personnel

19.1.8.  TATA Motors Limited (Manahil International Transportation & Services Company)

19.1.8.1.      Company Details

19.1.8.2.      Key Products Offered

19.1.8.3.      Recent Development

19.1.8.4.      Key Management Personnel

19.1.9.  PACCAR Inc. (General Contracting Company (GCC) - Olayan)

19.1.9.1.      Company Details

19.1.9.2.      Key Products Offered

19.1.9.3.      Recent Development

19.1.9.4.      Key Management Personnel

19.1.10.                China National Heavy-Duty Truck Group Co., Ltd. (Al-Qahtani Vehicle & Machinery Co.)

19.1.10.1.    Company Details

19.1.10.2.    Key Products Offered

19.1.10.3.    Recent Development

19.1.10.4.    Key Management Personnel

20.  Strategic Recommendations

21. About Us & Disclaimer

Figures and Tables

List of Figures

Figure 1: Saudi Arabia Heavy-Duty Trucks Market Size, By Volume (Units) and By Value (USD Million), 2018-2028F

Figure 2: Saudi Arabia Heavy-Duty Trucks Market Share, By Power Output, By Volume, 2018-2028F

Figure 3: Saudi Arabia Heavy-Duty Trucks Market Share, By Class, By Volume, 2018-2028F

Figure 4: Saudi Arabia Heavy-Duty Trucks Market Share, By Propulsion Type, By Volume, 2018-2028F

Figure 5: Saudi Arabia Heavy-Duty Trucks Market Share, By Application, By Volume, 2018-2028F

Figure 6: Saudi Arabia Heavy-Duty Trucks Market Share, By Transmission Type, By Volume, 2018-2028F

Figure 7: Saudi Arabia Heavy-Duty Trucks Market Share, By Region, By Volume, 2018-2028F

Figure 8: Saudi Arabia Heavy-Duty Trucks Market Share, By Company, By Value, 2022

Figure 9: Saudi Arabia Heavy-Duty Trucks Market Map, By Power Output, Market Size (Units) & Growth Rate (%), 2022

Figure 10: Saudi Arabia Heavy-Duty Trucks Market Map, By Class, Market Size (Units) & Growth Rate (%), 2022

Figure 11: Saudi Arabia Heavy-Duty Trucks Market Map, By Propulsion Type, Market Size (Units) & Growth Rate (%), 2022

Figure 12: Saudi Arabia Heavy-Duty Trucks Market Map, By Application, Market Size (Units) & Growth Rate (%), 2022

Figure 13: Saudi Arabia Heavy-Duty Trucks Market Map, By Transmission Type, Market Size (Units) & Growth Rate (%), 2022

Figure 14: Saudi Arabia Heavy-Duty Trucks Market Map, By Region, Market Size (Units) & Growth Rate (%), 2022

Figure 15: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Size, By Volume (Units), 2018-2028F

Figure 16: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Size, By Value (USD Million), 2018-2028F

Figure 17: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Share, By Power Output, By Volume, 2018-2028F

Figure 18: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Share, By Class, By Volume, 2018-2028F

Figure 19: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Share, By Propulsion Type, By Volume, 2018-2028F

Figure 20: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Share, By Application, By Volume, 2018-2028F

Figure 21: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Share, By Transmission Type, By Volume, 2018-2028F

Figure 22: Western Saudi Arabia Heavy-Duty Trucks Market Size, By Volume (Units), 2018-2028F

Figure 23: Western Saudi Arabia Heavy-Duty Trucks Market Size, By Value (USD Million), 2018-2028F

Figure 24: Western Saudi Arabia Heavy-Duty Trucks Market Share, By Power Output, By Volume, 2018-2028F

Figure 25: Western Saudi Arabia Heavy-Duty Trucks Market Share, By Class, By Volume, 2018-2028F

Figure 26: Western Saudi Arabia Heavy-Duty Trucks Market Share, By Propulsion Type, By Volume, 2018-2028F

Figure 27: Western Saudi Arabia Heavy-Duty Trucks Market Share, By Application, By Volume, 2018-2028F

Figure 28: Western Saudi Arabia Heavy-Duty Trucks Market Share, By Transmission Type, By Volume, 2018-2028F

Figure 29: Eastern Saudi Arabia Heavy-Duty Trucks Market Size, By Volume (Units), 2018-2028F

Figure 30: Eastern Saudi Arabia Heavy-Duty Trucks Market Size, By Value (USD Million), 2018-2028F

Figure 31: Eastern Saudi Arabia Heavy-Duty Trucks Market Share, By Power Output, By Volume, 2018-2028F

Figure 32: Eastern Saudi Arabia Heavy-Duty Trucks Market Share, By Class, By Volume, 2018-2028F

Figure 33: Eastern Saudi Arabia Heavy-Duty Trucks Market Share, By Propulsion Type, By Volume, 2018-2028F

Figure 34: Eastern Saudi Arabia Heavy-Duty Trucks Market Share, By Application, By Volume, 2018-2028F

Figure 35: Eastern Saudi Arabia Heavy-Duty Trucks Market Share, By Transmission Type, By Volume, 2018-2028F

Figure 36: Southern Saudi Arabia Heavy-Duty Trucks Market Size, By Volume (Units), 2018-2028F

Figure 37: Southern Saudi Arabia Heavy-Duty Trucks Market Size, By Value (USD Million), 2018-2028F

Figure 38: Southern Saudi Arabia Heavy-Duty Trucks Market Share, By Power Output, By Volume, 2018-2028F

Figure 39: Southern Saudi Arabia Heavy-Duty Trucks Market Share, By Class, By Volume, 2018-2028F

Figure 40: Southern Saudi Arabia Heavy-Duty Trucks Market Share, By Propulsion Type, By Volume, 2018-2028F

Figure 41: Southern Saudi Arabia Heavy-Duty Trucks Market Share, By Application, By Volume, 2018-2028F

Figure 42: Southern Saudi Arabia Heavy-Duty Trucks Market Share, By Transmission Type, By Volume, 2018-2028F

Figure 43: Saudi Arabia Medium & Heavy-Duty Trucks (Exceeding 5 Metric Tons) Market Imports, By Value (USD Million), 2017-2021

Figure 44: Saudi Arabia Medium & Heavy-Duty Trucks (Exceeding 5 Metric Tons) Market Exports, By Value (USD Million), 2017-2021

Frequently asked questions

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In 2022, the market size of Heavy-Duty truck was USD 2,482.45 million owing to the increasing utilization of the heavy-duty trucks in logistics and construction industry.

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The Power Output segment in Saudi Arabia Heavy-Duty Trucks Market is divided into Less than 300 HP, 300 HP – 500 HP and Above 500 HP. The 300 HP - 500 HP category captured market share of around 49% in 2022 and in the forecast years it is expected to increase, and it is growing with a CAGR of 14.52%.

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The major player contributing to the Saudi Arabia Heavy-Duty Trucks Market are 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.).

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The increasing number of freight transportation and growing industrialization in the country are driving the Saudi Arabia Heavy-Duty truck market.

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Srishti Verma

Business Consultant
Press Release

Saudi Arabia Heavy-Duty Trucks Market is expected to reach USD5,824 million by 2028

Jul, 2023

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.