The Global Heavy-Duty Trucks Market generated revenue of US$ 365 billion in 2019 and will reach a value of US$ 560 billion by 2030 at a CAGR of 4.4%. Trucks are mainly categorized into Light Duty Trucks, Medium Duty Trucks and Heavy-Duty Trucks, depending upon their Gross Vehicle Weight Rating (GVWR). Gross Vehicle weight rating is weight of the vehicle and its maximum carrying capacity in terms of accessories, weight, cargo or passengers. Based on the vehicle’s GVWR rating, 9 classes have been formed. Heavy duty trucks based on their load carrying capacity are classified into class 7, 8 and 9. Heavy duty trucks are mainly used for construction, mining, cargo transportation, logistics, towing etc. In construction sites heavy duty concrete mixers are used in order to mix concrete and carry it within and outside construction site. Other than this roll-off trucks, manipulator trucks and water trucks are also used for construction and civil engineering purposes. Heavy duty trucks also experience a great demand from the mining sector.
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