Transportation Products & Services

Cargo Trucks: Market Size, Growth & Forecast to 2030

The Cargo Trucks market is valued at about $600 billion (2026) and is projected to grow at a 4.2% CAGR through 2030. The largest cost driver is Steel and iron raw materials (35% of spend). Asia Pacific leads demand at 45%.

Market size
$600.0 bn (2026)
CAGR to 2030
+4.2%
Buyer power
Favours buyers
Tracked suppliers
25

Projected market growth to 2030

Market size index, 2026 = 100, at the 4.2% CAGR.

1231151081001002026104.22027108.62028113.12029117.92030122.82031

Cost structure

Steel and iron raw materials
35%
Manufacturing and assembly labor
25%
Aluminum alloys and advanced composites
15%
Powertrain and battery systems
15%
Logistics and inbound freight
10%

Regional demand split

Asia Pacific demand
45%
North America demand
22%
Europe demand
18%
Latin America demand
10%
Rest of world demand
5%

Key suppliers

Daimler TruckTraton GroupVolvo GroupPaccar
Read the full Cargo Trucks report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/cargo-trucks