Transportation Products & Services

Semi Trucks: Market Size, Growth & Forecast to 2030

The Semi Trucks market is valued at about $156.8 billion (2026) and is projected to grow at a 5.2% CAGR through 2030. The largest cost driver is Raw Materials and Components (Steel, Aluminum, Advanced Composites) (35% of spend). Rest of world leads demand at 7%.

Market size
$156.8 bn (2026)
CAGR to 2030
+5.2%
Buyer power
Favours buyers
Tracked suppliers
25
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 5.2% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 129

Cost structure

Raw Materials and Components (Steel, Aluminum, Advanced Composites)
35%
Powertrain and Engine Assemblies (Internal Combustion and Electric)
25%
Direct Labor and Assembly Manufacturing
15%
Electronics, Telematics, and Advanced Driver Assistance Systems (ADAS)
15%
Logistics, Inbound Freight, and Factory Overhead
10%

Regional demand split

Rest of world demand
7%

Key suppliers

Daimler Truck AGVolvo GroupPACCAR IncTraton SESinotruk Hong Kong LimitedFAW Jiefang Automotive Co LtdIveco Group NV
Read the full Semi Trucks report →

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