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Europe Medium and Heavy-duty Commercial Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Europe Medium and Heavy-duty Commercial Vehicles Market is segmented by Vehicle Type (Commercial Vehicles), by Propulsion Type (Hybrid and Electric Vehicles, ICE) and by Country (Austria, Belgium, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, Norway, Poland, Russia, Spain, Sweden, UK, Rest-of-Europe). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

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Europe Medium and Heavy-duty Commercial Vehicles Market Size

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Europe Medium and Heavy-duty Commercial Vehicles Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 38.97 Billion
svg icon Market Size (2030) USD 52.86 Billion
svg icon Largest Share by Vehicle Body Type Heavy-duty Commercial Trucks
svg icon CAGR (2024 - 2030) 5.21 %
svg icon Largest Share by Country Russia
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Europe Medium and Heavy-duty Commercial Vehicles Market Analysis

The Europe Medium and Heavy-duty Commercial Vehicles Market size is estimated at 38.97 billion USD in 2024, and is expected to reach 52.86 billion USD by 2030, growing at a CAGR of 5.21% during the forecast period (2024-2030).

38.97 Billion

Market Size in 2024 (USD)

52.86 Billion

Market Size in 2030 (USD)

2.19 %

CAGR (2017-2023)

5.21 %

CAGR (2024-2030)

Largest Segment by Fuel Category

91.47 %

value share, Diesel, 2023

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Diesel leads due to its efficiency for long-haul transportation and established infrastructure supporting diesel engines, making it a preferred choice for medium and heavy-duty commercial operations.

Fastest-growing Segment by Vehicle Body Type

8.34 %

Projected CAGR, Medium-duty Commercial Trucks, 2024-2030

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Heavy-duty Commercial Trucks are the fastest-growing due to increasing investments in electric vehicle technology, the need for sustainable logistics solutions, and supportive government policies.

Largest Segment by Vehicle Body Type

88.83 %

value share, Heavy-duty Commercial Trucks, 2023

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Heavy-duty Commercial Trucks dominate due to their crucial role in logistics, transportation of goods over long distances, and industrial growth driving the need for robust commercial vehicles.

Fastest-growing Segment by Fuel Category

35.63 %

Projected CAGR, BEV, 2024-2030

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BEVs are rapidly growing due to advancements in battery technology, increasing government incentives, and expanding charging infrastructure, making them attractive for commercial use.

Leading Market Player

22 %

market share, Daimler AG (Mercedes-Benz AG), 2023

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Daimler is the leading player in the Medium and Heavy-duty Commercial Vehicles Market in Europe with a strong product portfolio driving company growth across European countries.

Due to the strategic importance of medium and heavy-duty vehicles in Europe's commercial transport landscape, businesses are focusing on efficiency and regulatory compliance

  • Transport plays a pivotal role in bolstering Europe's economy, fostering growth, and enhancing its competitiveness. The commercial vehicle sector is actively aligning with the climate goals outlined in the Paris Agreement. While the adoption of alternative fuels and powertrains is gaining traction, the availability of charging and refueling infrastructure for commercial vehicles remains limited. With over 6.3 million vehicles plying the roads of the EU, they account for a staggering 76.7% of all land-based freight, moving a colossal 15 billion tonnes annually.
  • Europe bore the brunt of the COVID-19 impact, witnessing a production loss of approximately 50,000 units in March and April. This was primarily due to stringent factory closures, workplace regulations, supply chain disruptions, and stay-at-home orders. By the close of 2020, commercial vehicle manufacturing in Europe had plummeted by nearly 20% compared to the preceding year. Notably, countries like Poland in Central Europe and Italy in the West, pivotal hubs for the continent's trucking industry, are projected to witness the sharpest demand decline.
  • The growth in logistics and construction activities has spurred the demand for material transportation, leading to a surge in commercial vehicle sales across Europe. This trend is expected to further bolster the business vehicle market in the near future. The market is poised for growth, driven by the uptick in construction and e-commerce operations. Additionally, the shift toward electric vehicles holds promising prospects for market expansion in the coming years.
Europe Medium and Heavy-duty Commercial Vehicles Market

Europe Medium and Heavy-duty Commercial Vehicles Market Trends

Environmental concerns, government support, and decarbonization goals fuel European electric vehicle demand and sales

  • The demand and sales of electric vehicles in European countries have grown significantly over the past few years. Germany witnessed a growth in the sales of electric cars by 22% in 2022 over 2021, followed by the United Kingdom with an 18.40% increase in 2022 over 2021. Growing environmental concerns, stringent governmental norms, advantages of electric vehicles such as fuel efficiency, low service cost, no carbon emissions, and subsidies by the government are some of the factors contributing to the growth of electric vehicles in European countries.
  • The demand for electric commercial vehicles, especially light trucks, is growing gradually in European countries. Moreover, the governments of various countries are also supporting the adoption of electric vehicles. In November 2021, the government of the United Kingdom announced a pledge that all heavy-duty vehicles would be zero-emission by the year 2040. Such factors have increased the sales of electric commercial vehicles in the United Kingdom by 23.17% in 2022 over 2021, and similar practices in various countries are enhancing the demand for electric commercial vehicles across Europe.
  • It is projected that the electrification of vehicles in European countries is expected to grow tremendously in the next few years. The efforts of the governments in the regions for decarbonization are expected to drive the electric commercial vehicle market in Europe. For instance, in January 2022, the transport minister of Germany announced a goal to put 15 million electric vehicles on the road by 2030. Such factors are expected to increase the sales of electric vehicles during the 2024-2030 period in European countries.
Europe Medium and Heavy-duty Commercial Vehicles Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Several European countries face population declines, while others grow, indicating a need for targeted policy interventions
  • European countries are experiencing growth in CVP, driven by government incentives for environmentally friendly vehicles
  • The general trend indicates a decline or stabilization in rates, influenced by economic factors and monetary policies
  • Declining battery prices and government initiatives drive demand for electric vehicles in Europe
  • Europe's advanced logistics, driven by the EU's open trade policies, has faced challenges like Brexit. With a focus on sustainability and technology in 2023, Europe was expected to remain a global logistics leader, poised for further innovation and adaptation
  • Within the European truck manufacturing sector, Belgium, Spain, and the UK have witnessed positive growth trajectories. In contrast, Italy and Russia are grappling with hurdles. As the industry looks ahead, the impetus on sustainability is set to define its future. Notably, each country is charting its course, balancing distinctive challenges and potential
  • Europe's GDP per capita is on track for steady growth, reflecting resilience and strategic policies
  • The European region is poised for economic stability, with concerted efforts to manage inflation and foster a balanced economic landscape
  • Europe is demonstrating a robust commitment to enhancing its EV infrastructure, with significant growth in both slow and fast-charging stations
  • Electrification in Europe drives the increase in regional battery pack demand
  • Since February 2023, diesel imports from the Middle East, Asia, and North America have increased due to the ban on imports from Russia

Europe Medium and Heavy-duty Commercial Vehicles Industry Overview

The Europe Medium and Heavy-duty Commercial Vehicles Market is fairly consolidated, with the top five companies occupying 87%. The major players in this market are Daimler AG (Mercedes-Benz AG), Man Truck & Bus, PACCAR Inc., Scania AB and Volvo Group (sorted alphabetically).

Europe Medium and Heavy-duty Commercial Vehicles Market Leaders

  1. Daimler AG (Mercedes-Benz AG)

  2. Man Truck & Bus

  3. PACCAR Inc.

  4. Scania AB

  5. Volvo Group

Europe Medium and Heavy-duty Commercial Vehicles Market Concentration

*Disclaimer: Major Players sorted in alphabetical order.

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Europe Medium and Heavy-duty Commercial Vehicles Market
Europe Medium and Heavy-duty Commercial Vehicles Market
Europe Medium and Heavy-duty Commercial Vehicles Market
Europe Medium and Heavy-duty Commercial Vehicles Market

Europe Medium and Heavy-duty Commercial Vehicles Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study​

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 Population

    2. 4.2 GDP Per Capita

    3. 4.3 Consumer Spending For Vehicle Purchase (cvp)

    4. 4.4 Inflation

    5. 4.5 Interest Rate For Auto Loans

    6. 4.6 Impact Of Electrification

    7. 4.7 EV Charging Station

    8. 4.8 Battery Pack Price

    9. 4.9 New Xev Models Announced

    10. 4.10 Logistics Performance Index

    11. 4.11 Fuel Price

    12. 4.12 Oem-wise Production Statistics

    13. 4.13 Regulatory Framework

    14. 4.14 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 5.1 Vehicle Type

      1. 5.1.1 Commercial Vehicles

    2. 5.2 Propulsion Type

      1. 5.2.1 Hybrid and Electric Vehicles

        1. 5.2.1.1 By Fuel Category

          1. 5.2.1.1.1 BEV

          2. 5.2.1.1.2 FCEV

          3. 5.2.1.1.3 HEV

          4. 5.2.1.1.4 PHEV

      2. 5.2.2 ICE

        1. 5.2.2.1 By Fuel Category

          1. 5.2.2.1.1 CNG

          2. 5.2.2.1.2 Diesel

          3. 5.2.2.1.3 Gasoline

          4. 5.2.2.1.4 LPG

    3. 5.3 Country

      1. 5.3.1 Austria

      2. 5.3.2 Belgium

      3. 5.3.3 Czech Republic

      4. 5.3.4 Denmark

      5. 5.3.5 Estonia

      6. 5.3.6 France

      7. 5.3.7 Germany

      8. 5.3.8 Ireland

      9. 5.3.9 Italy

      10. 5.3.10 Norway

      11. 5.3.11 Poland

      12. 5.3.12 Russia

      13. 5.3.13 Spain

      14. 5.3.14 Sweden

      15. 5.3.15 UK

      16. 5.3.16 Rest-of-Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles

      1. 6.4.1 Daimler AG (Mercedes-Benz AG)

      2. 6.4.2 Man Truck & Bus

      3. 6.4.3 PACCAR Inc.

      4. 6.4.4 Scania AB

      5. 6.4.5 Volvo Group

  7. 7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter’s Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 3:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 4:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 5:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 6:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 7:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 8:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 9:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 10:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 11:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 12:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2017 - 2029
  1. Figure 13:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2017 - 2029
  1. Figure 14:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BUSES, BY VOLUME IN UNITS, 2016-2028
  1. Figure 15:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BUSES, BY VALUE IN USD, 2016-2028
  1. Figure 16:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 17:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 18:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 19:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 20:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 21:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 22:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 23:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 24:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 25:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2017 - 2029
  1. Figure 26:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2017 - 2029
  1. Figure 27:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 28:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 29:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2017 - 2029
  1. Figure 30:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2017 - 2029
  1. Figure 31:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 32:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BEV, BY VALUE IN USD, 2016-2028
  1. Figure 33:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 34:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 35:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
  1. Figure 36:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 37:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 38:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY HEV, BY VALUE IN USD, 2016-2028
  1. Figure 39:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 40:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 41:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
  1. Figure 42:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 43:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 44:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 45:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2017 - 2029
  1. Figure 46:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2017 - 2029
  1. Figure 47:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY CNG, BY VOLUME IN UNITS, 2016-2028
  1. Figure 48:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY CNG, BY VALUE IN USD, 2016-2028
  1. Figure 49:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 50:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VOLUME IN UNITS, 2016-2028
  1. Figure 51:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VALUE IN USD, 2016-2028
  1. Figure 52:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 53:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 54:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VALUE IN USD, 2016-2028
  1. Figure 55:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 56:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LPG, BY VOLUME IN UNITS, 2016-2028
  1. Figure 57:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LPG, BY VALUE IN USD, 2016-2028
  1. Figure 58:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 59:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 60:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 61:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2029
  1. Figure 62:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2029
  1. Figure 63:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 64:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028
  1. Figure 65:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028
  1. Figure 66:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028
  1. Figure 67:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028
  1. Figure 68:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028
  1. Figure 69:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 70:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028
  1. Figure 71:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 72:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028
  1. Figure 73:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 74:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028
  1. Figure 75:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 76:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028
  1. Figure 77:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 78:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 79:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028
  1. Figure 80:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 81:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ITALY, BY VALUE IN USD, 2016-2028
  1. Figure 82:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 83:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028
  1. Figure 84:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 85:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028
  1. Figure 86:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 87:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028
  1. Figure 88:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 89:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY POLAND, BY VALUE IN USD, 2016-2028
  1. Figure 90:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 91:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028
  1. Figure 92:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 93:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028
  1. Figure 94:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 95:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY UK, BY VALUE IN USD, 2016-2028
  1. Figure 96:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 97:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028
  1. Figure 98:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 99:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 100:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Europe Medium and Heavy-duty Commercial Vehicles Industry Segmentation

Commercial Vehicles are covered as segments by Vehicle Type. Hybrid and Electric Vehicles, ICE are covered as segments by Propulsion Type. Austria, Belgium, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, Norway, Poland, Russia, Spain, Sweden, UK, Rest-of-Europe are covered as segments by Country.

  • Transport plays a pivotal role in bolstering Europe's economy, fostering growth, and enhancing its competitiveness. The commercial vehicle sector is actively aligning with the climate goals outlined in the Paris Agreement. While the adoption of alternative fuels and powertrains is gaining traction, the availability of charging and refueling infrastructure for commercial vehicles remains limited. With over 6.3 million vehicles plying the roads of the EU, they account for a staggering 76.7% of all land-based freight, moving a colossal 15 billion tonnes annually.
  • Europe bore the brunt of the COVID-19 impact, witnessing a production loss of approximately 50,000 units in March and April. This was primarily due to stringent factory closures, workplace regulations, supply chain disruptions, and stay-at-home orders. By the close of 2020, commercial vehicle manufacturing in Europe had plummeted by nearly 20% compared to the preceding year. Notably, countries like Poland in Central Europe and Italy in the West, pivotal hubs for the continent's trucking industry, are projected to witness the sharpest demand decline.
  • The growth in logistics and construction activities has spurred the demand for material transportation, leading to a surge in commercial vehicle sales across Europe. This trend is expected to further bolster the business vehicle market in the near future. The market is poised for growth, driven by the uptick in construction and e-commerce operations. Additionally, the shift toward electric vehicles holds promising prospects for market expansion in the coming years.
Vehicle Type
Commercial Vehicles
Propulsion Type
Hybrid and Electric Vehicles
By Fuel Category
BEV
FCEV
HEV
PHEV
ICE
By Fuel Category
CNG
Diesel
Gasoline
LPG
Country
Austria
Belgium
Czech Republic
Denmark
Estonia
France
Germany
Ireland
Italy
Norway
Poland
Russia
Spain
Sweden
UK
Rest-of-Europe
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Market Definition

  • Vehicle Type - The category covers truck category.
  • Vehicle Body Type - This includes Medium-duty Commercial Trucks and Heavy-duty Commercial Trucks
  • Fuel Category - The category includes various fuel types such as Gasoline, Diesel, LPG (Liquefied Petroleum Gas), CNG (Compressed Natural Gas), HEV (Hybrid Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles), BEV (Battery Electric Vehicles), and FCEV (Fuel Cell Electric Vehicles)
Keyword Definition
Electric Vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
BEV A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids.
Plug-in Hybrid EV A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally.
Internal combustion engine An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel.
Hybrid EV A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking.
Commercial Vehicles Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV).
Passenger Vehicles Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat.
Light Commercial Vehicles Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category.
M&HDT Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category.
Bus A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses.
Diesel It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed.
Gasoline It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug.
LPG It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study.
CNG It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines.
HEV All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices.
PHEV PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly.
Hatchback These are compact-sized cars with a hatch-type door provided at the rear end.
Sedan These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage.
SUV Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles.
MPV These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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Europe Medium and Heavy-duty Commercial Vehicles Market Research FAQs

The Europe Medium and Heavy-duty Commercial Vehicles Market size is expected to reach USD 38.97 billion in 2024 and grow at a CAGR of 5.21% to reach USD 52.86 billion by 2030.

In 2024, the Europe Medium and Heavy-duty Commercial Vehicles Market size is expected to reach USD 38.97 billion.

Daimler AG (Mercedes-Benz AG), Man Truck & Bus, PACCAR Inc., Scania AB and Volvo Group are the major companies operating in the Europe Medium and Heavy-duty Commercial Vehicles Market.

In the Europe Medium and Heavy-duty Commercial Vehicles Market, the Heavy-duty Commercial Trucks segment accounts for the largest share by vehicle body type.

In 2024, Russia accounts for the largest share by country in the Europe Medium and Heavy-duty Commercial Vehicles Market.

In 2023, the Europe Medium and Heavy-duty Commercial Vehicles Market size was estimated at 38.97 billion. The report covers the Europe Medium and Heavy-duty Commercial Vehicles Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Medium and Heavy-duty Commercial Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Medium and Heavy-duty Commercial Vehicles Industry Report

The Europe Medium and Heavy-duty Commercial Vehicles Market is segmented by vehicle type, propulsion type, and country. This market analysis covers commercial vehicles, hybrid and electric vehicles, and ICE vehicles across various European countries, including Austria, Belgium, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, Norway, Poland, Russia, Spain, Sweden, the UK, and the rest of Europe. The market report offers insights into the market size and market share, providing a comprehensive market overview and market forecast outlook to the end of the forecast period.

The market research includes detailed industry reports and industry analysis, highlighting market trends and market growth. The industry overview offers a historical perspective and a future outlook on the industry, alongside industry statistics and industry information. The report also includes a market review and market segmentation by vehicle type, configuration, body type, propulsion type, and fuel category.

The market data presented in the report reflect the market value in USD and market volume in units, offering a clear picture of the market size. The report example and report PDF are available for download, providing a detailed market prediction and market outlook.

The industry research emphasizes the growth rate and market leaders, offering insights into industry sales and industry size. The market forecast includes predictions on market trends and market growth, helping research companies understand the industry's future trajectory.

In summary, this report is a valuable resource for understanding the Europe Medium and Heavy-duty Commercial Vehicles Market, offering detailed market data and industry information to support strategic decision-making.

Europe Medium and Heavy-duty Commercial Vehicles Market Report Snapshots

Europe Medium and Heavy-duty Commercial Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030