Dublin, Jan. 14, 2025 (GLOBE NEWSWIRE) — The “Saudi Arabia Heavy-Duty Trucks Market, By Region, Competition, Forecast & Opportunities, 2020-2030F” report has been added to ResearchAndMarkets.com’s offering.
The Saudi Arabia Heavy-Duty Trucks Market was valued at USD 8.15 Billion in 2024, and is expected to reach USD 11.89 Billion by 2030, rising at a CAGR of 6.50%
The Saudi Arabian heavy-duty truck market is poised for significant growth due to several key factors shaping its future. One of the primary growth drivers is the country’s increasing investment in infrastructure projects, including the construction of new cities, roads, and bridges. With ambitious initiatives like Vision 2030, which aims to diversify the economy and reduce dependence on oil, the demand for heavy-duty trucks is expected to surge.
These vehicles are essential for transporting construction materials, heavy equipment, and machinery necessary for large-scale projects. Furthermore, the expansion of logistics and freight sectors is another major contributor, as e-commerce and transportation demand rise, requiring more trucks to support the movement of goods across the nation.
Several trends are emerging within the heavy-duty truck market in Saudi Arabia. A shift toward more fuel-efficient and environmentally friendly vehicles is noticeable, driven by the government’s push for sustainability in the transportation sector. This trend is prompting manufacturers to focus on developing trucks with lower emissions and better fuel economy, in line with global environmental standards.
The increasing adoption of technology is also transforming the sector, with innovations in telematics, fleet management, and autonomous driving technology becoming more prevalent. These advancements aim to enhance operational efficiency, reduce maintenance cost, and improve overall fleet management, making operations smoother and more cost-effective for businesses.
Despite the promising growth, the market faces challenges that could hinder its progress. One of the primary concerns is the rising cost of raw materials, which can impact truck manufacturing prices. The heavy-duty truck industry also faces the challenge of workforce shortages, particularly in skilled labor for maintenance and repair services.
Additionally, while there is a push for cleaner alternatives, the adoption of electric heavy-duty trucks remains slow due to high cost, limited infrastructure for charging, and the current dominance of diesel-powered vehicles in the market. These challenges, however, are being addressed through technological innovations and government support aimed at enhancing the industry’s sustainability and operational efficiency. These factors are driving the market in the forecast period 2026-2030.
Infrastructure Development
Saudi Arabia’s rapid and large-scale infrastructure development is a significant factor driving the demand for heavy-duty trucks. The country is undertaking ambitious construction projects, such as new cities, transportation networks, and major commercial developments, that require the transportation of vast amounts of construction materials, machinery, and heavy equipment.
Economic Diversification
Saudi Arabia is working to diversify its economy, with a strong emphasis on reducing reliance on oil revenues. Vision 2030 outlines plans to stimulate growth in various non-oil sectors like manufacturing, tourism, and logistics. The expansion of these industries drives the need for efficient transportation solutions, particularly in logistics and manufacturing, where heavy-duty trucks are essential for moving large volumes of goods and materials. As new industrial zones and commercial hubs develop, the demand for trucking services increases.
Growth in E-commerce and Logistics
The development of larger e-commerce platforms and an expanding distribution network has created a high demand for heavy-duty vehicles, which can handle long-haul journeys, large deliveries, and bulk shipments. This increase in logistics activity is directly influencing the growth of the heavy-duty truck market, leading to a rise in fleet expansions and investments in transportation infrastructure.
Region Insights
In 2024, the Northern and Central region of Saudi Arabia emerged as the dominant market for heavy-duty trucks. This region’s growth is largely driven by its strategic position, acting as the heart of the kingdom’s economic activities. Riyadh, the capital, is located in this region, making it a hub for commercial and industrial activities. As the central business and political nerve center, Riyadh attracts significant investment in infrastructure, construction, and logistics, all of which require heavy-duty trucks for the transportation of goods, materials, and machinery. The demand for heavy-duty trucks in this area is particularly strong due to the growth of large-scale urban development projects, such as residential complexes, commercial properties, and transportation networks, all of which require efficient logistics solutions to meet project timelines.
The Northern and Central region is also vital for the expansion of the industrial sector, with numerous manufacturing and production facilities concentrated in and around Riyadh. These industries rely heavily on heavy-duty trucks to move raw materials, finished products, and components across various production stages. As the region undergoes further industrialization under Saudi Arabia’s Vision 2030, the need for robust transportation solutions, especially heavy-duty trucks, is expected to increase. Additionally, the region is home to several key infrastructure projects that require the transportation of large and heavy loads, further driving the demand for high-capacity trucks in this area.
The logistical importance of the Northern and Central region extends to its connectivity within the country. It serves as a key transportation corridor, connecting the eastern, western, and southern parts of Saudi Arabia. As goods are transported across these regions, the demand for reliable and durable heavy-duty trucks is constant. The region’s transportation infrastructure, including roads and highways, is continuously upgraded to handle the increasing volume of freight, which in turn supports the growth of the heavy-duty truck market.
In addition to the booming industrial and construction sectors, the Northern and Central region is home to significant investments in retail, e-commerce, and distribution centers, which require the transportation of bulk goods. This adds to the heavy demand for large-capacity trucks that can carry substantial loads efficiently. With the ongoing development and expansion of infrastructure, this region is expected to maintain its position as the dominant force in Saudi Arabia’s heavy-duty truck market through 2024 and beyond.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 85 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value (USD) in 2024 | $8.15 Billion |
| Forecasted Market Value (USD) by 2030 | $11.89 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Saudi Arabia |
Report Scope:
Key Market Players
- Mercedes-Benz Group AG
- MAN Truck & Bus SE
- AB Volvo
- ISUZU MOTORS INTERNATIONAL FZE
- Hyundai Motor Company
- PACCAR Inc.
- Tata Motors Limited
- Hino Motors, Ltd.
- Mitsubishi Fuso Truck and Bus Corporation
- Ford Middle East
Saudi Arabia Heavy-Duty Trucks Market, By Tonnage Type:
- 10-15 Tons
- More Than 15 Tons
Saudi Arabia Heavy-Duty Trucks Market, By Class:
- Class 5
- Class 6
- Class 7
- Class 8
Saudi Arabia Heavy-Duty Trucks Market, By Fuel Type:
- Gasoline
- Diesel
- Electric
- Alternative Fuels
Saudi Arabia Heavy-Duty Trucks Market, By Application Type:
- Construction and Mining
- Freight and Logistics
- Other Applications
Saudi Arabia Heavy-Duty Trucks Market, By Region:
- Northern & Central
- Western
- Southern
- Eastern
For more information about this report visit https://www.researchandmarkets.com/r/elxxb9
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- Saudi Arabian Heavy-Duty Trucks Market
