Automated Medium Duty Truck Market size is estimated to be USD 4.5 Billion in 2024 and is expected to reach USD 10.2 Billion by 2033 at a CAGR of 9.8% from 2026 to 2033.
The global Automated Medium Duty Truck market was valued at approximately USD 7.5 billion in 2022 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 14.8% from 2023 to 2030. This growth is driven by increasing demand for enhanced transportation efficiency, the adoption of automated technologies, and the shift towards sustainable logistics solutions. North America accounted for the largest market share in 2022, with a value of USD 3.1 billion. The region’s dominance is attributed to advancements in autonomous vehicle technologies, robust infrastructure, and favorable government initiatives to promote automation in the transportation industry. Europe followed closely with a market share of 30%, driven by the presence of key manufacturing hubs and stringent regulations regarding vehicle emissions, leading to greater adoption of automated trucks.
Asia Pacific is expected to witness the highest growth rate during the forecast period, driven by countries such as China and Japan investing heavily in autonomous driving technologies. The regions market is expected to reach USD 2.6 billion by 2030, expanding at a CAGR of 16.2%. Latin America and the Middle East & Africa are expected to experience moderate growth due to the evolving logistics landscape, with an emphasis on improving road networks and freight transport infrastructure. As the market continues to develop, opportunities for manufacturers and technology providers in these regions will rise, especially as governments push for sustainable and efficient transportation solutions. The market is also set to benefit from advancements in AI, machine learning, and sensor technologies, which are key drivers in the expansion of automated medium duty trucks across various global regions.
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AB Volvo
APTIV
Autonomous Solutions Inc.
Caterpillar Inc.
Continental AG
Daimler AG
Denso Corporation
EMBARK
Hitachi Ltd.
Intel Corporation
Komatsu Corporation
NVIDIA
PECCAR
Inc.
Qualcomm Technologies
Inc.
Robert Bosch GmbH
Valeo
WABCO
Waymo LLC
ZF Friedrichshafen AG
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automated Medium Duty Truck Market
Box Trucks
Flatbed Trucks
Refrigerated Trucks
Dump Trucks
Pickup Trucks
Diesel
Petrol
Natural Gas
Electric
Hybrid
Construction
Logistics and Transportation
Food and Beverage
Retail
Agriculture
Up to 5,000 lbs
5,001 to 10,000 lbs
10,001 to 15,000 lbs
15,001 to 20,000 lbs
Above 20,000 lbs
Automatic
Manual
Semi-Automatic
Continuously Variable Transmission (CVT)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automated Medium Duty Truck Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automated Medium Duty Truck Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automated Medium Duty Truck Market, By Type
6. Global Automated Medium Duty Truck Market, By Application
7. Global Automated Medium Duty Truck Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automated Medium Duty Truck Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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