Saudi Arabia Heavy-Duty Trucks Industry Research 2025: Shift Towards Fuel-Efficient Vehicles, Infrastructure Boom Fueling Demand - Trends, Competition, Forecasts & Opportunities to 2030

Market Overview - 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, growing at a CAGR of 6.50% [1] - The market is driven by infrastructure development, economic diversification, and growth in e-commerce and logistics [1][8][14] Growth Drivers - Increasing investment in infrastructure projects, including new cities, roads, and bridges, is a primary growth driver [1] - Expansion of logistics and freight sectors due to rising e-commerce and transportation demand [2] - Economic diversification under Vision 2030, focusing on non-oil sectors like manufacturing, tourism, and logistics [9] Emerging Trends - Shift towards fuel-efficient and environmentally friendly vehicles driven by government sustainability initiatives [4] - Adoption of technology in telematics, fleet management, and autonomous driving to enhance operational efficiency [5] Regional Insights - The Northern and Central region is the dominant market for heavy-duty trucks, driven by Riyadh's commercial and industrial activities [18] - This region serves as a key transportation corridor, connecting eastern, western, and southern parts of Saudi Arabia [19] Market Segmentation - The market is segmented by tonnage type, class, fuel type, application type, and region [12][17] - Key fuel types include gasoline, diesel, electric, and alternative fuels [17] - Applications include construction and mining, freight and logistics, and other sectors [17] Key Players - Major companies in the market include 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, and Ford Middle East [17] Challenges - Rising cost of raw materials impacting truck manufacturing prices [6] - Workforce shortages in skilled labor for maintenance and repair services [6] - Slow adoption of electric heavy-duty trucks due to high costs and limited charging infrastructure [7]