5.13.3Segment

Heavy-Duty Trucks (Class 7–8)

OEMs producing Class 7 and Class 8 sleeper, day cab, and vocational trucks for long-haul freight, regional distribution, and heavy-duty work applications.

4
Verticals

Overview

Heavy-Duty Trucks (Class 7–8) covers the manufacturing of heavy commercial trucks and tractors for freight and long-haul transport. At ~$33B it is a consolidated, cyclical segment dominated by truck majors (Daimler Truck/Freightliner, PACCAR/Kenworth-Peterbilt, Traton/Navistar, Volvo/Mack).

Demand is highly cyclical with freight activity, fleet replacement, and economic conditions, and the segment is navigating the early stages of zero-emission (battery-electric and hydrogen) heavy trucking driven by emissions regulation. It is consolidated, capital-intensive, with aftermarket parts and service an attractive recurring-revenue layer.

Market snapshot

Market size
~$33B
Growth
~5.2%CAGR (2017–22, nominal)
Companies
~100
FragmentationConsolidated

U.S. Census Bureau 2022 CBP/Economic Census, NAICS 336120 (heavy duty truck manufacturing); medium-duty trucks are largely captured within this code.

Business model & economics

Revenue model
Truck sales plus aftermarket parts and service
Recurring revenue
Moderate–High — recurring aftermarket and service
EBITDA margin
Cyclical equipment; richer aftermarket
Capex intensity
High
  • Dominated by Daimler, PACCAR, Traton, Volvo.
  • Highly cyclical with freight and fleet replacement.
  • Early-stage zero-emission heavy trucking transition.

M&A deal context

Moderate deal activity

Who’s acquiring

Truck OEM majorsZero-emission & component acquirersAftermarket consolidators

What’s driving deals

  • Zero-emission heavy-truck transition.
  • Aftermarket and service economics.
  • Freight-cycle and fleet-replacement demand.

Verticals in this segment

  • 5.13.3.1Concrete Mixer & Construction Truck OEMs

    Producers of concrete mixer drums and ready-mix truck bodies.

  • 5.13.3.2Refuse & Utility Truck Bodies

    Manufacturers of refuse collection, utility, and service body upfits for heavy chassis.

  • 5.13.3.3Sleeper & Day Cab Truck OEMs

    Manufacturers of Class 8 line-haul sleeper and day cab tractors for over-the-road freight.

  • 5.13.3.4Vocational & Severe-Service Truck OEMs

    Manufacturers of Class 7–8 vocational trucks for construction, oil field, and severe-service applications.

Find Heavy-Duty Trucks (Class 7–8) acquisition targets

Search Acquisera’s index for companies classified under Heavy-Duty Trucks (Class 7–8) (5.13.3) and build a targeted deal pipeline.

Search companies