Global Heavy-Truck Composite Component Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Exterior Panels, Hood Assemblies, Fenders, Cowl Panels, Roofs, Exterior Trim, Under Hood Panels, Fan Shrouds, Windshield Wiper Housings, Battery Boxes/Covers, Interior/Exterior, Firewalls, Engine Covers, Interior Panels, Chassis Fairings, Load Floors, Trim Panels, and Others.

By Material;

Fiberglass, High Strength Steel (HSS), Aluminum & Magnesium, and Others.

By Components;

Conventional Light Weight Material, Moderate Light Weight Material, and Extreme Light Weight Material.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn049620405 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Heavy-Truck Composite Component Market (USD Million), 2021 - 2031

In the year 2024, the Global Heavy-Truck Composite Component Market was valued at USD 2203.88 million. The size of this market is expected to increase to USD 3313.82 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

The Global Heavy-Truck Composite Component Market is witnessing substantial growth, driven by the increasing demand for lightweight and durable components in heavy-duty trucks worldwide. Heavy-truck composite components play a crucial role in enhancing vehicle performance, fuel efficiency, and overall sustainability. These components are extensively used in various applications such as truck bodies, trailers, chassis, interior cabin components, and exterior panels, among others.

The market is experiencing steady growth due to several factors, including the expansion of the transportation and logistics industry, increasing demand for heavy-duty trucks, and growing emphasis on fuel efficiency and emission reduction. Moreover, stringent regulatory standards and a growing focus on sustainability are driving the adoption of composite materials in heavy-duty truck manufacturing.

With rising investments in infrastructure development, construction activities, and transportation networks globally, the demand for heavy-truck composite components is expected to continue growing in the coming years. Manufacturers are focusing on product innovation, research, and development to meet the evolving needs of heavy-duty truck operators and capitalize on emerging opportunities in the market. The Global Heavy-Truck Composite Component Market offers lucrative growth prospects for manufacturers, suppliers, and other stakeholders, driven by the increasing demand for lightweight, durable, and sustainable components in heavy-duty trucks across various industries and applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Material
    3. Market Snapshot, By Components
    4. Market Snapshot, By Region
  4. Global Heavy-Truck Composite Component Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing transportation industry
        2. Technological advancements
        3. Increasing adoption of composites
        4. Demand for durable materials
        5. Vehicle performance enhancement
      2. Restraints
        1. Resistance to change
        2. Lack of standardized testing
        3. Concerns about repairability
        4. Long development cycles
        5. Infrastructure limitations
      3. Opportunities
        1. Focus on recyclability
        2. Integration of smart technologies
        3. Adoption of automation
        4. Development of sustainable solutions
        5. Penetration in new applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Heavy-Truck Composite Component Market, By Application, 2021 - 2031 (USD Million)
      1. Exterior Panels
      2. Hood assemblies, Fenders
      3. Cowl panels, Roofs
      4. Exterior trim
      5. Under Hood Panels
      6. Fan shrouds
      7. Windshield wiper housings
      8. Battery boxes/covers
      9. interior/exterior, Firewalls
      10. Engine covers
      11. Interior Panels
      12. chassis fairings
      13. Load floors
      14. Trim panels
      15. Others
    2. Global Heavy-Truck Composite Component Market, By Material, 2021 - 2031 (USD Million)
      1. Fiberglass
      2. High Strength Steel (HSS)
      3. Aluminum & Magnesium
      4. Others
    3. Global Heavy-Truck Composite Component Market, By Components, 2021 - 2031 (USD Million)
      1. Conventional light weight material
      2. Moderate light weight material
      3. Extreme light weight material
    4. Global Heavy-Truck Composite Component Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Wabash National Corporation
      2. Great Dane
      3. Utility Trailer Manufacturing Company
      4. Hyundai Translead
      5. Stoughton Trailers, LLC
      6. CIMC Vehicles Group Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market