South Korea Heavy Commercial Vehicles Market Size, Share, And COVID-19 Impact Analysis, By Vehicle Type (Rigid Trucks, Articulated Trucks, Tippers, Tankers, and Others), By Fuel Type (Diesel, Electric, LNG/CNG, Hybrid, and Others), By Application (Logistics, Construction, Mining, Waste Management, and Others), And South Korea Heavy Commercial Vehicles Market Insights, Industry Trend, Forecasts To 2035

South Korea Heavy Commercial Vehicles Market Size Insights Forecasts to 2035

• The South Korea Heavy Commercial Vehicles Market Size Is Expected to Grow at a CAGR of Around 3.9% from 2025 to 2035.  
• The South Korea Heavy Commercial Vehicles Market Size Is Expected to Reach A Significant Share By 2035.    

According to a Research Report Published by Spherical Insights & Consulting, The South Korea Heavy Commercial Vehicles Market size is expected to grow 3.9% CAGR from 2025 to 2035 is expected to reach a significant share by 2035. The heavy commercial vehicles market is driven by increased freight demand, government initiatives towards electrification, and expansion of construction and infrastructure activities.

Market Overview:

The South Korea heavy commercial vehicles market is the market for medium and heavy vehicles that consists of trucks, cargo carriers, dumpers, and tractor-trailers for logistics transport, construction transport, and industrial transport. The market is fuelled by dominant local players, robust logistics infrastructure, and growing investment in smart mobility solutions. South Korea's low-carbon transition strategy through leading its Green New Deal and carbon neutrality ambitions is driving low-emission and fuel-efficient commercial vehicle fleet adoption. Firms would like to replace their fleets, automate, and adopt alternative fuel such as electric and hydrogen trucks. E-commerce, infrastructure construction, and urban waste management demand continuous high-capacity transport vehicles. Even though overall unit sales have steadied over the past couple of years, the industry increases in value because of increasing attention on technology integration, efficiency of operations, and sustainability within the heavy truck fleet.

Report Coverage:

This research report categorizes the South Korea heavy commercial vehicles market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea heavy commercial vehicles market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea heavy commercial vehicles market.

Driving Factor

The South Korean heavy commercial vehicles market is driven by the growing demand from construction, logistics, and industrial industries for capacity-conducive and efficient transport. Environment-friendly mobility through government initiatives in the form of subsidies and policy scripts in the Green New Deal is driving the transition to electric and hydrogen-powered trucks. E-commerce development growth is driving fleet replacement. The growth of telematics, car automation, and fuel efficiency is driving operators to switch to newer, intelligent heavy commercial vehicle models.

Restraining Factor

South Korea's market for heavy commercial trucks is restrained by the high upfront prices of electric and hydrogen fuel trucks and the lack of charging or refueling infrastructure. Slow fleet replacement cycles and market saturation also restrict growth. Furthermore, meeting changing emissions standards raises fleet operators' and manufacturers' operating costs.

Market Segmentation

The South Korea Heavy Commercial Vehicles Market share is classified into the vehicle type, fuel type, and application.

• The rigid trucks segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period

The South Korea heavy commercial vehicles market is segmented by vehicle type into rigid trucks, articulated trucks, tippers, tankers, and others. Among these, the rigid trucks segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Rigid trucks are used in regional delivery, construction, and city delivery. They can run on inner-city roads in urban areas, are capable of carrying heavy loads, and have weight-distribution demands, making them preferred for last-mile delivery and carrying construction materials. Rigid trucks are also popular with government tenders for city and road works.

• The diesel segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period

The South Korea heavy commercial vehicles market is segmented by fuel type into diesel, electric, LNG/CNG, hybrid, and others. Among these, the diesel segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Segmental growth is credited due to well-developed fueling network, engine reliability, and low cost-per-kilometer over long-term usage.

• The logistics segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea heavy commercial vehicles market is segmented by application into logistics, construction, mining, waste management, and others. Among these, the logistics segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Hub-to-hub, port-to-hub, and line-haul operations that require heavy trucks for long-term demand have been affected by manufacturing, retail warehousing, and e-commerce.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea heavy commercial vehicles market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Renault Trucks (Volvo Group)
• Scania AB
• Daimler Truck AG
• MAN Truck & Bus
• Hyundai Motor
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Heavy Commercial Vehicles Market based on the below-mentioned segments:

South Korea Heavy Commercial Vehicles Market, By Vehicle Type

• Rigid Trucks
• Articulated Trucks
• Tippers
• Tankers
• Others

South Korea Heavy Commercial Vehicles Market, By Fuel Type

• Diesel
• Electric
• LNG/CNG
• Hybrid
• Others

South Korea Heavy Commercial Vehicles Market, By Application

• Logistics
• Construction
• Mining
• Waste Management
• Others