Flatbed Trucks Market Consumer Behaviour, Demand, Forecast & Key Market Players

Flatbed Trucks Market Size Growth and Import & Export Analysis

The flatbed trucks market is forecasted to expand from USD 41.61 billion in 2025 to USD 55.02 billion by 2034, growing at a CAGR of 3.15% from 2025 to 2034. The rapid expansion of the e-commerce sector coupled with growing demand for efficient transportation solutions has contributed to the market expansion.

Additionally, the increasing application of flatbed trucks in the oil and gas industry along with numerous government initiatives aimed at developing the building infrastructure is playing a vital role in shaping the industrial landscape. The integration of ADAS components and advanced telematics solutions in modern trucks is expected to create ample growth opportunities for the market players in the future.

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Introduction

The flatbed trucks market is a crucial sector of the automotive industry. This industry deals in manufacturing and distribution of flatbed trucks in different parts of the world. There are several types of trucks developed in this industry consisting of light-duty trucks, medium-duty trucks, heavy-duty trucks and some others. These trucks are powered by different types of engines including ICE, electric, hybrid and some others. It finds application in various sectors including construction, logistics, agriculture, mining and some others. The growing investment by automotive brands for manufacturing high-payload trucks has contributed to the overall market expansion. This market is expected to rise significantly with the growth of the commercial vehicles industry around the globe.

Highlights of the Flatbed Trucks Market

• North America generated highest revenue of the flatbed trucks market.
• Asia Pacific is expected to grow with a significant CAGR during the forecast period.
• By application, the logistics segment held the largest share of the market.
• By application, the construction segment is expected to rise with a considerable CAGR during the forecast period.
• By type, the heavy-duty trucks segment led the market.
• By type, the light duty trucks segment is expected to grow with a notable CAGR during the forecast period.
• By engine type, the internal combustion engine segment dominated the industry.
• By engine type, the electric engine segment is expected to expand with the fastest CAGR during the forecast period.

Key Metrics and Overview

What are the Trends of the Flatbed Trucks Market in 2025?

The major trends in this market consists of business expansions, green logistics and increasing demand for hybrid trucks. 

• Business Expansions

The market players have started investing heavily for opening new production facilities to increase the manufacturing output of flatbed trucks. For instance, in April 2025, Daimler Truck announced to invest around US$ 285 million. This investment is done for opening a new truck production facility in Redford Township, Michigan. (Source: Tank Transport)

• Green Logistics

The logistics companies are partnering with each other to launch green logistics services with an aim to reduce CO2 emission in the environment. For instance, in July 2024, DHL partnered with Envision. This partnership is done for launching a green logistics service in China. (Source: ESG Today)

• Increasing Demand for Hybrid Trucks

The demand for hybrid trucks has rapidly increased from several sectors including logistics, mining, oil and gas, and some others for lowering fuel cost. For instance, in February 2025, Scania collaborated with DHL Group. This collaboration is aimed at launching a hybrid truck to enhance logistics operations. (Source: The EV Report)

Type Insights

How did the Heavy-duty Trucks Segment Led the Flatbed Trucks Market in 2025?

The heavy-duty trucks segment dominated the market. The growing demand for heavy-duty trucks from the construction sector for transporting sand, gravel, cement and some others has driven the market expansion. Also, the increasing sales of heavy-duty trucks in several countries such as the U.S., India, Russia and some others is playing a vital role in shaping the industry in a positive direction. Moreover, rapid investment by fleet operators to deploy heavy-duty trucks in the logistics sector is expected to drive the growth of the flatbed trucks market.

The light duty trucks segment is expected to rise with a notable CAGR during the forecast period. The rising demand for light duty trucks from the e-commerce sector to deliver goods at short distances has boosted the market growth. Additionally, rapid investment by EV companies to develop affordable light-duty trucks is playing a positive role in shaping the industrial landscape. Moreover, the integration of advanced engines in light duty trucks to deliver superior performance is expected to propel the growth of the flatbed trucks market.

Engine Type Insights

What Made Internal Combustion Engine to be the Most dominant Segment of Flatbed Trucks Market in 2025?

The internal combustion engine segment held the largest share of the industry. The growing application of ICE-based flatbed trucks for operating heavy-duty applications has driven the market expansion. Additionally, the increasing demand for flatbed trucks from several sectors including construction and logistics is playing a vital role in shaping the industry in a positive direction. Moreover, partnerships among engine providers and trucks manufacturers to integrate high-quality engines in flatbed trucks is expected to propel the growth of the flatbed trucks market.

The electric engine segment is expected to rise with the fastest CAGR during the forecast period. The increasing adoption of electric trucks in the e-commerce sector has boosted the market growth. Also, numerous government initiatives aimed at developing the EV charging infrastructure coupled with rapid investment by engine manufacturers to develop superior-quality powertrains is contributing to the industrial expansion. Moreover, collaborations among trucks manufacturing brands to develop electric engines to the cater the needs of the flatbed trucks is expected to drive the growth of the flatbed trucks market.

Application Insights

Which Type of Application Led the Flatbed Trucks Market in 2025?

The logistics segment dominated the market. The growing application of flatbed trucks in the logistics sector to facilitate transportation of goods from one place to another has driven the market expansion. Additionally, government of several countries such as the U.S., India, Germany and some others are increasing their emphasis on green logistics, thereby contributing to the industrial growth. Moreover, rapid investment by logistics companies to deploy advanced trucks for delivering goods in different parts of the world is expected to foster the growth of the flatbed trucks market.

The construction segment is expected to grow with a considerable CAGR during the forecast period. The rapid adoption of electric flatbed trucks in the construction sector to reduce vehicular emission has boosted the market expansion. Also, rapid investment by government for developing the road infrastructure coupled with rise in number of residential constructions in developed nations is playing a vital role in shaping the industry in a positive direction. Moreover, partnerships among truck manufacturers to deploy heavy-duty flatbed trucks in the construction sector is expected to propel the growth of the flatbed trucks market.

Geographical Insights

Why North America dominated the Flatbed Trucks Market in 2025?

North America led the flatbed trucks market. The rising use of e-commerce platforms for purchasing and selling goods in online platforms has boosted the market expansion. Additionally, rapid adoption of electric flatbed trucks in the logistics sector coupled with increase in number of trucking companies is playing a vital role in shaping the industrial landscape. Moreover, the presence of several market players such as Kenworth, Navistar International Corporation, Peterbilt, ZM Trucks and some others is expected to drive the growth of the flatbed trucks market in this region.

• In January 2025, ZM Trucks announced to open a new manufacturing plant in California, U.S. This new production facility will be inaugurated to manufacture around 100000 zero-emission trucks every year. (Source: Transport Topics)

U.S. dominated the market in this region. The growing adoption of electric trucks in the logistics sector to reduce vehicular emission coupled with rise in number of residential constructions has boosted the market expansion. Moreover, the presence of well-established automotive industry along with rapid development in the mining industry is contributing to the industrial growth.

Asia Pacific is expected to rise with a significant CAGR during the forecast period. The increasing use of heavy-duty trucks from several sectors including agriculture, oil and gas, manufacturing and some others has driven the market expansion. Additionally, numerous government initiatives aimed at developing the EV charging infrastructure along with rise in number of hydrogen refueling stations has contributed to the industrial growth. Moreover, the presence of various local truck manufacturers such as Blue Energy Motors, Tata Motors, Ashok Leyland, Mitsubishi Fuso and some others is expected to propel the growth of the flatbed trucks market in this region.

• In January 2025, Blue Energy Motors signed a MoU with Maharashtra Government. This MoU is signed to open an EV truck manufacturing plant in Pune, India. (Source: Energetica-India)

China led the market in this region. The growing development in the logistics sector coupled with deployment of hybrid trucks in the mining sector has boosted the market expansion. Additionally, rapid investment by automotive brands for developing articulated flatbed trucks to cater the needs of the industrial sector is contributing to the industrial growth.

Industry Leader Announcement

• In February 2024, Sabari Manohar, the Vice President, Sales-Service-Used Car Business at Toyota Kirloskar Motors made an announcement stating that,” At Toyota Kirloskar Motor, our commitment to customer-centricity is paramount. We consistently strive to innovate, aiming to enrich the end-to-end customer journey for a truly awesome ownership experience. The introduction of the “Awesome New Car Delivery Solution” initiative to be executed by our Dealers exemplifies our unwavering commitment to excellence. Offering movement of new cars from dealer stockyards to dealer showrooms through a carrier service, at no additional cost to the customers, will not only bring peace of mind but will also establish a uniform purchasing experience across all locations by effectively minimizing transit-related issues. As we continue to broaden our focus on providing access to our world-class products and services, we believe this initiative will particularly benefit customers in rural and semi-urban areas, where movement of vehicles large trucks, remains a challenge and new vehicles are often driven to the delivery location by road from Dealer stock yard.”

Competitive Landscape

The flatbed trucks market is a highly fragmented industry with the presence of various dominating players. Some of the prominent companies in this industry consists of Paccar Inc, Kenworth, Daimler AG, General Motors, Hino Motors Ltd, Isuzu Motors Ltd, Tata Motors, Freightliner, Ashok Leyland, Peterbilt, Mitsubishi Fuso Truck and Bus Corporation, Ford Motor Company, MAN SE, Navistar International Corporation, Volvo Group and some others. These companies are constantly engaged in manufacturing flatbed trucks and adopting numerous strategies such as acquisitions, partnerships, joint ventures, launches, business expansions, collaborations and some others to maintain their dominance in this industry.

• In April 2025, Peterbilt launched a new range of heavy-duty electric flatbed trucks. These new trucks are equipped with a 625-kWh battery that is expected to deliver a range of 250 miles on a single charge. (Source: Peterbilt)

• According to the annual report of Volvo, around 41% revenue of the company was generated from Europe followed by other regions. (Source: Volvo Group)

Recent Developments

• In March 2025, Hyundai launched a new flatbed truck. This flatbed truck is designed to enhance operational efficiency for maximizing performance, increasing connectivity, and optimizing asset management strategies. (Source: Trailer-Bodybuilder)
• In July 2024, PGT Trucking announced to open two new manufacturing facilities in Ghent, KY, and Spartanburg, SC. These new plants are inaugurated to enhance the production of flatbed trucks across the U.S. (Source: Fleet Equipment Magazine)
• In February 2024, Toyota launched a flatbed truck delivery system. This new flatbed system is designed for transporting new cars in India. (Source: Cardekho)

Flatbed Trucks Market Segments

By Application

• Construction
• Logistics
• Agriculture
• Mining

By Type

• Light Duty
• Medium Duty
• Heavy Duty

By Engine Type

• Internal Combustion Engine
• Electric Engine
• Hybrid Engine

By Payload Capacity

• Up to 3 tons
• 3 to 7 tons
• 7 to 15 tons
• Above 15 tons

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• The Middle East and Africa