Commercial Vehicle companies

  • Report ID: 4429
  • Published Date: Apr 18, 2025
  • Report Format: PDF, PPT

Companies Dominating the Commercial Vehicles Landscape

    The commercial vehicles market is competitive, with players like AB Volvo, Daimler Truck Holding AG, Ashok Leyland Limited, BYD Motors, and Hyundai Motor Company leading the way in electric, hydrogen, and connected vehicles. These companies are using strategic alliances and acquisitions to increase their market share and technology capabilities. In October 2024, Volvo Group and Daimler Truck launched a joint venture to create a software-defined vehicle platform for heavy-duty commercial vehicles. This partnership reflects the current trends of the industry concerning digitalization and connectivity, as well as offering flexible and efficient solutions for commercial vehicle manufacturers. These strategic measures show the commitment of the sector to innovation and sustainability that will ensure future growth in the sector.

    Here are some leading companies in the commercial vehicles market:

    • AB Volvo
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Alexander Dennis Limited
    • Ashok Leyland Limited.
    • Blue Bird Corporation.
    • BYD Motors
    • Collins Bus Corporation
    • Daimler Truck Holding AG
    • Deccan Auto Limited
    • Eicher Motors Limited
    • Ford Motor Company
    • Hyundai Motor Company
    • ISUZU MOTORS
    • Iveco Group NV.
    • JBM Motor Limited
    • Mahindra and Mahindra.
    • PACCAR Inc.
    • Tata Motors Limited.
    • TEMSA
    • The Lion Electric Company
    • TRATON SE
    • VDL Van Hool.
    • Yutong Group

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

2025 Commercial Vehicle Market is assessed at USD 1.52 trillion.

The global commercial vehicles market size was valued at over USD 1.45 trillion in 2024 and is projected to grow at a robust CAGR of 6.1%, surpassing USD 3.13 trillion by 2037.

North America is projected to surge to USD 1.49 trillion by 2037, impelled by increased manufacturing, innovation, and government support for commercial vehicle production.

The truck segment is anticipated to dominate the commercial vehicles market during the forecast period.
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