Top Heavy-Duty Trucks Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Heavy-Duty Trucks Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Heavy-Duty Trucks industry players.

Heavy-Duty Trucks Market Competitive Landscape

Heavy-duty truck manufacturers should focus on improving the versatility and fuel efficiency of their products to stand out from the competition. Developing and providing vehicles powered by batteries and hydrogen can also help companies comply with rising emphasis on sustainability. Targeting the freight transportation industry can offer lucrative returns for all companies as per global heavy-duty trucks market analysis.

Top Player’s Company Profiles

  • Daimler AG
  • Volvo Group
  • PACCAR Inc
  • Navistar International Corporation
  • MAN SE
  • Scania AB
  • Iveco S.p.A.
  • Hino Motors, Ltd.
  • Isuzu Motors Ltd.
  • Kenworth Truck Company
  • Mack Trucks, Inc.
  • Western Star Trucks
  • Peterbilt Motors Company
  • Ashok Leyland
  • Dongfeng Motor Corporation

Recent Developments

  • In January 2025, Volvo Trucks, a leading manufacturer of heavy-duty trucks announced the launch of first-ever heavy-duty electric truck in Qatar. Volvo FH Electric can travel up to 300 km per charge and delivers 666 horsepower. The truck was launched through a collaboration with Domasco.
  • In November 2023, Eicher Trucks & Buses, a leading supplier of commercial vehicles launched a range of heavy-duty trucks called Eicher Non-Stop Series. The new range of vehicles are equipped with highly powerful yet fuel efficient engines to deliver enhanced performance for fleet owners.
  • In August 2024, BharatBenz, a leading provider of trucks and buses in India announced the launch of a new range of heavy-duty trucks. The new Rigid range is powered by a 6.7-liter diesel engine available in multiple configurations as per customer’s requirements and application.
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Global Heavy-Duty Trucks Market size was valued at USD 262.25 Billion in 2024 and is poised to grow from USD 277.99 Billion in 2025 to USD 443.07 Billion by 2033, growing at a CAGR of 6% during the forecast period (2026–2033). 

Heavy-duty truck manufacturers should focus on improving the versatility and fuel efficiency of their products to stand out from the competition. Developing and providing vehicles powered by batteries and hydrogen can also help companies comply with rising emphasis on sustainability. Targeting the freight transportation industry can offer lucrative returns for all companies as per global heavy-duty trucks market analysis. 'Daimler AG (Germany) ', 'Volvo Group (Sweden) ', 'PACCAR Inc. (United States) ', 'Navistar International Corporation (United States) ', 'Traton SE (Germany) ', 'Tata Motors Limited (India) ', 'Ashok Leyland Limited (India) ', 'China National Heavy Duty Truck Group Co., Ltd. (CNHTC) (China) ', 'Dongfeng Motor Corporation (China) ', 'Isuzu Motors Limited (Japan) ', 'Hino Motors, Ltd. (Japan) ', 'MAN Truck & Bus SE (Germany) ', 'Scania AB (Sweden) ', 'Iveco S.p.A. (Italy) ', 'Mack Trucks, Inc. (United States) ', 'Hyundai Motor Company (South Korea) ', 'BYD Company Limited (China) ', 'Paccar Australia Pty Ltd (Australia) ', 'Ford Motor Company (United States)'

Rapidly increasing demand for goods and products around the world on the back of e-commerce expansion is bolstering the demand for freight transportation solutions. Heavy-duty trucks play a crucial role in freight transportation, enabling the efficient movement of goods across long distances as supply chain networks expand to accommodate rising consumer demands.

Emphasis on Reducing Emissions: heavy-duty truck manufacturers should invest in the development of battery-electric and hydrogen fuel-cell heavy-duty trucks to reduce emissions from the trucking industry. Imposition of stringent emission control mandates and availability of government incentives for electrification are making this indispensable heavy -duty trucks market trend for all companies through 2032.

The North American region is estimated to lead the global heavy-duty trucks industry over the coming years. The presence of a developed road network, innovations in heavy-duty trucks design, and presence of massive long-haul fleets are helping this region bring in the most revenue. Canada and the United States are slated to emerge as the most opportune markets in the North American region going forward. The presence of leading heavy-duty trucks manufacturers and increasing use of heavy-duty trucks in military and defense applications are also slated to cement the dominance of this region across the forecast period and beyond.

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