What is the current Medium and Heavy Duty Commercial Vehicles Market size?

The Medium and Heavy Duty Commercial Vehicles Market is projected to register a CAGR of 8% during the forecast period (2024-2029) Read More

Who are the key players in Medium and Heavy Duty Commercial Vehicles Market?

PACCAR Inc, Daimler AG, Volvo Group, MAN SE and Tata Motors Limited are the major companies operating in the Medium and Heavy Duty Commercial Vehicles Market. Read More

Which is the fastest growing region in Medium and Heavy Duty Commercial Vehicles Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Medium and Heavy Duty Commercial Vehicles Market?

In 2024, the Asia Pacific accounts for the largest market share in Medium and Heavy Duty Commercial Vehicles Market. Read More

What years does this Medium and Heavy Duty Commercial Vehicles Market cover?

The report covers the Medium and Heavy Duty Commercial Vehicles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medium and Heavy Duty Commercial Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the growth opportunities for the Medium and Heavy Duty Vehicles Industry?

The growth opportunities for the Medium and Heavy Duty Vehicles Industry are a) Focus on fuel efficiency and alternative fuel vehicles b) Development of autonomous trucks has the potential to improve safety, efficiency, and reduce operational costs in the long run Read More

Medium and Heavy Duty Commercial Vehicles Market Share

Statistics for the 2023 & 2024 Medium and Heavy Duty Commercial Vehicles market share, created by Mordor Intelligence™ Industry Reports. Medium and Heavy Duty Commercial Vehicles share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Medium and Heavy Duty Commercial Vehicles

The market studied is moderately consolidated and is captured by major players, like Daimler AG, Toyota Motor Corporation, Scania, and MAN trucks owned by the Volkswagen GroupVolvo Trucks, ISUZU, and Mitsubishi Motor Corporation, among others, with Daimler AG leading the market.

In April 2021, Isuzu Motors completed the acquisition of UD Trucks from the Volvo Group as part of a strategic alliance between the Volvo Group and Isuzu Motors.

In Mar 2021, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), under the umbrella of Daimler Trucks Asia, announced the launch of the improved Canter Light-duty Truck, which complies with Japanese regulations.