Commercial Vehicle Market - Top Companies and Manufacturers

Companies Dominating the Commercial Vehicle Landscape

Volvo Group
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Tata Motors Limited
Daimler Truck AG
Mahindra & Mahindra Limited
Paccat Inc.
Hino Motors Ltd.
Volkswagen AG
Scania CV AB
Robert Bosch GmbH
Ashok Leyland

Browse Key Market Insights with Data Illustration:

Commercial Vehicle Market Size & Share | Forecast Report 2037

In the News

Volvo Group revealed an extended range for Volvo’s battery electric trucks, a new fully electric rear axle, which is spaced up for more batteries.
Tata Motors Limited unveiled an extensive and comprehensive range of 21 new commercial vehicles added to Tata Motors' established “Power of 6” benefit proposition to address specific usage and applications while delivering higher productivity and lower total cost of ownership. They were designed and engineered to cater to the evolving needs of cargo and people transport across segments and applications (TCO).

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of commercial vehicle is evaluated at USD 1.17 trillion.

The commercial vehicle market size was valued at USD 1.1 trillion in 2024 and is set to exceed USD 3.09 trillion by the end of 2037, registering over 7.8% CAGR during the forecast period i.e., between 2025-2037. The growing rate of urbanization and the rise in demand for light commercial vehicles will propel the market growth.

North America industry is likely to account for the largest share of 34% by 2037, led by the rising presence of a strong transportation network in the region.

The major players in the market include Volvo Group, Tata Motors Limited, Daimler Truck AG, Mahindra & Mahindra Limited, Paccat Inc., Hino Motors Ltd., Volkswagen AG, Scania CV AB, Robert Bosch GmbH, Ashok Leyland.

Commercial Vehicle Market - Top Companies and Manufacturers

Companies Dominating the Commercial Vehicle Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the commercial vehicle market?

What are the factors driving the commercial vehicle landscape?

Which region held the largest commercial vehicle industry share?

Who are the key players in the commercial vehicle sector?