Heavy Duty Trucks Market - Top Companies and Manufacturers

Companies Dominating the Heavy Duty Trucks Landscape

Prominent industry participants are making significant investments in R&D to broaden their product offerings, therefore contributing to the further expansion of the heavy duty truck industry. The leading heavy duty trucks market companies are:

Oshkosh Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

Mack Trucks
Navistar
Kenworth
Tesla Motors
Volkswagen Inc.
Ford Motor Company
Volvo Trucks
Hyundai Motor

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Heavy Duty Trucks Market Size & Share | Statistics Report 2037

In the News

Oshkosh Corporation, a forerunner in the development of vehicles and equipment with a specific purpose, said on February 29, 2024, that it has invested in Eatron Technologies, a cutting-edge creator of battery management software (BMS) driven by artificial intelligence (AI).
AUSACORP S.L., a privately held international company that manufactures wheeled dumpers, rough terrain forklifts, and telehandlers for the construction, material handling, agriculture, landscape, and specialty equipment industries, was acquired by Oshkosh Corporation, a leading innovator of purpose-built vehicles and equipment, on May 8, 2024. AUSA will merge into the Oshkosh Access division once it closes.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of heavy duty trucks is evaluated at USD 232.11 billion.

The heavy duty trucks market size was over USD 218.64 billion in 2024 and is poised to exceed USD 573.5 billion by 2037, growing at over 7.7% CAGR during the forecast period i.e., between 2025-2037. The market growth is propelled by rising demand for tough vehicles with high transportation capability globally.

Asia Pacific industry is set to hold largest revenue share of 60% by 2037, influenced by expansion of population in this region which in turn requires these heavy duty trucks for different uses.

The major players in the market are Oshkosh Corporation, Mack Trucks, Navistar, Kenworth, Tesla Motors, Volkswagen Inc., Ford Motor Company, Volvo Trucks, Hyundai Motor, IVECO, Hino Motors, Mitsubishi Fuso Truck and Bus Corporation, Isuzu Motors Ltd, Daihatsu Motor Co., Ltd., Suzuki Motor Corporation, and others.

Heavy Duty Trucks Market - Top Companies and Manufacturers

Companies Dominating the Heavy Duty Trucks Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the heavy duty trucks market?

What are the factors driving the heavy duty trucks landscape?

Which region held the largest heavy duty trucks industry share?

Who are the key players in the heavy duty trucks sector?