Medium-duty Truck Market - Top Companies and Manufacturers

  • Report ID: 6653
  • Published Date: Nov 06, 2024
  • Report Format: PDF, PPT

Companies Dominating the Medium-duty Truck Market

    Key players in the medium-duty truck market are employing several organic and inorganic strategies such as technological advancements, strategic collaborations and partnerships, mergers and acquisitions, and regional expansions to earn high profits. The industry giants are collaborating with other players and tech firms to develop medium-duty trucks with advanced features such as telematics, GPS, and advanced driver-assistance systems.

    To grab sustainability trend opportunities, the leading companies are focusing on introducing EV medium-duty trucks. The strict environmental regulations across the world are necessitating end use organizations to adopt sustainable vehicles including EV medium-duty trucks, boosting the profit shares of medium-duty truck market players. Furthermore, they are entering into regional expansion strategies to tap new revenue streams.

    Some of the key players medium-duty truck market include:

    • Battle Motors
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Mack Trucks, Inc.
    • Ashok Leyland Limited
    • BharatBenz
    • Eicher Motors Limited
    • Ford Motor Company
    • General Motors Company
    • Daimler Truck North America LLC
    • Mercedes-Benz Group AG
    • PACCAR Inc.
    • Tata Motors Limited
    • Traton Group
    • Scania AB
    • Navistar International Corporation
    • Volvo Group
    • Iveco S.p.A.
    • Kenworth Truck Company
    • Peterbilt Motors Company
    • Dongfeng Motor Corporation
    • Western Star Trucks

Browse Key Market Insights with Data Illustration:

In the News

  • In September 2024, Battle Motors revealed the launch of the Striker Non-CDL Class 6 Truck with high durability, comfort, and safety. With this launch, the company is set to stand out in the medium-duty truck market.
  • In August 2024, Mack Trucks, Inc. announced the launch Mack MD series of diesel and electric medium-duty trucks. The company’s move represents the alignment towards sustainability trends and to meet the evolving consumer demands.
  • In May 2023, Freightliner Trucks a division of Daimler Truck North America LLC, announced the launch of eM2 series production of battery electric tricks for medium-duty applications. Through this launch, the company is expanding its EV portfolio and contributing to the Net-Zero emission goal.

Author Credits:  Saima Khursheed


  • Report ID: 6653
  • Published Date: Nov 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global medium-duty truck market will be valued at USD 58 billion in 2025.

Expanding at a CAGR of 5.9%, the global market is expected to increase from USD 54.8 billion in 2024 to USD 115.3 billion by 2037.

Some leading companies are Battle Motors, Mack Trucks, Inc., Ashok Leyland Limited, BharatBenz, Eicher Motors Limited, Ford Motor Company, General Motors Company, and Daimler Truck North America LLC.

The diesel segment is estimated to capture a high 55.5% of the market share through 2037.

Asia Pacific is expected to hold 45.2% of the global market share through 2037.
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