Top commercial vehicle companies in world | Manufacturers & Suppliers 2026

Code: MTA3904 Publication Date: Jun 2025

Top commercial vehicle companies in world

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The Global commercial vehicle market size expected to register significant growth with estimates ranging from USD 1.48 trillion in 2026 to around USD 3.15 trillion by 2032, exponentially reaching a CAGR of around 6.4% during the forecast period. The growth is mainly driven by rising investments in infrastructure, specifically in regions such as Asia-Pacific and Latin America.

Additionally, the growth is further bolsteredby powerful forces including electrification and regional disparities. The development ofcommercial vehicle industry is spurred several prominent trends such as increasing use of electric and hybrid commercial vehicles, fleet digitization, integration of advanced telematics, and stricter emission regulations prompting fleet upgrades. Apart from this, the rapid expansion of e-commerce and retail logistics continues to restructure fleet configuration across urban and semi-urban regions globally.

1. Daimler Trucks

CompanyDaimler Trucks & Buses (MercedesBenz, Freightliner, Fuso)
HeadquartersStuttgart, Germany  & Oakville, Ontario, Canada (Freightliner)
Established Year1926 (Daimler AG root) 
Website Click here 

A world leader owning MercedesBenz Trucks, Freightliner, Western Star, Fuso, and Thomas Built Buses, Daimler is pioneering hydrogen and electric technologies across global lineups 

2. Volvo Group

CompanyVolvo Trucks & Volvo Buses
HeadquartersGothenburg, Sweden
Established Year1927
Website Click here 

Second-largest heavytruck manufacturer globally, Volvo offers advanced safety, fuel-efficiency, and is rolling out hydrogen-powered and electric models 

3. Scania AB

CompanyScania AB
HeadquartersSödertälje, Sweden
Established Year1891 
Website Click here 

Part of Volkswagen Group, Scania is renowned for modular platforms, high-payload capabilities, and sustainability focus, including hydrogen and electric systems 

4. MAN Truck & Bus

CompanyMAN Truck & Bus (Traton Group)
HeadquartersMunich, Germany
Established Year1758 (as machinery), truck arm since 1907
Website Click here 

A major Traton subsidiary known for TGX/TGL trucks and city buses, MAN is innovating with hydrogen combustion engines 

5. PACCAR Inc.

CompanyPACCAR (Peterbilt, Kenworth, DAF)
HeadquartersBellevue, Washington, USA / Eindhoven, Netherlands
Established Year1905 
Website Click here 

Parent of Peterbilt, Kenworth, and DAF, PACCAR is celebrated for innovation, dependable engines, and long-haul truck excellence 

6. Navistar International

CompanyNavistar International (Traton Group)
HeadquartersLisle, Illinois, USA
Established Year1902 
Website Click here 

A leading U.S.-based maker of medium/heavy-duty trucks and engines, Navistar joined Traton in 2021 and is growing its global footprint 

7. Isuzu Motors Ltd.

CompanyIsuzu Motors Ltd.
HeadquartersYokohama, Kanagawa, Japan
Established Year1934
Website Click here 

Specializing in diesel-powered commercial vehicles, Isuzu is globally respected for durable, fuel-efficient medium-duty trucks 

8. Hino Motors

CompanyHino Motors
HeadquartersHino, Tokyo, Japan
Established Year1942
Website Click here 

A Toyota Group company and Asia’s heavy-truck expert, Hino is advancing hybrid and hydrogen models 

9. Mitsubishi Fuso

CompanyMitsubishi Fuso Truck and Bus Corporation
HeadquartersKawasaki, Kanagawa, Japan
Established Year1932
Website Click here 

Major global manufacturer of light-to-heavy commercial vehicles under Daimler Trucks ownership

10. Tata Motors

CompanyTata Motors (Commercial Vehicles Division)
HeadquartersMumbai, Maharashtra, India
Established Year1945
Website Click here 

India’s top CV maker and a global player, manufacturing trucks, buses, and pioneering electric and hydrogen commercial vehicles 

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