Top commercial vehicle companies in world | Manufacturers & Suppliers 2025

Code: MTA3904 Publication Date: Jun 2025

Top commercial vehicle companies in world

The Global commercial vehicle market size expected to register significant growth with estimates ranging from USD 1.48 trillion in 2024 to around USD 3.15 trillion by 2031, 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 bolstered by powerful forces including electrification and regional disparities. The development of commercial 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

Company Daimler Trucks & Buses (MercedesBenz, Freightliner, Fuso)
Headquarters Stuttgart, Germany  & Oakville, Ontario, Canada (Freightliner)
Established Year 1926 (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

Company Volvo Trucks & Volvo Buses
Headquarters Gothenburg, Sweden
Established Year 1927
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

Company Scania AB
Headquarters Södertälje, Sweden
Established Year 1891 
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

Company MAN Truck & Bus (Traton Group)
Headquarters Munich, Germany
Established Year 1758 (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.

Company PACCAR (Peterbilt, Kenworth, DAF)
Headquarters Bellevue, Washington, USA / Eindhoven, Netherlands
Established Year 1905 
Website Click here 

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

6. Navistar International

Company Navistar International (Traton Group)
Headquarters Lisle, Illinois, USA
Established Year 1902 
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.

Company Isuzu Motors Ltd.
Headquarters Yokohama, Kanagawa, Japan
Established Year 1934
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Specializing in diesel-powered commercial vehicles, Isuzu is globally respected for durable, fuel-efficient medium-duty trucks 

8. Hino Motors

Company Hino Motors
Headquarters Hino, Tokyo, Japan
Established Year 1942
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A Toyota Group company and Asia’s heavy-truck expert, Hino is advancing hybrid and hydrogen models 

9. Mitsubishi Fuso

Company Mitsubishi Fuso Truck and Bus Corporation
Headquarters Kawasaki, Kanagawa, Japan
Established Year 1932
Website Click here 

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

10. Tata Motors

Company Tata Motors (Commercial Vehicles Division)
Headquarters Mumbai, Maharashtra, India
Established Year 1945
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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