Who has the market share in trucks | Trends & Innovation 2026

Who has the market share in trucks?

Technological advances such as real-time telematics, ADAS (Advanced Driver Assistance Systems), and fleet management software are becoming typical, reshaping fleet operations. Developing economies in Asia-Pacific and Africa are witnessing a boom in infrastructure development, which is generating reliable demand for heavy-duty and medium-duty trucks. Governments globally are offering incentives and tightening emission norms, further accelerating fleet electrification and innovation across commercial vehicle segments.

List of the Global trucks Market

1. Volvo Group

Volvo Group ranks among the largest truck makers by revenue and is a leader in electric and autonomous heavy trucks. It owns brands like Volvo Trucks, Mack, and Renault Trucks, leading European >16 t market share.

2. Paccar Inc.

Paccar manufactures heavy-duty Class 8 trucks under Kenworth, Peterbilt, and DAF brands. It consistently ranks among the top three global producers and is advancing in electric and autonomous trucking.

3. Traton Group (Volkswagen)

Traton oversees Scania, MAN, Navistar, and Volkswagen’s commercial vehicle operations. It ranks high in heavy truck production worldwide and has significant presence across Europe and North America.

4. Scania AB

A key brand under Traton, Scania specializes in heavy-duty trucks and buses. It is known for durable, fuel-efficient vehicles and strong service networks globally.

5. MAN Truck & Bus (Traton)

MAN, part of Traton, is a major manufacturer of light to heavy commercial vehicles in Europe, Southeast Asia, and South America.

6. Navistar International

Navistar produces medium and heavy-duty trucks, buses, and engines in North America. It recently partnered with Volkswagen under Traton and invested in electric truck development.

7. Renault Trucks

Renault Trucks is a key player in Europe’s >16 t heavy-duty segment, offering diesel and electric models. It holds approximately 9.1 % share in that weight class.

8. Tata Motors

Tata Motors is India’s largest commercial vehicle manufacturer, producing heavy-, medium-, light-duty trucks, and buses. It sells over 150,000 trucks annually and is expanding globally.

9. Ashok Leyland

Ashok Leyland is India's second-largest commercial vehicle maker and among the world's top bus and truck manufacturers. It maintains a strong foothold in heavy-duty and defence vehicle markets.

10. Daimler Truck AG

Daimler Truck is the world’s largest truck manufacturer by revenue, operating brands such as Freightliner, Western Star, BharatBenz, Mercedes-Benz, and Fuso. It holds a dominant global position in medium to heavy-duty commercial vehicles.

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