Who is the market leader in commercial vehicle | Growth Insights & Forecast 2025

Who is the market leader in commercial vehicle?

This expansion is being driven by rising demand for efficient logistics and transportation, fuelled by booming e commerce and large infrastructure projects. Green initiatives are pushing manufacturers to invest in electric, hydrogen, and hybrid trucks and buses, helping reduce emissions. 

Furthermore, fleets are adopting advanced technologies like telematics, ADAS, and autonomous driving features, which improve safety, lower fuel consumption, and help manage vehicles better. The government are supporting with incentives and clean-energy policies, and the rollout of new charging and hydrogen refuelling stations. Together, all these  trends from cleaner technologies to smarter fleets are set to power remarkable growth in the commercial vehicle sector through 2031.

1. Daimler Truck AG

One of the world’s largest commercial vehicle manufacturers. Operates brands such as Mercedes-Benz Trucks, Freightliner, and FUSO. Focuses on decarbonizing transport through electric and hydrogen-powered vehicles.

2. Navistar International Corporation

Produces International-brand trucks and IC Bus vehicles. Now part of the TRATON Group, it focuses on next-gen commercial mobility, telematics, and environmental innovation.

3. Tata Motors

India’s largest commercial vehicle manufacturer. Offers a wide range from light pickups to heavy-duty trucks and electric buses. Actively expanding sustainable and connected vehicle technologies.

4. PACCAR Inc.

Leading producer of trucks under the Kenworth, Peterbilt, and DAF brands. Renowned for high-performance vehicles and advanced engineering. Investing in autonomous, electric, and connected truck technologies.

5. Scania AB

Part of the Volkswagen Group, Scania produces premium trucks, buses, and engines. Known for fuel-efficient solutions, modular product systems, and advanced transport connectivity.

6. Volvo Group

A global powerhouse in heavy-duty trucks, buses, and construction equipment. Strongly committed to sustainable transport solutions through electrification and autonomous technology development. Operates brands like Volvo Trucks, Mack, and Renault Trucks.

7. Hino Motors, Ltd.

A Toyota Group company specializing in trucks and buses. Known for durable diesel and hybrid powertrains. Investing in clean energy transport and smart logistics systems.

8. BYD Auto Co., Ltd.

A leader in electric commercial vehicles including trucks, vans, and buses. Develops in-house battery, motor, and control systems. Plays a major role in electrifying urban transit fleets worldwide.

9. Ashok Leyland

One of India’s leading commercial vehicle manufacturers. Offers a full range of trucks and buses, with growing efforts in electric mobility and innovative modular platform design.

10. Toyota Motor Corporation (via Hino Motors)

Operates commercial vehicle operations through its subsidiary Hino Motors. Focused on fuel efficiency, hybrid systems, and hydrogen fuel cell technologies for cleaner, more efficient transport.

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