Class 8 Truck Market Share

Class 8 Truck Market Share

Daimler and Traton held significant market share of over 25% market share in 2023. These industry giants continue to strengthen their foothold through strategic partnerships and technological innovations, particularly in electric and autonomous driving technologies. Their proactive acquisitions have enabled them to expand their product offerings, making them more adaptable to evolving market demands. By investing heavily in R&D, these companies not only lead in developing sustainable truck solutions but also align with stringent global emission standards.
 

Collaborations with technology firms and logistics companies enhance the integration of their trucks into sophisticated fleet systems, thereby increasing the efficiency of transport and logistics operations. Their dedication to sustainability, through reducing carbon footprints and enhancing fuel efficiency, meets both consumer preferences and regulatory requirements. This strategic combination of innovation, collaboration, and market adaptation secures Daimler and Volvo’s leadership positions in the rapidly evolving market.
 

Class 8 Truck Market Companies

Major companies operating in the class 8 truck industry are:

• Daimler
• Freightliner
• Navistar
• Isuzu Motors
• Kenworth
• Mack Trucks
• MAN
• Peterbilt
• Scania AB
• Volvo Trucks